Tag Archives: Asian

(Bloomberg) — Gold extended its slump, and silver tumbled, after a stronger-than-expected U.S. jobs report fueled bets that the Federal Reserve may start paring back its massive monetary stimulus soon. Spot bullion fell more than 4% and silver slumped as much as 7% as the selloff following Friday’s employment figures initially accelerated at the start of Asian trading. Dallas Fed President Robert Kaplan said the central bank should start tapering its asset purchases sooner rather than… Source link

(Bloomberg) — Asian stocks started the week higher after their U.S. peers chalked fresh records and Treasury yields stabilized after jumping Friday. Shares in Japan outperformed and Hong Kong opened higher. China rose after the central bank cut the amount of cash most banks must hold in reserve to buttress a slowing economic expansion. Australia saw a more modest advance amid a prolonged lockdown in the largest city, Sydney. U.S. contracts fluctuated. The S&P 500 finished last week at… Source link

Nonito Donaire spoke out against anti-Asian hate after his fourth round KO of Nordine Oubaali at Dignity Health Sports Park on May 29, 2021, in Carson, California. (Photo by Katelyn Mulcahy/Getty Images) Nearly 14 years after the first time he knocked out an unbeaten world champion, Nonito Donaire did it again on Saturday at the Dignity Health Sports Park in Carson, California. In addition to becoming the WBC bantamweight champion, Donaire become sort of a philosopher after his fourth-round… Source link

Topline Some of the world’s most influential business leaders and corporations on Monday launched an ambitious philanthropic initiative aimed at supporting Asian-Americans and Pacific Islanders as they tackle mounting attacks and harassment.  Billionaire Joseph “Joe” Tsai, co-vice chairman of Alibaba Group Holding Ltd., center, speaks with … [+] attendees during the Asia Global Dialogue conference in Hong Kong, China, on Wednesday, Nov. 22, 2017. © 2017 Bloomberg Finance… Source link

TOKYO — Popular chat app Line will expand in Asia by tailoring the platform to the demands of each market, the joint chief executives of the newly merged parent company told Nikkei in an interview Tuesday, making local hires and acquisitions in order to achieve this. Z Holdings, the SoftBank Group unit that operates Yahoo Japan, completed its consolidation with Line on Monday, announcing plans to invest 500 billion yen ($4.7 billion) over five years to upgrade online services. “The merger… Source link

TipRanks Raymond James: These 3 Stocks Are Poised to Surge by Over 80% We’re a little over one week past the Presidential election, and the market reaction shows that that investors are pleased. While the election margins were razor thin, the will of the voters came through: they rejected Donald Trump, and his brash, in-your-face style, but they also rejected the Democratic Party on policy; the Dems lost seats in the House, will likely not take control of the Senate, and also lost ground at… Source link

(Bloomberg) — Fabricated documents, suspicious transactions and $192 million in the hole. That’s the predicament two banks claim they’ve found themselves in after funding crude oil deals in the midst of Singapore’s commodities trading meltdown. The troubled transactions, outlined in court documents, offer the clearest look yet at some of the deals at the heart of a web of scandals in the Asian energy-trading hub that have already caused more than $9 billion in potential losses for… Source link