India will allow the import of edible oils at lower import tax rates until March 2025, according to a government order seen by Reuters on Friday, as the world's biggest importer of vegetable oil moves to keep a lid on local prices.
Chinese internet stocks slumped on regulatory news on Friday to drag Asian stocks down for the final full trading week of the year, while the dollar wobbled ahead of U.S. inflation data that's expected to validate bets on rate cuts in 2024.
(RTTNews) - Takeda (TAK) said that Livtencity (maribavir) has been approved by the National Medical Products Administration or NMPA of China for the treatment of adult patients with post-hematopoietic stem cell transplant or solid organ transplant cytomegalovirus or CMV infection
(RTTNews) - Following the broadly positive cues from Wall Street overnight, Asian stock markets are trading mostly higher on Friday, as traders reacted to the prospects of a rate cut by the US Fed early next year after some US data showing a drop in economic growth and an uptick
Shell PLC and Trinidad and Tobago's National Gas Company (NGC) were awarded a license by Venezuela on Thursday to develop the 4.2 trillion cubic feet (TCF) Dragon gas project and export its production to the Caribbean nation.
A Hong Kong court on Friday rejected a bid by the legal team for pro-democracy tycoon Jimmy Lai to have sedition charge against him dropped, in a closely watched national security trial.
China's steel demand in 2023 will decline by 3.3% from 2022 and contract a further 1.7% in 2024, a state researcher forecast on Friday, weighed down by a significant drop in construction activity.
India's Nifty 50 is set to open higher on Friday, extending a recovery after Wednesday's fall and tracking Asian and U.S. peers after fresh U.S. growth data added to the improving interest rate outlook.
Japanese Industry Minister Ken Saito said on Friday that U.S.-Japanese ties were "stronger than ever", although he declined to comment directly on growing scrutiny in the United States of a proposed deal for Nippon Steel to buy U.S. Steel.
China will resume importing grouper fish from Taiwan from Friday, the Chinese government announced, just one day after angering Taipei with the ending of tariff cuts on some chemical imports less than a month before Taiwanese elections.
Indian government bond yields are expected to trend marginally higher in early trade on the last day of the week as traders gear up for a fresh debt supply via the weekly auction, while markets await the minutes of the central bank's latest policy meeting.
Gold prices climbed on Friday to their highest level in nearly three weeks, as rising bets on Federal Reserve interest rate cuts early next year pushed the dollar and bond yields lower ahead of much awaited U.S. inflation data.
(RTTNews) - Indian shares may see modest gains at open on Friday as new economic data from the U.S. fueled hopes that the U.S. central bank will cut interest rates in the coming months.
The Philippines' poverty rate dropped to 22.4% or 25.24 million people in the first half of 2023, the government's statistics agency said on Friday, from 23.7% in the same period in 2021.
(RTTNews) - Recouping some of the losses in the previous session, the Japanese stock market is trading modestly higher on Friday, following the broadly positive cues from Wall Street overnight. The benchmark Nikkei 225 is moving above the 33,200 level, as traders reacted to domes
Asian stocks were poised to eke out gains for the final full trading week of the year on Friday, while the dollar eyed a loss as investors look to 2024 as a year of steep U.S. rate cuts.
What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +1.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.87%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.23%. Stocks on Thursday settled moderately higher after U.S. economic...
Due to consumer demand, crude oil can be a cyclical market. Cold weather brings on heating demand. Warmer weather brings on gasoline demand. Geopolitical factors often significantly impact oil prices that may or may not coincide with a seasonal pattern. Currently, it seems crude oil is experiencing all three of these. It's like the perfect storm for higher prices.
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