SYDNEY (Reuters) - Australia\'s Qantas Airways has been fined A$250,000 ($162,375) for illegally sacking an employee who told staff not to clean aircraft arriving from China early in the COVID-19 pandemic, adding to the airline\'s reputational challenges. The New South Wales state district court issued the fine on Wednesday after finding the carrier guilty last...
The China stock market has climbed higher in four straight sessions, collecting almost 90 points or 3 percent along the way. The Shanghai Composite Index now rests just beneath the 3,050-point plateau although investors are likely to cash in on Wednesday. The global forecast for the Asian markets suggests further consolidation on concerns over the...
--Apple Inc\'s (NASDAQ:AAPL) recent stock rout presents a buying opportunity, Dan Ives, Managing Director at Wedbush Securities said in an interview with CNBC on Tuesday, citing upside potential from the iPhone maker’s eventual integration of artificial intelligence. Ives said that Apple’s stock weakness came chiefly from concerns over a sales slowdown in China, which he...
The crypto market capitalization is up 4% over the past 24 hours. At the time of writing, it stands at $2.544 trillion, according to CoinGecko. Most of the top 100 coins by market capitalization have appreciated in the past day. At the same time, all top ten coins are green, according to CoinGecko. Dogecoin (DOGE)...
The Hong Kong stock market on Tuesday halted the two-day winning streak in which it had added more than 80 points or 0.5 percent. The Hang Seng Index now sits just above the 16,160-point plateau and it\'s looking at another rough session again on Wednesday. The global forecast for the Asian markets suggests further consolidation...
The Indonesia stock market has moved lower in four straight sessions, slumping almost 80 points or 1.1 percent along the way. The Jakarta Composite Index now sits just beneath the 7,250-point plateau and it may extend its losing streak again on Wednesday. The global forecast for the Asian markets suggests further consolidation on concerns over...
The Financial Supervisory Commission (FSC) of Taiwan has announced its intention to propose a new draft of digital asset regulations for the country in September 2024. The upcoming draft bill will aim to create more effective regulations for digital asset markets and to assure the safety of investors, said Huang Tien-mu, chairman of the FSC,...
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) - Chinese money is pouring into funds invested in offshore assets at breakneck speed, butting up against outbound investment limits and complicating Beijing\'s efforts to revive domestic markets and stabilise the yuan. The rush to invest offshore reflects low confidence at home and is evident in...
Australian shares are trading modestly lower on Wednesday, adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 falling to be a tad above the 7,700 level, following the broadly negative cues from Wall Street overnight, with losses in mining and technology stocks partially offset by gains in financial stocks. The...
Fallen crypto exchange FTX has opened its claim window for creditors to retrieve their crypto assets. However, the exchange has faced criticism on social media from users who have blasted FTX for pricing major crypto assets significantly lower than their market values. An X post on March 2nd from crypto reporter Colin Wu, who goes...