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Asia-Pacific markets surge as most of region observes Lunar New Year holiday

Asia-Pacific markets surge as most of region observes Lunar New Year holiday

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CNBC Pro: These 6 Low-Debt Global Stocks Should Outperform, Bernstein Says Rising interest rates have major implications for highly indebted companies, as they are likely to face higher costs due to increased borrowing. As interest rates continue to rise, Bernstein analysts believe stocks with low debt exposure and higher quality debt should outperform. The investment …

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Egg shortage drives New Zealanders to buy their own chickens | CNN Business

Egg shortage drives New Zealanders to buy their own chickens | CNN Business

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hong kong CNN — The cost of eggs has skyrocketed around the world in the past year as bird flu decimated chicken herds and the fallout from the war between Russia and Ukraine have pushed up energy and feed prices. In the United States, egg prices far outpaced the increase in other groceries, climbing nearly …

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Genesis crypto lending unit files for bankruptcy in the US

Genesis crypto lending unit files for bankruptcy in the US

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Jan 20 (Reuters) – Crypto firm Genesis’s lending unit filed for U.S. bankruptcy protection against creditors on Thursday, overturned by a market rout with companies like exchange FTX and the BlockFi lender. Genesis Global Capital, one of the biggest crypto lenders, froze client redemptions on November 16 after FTX stunned the financial world with its …

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Asia-Pacific markets mixed as Japanese stocks see second day of losses

Asia-Pacific markets mixed as Japanese stocks see second day of losses

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Indonesia to ban bauxite exports from June 2023 India’s central bank chief warns next financial crisis will come from private cryptocurrencies The next financial crisis will come from private cryptocurrencies, India’s central bank governor Shaktikanta Das said on Wednesday. Speaking at the BFSI Insight Summit 2022 hosted by Business Standard, Das said he was a …

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Asia-Pacific markets mixed as Japanese stocks see second day of losses

Asia-Pacific markets mixed as Japanese stocks see second day of losses

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Indonesia to ban bauxite exports from June 2023 India’s central bank chief warns next financial crisis will come from private cryptocurrencies The next financial crisis will come from private cryptocurrencies, India’s central bank governor Shaktikanta Das said on Wednesday. Speaking at the BFSI Insight Summit 2022 hosted by Business Standard, Das said he was a …

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Nikkei 225 drops more than 2% after Bank of Japan widens yield target range, yen strengthens

Nikkei 225 drops more than 2% after Bank of Japan widens yield target range, yen strengthens

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S&P sees oil prices soar to $121 as China fully reopens Oil prices could also reach $121 in a full reopening of China, S&P predicted, adding that prices are expected to settle at $90 a barrel for 2023. Oil prices are likely to see “a sharp rise” from a full reopening of China to $121 …

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Hong Kong stocks fall 2% as investors anticipate Fed meeting and US inflation this week

Hong Kong stocks fall 2% as investors anticipate Fed meeting and US inflation this week

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Southeast Asian markets poised for ‘bungee jump’ in 2023, says JPMorgan Southeast Asian markets will follow a “bungee jump”-like trajectory next year – plunging before surging in the second half of 2023, JPMorgan wrote in a report. This will likely be characterized by a “sharp fall followed by a rapid rise in altitude (bear market …

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Hong Kong stocks briefly climb 2%; China releases inflation data in line with expectations

Hong Kong stocks briefly climb 2%; China releases inflation data in line with expectations

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Hong Kong movers: Real estate and tech stocks rise as optimism reopens CNBC Pro: Wall Street says a recession is coming. An investment pro names her favorite stocks to resist Wall Street pros are increasingly sounding the alarm about an impending recession. As economic growth slows and inflation stays high for longer, how should investors …

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New Zealand Achieves Biggest Rate Hike Ever; Asia-Pacific stocks mixed ahead of Fed minutes

New Zealand Achieves Biggest Rate Hike Ever; Inflation in Singapore fell in October

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UBS expects full reopening of China by Q3 2023 UBS Wealth Management expects a full reopening for China by the third quarter of next year due to a number of factors. “We think it takes time for the government to want to review public messaging because [some] the concerns of the Chinese public are very …

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New Zealand Achieves Biggest Rate Hike Ever; Asia-Pacific stocks mixed ahead of Fed minutes

New Zealand Achieves Biggest Rate Hike Ever; Asia-Pacific stocks mixed ahead of Fed minutes

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New Zealand dollar strengthens after biggest rate hike The New Zealand dollar strengthened to 0.6192 against the dollar after the central bank raised rates by 75 basis points, its biggest rise on record. The NZD last traded at 0.6170 against the dollar and the NZX 50 index in New Zealand fell 0.8%. The New Zealand …

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