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Falling rupee a double-edged sword for India, warn analysts

India’s rupee hit fresh record lows yesterday amid warnings that benefits to exporters from a weaker currency would be offset by the higher price paid by Asia’s third-largest economy for oil.  The rupee slid to 70.38 to the dollar just two days after crossing 70 for the first time as […]

Turkish lira hits new record low after last session’s free fall

The Turkish lira touched a new record low in early Asian trade after its free fall in the previous session. Today, the lira last traded down by around 9 percent against the greenback at around 6.9915 at 11:05 a.m. HK/SIN. It had earlier dropped to a fresh all-time low of 7.24, before […]

Markets in Asia mostly higher after Wall Street gains on earnings; China slips

Asian stocks were a mixed picture today, with most major markets tracking higher following Wall Street’s gains on strong earnings. Japan’s Nikkei 225 edged up by 0.41 percent in morning trade, with the sea transport subindex trading higher by 1.72 percent and leading the morning’s gains. Oil and coal products, telecommunications and […]

Dollar edges down as rally fades, China’s yuan holds firm

The U.S. dollar inched lower against a basket of currencies today as its recent rally on concerns over escalating trade tensions showed signs of fading, while the offshore yuan held firm near a one-week high. The dollar was a touch lower even after the U.S. Trade Representative’s office said late […]

As Warren Buffet’s cash hits $111 billion, buyback debate intensifies

Warren Buffett’s Berkshire Hathaway Inc recently gave him more leeway to make stock buybacks. Now, after the company announced this weekend that its cash pile has swelled to $111 billion, some investors are wondering when they might reap the benefits.  The strength of the quarterly performance could even make the […]

Asian stocks mixed as recent trade uncertainty hangs in the air

Asian stocks were mixed today as U.S.-China trade jitters weighed on sentiment — after Beijing threatened retaliation last week — despite gains seen on Wall Street overnight. Japanese shares edged higher, with the benchmark Nikkei 225adding 0.31 percent as the telecommunications sector gained 1.8 percent to lead gains in the morning. […]

UK regulator confirms Disney must offer at least 14 pounds/share for Sky

Britain’s takeover regulator said that a review had confirmed its ruling that Walt Disney might have to offer at least 14 pounds a share to buy UK pay-television group Sky.  Disney would only be forced to make such an offer if it completes a deal to buy Twenty-First Century Fox’s […]

Asian shares gain despite China’s newest tariff threat against the US

Asian shares advanced today despite trade returning to the fore after another set of tariffs on U.S. goods were announced by China as investors digested the People’s Bank of China’s move to stabilize the yuan. The Nikkei 225 edged up by 0.14 percent in the early going, with utilities edging higher in […]

Asian shares cautious amid elevated US-China trade tensions

Asian stocks traded mixed today, with several regional markets attempting to recover after sliding on trade jitters in the last session. The mixed picture also came on the back of tech-led gains seen stateside as Apple became the first publicly traded U.S. company to hit a market cap of $1 trillion. […]

Asia markets lower amid renewed US-China trade concerns

Asia markets fell today following an overnight mixed session in the U.S. as renewed trade concerns offset strong gains in tech.  In Australia, the benchmark ASX 200 declined 0.24 percent as the materials subindex fell 1.29 percent. Major mining names declined, with shares of Rio Tinto lower by 3.61 percent, Fortescue Metals down 0.69 percent and BHP lost […]