Oil prices fall on rising COVID-19 infections in Asia, inflation fears
Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears rising inflation might lead the U.S. Federal Reserve to raise interest rates, which could limit economic growth.
Asian shares push higher, dollar eases
Asian shares rose on Tuesday, shrugging off worries about an increase in regional coronavirus infections, while inflation jitters helped push gold prices to three-month highs. Equities in Europe and the United States looked set to follow. FTSE futures rose 0.76% and EuroSTOXX 50 futures traded 0.68% higher, while S&P 500 futures were up 0.33%. MSCI’s […]
Global stocks press pause, gold hits 3-mth high on inflation concerns
Global shares hit the pause button and gold briefly crested a three-month high as surging COVID-19 cases in some Asian countries and inflation pressures tempered demand for riskier assets. Markets have been skittish in recent weeks as bumper supplies of central bank stimulus and rising prices in the United States and other countries fuel concerns […]
Hong Kong-Singapore travel bubble postponed for a second time
A travel bubble between Hong Kong and Singapore due to open on May 26 has been postponed for a second time, officials said on Monday, after a spike in cases in Singapore derailed the plan for quarantine-free travel between the financial hubs. The bubble was initially slated to begin in November last year but was […]
Bitcoin recoups some losses after Musk-triggered tumble
Bitcoin popped back above $50,000 in Asian trade on Thursday, clawing back some of the 17% plunge that followed Elon Musk’s tweet that Tesla Inc (TSLA.O) would stop accepting the digital tokens as payment for its cars. The price of the world’s largest cryptocurrency dropped from around $54,819 to $45,700, its lowest since March 1, in just under two […]
Asia shares fall on worries over inflation, Fed outlook
Asian shares declined in early trade on Tuesday as Wall Street retreated on worries about accelerating inflation, prompting investors to cut back on their exposure to growth-focused stocks on bets of higher interest rates in the not-too-distant future.
Saudi to supply full crude volumes to at least 4 Asia buyers in June -sources
Saudi Arabia, the world’s top crude oil exporter, will supply full volumes of crude as requested by at least four Asian refiners in June, five people with knowledge of the matter said on Tuesday.
Ethereum breaks past $3,000 to quadruple in value in 2021
Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, as investors bet that ether will be of ever greater use in a decentralised future financial system. Ether , the token transacted on the ethereum blockchain, rose 3% on the Bitstamp exchange […]
Myanmar unity government tells ASEAN no talks until prisoners freed
Myanmar’s pro-democracy unity government, which includes members of parliament ousted by the military coup, has told Southeast Asia’s regional bloc that it will not engage in talks until the junta releases all political prisoners. The 10-member Association of Southeast Asian Nations (ASEAN) has been trying to find a path for Myanmar out of a bloody […]
Porsche plans EV battery cells factory in southern Germany
Volkswagen’s (VOWG_p.DE) luxury sports car unit Porsche AG is speeding up its e-mobility drive with plans for a German factory to manufacture battery cells for electric vehicles, its chief executive officer told Frankfurter Allgemeine Sonntagszeitung.
