Asia Business

Bitcoin broke $100,000 for the first time Thursday as traders cheered Donald Trump’s decision to pick a crypto fan to head the US securities regulator, reinforcing optimism the new president will push through measures to deregulate the sector.The cryptocurrency soared through the mark, having enjoyed a blistering rally since the November 5 election of Trump, …

Bitcoin hits $100,000 for first time as traders cheer Trump pick Read More »

Chinese shopping app Temu has been forced to suspend its services in Vietnam after it failed to register with authorities, state media said on Thursday.Goods ordered on Temu were no longer being cleared through customs in Vietnam, state media reported, after the company missed an end-of-November deadline to register with the ministry of industry and …

Chinese shopping app Temu suspended in Vietnam: state media Read More »

Japanese tipples sake and shochu — and the knowledge and skills honed over centuries to make them — have been added to UNESCO’s Intangible Cultural Heritage list.AFP looks at how sake, a rice wine, is made, its myriad varieties, and its role in everyday life and traditions:- History -It’s believed people in the archipelago began brewing …

Kampai! All about Japanese sake Read More »

Bitcoin burst past $100,000 for the first time Thursday as traders welcomed Donald Trump’s pick to head the US securities commission, while Seoul stocks slipped as South Korea’s president faced impeachment after his brief imposition of martial law this week.After hovering around the mid-$90,000 mark in recent weeks, the popular cryptocurrency finally burst through the …

Bitcoin breaks $100,000, stocks mixed as traders eye S. Korea drama Read More »

Bitcoin broke $100,000 for the first time Thursday as traders cheered Donald Trump’s decision to pick a crypto fan to head the US securities regulator, reinforcing optimism the new president will push through measures to deregulate the sector.The cryptocurrency soared through the mark to a peak of $103,800, having enjoyed a blistering rally since the …

Bitcoin hits $100,000 for first time Read More »

Equities extended losses in Seoul on Thursday, while the won stabilised as South Korea entered a period of uncertainty with President Yoon Suk Yeol clinging to power after his brief imposition of martial law this week.And Bitcoin broke past the $100,000 mark for the first time Thursday on hopes US President-elect Donald Trump will push …

South Korea stocks drop, won stable as Asian markets fluctuate Read More »

Afghanistan’s economy continues to face significant challenges despite showing signs of modest growth, the World Bank warned on Wednesday, with the future “uncertain.”The economy’s challenges include “fiscal constraints, trade imbalances, and a limited capacity for public investment,” the bank said in its Afghanistan Development Update.Critical factors for long-term recovery include enabling women’s participation in the …

Afghan economy faces ‘uncertain’ future despite modest growth: World Bank Read More »

Wall Street stocks surged to fresh records Wednesday on hopes about easing US monetary policy, shrugging off political upheaval in South Korea and France.All three major US indices scored records, with the Dow Jones Industrial Average finishing above 45,000 for the first time.”The market at this point is looking for excuses to go up, and …

US stocks surge to records, shrugging off upheaval in South Korea, France Read More »

South Korea’s stock market fell less than feared Wednesday and the won rebounded from earlier losses after President Yoon Suk Yeol swiftly reversed a decision to impose martial law.In Europe, Paris stocks managed to advance while the euro dipped as France’s government faced no-confidence votes later in the day that could spell the end of …

Seoul stocks weaken, Paris advances despite political turmoil Read More »

South Korea’s stock market fell less than feared Wednesday and the won rebounded from earlier losses after President Yoon Suk Yeol swiftly reversed a decision to impose martial law.In Europe, Paris stocks managed to advance in afternoon deals as the euro dipped, with France’s government facing no-confidence votes later in the day that could spell …

Seoul stocks weaken, Paris edges up tracking political turmoil Read More »