Elmer Funke Kupper, CEO at ASX, says growth across the board lifted its annual profit. He also outlines the strengths of the stock operator in the initial public offering market.» Read More
Stocks in Japan and Australia fell Wednesday after a report showed the U.S. economy shrank by the most since 2001, underscoring sharply slowing global demand, while South Korean shares were boosted by steelmakers after BHP Billiton killed its bid for Rio Tinto.
Asian markets rose Tuesday and so-called safe haven assets such as bonds fell after the U.S. government rescued banking giant Citigroup to prevent further damage to the ailing global financial system.
Asian markets were mostly lower Monday, with bank stocks leading the drop, and so-called safe-haven assets like the yen gained as investors digested the latest news on U.S. measures to prop up Citigroup.
Asian markets experienced a large turnaround Friday, after hitting five-year lows in the morning session. Stocks bounced into the black on rumors that China would adjust interest rates as well as short covering.
Asian markets further weakened Wednesday while the yen rose, with risk-averse investors fretting about the deepening damage to corporate profits and consumer spending despite a late rally on Wall Street.
Asian markets fell like dominoes Thursday after U.S. stocks hit their lowest in more than five years. The rout was especially pronounced in Japan, where the Nikkei lost almost 7%.
Asian markets fell Tuesday after Citigroup cut 52,000 jobs in a dramatic move to save itself and downbeat policymaker comments reflected worsening economic conditions that will unlikely improve until well into 2009.
Asian markets wavered Monday as hopes for substantial global financial policy changes faded after a weekend meeting of world leaders failed to produce concrete measures, causing investors to continue to seek safety in U.S. dollars.
Asian shares rallied and oil held on to gains Friday as this week's sharp losses were seen as excessive even as signals continued to flash 'danger' for the global economy ahead of a G20 meeting this weekend..
Asian markets and commodities retreated Tuesday while the yen pushed higher as a souring economic outlook took some of the wind out of investor hopes sparked by China's stimulus plan.
Australian business conditions have taken a steep turn for the worse as confidence slumped to record lows in the eye of October's financial storm, and even a bold cut in official interest rates provided only cold comfort.
Shares in Asciano dived almost 60 percent on Tuesday on speculation Australia's top port and rail operator was planning to raise capital to pay down debt and fund growth.
Asian stocks and commodity prices climbed Monday after China unveiled a nearly $600 billion economic stimulus plan, one of many measures countries are undertaking to limit the economic fallout from the financial crisis.
Australia's government is to inject an extra $2.3 billion into the ailing car industry to offset tariff cuts and a global economic slowdown, Prime Minister Kevin Rudd said on Monday.
Australia's central bank lowered its forecasts for economic growth for the next two years, saying it would be reviewing interest rates in the months ahead with the aim of avoiding an even sharper slowdown in domestic demand.
Asian stocks closed mixed after a weaker open, as layoffs and corporate profit warnings piled up in the face of a rapidly slowing global economy. But South Korea's KOSPI rebounded after the country's central bank slashed interest rates by 25 basis points.
Asian stocks fell sharply with Japan losing 6.5% and South Korea down 7.5% Thursday as more evidence that the U.S. economy is shrinking made investors brace for a potentially deep and lasting global recession.
Asian shares hit a three-week high Wednesday and the U.S. dollar extended gains after Barack Obama became the next U.S. president, ending uncertainty about who will lead the world's largest economy in the midst of great financial peril.
The collapse of Australian investment firm Allco Finance Group could signal a wave of similar fates for those Australian companies that have relied on cheap debt for funding, analysts said.
Australia slashed interest rates Tuesday, presaging cuts expected in Europe later this week in the face of mounting evidence that the global financial crisis has already pushed much of the world into a damaging recession.