Business

Australia economy picks up speed in Q4 but headwinds intensifying

Wednesday, March 4 by SRN News

By Stella Qiu SYDNEY, March 4 (Reuters) - Australia's economy grew at the fastest annual pace in almost three years in the December quarter, data showed on Wednesday, a pickup that reignited inflation and required a hike in interest rates to tamp demand down. The outlook,... Read More.

China’s factory activity shrinks, but private survey tops 5-year high

Wednesday, March 4 by SRN News

BEIJING, March 4 (Reuters) - China's manufacturing activity revealed mixed performances on Wednesday, with an official survey highlighting ongoing struggles for factory orders, while a private poll pointed to the sector's best business conditions in more than five years. The official purchasing managers' index (PMI)... Read More.

Blackstone’s $4 billion New World talks stall over control, Bloomberg News reports

Wednesday, March 4 by SRN News

March 4 (Reuters) - Talks between Blackstone and New World Development have stalled as the Cheng family resists giving up control of the Hong Kong property developer, Bloomberg News reported on Wednesday, citing people familiar with the matter. The New York-based private equity firm proposed... Read More.

China’s factory activity contracts for a second month

Wednesday, March 4 by SRN News

HONG KONG (AP) - China's factory activity shrank for a second month in February, though lower U.S. tariffs could bring about a small boost in the coming weeks. The official manufacturing purchasing managers index, or PMI, slipped to 49 from 49.3 in January, a four-month... Read More.

Asian shares extend losses, Kospi sinks 10%, as the war with Iran widens and oil surges higher

Wednesday, March 4 by SRN News

BANGKOK (AP) - Asian shares tumbled Wednesday, with South Korea's benchmark plunging as much as 11%, while oil prices climbed even higher. Worries over the widening war with Iran have hammered most world markets. Higher oil prices and how much they might worsen inflation... Read More.

The Media Line: Tel Aviv Stocks Surge as War With Iran Fuels Investor Optimism

Wednesday, March 4 by SRN News

Tel Aviv Stocks Surge as War With Iran Fuels Investor Optimism Economic expert, Professor Ilan Alon, tells TML: "In general, war isn't a good thing for the economy. ... But investors appear to believe that if Israel wins, uncertainty in the market will decline... Read More.

Dollar firms, euro under pressure as energy prices surge

Wednesday, March 4 by SRN News

By Gregor Stuart Hunter SINGAPORE, March 4 (Reuters) - The dollar rallied to a three-month high in early trading in Asia on Wednesday, with investors retreating from the euro as the growing conflict in the Middle East sparked fears of a sustained rise in energy... Read More.

Singapore bank DBS secures China bond underwriting licence

Wednesday, March 4 by SRN News

SINGAPORE, March 4 (Reuters) - DBS Group, Singapore's biggest bank by assets, said on Wednesday its China unit has been granted a principal underwriting licence for non-financial corporate bonds in China's interbank bond market. The licence from China's National Association of Financial Market Institutional Investors,... Read More.

Asia stocks slump as markets brace for energy shock

Wednesday, March 4 by SRN News

SINGAPORE, March 4 (Reuters) - Asian markets skidded on Wednesday, with investors cutting crowded positions in gold and chipmakers on worries a wider Mideast war could deliver an energy shock that raises inflation and delays rate cuts. Shares in Seoul dived 4% to take two-day... Read More.

China’s services sector growth races to 33-month high in February, survey shows

Wednesday, March 4 by SRN News

By Liangping Gao and Ryan Woo BEIJING, March 4 (Reuters) - China's services activity expanded at its fastest pace in 33 months in February, underpinned by firmer demand including a pickup in overseas orders, while rising costs pushed output prices to their highest in 21... Read More.

Current Weather

Australia economy picks up speed in Q4 but headwinds intensifying

China’s factory activity shrinks, but private survey tops 5-year high

Blackstone’s $4 billion New World talks stall over control, Bloomberg News reports

China’s factory activity contracts for a second month

Asian shares extend losses, Kospi sinks 10%, as the war with Iran widens and oil surges higher

The Media Line: Tel Aviv Stocks Surge as War With Iran Fuels Investor Optimism

Dollar firms, euro under pressure as energy prices surge

Singapore bank DBS secures China bond underwriting licence

Asia stocks slump as markets brace for energy shock

China’s services sector growth races to 33-month high in February, survey shows

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