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...
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...
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...
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...
The Canadian dollar weakened against most major currencies in the Asian session on Tuesday. The Canadian dollar fell to nearly a 3-month low of 1.4751 against the euro and a 4-day low of 1.3599 against the U.S. dollar, from yesterday\'s closing quotes of 1.4731 and 1.3571, respectively. Against the yen, the loonie edged down to...
Commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as Asian shares traded lower after China set this year\'s GDP growth target at 5 percent and vowed to push ahead with transforming the growth model in the face of a raft...
Asian stocks ended mostly lower on Tuesday as China\'s week-long annual session of parliament commenced without any big-ticket stimulus plans to prop up the struggling economy. China is aiming for five percent GDP growth this year but there is reluctance to use deficit spending for economic stimulus. The Chinese government has set the targeted fiscal...
Despite the fading favorable base year effects, real estate meltdown and deflationary pressures, China has set an economic growth target of about 5 percent for 2024 that was unchanged from its previous year goal, which is set to force policymakers to focus on stimulus. In the annual work report, Premier Li Qiang on Tuesday projected...
Visa, Inc. (V) announced Tuesday a 7-year agreement with Western Union (WU) under which Western Union customers will be able to send money to their family and friends\' eligible Visa cards and bank accounts in 40 countries across five regions. The agreement includes card issuance, Western Union\'s integration with Visa Direct, and value-added services delivery...