Most Asian indexes gain ground on U.S. yield drop, but Chinese stocks fall

Mainland China and Hong Kong stocks fell on Thursday, hurt by worries about the Chinese economy, but an overnight tumble in longer dated U.S. treasury yields lent support to other benchmark indexes.

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21-04-2022

Oil climbs but takes a breather in tight range

Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts.

newspaper

21-04-2022

Dollar edges up after pullback amid caution as finance ministers meet

The dollar edged up on Thursday supported by expectations for aggressive Federal Reserve monetary tightening, but was well off the previous day's peaks amid nervousness about what a gathering of finance ministers might say about its rapid appreciation.

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21-04-2022

BHP cuts copper output outlook over Chile protests, environmental concerns

BHP Group Ltd cut its annual copper production outlook on Thursday as operations at its Escondida project in Chile took a hit over protests by workers and environmental activists, as well as labour shortages due to rising COVID-19 cases.

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21-04-2022

Elon Musk scores hat trick of Tesla compensation goals worth $23 billion

With Tesla's strong quarterly report on Wednesday, Chief Executive Elon Musk has scored a hat trick of performance goals worth a combined $23 billion in new compensation.

newspaper

20-04-2022

Amazon, SpaceX snag NASA space communications contracts

Amazon's satellite venture, SpaceX's Starlink network and other satellite firms on Wednesday won a combined $278.5 million in contracts from NASA to demonstrate communications in space as the U.S. space agency moves to replace its current satellite network in orbit with privately-built systems.

newspaper

20-04-2022

IMF says yen falls driven by fundamentals, urges BOJ to keep easy policy

The yen's recent declines are driven by fundamentals and would be no reason for Japan to change economic policy, including the central bank's ultra-low interest rates, a senior International Monetary Fund (IMF) official said.

newspaper

20-04-2022

Judge rejects 'gag order' for Elon Musk

(Reuters) -Elon Musk will not be subjected to a "gag order" preventing him from discussing a lawsuit claiming he defrauded Tesla Inc shareholders by tweeting in 2018 about taking his electric car company private, a federal judge ruled on Wednesday.

newspaper

20-04-2022

Netflix selloff is latest in Wall St retreat from streaming

The collapse of Netflix's stock on Wednesday after the company reported its first loss of customers in a decade is the latest drastic sign that Wall Street is abandoning streaming services and other pandemic winners and questioning whether they still merit growth stock valuations.

newspaper

20-04-2022