Jerome Powell speaks during a Bloomberg Television interview during the Jackson Hole economic symposium in Moran, Wyoming, U.S. David Paul Morris/Bloomberg Not since 1997 have central bankers gatherin...
Tag: Asia
Stock Market Today: Dow Futures Slip as Jackson Hole Speech From Fed’s Powell Looms
Text size Fed Chairman Jerome Powell’s speech scheduled for Friday has hung over markets all week. Drew Angerer/Getty Images Stocks were heading for losses Friday as a major catalyst loomed, wit...
From Russia’s Borders To The Middle East And Central Asia, Strategic Balances Are Shifting
The US has just bombed Iranian IRGC bases in Syria. Strategic power blocs are shifting tectonically and no one seems to have noticed. To do so you have to connect the dots of seemingly unrelated incid...
Asia’s Richest Man, Gautam Adani, Seeks Majority Stake In India’s NDTV
Gautam Adani speaks to the media in Ahmedabad on July 21, 2009. SAM PANTHAKY/AFP via Getty Images Adani Group has mounted a bid to take a majority interest in New Delhi Television (NDTV) as the conglo...
The Transition to Crypto Trade in Asia Underscores the Need for Regulatory Framework – crypto.news
The International Monetary Fund (IMF) stated that although digitalizing the payment system can help people shift to more environmentally friendly payment methods and promote financial inclusion, it ca...
Crypto traders in Asia might not be happiest to read this report
Asia became a hotbed for cryptocurrency adoption following the 2020 COVID-19 pandemic. In its latest report, the International Monetary Fund (IMF) found that the general cryptocurrency market and the ...
Correlation Between Performance of Equity Markets and Crypto Assets in Asia Increased: the IMF
The correlation between the performance of Asia’s equity markets and crypto assets has increased as investors from that region piled into crypto in recent years, according to a blog from the Int...
Natural Gas Prices Soar In Europe And Asia As Moscow Plots Closure Of Key Pipeline
Topline Natural gas prices in Europe and Asia have skyrocketed after Russia’s state-controlled Gazprom announced plans to temporarily close a key pipeline at the end of August for maintenance, deepeni...
Correlation growing between crypto and equity markets in Asia, says IMF
Before the COVID-19 pandemic in Asia there was a strong division between the crypto and financial markets in general. Now, that border has got thinner and the situation demands additional regulatory m...
Asia Hedge Funds Scoop Up Alibaba, Sea After Stock Rout
(Bloomberg) — Some of Asia’s biggest funds more than doubled their positions in Alibaba Group Holding Ltd. and Sea Ltd. in the second quarter after a yearlong rout. Most Read from Bloomberg The ...
Asia Niche Will Help East West Bank Weather U.S. Economic Downturn, CEO Dominic Ng Says
East West’s Chairman and CEO Dominic Ng. East West Bank East West Bank, today one of the largest American banks to service the U.S.-China business community, started out its life banking to Chin...
Less Than a Month to Go Before the Finance and Fintech Industry Meets at iFX EXPO Asia
The iFX EXPO Asia 2022 in Bangkok is set to be the largest financial B2B exhibition Impeccably organized by Ultimate Fintech, iFX EXPO gathers more traction with every edition. Held annually since 201...
Troubled crypto lender Hodlnaut files for creditor protection in Singapore
Embattled Asian crypto lender Hodlnaut, which halted client withdrawals last week, has filed for protection against creditors in Singapore as it works toward resolving its liquidity crisis. Announcing...
Zipmex gets over three-month moratorium extension to resolve its liquidity crisis
Troubled South Asian crypto exchange Zipmex, which abruptly halted client withdrawals last month and sought protection from creditors, has received just over three months to sort out its liquidity iss...
Asia Analysts Predict Biggest Profit Drop Since Pandemic Started
(Bloomberg) — Asian stocks just can’t catch a break. Fresh from being whipsawed by rising geopolitical tensions over Taiwan, they now face what’s forecast to be the worst earnings season since t...
