Latest Market News
Asian share markets took a breather on Wednesday as a resurgence of coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in US retail sales in May broke all records. Asian Share Markets MSCI’s broadest index of Asia-Pacific shares outside Japan went flat, having climbed 2.8% the previous day, with […]
Ripple, a leading provider of enterprise blockchain solutions for payments, announced Banco Rendimento has launched with RippleNet Cloud. As the first bank to use Ripple technology entirely in the cloud, Banco Rendimento joins nearly two dozen financial institutions already running on RippleNet Cloud. With RippleNet Cloud, banks and financial institutions can maximize their business benefits […]
Asian shares and Wall Street futures rallied on Tuesday as the formal start of the Federal Reserve’s corporate bond buying programme boosted global investor sentiment and calmed earlier worries about a second wave of coronavirus infections. Asian shares MSCI’s broadest index of Asia-Pacific shares outside Japan rose 2.2%, its biggest one-day gain since June 1. […]
Asian stocks stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens while underwhelming data from China further weighed on sentiment. Asian stocks MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3% with Australian shares off 0.1%. South Korea easing […]
American Express announced that joins forces in mainland China with Express (Hangzhou) Technology Services Company Limited (“Express Company”), has received approval from the People’s Bank of China (PBOC) for a network clearing license. With this, American Express becomes the first foreign payments network to be licensed to clear RMB transactions in mainland China. The company […]
Asian stocks came off their lows on Friday (June 12) after a selloff in the wake of a Wall Street rout triggered by concerns that the epic rally since March was excessive, given the emergence of a second wave of coronavirus infections in the United States. Asian Stocks Singapore shares plunged at the open with the Straits Times Index sinking 3.4 […]