U.S. markets on Monday shook off early jitters following a terror incident to end higher ahead of Asia’s Tuesday trading day. The Dow Jones industrial average rose 0.23 percent, or 56.87 points, to finish at a record close of 24,386.03, the S&P 500 edged up 0.32 percent to end at 2,659.99 and the Nasdaq composite […]
Read moreBitcoin’s runaway rally could accelerate next year as the cryptocurrency continues to gain wider acceptance, a trader said Monday. “I wouldn’t be surprised to see a six figure headline,” said Dave Chapman, Managing Director of cryptocurrency trading firm Octagon Strategy, who sees the price of bitcoin exceeding $100,000 before the end of 2018. The digital […]
Read moreChina’s EHang, which is developing a passenger drone, claims it will become profitable within the next two years, its co-founder told CNBC. EHang drew worldwide attention last year at the Consumer Electronics Show in Las Vegas, where it showcased a drone that has the capacity to carry a human passenger over short-to-medium distances. The electricity-powered […]
Read moreNew Zealand’s government on Monday named pension fund chief Adrian Orr as the new governor of the nation’s central bank, triggering a rally in the local dollar as markets prepared for changes to the monetary policy mandate. Orr will take up the role at the Reserve Bank of New Zealand (RBNZ) on March 27, Finance […]
Read moreJapanese instant noodle maker Nissin Foods is unfazed by the shift in China’s consumption patterns towards healthier eating as it eyes a bigger share of one of the world’s largest consumer markets. The company plans to dominate the tough Chinese market by focusing on the premium segment, its chairman, chief executive and executive director, Kiyotaka […]
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It’s an 80-square-foot kitchen that barely holds three people at a time, but Jasmina has made thousands of meals, many of them aromatic Rohingya curries, there over the last year. The cooking is a sorely needed source of income, about 2,000 Malaysian ringgit ($490) each month, for the 43-year-old mother of eight, as she is […]
Read moreMalaysia is ready to send military forces to Jerusalem in response to President Donald Trump’s recognition of the city as Israel’s capital, the Southeast Asian country’s defense minister said over the weekend. “We are ready for any orders from the Commander-in-Chief of the Armed Forces … should our services be needed,” Malaysian Defense Minister Hishammuddin […]
Read moreSouth Korea’s Samsung Heavy Industries named Joonou Nam as its new chief executive officer on Monday after Park Dae-young resigned to take responsibility for the firm’s losses. Nam previously oversaw Samsung Heavy’s shipyard in Geoje, South Korea. The shipbuilder last Wednesday forecast a fourth straight year of operating losses and announced a rights issue to […]
Read morePrices of natural rubber, used in everything from condoms to automobile tires, are languishing near record lows and causing headaches for farmers. The commodity is a staple in industrial supply chains but prices, which are determined primarily by the Shanghai Futures Exchange, have been volatile in recent years. After hitting rock bottom in early 2016 […]
Read moreAsia markets were to set open on a positive note on Monday, following a positive finish in the U.S. last Friday after the release of a stronger-than-expected jobs report. Australia’s SPI futures traded at 6,024, which was a touch higher than the ASX 200’s last close at 5,994.4. Nikkei futures in Chicago traded at 22,900 […]
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