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...
(Reuters) - The Teamsters union said on Tuesday its members approved a five-year agreement with Anheuser-Busch Inbev, ratifying a deal that includes pay hikes and improved healthcare for workers at the brewer\'s U.S. facilities. Anheuser-Busch Inbev and the Teamsters union had reached a tentative agreement last week that averted a strike. Under the agreement, which...
South Korean crypto controversy continues as police announced the investigation of a firm linked to a gaming coin. Officers think company officials tricked a group of people in their late 50s and 60s by tricking them into paying for “insider crypto tips.” Per Chosun Ilbo, police in Seoul’s Jongno District said on March 4 that...
- JD.com Inc Adr (NASDAQ: JD) reported first quarter EPS of ¥4.60, ¥0.09 better than the analyst estimate of ¥4.51. Revenue for the quarter came in at ¥300.2B versus the consensus estimate of ¥299.7B. JD.com Inc Adr\'s stock price closed at ¥21.44. It is down -18.94% in the last 3 months and down -53.96% in...
The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday. The NZ dollar fell to nearly a 3-week low of 0.6073 against the U.S. dollar and nearly a 1-1/2 month low of 1.7862 against the euro, from yesterday\'s closing quotes of 0.6091 and 1.7811, respectively. Against the yen, the kiwi...