Shiba Inu And BONE Becomes Top Trending Coins in Asia, USA, and Canada
– Advertisement – Shiba Inu and Bone are trending worldwide. CoinGecko data shows that two tokens of the Shiba Inu Ecosystem, Shiba Inu (SHIB) and Bone ShibaSwap (BONE), became the town’s ...
1inch plugs into Klaytn as Asia continues to climb aboard
South Korea’s most popular metaverse blockchain Klaytn is set to benefit from deeper liquidity and improved token swaps through a new partnership with decentralized finance (DeFi) protocol 1inch...
Singapore-based crypto exchange Bitget establishes $200 million protection fund
Singapore-based crypto exchange Bitget has launched a $200 million fund to protect its users’ assets. The Bitget Protection Fund was created to provide security and to ensure secure trading for...
iFX EXPO Asia 2022 to be Held in Bangkok for the First Time
Following a successful event in Limassol, Cyprus, iFX EXPO is back with its next edition, iFX EXPO Asia 2022! The largest B2B expo for the financial sector is scheduled for 13-15 September. While iFX ...
SoftBank Is Ready to Slash Its Massive Stake in Alibaba. Here’s Why.
Text size SoftBank’s Masayoshi Son was a major early investor in Alibaba. Koki Nagahama/Getty Images SoftBank is positioned to sharply sell down its stake in Chinese tech giant Alibaba through a...
KryptoSeoul Launches BUIDL Asia Week in Seoul
KryptoSeoul, the leading blockchain community building team in South Korea, is proud to kickstart BUIDL Asia Week (Seoul, 2022), a 2 week-long developer and community-focused set of conferences and ev...
Stock Market Today: Dow Futures Slip as Pelosi Goes to Taiwan, BP Stock Surges
Text size House Speaker Nancy Pelosi is set to arrive in Taiwan Tuesday. Chip Somodevilla/Getty Images Stocks were slipping Tuesday amid rising geopolitical tensions, as House Speaker Nancy Pelosi is ...
Europe dominates blockchain venture deals in Q2 as growth drops in Asia and the US
With venture funding for blockchain startups declining globally, crypto startup founders struggling to source funding might want to instead head to Europe, a region that’s bucking the trend. Glo...
UK Foreign Office criticized over North Korea crypto conference organizer’s detention in Saudi Arabia
The UK Foreign Office has come under criticism for its lack of action in getting North Korea cryptocurrency conference organizer Christopher Emms out of Saudi Arabia, where he has been stuck since Feb...
Taiwan Semiconductor Stock Will Benefit From Spending Spree
Taiwan Semiconductor Manufacturing is hedging its geographical bets, with large new fabs planned for the U.S. and Japan. Here: a TSMC chip at a 2020 semiconductor conference in China. Str/AFP/Getty Im...
Asia’s ‘Taper Tantrum 2.0’ Bears Chinese Fingerprints
Sri Lankans sit on empty Liquified Gas Cylinders (LPG) as they block a road to protest against shortage of fuel and cooking gas in Colombo on May 13, 2022. AFP via Getty Images China’s stumble is shin...
Prominent Eight-Day Hackathon in Asia, Ending Tomorrow
The eight-day hackathon has received a lot of appreciation and many participants joined in. The Hackathon event started alongside the biggest blockchain event in Asia—Singapore Blockchain Week. Howeve...
Warburg Pincus-Backed ESR Raises Over $1 Billion To Accelerate Data Center Expansion Across Asia Pacific
Network and internet communication technology concept, data center interior, server racks with … [+] telecommunication equipment in server room. getty ESR Cayman—which counts Warburg Pincus, Sin...
Intel to Help Make Chips for Taiwanese Designer MediaTek
Text size Intel will make chips for Taiwan-based MediaTek. Courtesy Intel Corporation Intel said Monday its technology would be used by Taiwan-based MediaTek to manufacture chips for smart devices....