News

• China doles out millions in digital yuan in bid to boost adoption: Report
• Major earthquake strikes Turkey, Syria; about 200 dead, many trapped
• Live news: India’s Paytm shares rise after first profit posted ahead of schedule
• Major earthquake strikes Turkey, Syria; scores dead, many trapped
• Investments in Indonesia’s nickel industry
  JAKARTA — Indonesia is courting Tesla Inc to invest in the country, which has become a key player in the electric vehicle industrythanks to its rich nickel reserves. In just three years, Indonesia has signed more than a dozen deals worth more than $15 billion for battery materials and electric vehicle production with global manufacturers […]
• Like Musk, nickel-rich Indonesia has high electric vehicle ambitions
  JAKARTA — Armed with the world’s largest reserves of nickel and a ban on the export of nickel ore, Indonesia is making itself indispensable for the electric vehicle industry, which uses the metal extensively. In just three years, Indonesia has signed more than a dozen deals worth more than $15 billion for battery and electric […]
• Thai inflation below forecast in Jan, seen slowing further
• The day after the drop-dead debt ceiling date
  Will the end of “extraordinary measures” lead to financial Armageddon or not?
• Asset management: Fallout from the Adani Group
  Plus, what should Goldman do, US earnings slump and Funny Girl on Broadway
• Burkina Faso denies favoring Russia’s Nordgold over gold mine permit
  CAPE TOWN — Burkina Faso did not award a mining permit to Nordgold because it is a Russian company, its mines minister told Reuters on Sunday, rebuffing Western concerns that the ruling junta is seeking closer ties with Moscow. “We didn’t give the permit to Nordgold because it is a Russian company, far from it,” […]
• Major central banks rekindle rate hike push after dry January
• Google invests $300M in AI firm previously funded by Sam Bankman-Fried
• Indicators Show Unpredictable Nature as XRP Rides With Bulls
• World’s top gold miner offers $17bn for rival
  Consolidation in prospect as US-listed Newmont seeks to bring Australia’s Newcrest back into fold
• Marketmind: Hot air
• Asia FX slips, dollar firms as hot payrolls spur rate hike fears
• Asian spot LNG prices decline, but enough to tempt buyers?: Russell
  LAUNCESTON — The momentum in global liquefied natural gas (LNG) markets swung away from Europe and back to Asia in January, but the modest increase in demand wasn’t enough to buoy spot prices. Asia’s imports of the super-chilled fuel rose to 24.0 million tonnes in January, up from 23.74 million in December according to data […]
• Gold rebounds but holds below $1,900 on Fed fears, firm dollar
  Gold prices regained some ground on Monday but a firmer dollar and concerns that the U.S. Federal Reserve might keep hiking interest rates kept bullion below the key $1,900-an-ounce level. Spot gold was up 0.6% at $1,876.61 per ounce, as of 0540 GMT, after hitting its lowest level since Jan. 6 earlier in the session. […]
• Indonesia 2022 GDP growth races to 9-year high on resource boom
• Sixth Street preparing bid for German football media rights - FT
• Singapore Defends Lack of Charges in $55 Million Bribery Case
  Singapore’s government defended a decision not to prosecute key figures at Keppel Offshore & Marine Ltd. over a major bribery case involving payments to Brazil’s state-run energy company.
• Indonesia 2022 GDP growth races to 9-year high on resource boom
  JAKARTA — Indonesia’s economic growth climbed to its strongest in nine years last year fueled by revived spending from the lifting of pandemic restrictions and as a global commodity boom sent exports to a record high. Southeast Asia’s largest economy gained from high global commodities prices in the aftermath of the Russia-Ukraine war that aided […]
• Dollar steady after robust U.S. jobs data, yen wobbles
• Oil prices edge higher as IEA's Birol talks up China demand outlook
• Hot air
  A look at the day ahead in European and global markets from Anshuman Daga Last week, the Federal Reserve and the European Central Bank raised interest rates as expected and flagged that credit conditions would remain as tight as necessary to tame inflation. Still, stocks rallied and bond yields fell as markets priced in lower […]
• Dollar steady after robust U.S. jobs data, yen wobbles
  SINGAPORE — The dollar held firm on Monday after a strong U.S. jobs report suggested the Federal Reserve could stay hawkish for longer, while the yen was hit by news that Bank of Japan Deputy Governor Masayoshi Amamiya was being sounded out to be the next governor. The Nikkei newspaper reported, citing anonymous government and […]
• Major earthquake strikes Turkey, Syria; scores dead, many trapped
  DIYARBAKIR/ANKARA — A major earthquake of magnitude 7.9 struck central Turkey and northwest Syria on Monday, killing hundreds of people as buildings collapsed across the snowy region, triggering a search for survivors trapped in rubble. The quake, which hit in the early darkness of a winter morning, was also felt in Cyprus and Lebanon. “I […]
• Beyonce breaks all-time Grammy wins record, Harry Styles claims album prize
• India's Adani shares see extended sell-off as credit warnings kick in
• Oil prices edge higher as IEA’s Birol talks up China demand outlook
