Showing 1 - 10 of 127
Australian casino group fined US$290m for lax controls
AFP, Published on 31/05/2023
» SYDNEY: Australia's Crown Resorts is set to pay a civil penalty of A$450 million (US$290 million) for lax money laundering controls that saw cash being carried into a casino in paper bags, shoe boxes and suitcases.
Markets tumble as Republicans threaten US debt deal
AFP, Published on 31/05/2023
» HONG KONG: Asian markets sank on Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.
Markets rally before Fed, China zero-Covid hopes boost Hong Kong
AFP, Published on 01/11/2022
» LONDON: Asian and European stock markets rose further Tuesday, as traders looked ahead to the Federal Reserve's policy decision, hoping it will signal a more dovish approach to fighting inflation.
Stocks surge on interest rate hopes
AFP, Published on 04/10/2022
» LONDON: Global stocks rallied Tuesday and the dollar mostly slid as weak US data sparked hopes the Federal Reserve could ease its interest-rate hiking plans.
Dollar softens after rally but Asian stocks struggle to recover
AFP, Published on 27/09/2022
» HONG KONG: The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the baht and the pound, though equity traders struggled to claw back recent losses owing to recession fears.
Pound hits record low versus dollar, markets drop on recession fears
AFP, Published on 26/09/2022
» HONG KONG: The pound hit a record low against the dollar Monday on surging fears about the UK economy after the government unveiled a huge tax-cutting budget.
Long Covid costs Australia millions of working days
AFP, Published on 26/08/2022
» SYDNEY: Long Covid has already cost the Australian economy three million working days this year, according to a government analysis seen by AFP Friday, significantly worsening the country's acute labour shortages.
Asia stocks up before Powell speech, China tech adds support
AFP, Published on 26/08/2022
» HONG KONG: Asian markets rose Friday after a Wall Street rally ahead of a speech by Federal Reserve boss Jerome Powell that is expected to reiterate his plan to ramp up interest rates to fight inflation.
Qantas to launch longest non-stop passenger flight
AFP, Published on 02/05/2022
» SYDNEY: Qantas announced on Monday it will launch the world's longest non-stop commercial flight, with passengers set to spend 19 hours in the air travelling from Sydney to London by the end of 2025.
Asian markets mixed but China, Fed keep confidence in check
AFP, Published on 26/04/2022
» HONG KONG: Asian markets were mixed Tuesday as investors scrabbled to recover from the previous day's rout but fears over the impact of China's Covid-induced lockdowns and the Federal Reserve's plan to hike interest rates quickly continue to drag on sentiment.