News

Asian stocks rallied to a seven-week high on Friday, buoyed by gains in U.S. technology firms as pockets of strength in corporate earnings eased some of the anxiety over a slowing global economy. Stocks MSCI’s broadest index of Asia-Pacific shares outside Japan gained more than 1 percent. Germany’s DAX gaining 0.6 percent . France’s CAC advancing 0.45 percent. The Shanghai […]

Coinbase, one of the most popular and trusted crypto platforms in the world, has announced that it will expand its newly developed custodial services into the Asia market. The move is seen as two-fold. First, to attract major institutional players in the region and to provide custodial services for crypto exchanges in need of another layer of protection […]

Oil prices rose by more than one percent on Friday as turmoil in Venezuela triggered concerns that its oil exports could soon be disrupted. Washington on Thursday signalled it could impose sanctions on Venezuela’s crude exports as Caracas descends further into political and economic turmoil. International Brent crude oil prices futures were at $61.89 a barrel at […]

Asian shares inched up in subdued trade on Thursday after Wall Street ended higher, but political uncertainty in the United States and worries about weakening global economic growth kept many investors on the sidelines. Stocks MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) added 0.3 percent. Australian shares (AXJO) were flat. Shanghai Composite (SSEC) […]

The dollar was hamstrung versus its rivals on Thursday, restrained by concerns over global growth, the U.S. government shutdown and a yet-unresolved U.S.-Sino trade dispute. “Trade tensions are the most dominant factor for investor sentiment right now and will drive market flows,” said Nick Twidale, chief operating officer at Rakuten Securities. The Aussie dollarwas a big mover […]

European shares inched higher on Thursday as better-than-expected results from chipmaker STMicro delivered a boost to the tech sector, while oil stocks weighed on the market. European Shares The pan-European STOXX 600 (STOXX) gained 0.1 percent by 0843 GMT, in line with Germany’s DAX (GDAXI) while Britain’s FTSE 100 (FTSE) fell 0.4 percent. Chipmaker STMicroelectronics […]