Asia News

  • Treasuries Decline as U.S. Stocks Fluctuate, Silver Gains

    Updated 55 minutes ago

    Treasuries fell, sending 10-year yields up from almost a three-month low, and U.S. stocks fluctuated as investors dissected reports showing growth in jobs and acceleration in service industries. Silver and gold paced gains in commodities.

  • Panama Canal’s $5.25 Billion Expansion Project at Risk

    Updated 14 minutes ago

    The $5.25 billion expansion of the Panama Canal was at risk of being delayed after negotiations on cost overruns between a construction group led by Spain’s Sacyr SA and the waterway’s authority broke down.

  • Currency Market Unsettled by Trader Exits as Lawsky Opens Probe

    Updated 59 minutes ago

    New York’s top financial regulator opened a probe into the foreign-exchange market as banks including Deutsche Bank AG, Goldman Sachs Group Inc. and Citigroup Inc. lost senior traders in resignations and firings.

  • Apollo Credit Twice Size of LBOs Shows Private-Equity Shift

    Updated 7 minutes ago

    Leveraged-buyout firms led by billionaire Leon Black’s Apollo Global Management LLC, seeing fewer bargains in acquiring companies, are loading up on high- risk debt being abandoned by the world’s biggest banks.

  • Korean Coffee Lovers Luring Brazilian Arabica Sales

    Updated 41 minutes ago

    For about a decade, South Korea has been the new Japan for electronics exports and a vibrant domestic consumer culture. Now it’s becoming the new Japan for expensive coffee drinking in Asia -- and coffee exporters in Brazil are starting to notice.

  • Goldman Sachs Currency Traders Cho, Lim Said to Depart

    Updated 1 hour, 6 minutes ago

    Steven Cho and Leland Lim, Goldman Sachs Group Inc. partners in its currency-trading business, have left the firm, according to a person briefed on the matter.

  • Japan Trader Profits Boosted by Autos, Yen as Commodities Slump

    Updated 1 hour, 29 minutes ago

    Strong demand for autos in southeast Asia and a weaker-than-forecast yen helped boost third-quarter profit at Japan’s biggest trading houses as the companies led by Mitsubishi Corp. seek to weather falling commodity prices.

  • Asian Stocks Follow U.S. Rebound as Earnings Boost Japan

    Updated 2 hours, 15 minutes ago

    Asian stocks rose, with the regional benchmark index rebounding from its biggest slump since June, after U.S. shares advanced and Japanese companies posted earnings that cheered investors.

  • Boeing Said to Win $3.9 Billion Max Order From SpiceJet

    Updated 2 hours, 45 minutes ago

    Boeing Co. is poised to win an order for 38 of its 737 Max jets valued at about $3.9 billion from SpiceJet Ltd., the Indian budget airline controlled by billionaire Kalanithi Maran, people familiar with the plan said.

  • Paris Fist Pump Eases Dubai Debt Worry as Deadline Nears

    Updated 1 hour, 14 minutes ago

    Pumping his fist into the Paris air, Sheikh Abdullah bin Zayed Al Nahyan, an Abu Dhabi royal, celebrated the award of the 2020 World Expo to Dubai. A Dubai counterpart returned the favor three weeks later, hailing Abu Dhabi’s role in securing the event.

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