Category: Asia
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Asia Looks to Buy More US Fossil Fuels to Make Trump Happy
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Breadcrumb links BMN Business Asian fossil fuel buyers looking to appease incoming US President Donald Trump have reached the same conclusion: buy more US oil and gas. Article writer: Bloomberg News Sing Yi Ong and Steven Stabczynski Posted on January 19, 2025 • 3 minutes read You can save this…
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Asia Kicks Off New Year After Ominous End to 2024: Markets Wrap
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Breadcrumb links BMN Business Asian stocks are set to start the new year on a bad note after an inauspicious end to a brilliant 2024 for global equity investors. Article writer: Bloomberg News Jason Scott Published on January 1, 2025 • Last updated 42 minutes ago • 3 minutes read…
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Asia Kicks Off New Year After Ominous End to 2024: Markets Wrap
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Breadcrumb links BMN Business Asian stocks are set to start the new year on a bad note after an inauspicious end to a brilliant 2024 for global equity investors. Article writer: Bloomberg News Jason Scott Published on January 1, 2025 • Last updated 42 minutes ago • 3 minutes read…
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British Firm Opens Innovative Facility in Central Asia, Led by Ovik Mkrtchyan
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British company GOR Investment has announced the launch of an innovative production facility in Central Asia. The new plant, located in Uzbekistan, will produce nanopowder of high-purity molybdenum trioxide. One of the project initiators, Technano Innovation, led by businessman Ovik Mkrtchyan, believes the project has the potential to boost demand…
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Dubai Billionaire Plans to Build Data Centers Across Asia
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(Bloomberg) — Damac Group, backed by billionaire developer Hussain Sajwani, plans to invest about $3 billion to build data centers across Southeast Asia as the region becomes a hub for artificial intelligence and cloud services. Most read from Bloomberg Edgnex Data Centers, a unit of the Dubai-based group, expects to…
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Dubai Billionaire Plans to Build Data Centers Across Asia
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(Bloomberg) — Damac Group, backed by billionaire developer Hussain Sajwani, plans to invest about $3 billion to build data centers across Southeast Asia as the region becomes a hub for artificial intelligence and cloud services. Most read from Bloomberg Edgnex Data Centers, a unit of the Dubai-based group, expects to…
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Thailand, the ‘Detroit of Southeast Asia’, is at the forefront of China’s battle for the global auto market
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Narong Yuengtaporn, a retired civil servant in Bangkok, bought an electric car made by GAC Aion earlier this year. He is part of a growing number of Thai drivers who are buying electric cars sold by Chinese car companies but made in Thailand, a country that has become one of…
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Asia Tops Crypto Developer Share – Report
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A recent report revealed that North America is losing ground to other regions in a key sector. The continent, led by the United States, has been eliminated as the largest hub for cryptocurrency developers after recording a sharp decline in its developer share over the past decade. Asia leads cryptocurrency…
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Asia Tops Crypto Developer Share – Report
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A recent report revealed that North America is losing ground to other regions in a key sector. The continent, led by the United States, has been eliminated as the largest hub for cryptocurrency developers after recording a sharp decline in its developer share over the past decade. Asia leads cryptocurrency…
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Why More British Companies Should Explore Expansion into Southeast Asia
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In a rapidly evolving global market, British companies face increasing pressure to expand beyond the traditional markets of Europe and North America. One of the most promising regions for this expansion is Southeast Asia, a dynamic and rapidly growing part of the world. With increasing urbanization, a thriving middle class,…
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Why More British Companies Should Explore Expansion into Southeast Asia
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In a rapidly evolving global market, British companies face increasing pressure to expand beyond the traditional markets of Europe and North America. One of the most promising regions for this expansion is Southeast Asia, a dynamic and rapidly growing part of the world. With increasing urbanization, a thriving middle class,…
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Asia shares wobble; bitcoin rallies on ‘Trump trade’
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By Ray Wee SINGAPORE (Reuters) – Asian shares fell in and out of positive territory on Monday, pressured by weakness in Chinese shares, but bitcoin rose to a three-month high as “Trump trades” continued to rise. Gold hit another record high on conflict in the Middle East and a very…
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China’s GDP, Buyback Plans Fuel Asia Stock Gains: Markets Wrap
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(Bloomberg) — Asian stocks rose as investors digested better-than-expected Chinese economic data and details of an additional share buyback program from the Chinese central bank. Most read from Bloomberg Stocks in China and Hong Kong extended gains after the People’s Bank of China said it had established a re-lending mechanism…
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Asia FX weakens, dollar at over 2-mth high on bets of smaller rate cuts By Investing.com
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Investing.com — Most Asian currencies fell on Tuesday, while the dollar held steady at its highest level in more than two months amid continued bets that the Federal Reserve will cut interest rates at a slower pace. Comments made by Federal Reserve officials have reinforced this idea, especially after recent…
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Asia FX muted with focus on China stimulus; yuan weakens on soft inflation By Investing.com
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Investing.com — Most Asian currencies were marginally lower on Monday, as traders digested moderate signals from China on its fiscal stimulus plans, while the yuan fell after weaker-than-expected inflation data. The dollar rose slightly, with focus shifting to a slew of Federal Reserve spokesmen this week for further signals on…
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Asia stocks rise; China volatile amid fiscal stimulus talk, weak inflation By Investing.com
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Investing.com — Asian stocks were mostly higher on Monday, while Chinese markets recorded heavy volatility after Beijing gave somewhat mediocre signals on its plans to distribute fiscal stimulus, as inflation data from the country was disappointing. Asian trading volumes were somewhat slow due to the Japanese market holiday. Regional markets…
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Asia FX advances, dollar little enthused by hot CPI data By Investing.com
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Investing.com — Most Asian currencies rose slightly on Friday, while the dollar fell from two-month highs although hot consumer inflation data boosted bets on a smaller interest rate cut by the Federal Reserve. But most regional currencies suffered losses in recent sessions, as recent US data indicated that interest rates…
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Asia FX firms slightly, dollar steady as CPI data looms By Investing.com
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Investing.com — Most Asian currencies rose slightly on Thursday, recovering some of recent losses, while the dollar held near a seven-week high ahead of key consumer inflation data. Regional currencies suffered losses over the past week amid growing doubts about the pace of future interest rate cuts by the Federal…
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Asia FX muted with Fed, inflation cues on tap; Kiwi sinks on RBNZ cut By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Wednesday, while the dollar stabilized in anticipation of further signals from the Federal Reserve and US inflation on the path to interest rates. The New Zealand dollar lagged behind its peers, falling sharply after the Reserve Bank of New Zealand cut interest…