Latest: Asia Stock Market News
Adani said 70% of the $100 billion-plus his group will invest over the next decade will go to "energy transition", adding that they are already the world’s largest solar player
There was some minor respite following Monday’s currency turbulence, which saw a surging dollar and falling pound send a shockwave across trading floors
Over the past week, traders have seen the pound crash to an all-time low, intervention by Japan to prop up the yen for the first time in 24 years, and the euro plunge below dollar parity.
Chinese officials told fund managers and brokers recently to stabilise the market ahead of the Communist Party's five-yearly congress, which will be held in mid-October
Japanese authorities appear ready to respond to speculative currency moves – days after Tokyo spent an estimated $25 billion to defend the yen in the foreign exchange market.
Currency turmoil spooked traders across the region as the British pound dived and investors ran to the US dollar
IDFC First Bank says the rupee could hit 82.50 to the dollar by March as the dollar is likely to stay strong, while India's trade deficit is expected to widen
The PBOC said that on Wednesday it will raise the forex risk reserves for financial institutions when they buy forex through currency forwards to 20% from the current zero.
Carmaker is set to raise $800 million in its Hong Kong initial public offering, which will be the city's biggest IPO this year, although only half what it initially hoped to raise
Many analysts believe things are set to get worse as tighter monetary policy across the globe raises the risks of a worldwide recession
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Markets: The Big Picture
With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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MarketsIndian-Owned Tech Firms See Sharp Growth in UKDespite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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