  MELBOURNE — Oil prices slightly inched up on Monday after falling 8% last week to more than three-week lows as concerns that slower growth in major economies may limit fuel consumption outweighed signs of a demand recovery in China, the world’s top oil importer. Brent crude futures rose 19 cents, or 0.2%, to $80.13 a […]
• ABC anchor calls out Sen. Marco Rubio during tense exchange over Chinese spy balloon: 'This happened 3 times under the previous president'
• Gold giant Newmont's $16.9 billion bid for Newcrest clouded by deal doubts
• Gold giant Newmont’s $16.9 bln bid for Newcrest clouded by deal doubts
  MELBOURNE — Top gold producer Newmont Corp said it had made a $16.9 billion offer for Australian peer Newcrest Mining Ltd to build a global gold behemoth, although investors and analysts said it undervalued the target amid a leadership change. Newcrest is seeking a new boss, with previous chief executive Sandeep Biswas having stepped down […]
• Bitcoin, Ethereum and select altcoins set to resume rally despite February slump
• Adani Stock Rout Enters Third Week as Flagship Shelves Bond Sale
• Malaysia end-Jan palm oil stocks seen at 5-month low as output drops
  KUALA LUMPUR — Malaysia’s palm oil inventories at the end of January likely slipped to a five-month low, as exports and production both plummeted, a Reuters survey showed on Monday. Stockpiles declined 0.66% from December to 2.18 million tonnes, according to the median estimate of 11 planters, traders and analysts polled by Reuters. Production plunged […]
• Malaysia end-Jan palm oil stocks seen at 5-month low as output drops
  KUALA LUMPUR — Malaysia’s palm oil inventories at the end of January likely slipped to a five-month low, as exports and production both plummeted, a Reuters survey showed on Monday. Stockpiles declined 0.66% from December to 2.18 million tonnes, according to the median estimate of 11 planters, traders and analysts polled by Reuters. Production plunged […]
• South Korea, Australia central banks renew currency swap agreement
• Asian Stocks Fall on Fed Hike Prospects; Yen Drops: Markets Wrap
• U.S. fighter jet shoots down suspected Chinese spy balloon with missile
• Asian currencies dip on dollar strength, baht falls most in 16 years
  The Thai baht fell the most in a day in 16 years and headlined broad weakness for Asian currencies on Monday as the dollar extended its rally after a strong U.S. jobs report indicated the Federal Reserve could keep interest rates higher for longer. The baht weakened 1.6% against the U.S. currency to 33.48, on […]
• Soybeans inch lower on record Brazil output estimates
  SINGAPORE — Chicago soybean futures inched lower on Monday, weighed down by estimates of a record output in top exporter Brazil despite slow harvest progress due to heavy rains in key producing regions. Wheat edged higher after an agriculture consultancy cut its harvest forecast for top exporter Russia, while corn was largely unchanged. The most-active […]
• Netcracker Continues Commitment to Middle East Region with Participation at LEAP 2023 in Riyadh, Saudi Arabia
  Netcracker to Present Digital BSS Solution, Which Helps Operators Manage End-to-End Sales Engagements for SMB Customers WALTHAM, Mass. — Netcracker Technology announced today that as part of its ongoing commitment to key customers in the Middle East – including in Dubai, Oman, Saudi Arabia, Qatar and the United Arab Emirates – and investment in the […]
• Capital gains tax eats away at returns on India ETFs
  Foreign investors owning Indian stocks are subject to taxation of up to 15%
• What the world’s longest happiness study says about money
  NEW YORK — For generations, society has grappled with the question of whether money brings happiness. Now a new book has some answers – with the data to back it up. The easy answer, according to Robert Waldinger and Marc Schulz, authors of “The Good Life”: No, money will not buy you happiness. That’s according […]
• FBI seizes $100K in NFTs from scammer following ZachXBT investigation
• Major earthquake strikes Turkey, Syria; scores dead, many trapped
  DIYARBAKIR/ANKARA — A major earthquake of magnitude 7.9 struck central Turkey and northwest Syria on Monday, killing scores of people and injuring hundreds as buildings collapsed, and triggering searches across the snowy region for survivors trapped in rubble. The quake, which struck in the early darkness of a winter morning, was also felt in Cyprus […]
• China stocks fall as Sino-U.S. tensions rise
  SHANGHAI — China stocks fell on Monday as elevated Sino-U.S. geopolitical tensions dented investor sentiment in a decline tracking Asian shares lower after the latest U.S. jobs report renewed concerns of more rate hikes from the Federal Reserve. China’s CSI 300 Index lost 1.7% by the end of the morning session, while Hong Kong’s Hang […]
• The price of a high-end iPhone has increased 66% since 2009. Tim Cook says people are willing to pay more for 'the best.'
  When adjusting for inflation, Apple's most expensive iPhone in 2009 cost around $962. Today, the iPhone 14 Pro Max costs $1,599.
• North Korea party meeting set to discuss ‘urgent’ food issue
  SEOUL, South Korea (AP) — North Korea has scheduled a major political conference to discuss the “urgent task” of improving its agricultural sector, a possible sign of worsening food insecurity as the country’s economic isolation deepens amid a defiant nuclear weapons push. North Korea’s official Korean Central News Agency said Monday that members of the […]