Showing 1 - 10 of 100
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.
OPEC+ Delays Production Increase Following a Drop in Oil Prices.
Published on 18/09/2024
» The average price of ICE Brent crude oil in Q3 2024 (from July 1 to September 9, 2024) was $80.4 per barrel, down from an average of $84.9 per barrel in Q2 2024. This decline is attributed to OPEC+’s planned increase in crude oil production by 180 KBD per month from October to December 2024, and by 213 KBD per month from January to September 2025. (Previously, OPEC+ had voluntarily reduced production by 2.2 million barrels per day.) Additionally, demand declined as the US driving season ended, and the political situation in Libya stabilized. However, on September 5, 2024, eight OPEC+ members announced a two-month delay in the production increase plan.
Thailand's new premier faces a daunting to-do list
Business, Post Reporters, Published on 16/09/2024
» Business leaders and economists have urged the government of Prime Minister Paetongtarn Shinawatra to address both short-term problems and structural economic issues simultaneously.
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.
July sees highest export growth in 28 months
Business, Phusadee Arunmas, Published on 28/08/2024
» Exports in July expanded by 15.2%, the highest growth rate in 28 months, as inflation eased and the purchasing power of trading partners rose.
Call to adopt global pacts on emissions
Business, Wichit Chantanusornsiri, Published on 23/08/2024
» Thailand needs to quickly adopt and implement international agreements on reducing carbon emissions to prevent adverse effects on the country's exports and investments, warns caretaker Finance Minister Pichai Chunhavajira.
OR expands into health and wellness
Business, Post Reporters, Published on 19/08/2024
» As energy technology rapidly evolves, PTT Oil and Retail Business Plc (OR) is diversifying its strategy into the "growth zone" of health and wellness.
Delegation to boost trade, investment with Kazakhstan
Business, Phusadee Arunmas, Published on 14/08/2024
» Commerce Minister Phumtham Wechayachai is leading a high-level ministry delegation to Kazakhstan during Aug 13-18 to promote bilateral cooperation in trade and investment.
Big Tech sell-off takes toll on Asian equities
Business, Published on 27/07/2024
» RECAP: Asian equities were mixed on Friday as traders weighed the rising expectations of US interest rate cuts against continued weakness in technology shares after a protracted run-up in prices.