Latest: Asia Stock Market News
The lender said it earned over 36.3 billion yuan ($5.7 billion) last year. Meanwhile, its revenue grew 10.3% year-on-year to nearly 169.4 billion yuan
Analysts predict more turmoil ahead for global commodities markets after Russia’s Ukraine invasion with nickel trading still suspended on the London Metals Exchange
Asian battery makers for electric vehicles are shielded from a big, immediate hit from surging nickel prices for now, thanks to long-term contracts and a diversified supply chain, companies said.
German sportswear giant forecasts an increase in currency-neutral sales of 11-13% for 2022, including risk to its business in Russia and Ukraine, with China to see a modest sales increase
Mitsubishi and Mitsui have stakes in the massive Sakhalin-2 project, while Marubeni and Itochu have invested in Sakhalin-1 oil project, from which Exxon Mobil is now withdrawing
Nickel prices in China hit a record high on Wednesday with prices rising 17% to hit 267,700 yuan (about $42,400) a tonne, touching the ceiling for permitted daily gains
Spot thermal coal prices for the Newcastle Port benchmark have soared 35% over the past week to a record $353.75 a tonne, stoked by supply shortages
The Hong Kong carrier, like rivals in mainland China and South Korea, is continuing to use Russian airspace on flights to Europe, according to flight tracking website FlightRadar24
Approval comes in the wake of reports that the initial share sale was set to be delayed to next financial year due to market volatility stoked by the Ukraine crisis
Producer price index (PPI) increased 8.8% on year, the National Bureau of Statistics (NBS) said, easing from 9.1% growth in January and slightly higher than analysts expected
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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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