Analysis: Emerging market investors dive for stocks amid Fed storm
Developing world investors, buffeted by various “taper tantrums” over the last decade, are now nervously watching as the rainmaker of global markets – the U.S. Federal Reserve – readies its most aggressive rate hike cycle in 17 years.
James Hardie sets higher profit view as U.S. housing market boom continues
James Hardie (JHX.AX), the world’s largest fibre cement maker, on Monday raised its annual profit forecast for the fourth time this fiscal year, and guided to even higher earnings next year, driven by a boom in the housing sector in North America.
Analysis: Singapore bets on niche SPAC listings to capture tech boom
After years of struggling to emerge from the shadows of regional rivals, Singapore Exchange is looking to establish itself as the hub for blank-cheque firms, riding on regulatory overhaul, support by state firms, and a tech boom in its back yard.
Indonesia’s GDP speeds up on easing COVID-19 curbs, brisk exports
Indonesia’s economic growth accelerated in the final quarter of last year as consumption perked up following the easing of anti-virus mobility restrictions and as stronger commodity prices pushed exports to record highs.
Taiwan lifts forex trading punishment on Deutsche -sources
Taiwan’s central bank has allowed Deutsche Bank (DBKGn.DE) to start trading Taiwan dollar deliverable and non-deliverable forwards again, three sources told Reuters, after it suspended them as part of a crackdown on speculation last February.
EXCLUSIVE ECB’s Kazaks says July rate hike is unlikely
The European Central Bank could end its stimulus programme earlier than planned but it is unlikely to raise its main interest rate in July as investors are expecting, ECB policymaker Martins Kazaks told Reuters.
Samsung, Blue Ocean launch U.S. stock trading during South Korean business hours
Asian investors can now buy and sell U.S. stocks during Korean business hours in real time through a partnership between Samsung Securities (016360.KS) and U.S.-based off-exchange trading venue operator Blue Ocean Technologies LLC, the companies said on Monday.
Toshiba now plans to split into two, bumps up shareholder return targets
Toshiba Corp (6502.T) said it now aims to break up into two companies instead of three, while also unveiling a big boost to planned shareholder returns in an effort to appease angry investors.
In a time of rising inflation, tourism could be Turkey’s rescue
Turkey’s annual inflation rate has reached a 20-year high of 48.7%, according to government figures released last week. Turkey’s social and economic progress has been outstanding since the 2000s, resulting in increasing employment and earnings and elevating the country to an upper-middle-income status. Turkey increasingly urbanized throughout this time, maintaining strong macroeconomic and fiscal policy […]
Is this the start of Facebook’s real-time downfall?
Meta Platforms Inc. (Facebook) had a historic fall last week, with Mark Zuckerberg, the social network’s creator, losing almost $31 billion of his fortune, one of the entrepreneur’s largest personal losses in recent times. It is said to have dropped more than 20% last week after the social networking business issued a weaker-than-expected projection. As […]
