Australia
Asia markets tumble after Fed’s cautionary outlook prompts Wall Street sell-off; BOJ keeps rate on hold
Japan ,Tokyo City skyline, Tokyo Tower. Prisma By Dukas | Universal Images Group | Getty Images Asia-Pacific stocks and currencies fell Thursday, amid a broader market sell-off after the U.S. Federal Reserve delivered its third consecutive rate reduction and signaled fewer rate cuts ahead. Investors assessed the Bank of Japan’s decision to keep its policy […]
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Asia markets open mixed following losses on Wall Street; Japan trade data in focus
Containers at a shipping terminal in Yokohama, Japan on Oct. 18, 2021. Japan’s trade deficit surged in September as imports overwhelmed export growth. Kiyoshi Ota | Bloomberg | Getty Images Asia-Pacific markets opened mixed on Wednesday, following losses on Wall Street that saw the Dow Jones Industrial Average tumble for a ninth straight day. Investors in Asia […]
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Facebook-parent Meta settles with Australia’s privacy watchdog over Cambridge Analytica lawsuit
In an aerial view, people gather in front of a sign posted at Meta headquarters in Menlo Park, California, July 7, 2023. Justin Sullivan | Getty Images Meta Platforms has agreed to a A$50 million settlement ($31.85 million), Australia’s privacy watchdog said on Tuesday, closing long-drawn, expensive legal proceedings for the Facebook parent over the Cambridge Analytica scandal. […]
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82-year-old billionaire CEO shares his advice for the younger generation: ‘Have a go, don’t stand around thinking about it’
Jack Cowin is the founder and chairman of Competitive Foods Australia, the company that operates Hungry Jack’s. Mark Evans | Getty Images Sport | Getty Images At 82, self-made billionaire Jack Cowin has a number of simple truths about life and business to share. “I didn’t come from [money] … I’m kind of self-made. I […]
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Asia markets mostly rise as central bank decisions take the spotlight
View of the headquarters of the Bank of Japan in Tokyo. Sopa Images | Lightrocket | Getty Images Asia-Pacific markets mostly climbed on Monday, with investors looking to several major central back decisions due this week including the Bank of Japan and the People’s Bank of China. The Federal Reserve’s decision on Dec. 18 stateside […]
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Asia markets fall as investors assess China’s stimulus vows after high-level economic meeting
A line of trucks parked outside a shipping terminal in Yokohama, Japan, on Monday, Dec. 4, 2023. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets fell Friday, mirroring moves on Wall Street that was weighed down by a hotter-than-expected producer price inflation reading. The producer price index, which measures wholesale inflation, climbed 0.4% for November, higher […]
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Asia markets open higher after Nasdaq hits record high on tame inflation data; Aussie jobless rate drops
Australia Matteo Colombo | Digitalvision | Getty Images Asia-Pacific opened higher Wednesday, following gains on Wall Street that saw the Nasdaq Composite surge to record highs after November’s inflation report met expectations. Traders in Asia assessed jobs data from Australia, which showed the country’s unemployment rate dropped to 3.9% in November from 4.1% the month prior. A […]
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Indian outbound travel will be ‘the story’ of the next decade, says Hilton executive
Indian travelers spent $34.2 billion on outbound travel in 2023, according to the World Travel & Tourism Council. But the current level of Indian travel is “minuscule” compared with what’s to come, Alan Watts, Hilton’s Asia-Pacific president, told “Squawk Box Asia” Monday. “The story for India is before us,” he said. “India outbound will be […]
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Asia-Pacific markets open mostly higher as investors await key policy meeting in China
BEIJING, CHINA – SEPTEMBER 04: Buildings and vehicles are seen in the central business district during the rush hour on September 4, 2020 in Beijing, China. Zhang Qiao | Visual China Group | Getty Images Asia-Pacific markets opened mostly higher Wednesday, breaking ranks with major Wall Street benchmarks that declined ahead of key inflation data […]
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Australia’s central bank ends 2024 with a dovish pivot, jolting markets
People walk past the Reserve Bank of Australia building in the central business district of Sydney on July 4, 2017. Saeed Khan | AFP | Getty Images Australia’s central bank held interest rates steady at its last meeting of the year but softened its hawkish tone by noting the board is gaining “some confidence” that […]
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