Asian stock markets were choppy on Tuesday, as traders weighed a promise from Beijing to assist equities, but also viewed odds for a rate hike from the Bank of Japan. Hong Kong and Shanghai gained, while Tokyo finished in the red.
Donald Trump will be sworn in by Supreme Court Chief Justice John Roberts as the 47th U.S. president at a ceremony at the Capitol Building. The 78-year-old Trump then delivers his inaugural address. On day one, Trump has pledged to sign a host of executive orders on a raft of matters ranging from border security to oil and gas production.
Panellists discussed opportunities and challenges in climate finance at the 17th edition of the Mint Annual BFSI Summit in Mumbai.
Offshore loans for Chinese corporates drove Hong Kong’s loan volume, totalling to US$66.7b or a 19.5% increase compared to 2023. Hong Kong emerged as the leader in the Asia Pacific (ex-Japan) syndicated loan market in 2024,
In its latest World Economic Outlook, the IMF forecast that Japan's economy would grow by 1.1% in 2025, moderating slightly to growth of 0.8% in 2026, leaving its October forecast unchanged.
Analysts generally expect a mellow period for banks in the Asia-Pacific region throughout 2025, with positive outlooks for some countries outweighing gloomier projections for others, including heavyweight China.
Global shares are mostly higher following a rally on Wall Street driven by encouraging update on U.S. inflation. Oil prices slipped and U.S. futures edged higher.
Asian markets extended a global rally Thursday after below-forecast US inflation provided a much-needed shot of relief to investors and revived hopes for interest rate cuts this year. The inflation figures tempered worries that the Federal Reserve might not cut rates this year -- or possibly even hike them -- following a blockbuster jobs report on Friday.
In the last year, Bitcoin (BTC $96,761) has gained such popularity that lawmakers and regulators across five continents now consider it a potential reserve asset — a transferable store of value held by a central bank that can be used to settle transactions.
World stocks have retreated after U.S. stocks fell as good news on the job market raised worries over inflation.
Dubai's crypto authority VARA has given HashKey an in-principle approval as the company continues to stretch its services internationally.
Bank of Japan Governor Kazuo Ueda will size up the need to raise interest rates on Friday amid heightened expectations of a hike — and barring a market shock triggered by Donald Trump’s first few days in the White House.