Business
US: Dow closes above 50,000, Nvidia soars as traders focus on AI spending
The Dow Jones Industrial Average blew past the historic 50,000 mark on Friday (Feb 6) and the S&P 500 ended sharply higher, as Nvidia and…
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traders
Business
US stocks: Wall Street ends sharply down as traders fret about AI disruption
Street ended sharply lower on Tuesday as investors worried about AI creating more competition for software makers, keeping them on edge…
Business
Metals traders lose at least one billion yuan as ‘Hat’ flees China
Chinese metals markets have seen more than their fair share of scandal in recent years Chinese metals traders have racked up losses…
Business
Bitcoin drops below US$86,000 as traders retreat from risk assets
Bitcoin dropped below US$86,000 for the first time in about six weeks amid a pullback in risk assets. The largest cryptocurrency slipped…
Business
Oil prices settle lower as traders assess impact of winter storm on production
Oil prices settled slightly lower on Monday after climbing more than 2 per cent in the previous session as investors assessed the impact…
Unsorted
Vitol and Trafigura – traders at the heart of Trump’s Venezuela oil grab
The companies’ special licences to ship still-sanctioned barrels have given them a head start in a potentially lucrative trade US…
Business
BOJ seen holding rate as yen traders focus on intervention risk
The Bank of Japan is widely expected to keep its benchmark rate unchanged on Friday (Jan 23), offering little immediate support for the…
Business
Pop Mart shares surge as traders cheer first share buyback since 2024
POP MART International Group shares soared the most in five months after the Chinese toymaker’s first share buyback since 2024 boosted…
Business
China clamps down on high-speed traders, removing servers
The move shows that officials are focused on levelling the playing field for investors and ensuring market stability China is pulling the…
Business
Growing number of options traders see no Fed cuts in 2026
A steadying labour market gives central bankers less reason to keep cutting rates TRADERS focused on options are increasingly pricing out…
Business
China buys at least 10 cargoes of US soybeans for April-May shipment, traders say
China’s state stockpiler Sinograin purchased at least 10 cargoes of US soybeans on Friday (Jan 9), or at least 600,000 tonnes, for…
Business
India’s central bank intervenes again to support rupee, traders say
The Indian central bank was seen back in the foreign exchange market on Thursday, selling dollars through state-run banks to reinforce…
Business
European stocks cool as traders assess Venezuela fallout, economic data
EUROPEAN stocks ended flat on Wednesday, snapping a run of record closes as investors paused to digest the latest US-Venezuela…
Business
Precious metals fall again, Asian stocks swing as traders wind down
Investors have been piling into commodities on bets for more US rate cuts, a weaker US dollar and geopolitical tensions Precious metals…
Business
Yen weaker in thin trading as traders stay alert to intervention risk
The Japanese yen softened against the greenback on Friday (Dec 26) as investors remained on watch for potential intervention to shore up…
Business
Asian traders cheer US rate cut but gains tempered by outlook
MOST Asian markets rose on Thursday as traders welcomed the Federal Reserve’s third straight interest rate cut, though the euphoria was…
Business
Asian stocks in retreat as traders eye Fed decision, tech earnings
ASIAN markets retreated on Wednesday following a tepid day on Wall Street as investors bided their time ahead of a highly anticipated…
Business
Asian stocks stagger as traders prepare for expected US rate cut
Asian equities drifted on Monday (Dec 8) as investors gear up for an expected US interest rate cut this week, with debate centring on the…
Business
Asian markets stumble as traders struggle to hold Fed cut rally
Bets on a US reduction on Wednesday have surged to around 90% in the past two weeks Asian markets struggled to maintain their early…
Business
Most Asian markets rise as traders await key US data
Money markets have put the chances of a Dec 10 cut at around 90%, with another three forecast by the end of next year Markets mostly rose…
Business
China can still meet US soybean pledge, traders say
China is expected to step up US soybean purchases to meet a pledge to buy at least 12 million tonnes by the end of the year, according to…
Business
Crypto’s retail traders hit hard as Strategy ETFs plunge 80%
Retail investors who piled into Michael Saylor’s grand Bitcoin experiment are paying a heavy price. Strategy, the company once hailed for…
Business
Asian markets mixed as traders eye US data ahead of Fed decision
Among the reports due for release are private jobs creation, services activity and personal consumption expenditure Asian equities were…
Business
Citigroup hires Nomura, Wells Fargo traders in foreign-exchange business push across Asia
Citigroup has hired seven personnel, including former traders from Nomura International and Wells Fargo, to boost its foreign-exchange…