Japanese stocks sank deeper into the red on Friday, with the Topix index tumbling into a technical correction as it led Asian equities lower for a second day. Investors continued to bail out of riskier assets that will be hurt by US tariffs, with a rally in government bonds sending yields sharply lower and traders
Gold started the week with a fresh record high, ahead of U.S. President Donald Trump’s expected latest tariff barrage that’s heightened concerns of a global trade war. Bullion gained as much as 0.9% to top $3,115 an ounce, beating the previous all-time high set on Friday when it recorded a fourth weekly gain, with prices
World share markets were in a tailspin on Monday after Donald Trump said tariffs would essentially cover all countries, stoking worries a global trade war could lead to recession. Trump’s comments to reporters on Air Force One yesterday seemed to dash hopes the levies would be more limited. The U.S. President is due to receive
Donald Trump is considering an extraordinary 20 percent global tariff on all imports, sparking fears of recession and a market bloodbath around the world. Asia-Pacific markets plunged on Monday, with others expected to follow ahead of Trump’s ‘Liberation Day’ on April 2. He spent his election campaign and his first three months in the White House touting
TEMPO.CO, Jakarta – Indonesian state-owned lender Bank Mandiri has issued a global bond, also known as an international bond, totaling US$800 million. This issuance is part of Bank Mandiri’s US$4 billion Euro Medium Term Note program. Eka Fitria, Director of Treasury and International Banking at Bank Mandiri, stated that this transaction represents the largest US dollar-denominated
Gold rose to a record high above $3,028 an ounce as an escalation in Middle East tensions underscored its haven appeal, and investors weighed data that fueled concern the US economy is slowing down. Bullion climbed as much as 0.9 per cent as Israel launched military strikes on Hamas targets in Gaza, a move that
Wayne Lam, analyst director of mining research at TD Securities, shares his hot picks on gold miners. Bank of America Corp., Citigroup Inc. and Macquarie Group Ltd. have been vocal cheerleaders for gold during a breakneck rally that has taken prices to record highs above US$3,000 an ounce. With anxiety about the global economy growing,
CLN KraneShares Week in Review Asian equities were mixed but mostly higher for the week as Hong Kong’s Hang Seng Tech Index was the region’s top-performing benchmark, up +8.43%, followed by Indonesia, while Australia and Korea underperformed. China’s National People’s Congress, also known as the “Two Sessions,” kicked off this week. Leaders from five separate
The US Federal Bureau of Investigation has confirmed that North Korean hackers were behind what US media are calling the biggest crypto theft on record. The FBI made the announcement on Wednesday. Last Friday, the Dubai-based cryptocurrency exchange Bybit said that it had digital assets worth about 1.5 billion dollars stolen in a cyberattack. The
Trina Solar said the two defendants had “jointly manufactured, licensed and sold PV modules and other products falling within the scope of protection of the first patent and the second patent”. It has asked the court to prohibit them from manufacturing cells and modules in this manner and “destroy the entire inventory” of the products