Asia Business

Crisis-hit Thyssenkrupp books another hefty annual loss

German industrial giant Thyssenkrupp reported Tuesday a massive annual loss for the second year running, as it battles challenges including a crisis in its historic steel division.The conglomerate, whose products range from steel to submarines, booked a loss of 1.5 billion euros ($1.6 billion) for the 2023-24 financial year, after a loss of over two …

Crisis-hit Thyssenkrupp books another hefty annual loss Read More »

Asian markets rally after US bounce as Nvidia comes into focus

Asian markets rose Tuesday after a broadly positive day on Wall Street, with focus turning to the upcoming release of tech giant Nvidia’s earnings, while traders also kept tabs on Donald Trump’s picks for his new administration.Hong Kong and Shanghai were among the better performers in early action on hopes that China will unveil more …

Asian markets rally after US bounce as Nvidia comes into focus Read More »

China’s Xi urges G20 to help ‘cool’ Ukraine crisis

Chinese President Xi Jinping urged G20 leaders Monday to support efforts to de-escalate the war in Ukraine and reach a “political solution,” state media reported.His remarks at the G20 summit in Brazil come shortly after Ukraine received a US green light to launch long-range missiles provided by Washington against targets inside Russia.”The G20 should support …

China’s Xi urges G20 to help ‘cool’ Ukraine crisis Read More »

Stocks, dollar hesitant as traders brace for Nvidia earnings

Global markets were mixed on Monday as traders largely treaded water after a busy period that saw a post-election “explosion” in enthusiasm in the United States, followed by a pullback last week. Focus also turned to chip behemoth Nvidia ahead of its quarterly earnings on Wednesday, which could indicate prospects for the entire tech sector. Wall Street’s …

Stocks, dollar hesitant as traders brace for Nvidia earnings Read More »

Stocks, dollar hesitant as traders eye US rate outlook, Nvidia

Stock markets were mixed from Asia to the United States on Monday as cautious traders reassessed the outlook for interest rates ahead of Donald Trump’s return to the White House, with policies that could reignite inflation after months of cooling prices.Focus also turned to chip behemoth Nvidia ahead of its quarterly earnings on Wednesday, which …

Stocks, dollar hesitant as traders eye US rate outlook, Nvidia Read More »

Stocks, dollar hesitant as traders scale back US rate cut bets

European and Asian stock markets moved mostly lower Monday after a pre-weekend retreat on Wall Street as investors scaled back bets for US interest-rate cuts, fearing Donald Trump’s policies could reignite inflation.Global equity markets have cooled since Trump’s US election win this month, while investor attention has turned to his coming pick for Treasury secretary.All …

Stocks, dollar hesitant as traders scale back US rate cut bets Read More »

Stocks, dollar mixed as traders scale back US rate cut bets

European and Asian stock markets traded mixed Monday following a pre-weekend retreat on Wall Street as investors scaled back bets on US interest-rate cuts, fearing Donald Trump’s policies could reignite inflation.Global equity markets have cooled since Trump’s US election win this month, while investor attention has turned to his upcoming pick for Treasury secretary.All three …

Stocks, dollar mixed as traders scale back US rate cut bets Read More »

Markets mixed after Wall St losses as traders weigh US rates outlook

Asian markets were mixed Monday following a sell-off on Wall Street as investors scale back their bets on Federal Reserve interest rate cuts owing to worries Donald Trump could reignite inflation.A warning from US central bank boss Jerome Powell that reductions in borrowing costs were not preset dented optimism last week, while traders were also …

Markets mixed after Wall St losses as traders weigh US rates outlook Read More »

Close Bitnami banner
Bitnami