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Oil Prices Surge Amid Geopolitical Tensions
Published on 17/04/2024
» Current crude oil prices are elevated due to conflicts in the Middle East, with ongoing tensions between Russia and Ukraine exacerbating the situation. Amidst the fragile global economic landscape, crude oil prices have declined in the first quarter of the year, whilst the OPEC+ group of producers continues to tightly control supply.
Oil prices dip as demand concerns outweigh Middle East supply fears
Reuters, Published on 17/04/2024
» TOKYO: Oil prices eased in early trade on Wednesday as worries about global demand due to weak economic momentum in China and fading hopes for U.S. interest rate cuts in the near term outweighed supply fears on heightened tensions in the Middle East.
Emerging market currencies drop to 2024 low
Published on 16/04/2024
» Emerging-market currencies fell to a new low for the year as the dollar extended gains into a fifth day amid heightened geopolitical tensions, and after robust US data boosted bets the Federal Reserve will delay interest-rate cuts.
Baht tipped to slide as US Fed delays rate cuts
News, Somruedi Banchongduang, Published on 12/04/2024
» The baht is poised to experience significant pressure, potentially reaching 37 baht per United States dollar next week, as a result of better-than-expected economic data from the US coupled with the US Federal Reserve's decision to hold off on interest rate cuts.
Songkran drives up industrial sentiment
Ranjana Wangvipula, Published on 11/04/2024
» The Thai Industry Sentiment Index (TISI) rose to 92.4 points in March, driven by more goods production ahead of the Songkran festival and growing domestic demand for durable goods, according to the Federation of Thai Industries (FTI).
March investor confidence stays virtually unchanged
Business, Nuntawun Polkuamdee, Published on 11/04/2024
» The Federation of Thai Capital Market Organizations' (Fetco) Investor Confidence Index (ICI) remained in the neutral zone in March as the market expects more economic stimulus, while fund outflows continued and delays to the US Federal Reserve's interest rate cuts undermined sentiment.
Bourse sees foreign outflows of B68.9bn in first quarter
Business, Nuntawun Polkuamdee, Published on 10/04/2024
» Foreign investors sold Thai stocks worth 68.9 billion baht in the first quarter, including 41.2 billion in March alone, attributed to the delay in expected US interest rate cuts, economic conditions and weaker operating results of listed Thai companies than firms listed on other exchanges, according to the Stock Exchange of Thailand (SET).
Rescued moon bear cubs ‘doing well’ in Laos
Published on 09/04/2024
» LUANG PRABANG, Laos - Sixteen Asiatic Black Bear cubs rescued from the home of a wildlife poacher in Laos last month are thriving at a sanctuary for the endangered species, where they are being cared for around-the-clock by local and international conservationists.
Shares dip amid rate uncertainty, high oil prices
Business, Published on 06/04/2024
» RECAP: Shares in Asia declined yesterday, tracking US stocks as interest rate uncertainty, high oil prices and geopolitical tensions weighed on sentiment.
Traders upgrade outlook for gold prices
Business, Nareerat Wiriyapong, Published on 05/04/2024
» Local traders have increased their forecasts for global and domestic prices of gold to US$2,350 and 40,500 baht, respectively, after the price of bullion set another record high of more than $2,300 an ounce on sustained demand from central banks and heightened geopolitical conflict.