Showing 1 - 10 of 34
AIS seeks partners for virtual bank
Business, Komsan Tortermvasana, Published on 06/02/2024
» Advanced Info Service (AIS) is in talks with PTT Oil and Retail Business (OR) and a digital platform provider on a potential partnership to apply for a virtual bank licence from the Bank of Thailand, according to AIS chief executive Somchai Lertsutiwong.
Asian trade subdued as economic outlook weakens
Business, Published on 13/05/2023
» RECAP: Most Asian share markets were subdued on Friday and the dollar held onto its gains from safe-haven flows, after soft economic data from the US and China fuelled concerns about a global slowdown.
Asian shares advance as oil prices retreat
Business, Nuntawun Polkuamdee, Published on 06/08/2022
» RECAP: Asian equities mostly rose yesterday as a drop in oil prices to pre-Ukraine war levels stirred hopes of a slowdown in inflation and bank interest-rate hikes. But while global markets have enjoyed a broadly positive week, recession worries and Chinese military drills around Taiwan have traders' nerves on edge.
Oil, war, pandemic: Economic costs mount
Business, Published on 14/03/2022
» The Russian invasion of Ukraine is sending economic shockwaves around the globe with crude oil prices at one point reaching US$130 per barrel, hitting businesses already reeling from tepid consumption caused by the Covid-19 pandemic.
SET up 0.2%, global markets cringe over trade war fears
Business, Published on 03/03/2018
» Recap: Global stock markets fell to two-week lows yesterday, with steelmakers taking a pounding after US President Donald Trump said he would impose hefty tariffs on imports of steel and aluminium, reviving fears of a trade war.
Investors heartened by signals from Fed
Business, Published on 31/07/2017
» Recap: US and European stock exchanges picked up last week after the US Federal Reserve kept its interest rate at 1.25% and reaffirmed plans for a gradual tightening of its monetary policy and tapering of its balance sheet.
Disappointment with Opec accord hits world equities
Business, Published on 29/05/2017
» Recap: Global equity markets retreated last week as a slump in crude prices triggered a sell-off in energy stocks after an Opec-led decision to extend output cuts fell short of expectations. However, markets rallied on Friday amid a consensus that the sell-off had been an overreaction. The energy-heavy Thai stock market started the week strongly in anticipation of good news from Opec, and offshore fund inflows helped to limit losses later.
Syria and Trump-Xi talks keep investors on sidelines
Business, Published on 10/04/2017
» Recap: Markets were rattled late last week after US cruise missiles struck a Syrian air base, while global investors moved to the sidelines pending the outcome of talks between US President Donald Trump and Chinese President Xi Jinping. Safe-haven assets such as the yen and gold soared and oil prices also surged. The formal promulgation of the country's 20th constitution, ensuring an election sometime late next year, helped keep the Thai stock market in a rangebound trade.
Mixed economic signals keep Asian shares drifting
Business, Published on 03/04/2017
» Recap: Asian investors continued to tread cautiously last week amid mixed economic signals. Better-than-expected US economic growth data and solid industrial output readings from China and Japan bolstered sentiment, but a hawkish view on interest rates by some US Federal Reserve governors and uncertainty about President Donald Trump's tax reforms and spending plans after his healthcare fiasco pressured stocks. In Thailand a buying spree by foreign investors helped boost the index but profit-taking capped gains.
Hawkish fed tone rattles asia, But only briefly
Business, Published on 19/12/2016
» Recap: Hawkish signals from the US Federal Reserve of a faster pace of policy tightening next year weighed on Asian stock markets last week. Most recovered late in the week after investors concluded the reaction had been overdone. Anticipation of a year-end spending spree by consumers lured by tax breaks kept the Thai bourse steady.