Asian equities fell on Friday as investors locked in gains from this year’s technology rally and shifted into more defensive positions ahead of the weekend, with Middle East tensions and stalled US-Iran talks adding to the cautious tone.MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.6% in early trading.The…
Hong Kong-listed financial stocks fell on Friday after reports of tighter scrutiny on mainland Chinese clients seeking to open offshore accounts raised concerns over cross-border money flows and fee income for the city’s banks and insurers.Shares of AIA Group, HSBC Holdings, Standard Chartered and Bank of East Asia declined at…
Nvidia Chief Executive Officer Jensen Huang said robotics could become the next major sector in South Korea, a brief but closely watched remark that points to the chipmaker’s expanding focus beyond data centres and into AI-powered machines.Huang made the comment to reporters on Friday after arriving at Gimpo airport near…
The South Korean won continued its strong downward trend, reaching its lowest level since 2009, despite the ongoing Kospi Index surge. The USD/KRW exchange rate surged to 1,550, up sharply from the year-to-date low of 1,420. South Korean won, and the Kospi divergence continuesThe South Korean won and the country’s stock…
India has announced a series of measures aimed at attracting higher dollar inflows as the rupee remains under pressure from rising crude oil prices and significant outflows from domestic equity markets.The steps, unveiled by the Reserve Bank of India (RBI), are designed to encourage foreign investment, support government borrowing programmes,…
Lloyds Bank (LON: LLOY) share price has moved sideways this year as concerns about its growth and the British economy have remained. It was trading at 100.50p on Friday, inside the range it has remained at in the past few months. So, is it a good stock to buy for…
China’s state-backed media organisation Xinhuanet plans to invest more than 1.1 billion yuan ($162.38 million) in an artificial intelligence project designed to support the study and dissemination of President Xi Jinping’s political ideology, according to filings with the Shanghai Stock Exchange.The project, called Xinhua Yudian, or Xinhua Lexicon, is described…
The London Stock Exchange (LSEG) share price has pulled back in the past few weeks, moving from the April high of 10,120p to the current 9,162p. This retreat will likely be brief as the company’s fundamentals are still strong and it has slowly formed the bullish inverted head-and-shoulders pattern.London Stock…
Growing up in South Florida, Jozy Altidore heard a lot of Spanish playing soccer with local kids and at home from his Dominican grandmother. As a teenager, he went to play for Villarreal, in the Castellón part of Spain, an area that isn’t that touristy. His coach and teammates mostly…
The Trump administration has proposed new tariffs of up to 12.5% on imports from 60 economies after determining they had failed to curb trade in goods made with forced labor, an assertion that was rejected by its trading partners. The proposal from the U.S. Trade Representative’s office, issued late on…