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Showing 1-6 of 6 results
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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.
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Growth forecast cut, Iran cases surge by 50%: Virus update
Published on 02/03/2020
» Iran reported a 50% increase in coronavirus infections, while New York City, Brussels, Berlin and Indonesia all reported their first cases. New cases were reported in Thailand and across the US. Hard-hit South Korea saw its total climb past 4,200.
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Currencies slump, funds flee emerging markets
Business, Published on 08/09/2018
» Recap: Emerging stock markets, especially those in Asia, experienced heavy fund outflows as concerns mounted over the health of emerging economies in general, and contagion impact from the likes of Argentina and Turkey. The Indonesian rupiah hit a two-decade low and the Indian rupee also lost more ground. US-China trade tensions continue to cast a pall over markets as well.
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Stocks trade in narrow range as investors comb us data
Business, Published on 07/08/2017
» Recap: Global investors remained concerned last week about US political developments and economic data that could influence a Federal Reserve interest-rate increase, amid signs that the Fed was growing more cautious. Wall Street staged a revival on Friday after the US reported strong employment numbers for July.
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Weakness in europe keeps global equities subdued
Business, Published on 31/10/2016
» Recap: Global equities were affected by poor sentiment led by European stocks, which fell for the entire week on disappointing corporate results. The European Central Bank is expected to now consider further stimulus to spur the lacklustre euro zone. The US Federal Reserve, meanwhile, is seen as moving closer to raising interest rates as third-quarter GDP growth of 2.9% exceeded expectations.
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Oil rout drags down shares ahead of fed talks
Business, Published on 19/09/2016
» Recap: Global stock markets plunged last week as investors cashed out ahead of this week's much-awaited US Federal Reserve meeting. Worries over the oil glut also triggered selling of energy stocks, but the Thai market picked up following a recent steep fall.
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