Asia Business

Most markets gained Friday after a bounce on Wall Street, while bitcoin continued its march higher to move within touching distance of the $100,000 mark.Rising geopolitical tensions tempered the atmosphere and lifted oil again after Russia hit Ukraine with a new-generation intermediate-range missile and sent a warning to the West.The gains in equities followed a …

Most markets track Wall St gains, bitcoin closes on $100,000 Read More »

Japan’s minority government was set Friday to sign off on a $140-billion stimulus drive aimed at putting more money in consumers’ pockets after the ruling party’s worst election result in 15 years.The October 27 contest saw voters — angry over corruption in the Liberal Democratic Party (LDP) and inflation — deprive new Prime Minister Shigeru …

Japan government to approve $140bn stimulus Read More »

Most Asian markets gained Friday after a bounce on Wall Street, while bitcoin continued its march higher to move within touching distance of the $100,000 mark.Rising geopolitical tensions tempered the atmosphere and kept oil elevated after Russia hit Ukraine with a new-generation intermediate-range missile and sent a warning to the West.The gains in equities followed …

Most Asian markets track Wall St gains, bitcoin closes on $100,000 Read More »

Global stocks mostly rose Thursday following strong earnings from artificial intelligence leader Nvidia as bitcoin prices zoomed near $100,000 and oil prices rose.Nvidia itself had a volatile day, finishing modestly higher after several reversals. The chip company reported a whopping $19 billion in profits, although investors wondered if its current rate of stupendous growth is sustainable.But …

Global stocks mostly cheer Nvidia results as bitcoin gains Read More »

Visiting Indian Prime Minister Narendra Modi said Thursday his country is interested in oil from Guyana, the small South American nation with the world’s highest per capita crude reserves.In a speech to parliament, Modi said demand for energy in India is growing and it is diversifying its sources.”In this regard, we view Guyana as an …

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Stock markets mostly rose in Europe and on Wall Street on Thursday, recovering from recent selling but with investors wary of the escalating Ukraine war on Europe’s doorstep. Quarterly earnings from the AI chip giant Nvidia also gave investors reason for pause, after failing to match the sky-high expectations of many analysts that could underpin further …

Stock markets push higher but Ukraine tensions urge caution Read More »

Stock markets were little changed in Europe and on Wall Street Thursday after Ukraine claimed that Moscow fired an intercontinental ballistic missile, ratcheting up fears of further escalation in the war on Europe’s doorstep.Quarterly earnings from the AI chip giant Nvidia also gave investors reason for pause, failing to match the sky-high expectations of many …

Stock markets waver as Nvidia, Ukraine tensions urge caution Read More »

Kenyan President William Ruto sought Thursday to turn the page on a difficult year, cancelling controversial deals with India’s Adani Group and vowing to tackle corruption, police kidnappings and gender-based violence.With the country on edge over multiple issues, there was a heavy police presence around parliament in Nairobi ahead of Ruto’s annual state of the …

Kenya scraps Adani deals as Ruto attempts to reset presidency Read More »

Major stock markets diverged and the dollar was mixed Thursday as traders weighed escalating tensions in the Russia-Ukraine war.Bitcoin extended its surge, as the world’s biggest cryptocurrency struck a record high of over $98,000.Oil prices rallied “as geopolitical tensions outweighed concerns over rising US crude supplies”, noted Matt Britzman, senior equity analyst, Hargreaves Lansdown. “Geopolitical fears …

Stock markets diverge, as bitcoin closes in on $100,000 Read More »

India’s Adani Group on Thursday called US charges that their billionaire tycoon founder Gautam Adani had paid more than $250 million in bribes “baseless”, as the opposition leader demanded his arrest.The stiff denial came after shares in the industrialist’s conglomerate nosedived nearly 20 percent in Mumbai, the morning after a bombshell indictment in New York accused …

India’s Adani says US charges ‘baseless’, opposition demand arrest Read More »