Showing 1 - 10 of 50
Marxist leads presidential vote as Sri Lanka rejects the old order
Published on 22/09/2024
» COLOMBO, Sri Lanka — Marxist candidate Anura Kumara Dissanayake led the early counting in Sri Lanka’s presidential elections Sunday, riding a wave of popular anger at the established political order that has run the South Asian nation’s economy into the ground.
Asian shares extend rally sparked by Fed
Business, Published on 21/09/2024
» RECAP: Asian shares extended their rally yesterday in the afterglow of an outsized US interest rate cut, while the yen edged higher as the Bank of Japan held rates steady and stayed upbeat on the economy.
Asian markets cheer big US rate cut
Published on 19/09/2024
» Asian stocks surged on Thursday after the Federal Reserve made its first interest rate cut in four years a big one, creating what analysts say should be a path to a soft landing for the US economy.
Hylife Group aims to go public by 2030
Business, Nareerat Wiriyapong, Published on 18/09/2024
» Hylife Group, a Chiang Mai-based Indian-owned conglomerate, plans to float shares on either the Thai bourse or another Asian stock market by 2030 as it aggressively expands in Thailand, says chief executive Shubhodeep Das.
Malaysia’s Islamists vow to shut casino if party wins key state
Published on 15/09/2024
» An Islamic party said it was prepared to shut down Malaysia’s only casino if it wins control of the state where it is located, as the group looks to build its influence in the Southeast Asian nation.
Asian shares advance on tech rally, rate optimism
Business, Published on 14/09/2024
» RECAP: Most Asian equity markets advanced on Friday, following a tech rally on Wall Street, while US economic data sustained expectations that the Federal Reserve would start cutting interest rates next week.
Asian equities steady after turbulent week
Business, Published on 07/09/2024
» RECAP: Asian equities were poised to end a turbulent week on a steady note and Thai shares had their best week of the year, while currencies edged higher ahead of crucial US payrolls data that could set the stage for a larger interest rate cut.
Thai baht weakens as China falters
Business, Published on 03/09/2024
» The baht led Asian currencies that weakened against the dollar on Monday on a faltering Chinese economy, with analysts suggesting the baht could be on a depreciating trend for the remaining months of this year if the US Federal Reserve (Fed) cuts rates by less than the 1% reduction anticipated by the market this year.
Shares boosted by growing hopes for a soft landing
Business, Published on 31/08/2024
» RECAP: Asian stocks closed in on a fourth month of gains, lifted by hopes of a soft landing for the US economy. The dollar was poised for its worst monthly performance in nine months on the view that US interest rates are all but certain to start falling next month.
Thailand Post to take part in virtual banking
Business, Komsan Tortermvasana, Published on 28/08/2024
» The board of logistics provider Thailand Post has given the nod to the state agency participating in the planned virtual bank business, according to president Dhanant Subhadrabandhu.