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Asian stocks rose on Wednesday as global markets halted recent losing streaks and posted modest gains on the back of solid earnings reports and positive broker comments, while investors await the outcome of debt issuance in the euro zone.
Asian stock markets ended mixed on Tuesday as government debt burdens in Europe weighed on investor sentiment.
Asian stocks mostly traded to the downside on Monday, after a lackluster U.S. job report drove Wall Street lower Friday, but trading volume was light with Japan markets closed for a public holiday.
Asian markets ended mixed on Friday as investors stayed cautious ahead of the U.S. nonfarm payrolls report.
Japanese shares rallied on Thursday as investors snapped up shares of Japanese exporters after the dollar hit two-week highs against the yen, but markets elsewhere in Asia were more subdued ahead of the influential U.S. non-farm payrolls report.
Asian markets closed mixed on Wednesday following a broad commodities selloff but losses were limited as stronger-than expected U.S. factory data lent support.
Fixed income investment firms have found the global marketplace successful, specifically non-dollar bonds, as opposed to bonds in the United States, Jason Brady, head of fixed income at Thornburg Investment, told CNBC on Tuesday.
Japanese stocks led Asian equities higher on Tuesday, climbing to their highest since May, with investors betting the improving U.S. recovery may be reflected in jobs data later in the week.
In this new segment, one of the market's top traders gives us the country where the fastest money in the world is moving next.
South Korean shares stole the limelight on the first trading day of 2011 as the KOSPI rose nearly 1 percent to end at a record closing high. But volume was thin overall with many major markets closed for a public holiday.
Multicolored starbusts and gigantic sparklers lit the midnight sky over Sydney Harbor in a dazzling fireworks show witnessed by 1.5 million enthusiastic spectators who camped out all day to ring in the new year.
Can money buy happiness? We’ve all heard that money can’t by you love, now comes the news that once you reach a certain level, it can’t even buy you happiness.
It’s no accident that Austrian economics is newly popular. It provides the best explanation for the business cycle we just lived through.
North Korea showed a visiting American nuclear scientist earlier this month a vast new facility it secretly and rapidly built to enrich uranium, confronting the Obama administration with the prospect that the country is preparing to expand its nuclear arsenal or build a far more powerful type of atomic bomb, the New York Times reports.
What a difference a year makes. Twelve months ago Tiger Woods arrived in Melbourne for the Australian Masters in a blaze of glory. He was on track to becoming the sporting world's first billionaire and celebrated as one of the greatest golfers in history. He then went on to win the tournament by 2 shots, taking out his 71st PGA victory.
The Melbourne Cup may be known as the race that stops the nation, but with the big event expected to generate over A$700 million for the Australian economy, it could also be known as the race that's supports the nation.
American policy makers have long been confident, even during the darkest days of the current financial crisis, that the United States could avoid the fate of Japan and its two lost decades. But that has changed, reports the New York Times.
A Chinese scientific research center has built the fastest supercomputer ever made, replacing the United States as maker of the swiftest machine, and giving China bragging rights as a technology superpower. The New York Times reports.
Macquarie Group, the Australian bank, has shaken up its infrastructure investment business by cutting more than a 10th of its staff, curtailing the life of its latest European fund and granting investors a discount on fees.
With the announcement that the Singapore Stock Exchange plans to acquire its Australian counterpart, it is clear that Asia’s growing role as the financial center of the world is gaining strength.