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(Bloomberg) — Alibaba Group Holding Ltd. Chairman Joe Tsai said Asian companies can look to inter-Asia opportunities and the European market for growth as tensions between Washington and Beijing persist. Tsai also implicitly criticized the administration of US President Donald Trump’s trade war during a tech conference in Macau on Saturday, saying “some governments try…
New Delhi [India], May 24 (ANI): Asian currencies are likely to appreciate against the US dollar in the long term, according to a recent report by Jefferies. The report highlighted that the gross national savings in emerging Asian countries are significantly higher than those in developed G7 nations, giving Asian economies a strong foundation for…
MUMBAI (Reuters) – The Indian rupee closed nearly flat on Wednesday, trailing behind its Asian peers as the impact of a weaker U.S. dollar was blunted by strong demand for the greenback from foreign banks, likely on behalf of custodial clients. The rupee closed at 85.6375 per dollar, compared to its previous close at 85.6350….
Asian Paints Ltd is caught in a double whammy of weak demand and increased competition from new and existing companies. This severely hurt the paint maker’s crucial decorative paints business and FY25 ended up being one of its worst years in a long time. Consolidated net profit after minority interest at ₹3,667 crore in FY25…
Q4 results today: As the earnings season continues, several companies have already announced their financial results for the quarter and year ended on March 31, 2025. Major conglomerates such as Reliance Industries, Adani Enterprises, tech giants including Infosys, Tata Consultancy Services, Wipro, HCL Tech and leading banks like the State Bank of India, HDFC Bank,…
Stocks to buy: Crude oil prices have been on a slippery slope for most of 2025, shedding almost 20% on a year-to-date (YTD) basis, with Brent crude prices briefly slipping below the $60/barrel mark on Monday. While the crude oil prices rebounded to $61 level today, May 6, they have tumbled almost 10% over the…
New York, Apr 29 (AP) Asian shares were mostly higher on Tuesday after U.S. stocks drifted to a mixed, quiet finish ahead of a busy week of corporate earnings and economic data that could bring more bouts of volatility. US futures edged higher and oil prices fell. Tokyo’s markets were closed for a holiday. Hong…
(Bloomberg) — The global trade war is providing a boon for Asian consumer stocks, as investors take shelter in companies that cater to local buyers’ essential needs. Strategists at Goldman Sachs Group Inc. and Morgan Stanley recommended Asian consumer staples in reports released after the April 2 tariff barrage, urging investors to turn defensive. Fidelity…
Asian stocks were poised for a cautious start on Friday, following a weekly decline in U.S. equities driven by disappointment over Jerome Powell’s resistance to the notion of the Federal Reserve backing the markets. Futures for Japan’s equity index suggested modest gains at the open, with Nikkei 225 gained 146 points to 34,523.67, whereas Hong…
Stock market news: The Indian stock exchanges are shut today in honor of Dr. B.R. Ambedkar Jayanti. The Indian equity markets concluded the previous week with gains following a week that started off quite volatile. The week opened with a significant sell-off on Monday as global markets reacted unfavourably to the US government’s announcement of…