Australia
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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Asia-Pacific markets set to open higher as investors await Australia rate decision
The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022. Steven Saphore | Anadolu Agency | Getty Images Asia-Pacific markets were set to open mostly higher Tuesday, following losses on Wall Street that saw the S&P 500 and Nasdaq Composite pull back from record highs ahead […]
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Asia-Pacific markets open mixed as investors assess Japan’s revised GDP, await China inflation data
Tokyo, Japan skyline with the Tokyo Tower Chunyip Wong | E+ | Getty Images Asia-Pacific markets opened mixed Monday as traders assessed revised economic growth data from Japan and awaited China’s November inflation data. Japan’s Nikkei 225 opened 0.5% higher, while the Topix gained 0.4%. Japan’s third-quarter GDP was revised to 0.3% on a quarter-on-quarter […]
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He bought a KFC store in Australia for $100,000 in 1969. Today, his fast food company is worth over $3 billion
Jack Cowin, founder and chariman of Competitive Foods Australia. Courtesy of Jack Cowin As a kid, Jack Cowin shoveled snow, delivered newspapers and sold Christmas cards for cash. By the time he reached his 20s, it was burgers instead of cards. Fast forward to today: The 82-year-old is a billionaire, thanks to his fast food […]
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Asia markets mostly lower as investors assess Japan spending data; India rate decision in focus
A market in Tokyo in June 2023. Richard A. Brooks | Afp | Getty Images Asia-Pacific markets open mostly lower Friday after Wall Street saw the Dow Jones Industrial Average drop more than 200 points and S&P 500 retreat from a record high. Traders in Asia assessed household spending data out of Japan. Spending grew 2.9% in […]
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Asia-Pacific markets set to open mixed after key Wall Street benchmarks hit record highs
Commercial and residential buildings are illuminated at dawn in Seoul, South Korea, on Saturday, Oct. 21, 2023. South Korea has prepared a financial support program of 75.9 trillion won ($56.97 billion) for companies increasing investment in key sectors as well as small businesses struggling with the impact of high interest rates. Bloomberg | Bloomberg | Getty […]
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