The most striking aspect of the yen's decline over the past few weeks is how orderly the price action has been, says Sean Callow, senior FX analyst at InTouch Capital Markets. The dollar-yen pair has ground gently higher, and not shown the excessive volatility that Japanese authorities like to poin…
By Ronnie HaruiThe yen hit a fresh 40-year low against the dollar in Asia on Wednesday, keeping traders on high alert for possible currency intervention by the Japanese government.Ongoing expectations for a gradual pace of interest-rate increases by the Bank of Japan, combined with growing prospect…
By Sherry QinChinese artificial-intelligence chip company Cambricon Technologies became the first stock on a Nasdaq-like local venue to join the trillion-yuan club, only to lose the status on the following day amid heightened volatility.Cambricon's market capitalization surpassed 1 trillion yuan, e…
Japanese companies' capital expenditure plans shown in the Bank of Japan tankan survey expanded in line with typical historical trends despite lingering Middle East uncertainties, says Daiwa Securities economist Yutaro Suzuki. Investment appetite remains highly resilient, driven by robust corporate…
Australia's building approvals data for May show that new home building approvals fell for a third month in a row. New home building approvals declined by 1.1% over the month, driven by a 7.3% drop in apartment approvals. The federal government's ambitious target for housing supply is being increas…
By Sherry QinChinese artificial-intelligence chip company Cambricon Technologies became the first stock on a Nasdaq-like local venue to join the trillion-yuan club, only to lose the status on the following day amid heightened volatility.Cambricon's market capitalization surpassed 1 trillion yuan, e…
By Ying Xian WongIndonesia's consumer inflation picked up last month as higher energy prices continued to push up prices.The headline consumer-price index rose 3.34% in June from a year earlier, accelerating from the 3.08% increase in May, reflecting higher food, transportation and personal care pr…
Three decades of surging home prices have fostered an industry built on property speculation in Australia. But Shane Oliver, chief economist at AMP says the "super cycle" is ending. The combination of a rising long-term trend in mortgage rates after a thirty-year down trend, record poor affordabili…
SGX Sicom Benchmark August RSS3 Rubber Up 0.4 Cent at 275.0 U.S. Cents/Kg
SGX Sicom Benchmark August TSR20 Rubber Up 0.3 Cent at 210.6 U.S. Cents/Kg
Frasers Centrepoint Trust's move to sell its smallest property, White Sands, seems strategically sound to Jefferies' Wilson Ng, who notes the deal would raise the real-estate investment trust's acquisition capacity and optimize its portfolio. The 467 million Singapore dollar sale is around 8.0% abo…
Tencent's shares look cheap after a recent correction, Morningstar analyst Ivan Su says in a research note. Tencent's shares have fallen around 30% so far this year as the market punishes Chinese internet names amid uncertainty around AI, he says. Investors are particularly worried about Tencent's…
By Ying Xian WongIndonesia's consumer inflation picked up last month as higher energy prices continued to push up prices.The headline consumer-price index rose 3.34% in June from a year earlier, accelerating from the 3.08% increase in May, reflecting higher food, transportation and personal care pr…
Kolmar Korea could post record 2Q earnings, driven by stronger-than-expected order flows for skin-care products, Daiwa Capital's Youngho Jang and Mike Oh say. The analysts expect operating profit at the South Korean original design manufacturer for cosmetics to rise 17% on year to 95 billion won, a…
Kolmar Korea Target Price Raised to KRW120,000 From KRW82,000 by Daiwa Capital >161890.SE
By Rebecca UngarinoActivist shareholder groups have launched a record-high number of campaigns against companies this year, driven by a mix of heightened activity in Asia, a friendlier regulatory environment for mergers and acquisitions, and more campaigns targeting financial firms.Activist investo…
By Fabiana Negrin OchoaBending Spoons, owner of internet pioneer AOL, has announced above-guidance pricing for an initial public offering at a roughly $18 billion valuation.The Italy-based company said its offering raised a total of $1.68 billion, and was priced at $29.00 a share--above the $26.00…
By Amrith Ramkumar and Robert McMillanWASHINGTON — The Trump administration and Anthropic have reached an agreement to restore access to the company's most recent general-access artificial-intelligence model, resolving a fight that showed how the White House is intervening to address security conce…
Sungrow Power Supply Shares Fall 14% in Shenzhen
Sungrow Shares Tumbled as Much as 20% Earlier
