Oil prices reach four-month high on supply disruptions and economic growth signs
In a surprising turn of events, oil prices surged approximately 2% to reach a four-month high on Monday, driven by a combination of factors including [more…]
Category: China
Crude oil prices dip despite China’s growth plans and OPEC+ cuts
In a twist of market dynamics, crude oil futures experienced a slight downturn for the second consecutive day on Tuesday. Despite China’s optimistic pledge to [more…]
South Korea’s exports surge for fifth straight month, fueled by chip shipments
South Korea’s exports continued their upward trend in February, marking the fifth consecutive month of growth. The country’s outbound shipments totaled US$52.4 billion, a 4.8 [more…]
Bitcoin and Ether soar in February surge, setting stage for halving-driven rally
Cryptocurrency prices surged on Thursday as bitcoin and ether headed for a successful month, reflecting renewed investor interest and market optimism. According to Coin Metrics, [more…]
CLP Holdings reports strong profit growth in 2023, falls short of market expectations
CLP Holdings, the leading power utility in Hong Kong with significant operations in Australia and India, announced a remarkable sevenfold increase in profits for 2023. [more…]
Malaysia’s Ringgit hits lowest level since Asian financial crisis
Malaysia’s ringgit took a bit of a tumble on Tuesday, hitting its lowest level since the Asian financial crisis. The currency’s not having the best [more…]
Mexico surpasses China as top source of U.S. imports for first time in over two decades
The winds of trade are shifting, as Mexico emerges as the United States’ leading source of imported goods, surpassing China for the first time in [more…]
Hermès sets new price heights
Luxury fashion house Hermès has announced its plans to further increase prices after its stellar performance outpaced its competitors in the luxury goods sector at [more…]
Stocks rally in Hong Kong and mainland China amid market intervention and regulatory measures
Stocks in Hong Kong and mainland China soared on Tuesday, with Hong Kong’s Hang Seng Index recording its biggest gain in six months and mainland [more…]
China’s regulator announces measures to support property market amid economic concerns
China’s financial regulator, the National Administration of Financial Regulation, has announced a series of measures aimed at bolstering the country’s property market and addressing concerns [more…]