Category: Asia

Japanese stocks have risen on bets the government will unveil a stimulus package that could be double the size initially expected. Prime Minister Shinzo Abe is looking to compile a package of at least 20 trillion yen ($186bn; £141bn) according to the Kyodo News agency. The world’s third-largest economy is still trying to emerge from…

Singapore widened a crackdown on alleged money laundering in a probe tied to scandal-hit Malaysian state fund 1MDB, seizing assets and announcing it will take action against some of the biggest banks based in the city-state Singapore authorities said in a statement on Thursday that they had seized S$240 million ($177 million) of assets in…

Asian stocks climbed to nine-month highs on Thursday, helped by a recovery in global oil prices, while the dollar strengthened against the safe-haven yen on resurgent expectations of a U.S. interest rate hike this year. European shares are expected to buck the trend and open lower before a European Central Bank meeting later in the…

Profit taking weighed on Asian stocks on Wednesday after a record run on Wall Street showed signs of petering out, while the dollar hovered near a four-month high against a basket of currencies following upbeat U.S. data. Investors’ risk appetite, which has recovered rapidly from the Brexit shock late in June, received a sobering reminder…

Nintendo Co’s (7974.T) shares on Wednesday gave up some of their meteoric gains made on the record-breaking success of its Pokemon GO mobile game, hurt in part by a reported delay for the game’s introduction in Japan. Technology news site TechCrunch said that game developer Niantic Inc had planned to launch Pokemon GO in Japan…

China will add to the growing gloom hanging over the world economy when it posts its weakest growth in seven years on Friday. The world’s second-largest economy is expected to have expanded by 6.6% in the three months to the end of June, compared with the same period a year earlier, according to a CNNMoney…

Asian shares enjoyed a relief rally on Monday as upbeat U.S. jobs data soothed immediate concerns about the health of the world’s largest economy, while the prospect of more policy stimulus helped keep sovereign yields near record lows. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS jumped 1.9 percent to a one-month top. Australia…

Oil markets will remain stable this year even as Iran plans to keep boosting crude exports to regain the market share it lost due to sanctions, according to a senior official at state-run National Iranian Oil Company. Iran exports about 2 million barrels of its daily output of 3.8 million, said Mohsen Ghamsari, NIOC’s director…