Month: May 2023

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Gold Edges Lower, Copper Slides On Disappointing Chinese Data

Gold prices crept lower on Wednesday as markets awaited more cues on the raising of the U.S. debt ceiling, while copper prices slid after...

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Asian Stocks Dip, Chinese Shares Hit 5-Mth Low As U.S. Ties Worsen

Most Asian stocks retreated on Tuesday as optimism over a deal to raise the U.S. debt ceiling was offset by fears of worsening ties between...

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Asian Stocks Rise, Nikkei At 33-Year High On Debt Ceiling Optimism

Most Asian stocks rose on Monday as markets cheered a tentative deal between U.S. lawmakers to hike the debt ceiling and avert a default,...

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Economic Development In Asia Still Faces Many Challenges, China Minister Says

Economic and trade development in the Asia-Pacific still faces many disturbances and challenges, China’s commerce minister Wang Went...

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Japan outshines Asian Stocks On Tech Strength, Chinese Markets Lag

Japanese stocks moved back towards a 33-year high on Friday, outpacing their Asian peers amid increased optimism over chipmaking stocks,...

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Asian Stocks Drop Amid Default Fears, Nvidia Boosts Chipmaking Shares

Most Asian stocks fell on Thursday as fears of a U.S. debt default persisted amid little progress toward raising the debt ceiling, although...

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South Korea Asks US to Review China Rule For Chip Subsidies

South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip...

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Crypto verse: Busy Bitcoin Births New Breed of Crypto

Daily transactions have rocketed to an all-time high of 682,000 this month, according to data from Glasson, almost 40% higher than the...

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Australia wins U.S. Support For Critical Minerals Industry

Australia has won the backing of the United States for development of its critical minerals industry after the two countries reached an...

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Explainer-What India’s Decision to Scrap Its 2000-Rupee Note Means For its Economy

India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note,...

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