Indian energy minister warns of ‘organized chaos’ if oil tops $100 per barrel
While Hardeep Singh Puri was confident that India could navigate higher prices, he warned that other nations may not be able to do so.
Philippines looking into ramming incident in South China Sea
Three Filipino fishermen died after their fishing boat was rammed by an unidentified foreign commercial vessel while moored in the South China Sea, the Philippine Coast Guard (PCG) said on Wednesday.
TikTok halts e-commerce service in Indonesia following ban
This comes after Indonesia imposed a one-week deadline for TikTok to become a standalone app.
Ripple obtains full license to operate in Singapore as it expands in Asia-Pacific
Ripple said on Wednesday that it has obtained a full license to operate in Singapore, a strategic step toward growing its presence in the Asia-Pacific region.
Japan warns it will take ‘appropriate’ steps on excessive yen falls
The yen strengthened sharply overnight on Tuesday, leading some market participants to believe Tokyo had intervened to support the currency.
KeyBanc downgrades Apple shares to sector weight, says U.S. sales are likely to struggle
The firm also pointed to shares having a rich valuation.
Korean and Japanese stocks sink as U.S. 10-year Treasury yield notches 16-year high
Asia-Pacific markets fall, with Korean and Japanese stocks posting a more than 2% drop after the U.S. 10-year Treasury yield hit its highest in 16 years.
Bill Gross says the surging 10-year Treasury yield could test 5% in the short term
One-time bond king Bill Gross believes Treasury yields have the potential to shoot even higher in the short run.
Japan’s property sector sees ‘golden period’ as foreign investments surge 45%
Foreign investments into Japan’s real estate sector have been burgeoning in the past year, buoyed by a weak Japanese yen.
‘Fertile ground’: Goldman names stocks to tap a $6 trillion renewables market, gives one 58% upside
The share of electrification as an energy source is set to rise, and it’s time to revisit some major clean energy stocks, the investment bank says.
