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Market News
October 12, 2021
Won Drops Below Key 1,200 Per Dollar First Time Since July 2020
South Korea’s won dropped below the psychological barrier of 1,200 per dollar level for the first time in more than a year, as concerns over faster...
October 12, 2021
China Starts Inspection on Financial Regulators, State Banks
Chinese authorities are kicking off an inspection of the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for...
October 12, 2021
IMF Board Decides to Keep Georgieva as Chief After Data Scandal
Kristalina Georgieva will remain as head of the International Monetary Fund after the lender’s board reviewed accusations that she improperly...
October 12, 2021
Gold Steadies as Traders Weigh Elevated Inflation, Growth Risks
Gold steadied as investors weighed concerns over inflation, fueled by a surge in energy and metal prices that threatens to derail the economic...
October 12, 2021
Thai Baht Rallies After Quarantine Eased for Vaccinated Tourists
Thailand’s baht rallied the most since August as an easing in travel requirements for vaccinated visitors brightened the outlook for the...
October 12, 2021
Alibaba Scores 24% Winning Streak as Low Valuation Lures Buyers
Shares of Alibaba Group Holding Ltd. have made an impressive recovery over the past week, after a lower-than-expected fine for Meituan added to a...
October 12, 2021
Coal Hits Another Record in China as Floods Deepen Energy Crisis
Thermal coal futures surged to a record for a second day in China as another key mining region suffered flooding, complicating efforts to boost fuel...
October 12, 2021
Dollar Bond Interest Payments in Doubt Again: Evergrande Update
China Evergrande Group’s debt crisis shows no signs of easing, with some holders of its dollar bonds with payments due Monday saying they had yet...
October 12, 2021
Australia’s Rising Business Confidence ‘Reflects Hope Rather Than Reality’
Australian business confidence surged in September, driven by locked down eastern states on prospects of their economies reopening, while conditions...
October 12, 2021