Tag: Business
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Investors respond positively to Bank Indonesia’s surprise rate hike, with inflows up, official says
JAKARTA, June 12 : Indonesia’s central bank spokesperson said on Friday that foreign investors have responded positively to its rare off-cycle interest rate hike and an increase in bond yields, as reflected by a rise in foreign capital inflows this week.Bank Indonesia (BI) raised interest rate by 25 basis poi
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Asian stocks extend rally on Gulf breakthrough hopes, oil hits two-month lows
US President Donald Trump said on Thursday (Jun 11) that a peace deal could be signed as soon as this weekend, hours after threatening more strikes on Iran.
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Oil extends losses as Trump calls off planned strikes on Iran
(Corrects paragraph 2 to say prices fell, not rose)June 12 : Oil prices fell on Friday, extending losses from the previous session after U.S. President Donald Trump canceled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.Brent fut
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Bank of Korea governor says interest rates to be raised ‘on time’
SEOUL, June 12 : South Korea’s central bank governor said on Friday it was necessary to raise interest rates “on time” as inflation was expected to exceed the target for a considerable period of time amid high oil prices triggered by the Middle East conflict. “Monetary policy often faces trade-offs between po
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Dollar steadies on ceasefire prospects, PPI eases pressure on Fed
HONG KONG, June 12 : The dollar found its footing in early trading on Friday, after sliding to its weakest in a week as traders parsed reports that a ceasefire deal in the Middle East could be imminent.Against the yen, the U.S. currency was up 0.1 per cent at 160.07 yen. The Australian dollar was…
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A Chinese start-up’s unfolding dilemma exposes cracks in Beijing’s tech funding machine
While the U.S. channels support to tech winners indirectly via incentives, Chinese governments at every level take direct equity stakes.
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Woodside exercises pre-emptive right to buy PetroChina’s stake in Browse JV
June 12 : Woodside Energy said on Friday it had exercised its pre-emptive right to acquire PetroChina’s 10.67 per cent stake in the Browse gas fields off the coast of Western Australia, blocking a deal agreed with Japan’s Inpex.Under the terms of the transaction, Woodside will pay $225 million to PetroChina,
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Bank of Japan set to hike rates to 31-year high, drop hawkish signals
TOKYO, June 12 : The Bank of Japan is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up borrowing costs, undeterred by the absence of its governor as it focuses on countering inflation risks from the Middle East war.The decision would align the BOJ with…
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Stocks extend rally on Gulf breakthrough hopes, oil hits two-month lows
SYDNEY, June 12 : Asian stocks joined a global rally on Friday on hopes a Middle East peace deal may finally materialise, while the dollar and bond yields dropped and oil prices fell to two-month lows, tempering inflation fears. All eyes are on the hotly-awaited market debut of Elon Musk’s SpaceX, which has m
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Musk’s SpaceX prices record US$75 billion IPO at US$135 a share
The IPO values the space, satellite and AI provider at US$1.77 trillion, a record for an initial offering.
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