Economic events

An Hour AgoChina property stocks drop after Friday's rallyShares of Chinese property developers in Hong Kong fell on Monday after wrapping up last week on a high note.China's central bank held its five-year loan prime rate steady at…

51 Mins AgoECB must cut in a 'measured way,' Latvian central bank head saysA sculpture of the Euro currency stands in the city centre of Frankfurt am Main, western Germany, on January 25, 2024.Kirill Kudryavtsev | Afp | Getty ImagesThe…

45 Mins AgoThe Dow Jones Industrial Average hits 40,000 levelThe 30-stock Dow reached a fresh milestone Thursday morning, surpassing the 40,000 threshold.At its high of the session, the average touched 40,002.75, climbing about 0.2%.See…

37 Mins AgoSingapore Airlines posts record profit for fiscal year 2023 Singapore Airlines posted a record operating profit of 2.73 billion Singapore dollars ($2.03 billion) for its fiscal year 2023 ending March 31, exceeding the previous…

Almost as quickly as the China stock rally happened, several investment analysts have been swift to point out its weaknesses. "China's recent rally was not justified by fundamentals," Citi's emerging markets strategists said in a note…

6 Hours AgoFoxconn shares spike almost 7% after April sales soar almost 20%Shares of iPhone manufacturer Foxconn spiked as much as 6.73% after the company reported a 19.03% year-on-year rise in April revenue.Foxconn, which trades as Hon…

An Hour AgoHong Kong's private sector expands at slower pace in April Business activity in Hong Kong's private sector expanded at a slower pace in April, according to S&P Global.The purchasing managers' index for the city slipped to…

There is some 'fluff' in India's economic growth rate, according to former Reserve Bank of India Governor Raghuram Rajan.This isn't a reflection of "pessimism" as "even 6-6.5% growth is a pretty good number," he told CNBC's "Squawk Box…

5 Hours AgoMicrosoft opens first regional data centre in ThailandTech giant Microsoft announced it will open its first regional data center in Thailand.The company said it will also build new cloud and AI infrastructure in Thailand, as…

An Hour AgoJapanese yen weakens to 158 against the dollarThe Japanese yen weakened to 158.43 against the U.S. dollar, touching a fresh 34-year low.On Friday, the Bank of Japan held interest rates steady at the end of its monetary policy…