Asia News
Ice cream freezers to get ‘warmed up’ in trial by Ben & Jerry’s owner
According to Unilever, the industry standard for freezer temperatures in many markets stands at minus 18 degrees Celsius (around 0 degrees Fahrenheit). The temperature of freezers in the trials will be minus 12 degrees Celsius. Chris Ratcliffe | Bloomberg | Getty Images Unilever — which owns brands including Ben & Jerry’s, Magnum and Wall’s — […]
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U.S. regulators are in China for audit deal talks: Reuters, citing sources
The U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. U.S. regulatory officials have arrived in Beijing seeking to settle a long-running dispute over the auditing compliance of U.S.-listed Chinese firms, three people familiar with the matter told Reuters. Al Drago | Bloomberg | Getty Images U.S. regulatory officials […]
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Hong Kong’s Hang Seng index drops more than 3% following Wall Street tumble
SINGAPORE — Shares in Asia-Pacific largely declined in Friday morning trade after an overnight drop on Wall Street sent the Dow Jones Industrial Average to its worst day since 2020. Hong Kong’s Hang Seng index led losses regionally as it fell 3.27%. In mainland China, the Shanghai Composite slipped 1.56% while the Shenzhen Component shed […]
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Hong Kong’s Hang Seng rises nearly 2%, mainland China stocks mixed on return from holidays
It was the push back on a 75bp hike from the US Fed Chair Powell that set the market rally in motion. Lavanya Venkateswaran economist, Mizuho Bank The S&P/ASX 200 in Australia climbed 0.64%, while MSCI’s broadest index of Asia-Pacific shares outside Japan traded 1.35% higher. Markets in Japan and South Korea are closed on […]
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Australia stocks set for higher start as investors look ahead to Fed rate decision
SINGAPORE — Shares in Australia looked set for a higher start on Wednesday, with investors looking ahead to the U.S. Federal Reserve’s interest rate decision expected later stateside. Futures pointed to a higher open for Australian stocks. The SPI futures contract was at 7,328, against the S&P/ASX 200’s last close at 7,316.20. Markets in Japan […]
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Australian markets set to fall ahead of closely watched interest rate decision
SINGAPORE — Stocks in Australia were poised to fall Tuesday ahead of a rate decision by the country’s central bank. Futures pointed to a lower open for Australian stocks. The SPI futures contract was at 7,299, as compared to the S&P/ASX 200’s last close at 7,347. Economic data in the day ahead includes Australia’s interest […]
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Asia-Pacific stocks mixed as data show Chinese factory activity contracted in April
SINGAPORE — Shares in Asia-Pacific were mixed in Monday morning trade, with data released over the weekend showing Chinese factory activity contracted in April. In Japan, the Nikkei 225 climbed about 0.1% in early trade while the Topix index gained 0.13%. South Korea’s Kospi shed 0.83%. Australia stocks declined, with the S&P/ASX 200 dipping 0.16%. […]
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Facing election, Australian prime minister decries China’s interference
With most polls showing Australia Prime Minister Scott Morrison’s conservative coalition headed for a loss in the May 21 election, it has sought to highlight its national security credentials. Str | AFP | Getty Images Australia’s prime minister accused China on Saturday of “form,” or a record, on interference in foreign politics, after his home […]
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South Africa seeing another Covid surge, this time from new omicron subvariant
A health worker administers a Covid-19 vaccine to a student during a rural vaccination drive in Mpumalanga, South Africa. A new omicron subvariant in the country that scientists call BA.4 started pushing up cases in April, Salim Abdool Karim, who previously advised the government on its Covid-19 response, told the Associated Press. Bloomberg | Getty […]
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China factory activity contracts in April at steeper pace as lockdowns bite
Employees working on the production line of carbon fiber badminton rackets at a factory in Sihong County, Suqian City, Jiangsu Province of China. China reported Saturday that factory activity in April contracted at a steeper pace as Covid-19 lockdowns halted industrial production and disrupted supply chains. Visual China Group | Getty Images China’s factory activity […]
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