WORLD MARKET NEWS - Page 3

Asian shares mostly declined in cautious trading on Tuesday ahead of the Federal Reserve's looming decision on interest rates.

Asian shares weaker ahead of Federal Reserve interest rate decision

September 19, 2023 10:25 IST

The Fed is due to wrap up a two day meeting on Wednesday. Japan's central bank will meet Thursday-Friday as observers speculate that it might gradually begin to adjust its longstanding negative interest rate policy.

United Auto Workers strike at the Ford Michigan Assembly Plant in Wayne

US auto workers target Detroit Three with first simultaneous strike

September 15, 2023 16:58 IST

The strikes involving a combined 12,700 workers will take place at assembly plants operated by Ford in Wayne, Michigan, GM in Wentzville, Missouri and Stellantis' Jeep brand in Toledo, Ohio.

On Thursday, bitcoin fell 7.2% in its biggest one-day drop since November 2022 when top exchange FTX collapsed.

Bitcoin drops to new two-month low as world markets sell off

August 18, 2023 15:53 IST

Top cryptocurrency bitcoin hit a fresh two-month low on Friday, breaking out of its recent tight range as a wave of risk averse sentiment swept through world markets.

MSCI's broadest index of Asia-Pacific shares outside Japan slid to 495.03, its lowest since Nov. 29, before clawing back some of its losses to trade 0.49% lower at 500.43. The index down about 8% for August and set for its worst monthly performance since September.

Asian stocks hit 9-month lows on worries over China, US rates

August 17, 2023 11:30 IST

Asian shares sank to nine-month lows on Thursday, while the dollar was at a two-month peak as fears over China's sluggish economic recovery and concerns that the Federal Reserve may still raise interest rates rattled investors.

asian markets decline today chinese economy falters

Asia shares decline as faltering Chinese economy sets off global slideSubscriber Only

August 16, 2023 12:28 IST

Asian shares declined Wednesday amid worries over discouraging data on China, as well as over the future of the US economy.

Asia markets follows Wall Street lower after US data revive fears about rate hikeSubscriber Only

August 16, 2023 10:47 IST

Hong Kong's main market index plunged 2.3 per cent and Shanghai, Tokyo and Sydney also fell. Oil prices retreated.

A man takes photos of a board showing currency exchange rates of the Euro against the Russian rouble in Saint Petersburg

Rouble pares losses after slumping to 15-month low following aborted mutiny

June 26, 2023 16:20 IST

Mercenaries led by Yevgeny Prigozhin withdrew from the southern Russian city of Rostov-on-Don overnight on Saturday under a deal that halted their rapid advance on Moscow but left questions about President Vladimir Putin's grip on power.

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Asia shares fall as China’s modest rate cut disappoints

June 20, 2023 12:19 IST

China, in a highly anticipated move, cut its benchmark loan prime rates (LPR) for the first time in 10 months on Tuesday, although the 10-basis point reduction in the five-year LPR was smaller than many had expected.

Asian stocks follow Wall St lower as US, Chinese foreign ministers meetSubscriber Only

June 19, 2023 10:53 IST

Shanghai, Tokyo, Hong Kong and Seoul retreated. Sydney gained. Oil prices fell by almost USD 1.

Russian rouble slumps to over 14-month low vs dollar

June 13, 2023 15:26 IST

The rouble slid to its weakest in more than 14 months past 84 against the dollar on Tuesday as Russian markets reopened after a long weekend, hurt by lower oil prices.

Japan’s Nikkei closes above 33,000 for the first time in 33 years

June 13, 2023 12:58 IST

The Nikkei climbed for a third-straight session, adding 1.8% to 33,018.65, closing above the key psychological level for the first time since July 1990.

Asian shares mostly rise, lifted by bull market on Wall Street

June 9, 2023 12:43 IST

Japan's benchmark Nikkei 225 surged 1.8 per cent to 32,224.68. Australia's S and P/ASX 200 gained 0.4 per cent to 7,126.70.

Binance.US suspends USD deposits, pausing fiat withdrawal channels

June 9, 2023 09:46 IST

The US SEC take on cryptocurrency is "extremely aggressive and intimidating, Binance.US said in a tweet, adding that it has created challenges between the exchange and its banking partners.

Stock market today: Asian stocks follow Wall St up after strong US jobs reportSubscriber Only

June 5, 2023 14:01 IST

Government data Friday showed employers hired more people than expected in May, suggesting the economy is strong despite repeated rate increases to cool inflation.

Asian stocks surge as US averts default, Fed pause bets rise

June 2, 2023 12:12 IST

MSCI's broadest index of Asia-Pacific shares outside Japan surged 2% and was on course for its biggest one-day percentage gain since early January.

Global stocks rise on US debt ceiling deal but China drags

May 29, 2023 12:11 IST

After weeks of negotiations, congressional Republican McCarthy and Biden agreed on Saturday to avert an economically destabilising default by suspending the $31.4 trillion debt ceiling until 2025.