After Queen’s death, Commonwealth countries rekindle debate over monarch as head of state

London – The death of Queen Elizabeth II reignited the debate over the future and unity of the British Commonwealth, a group of 15 independent countries that have recognized the Queen – and now the new King Charles III – as their formal head of state, democratically above the leader elected from each country. This … Read more

Japan travel stocks rise following report on easing of rules

North Asian refiners will receive a full allocation of Saudi crude in October, Reuters reports At least three refiners in North Asia have been told by Saudi Aramco that they will receive full contract volumes of crude in October, Reuters reported, citing people with knowledge of the matter. In its first cut in four months, … Read more

Hong Kong’s Hang Seng rises 2%, leads Asian markets higher after Powell’s inflation comments

HSBC says latest inflation readings from China allow PBOC to maintain accommodative monetary policy China’s latest inflation figures give the People’s Bank of China room to maintain its current monetary stance, HSBC said in a note. “The moderation in price pressures gives the PBOC room to remain dovish,” said China economist Erin Xin. Xin added … Read more

Japan’s Nikkei rises 2% in mixed Asian session after Wall Street rebound

Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more

Japan’s Nikkei rises 2% in mixed Asian session after Wall Street rebound

Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more

Asia-Pacific markets are trading lower; China’s trade data in August beats expectations

Pakistan pays price for climate crisis caused by other countries: minister Pakistan is facing the worst consequences of the climate crisis, thanks in part to actions by the developed world, Finance Minister Miftah Ismail has said, as the country battles the worst floods in its history. Ismail joins a chorus of supporters from the flooded … Read more

Asia-Pacific markets are trading lower; China’s trade data in August beats expectations

Pakistan pays price for climate crisis caused by other countries: minister Pakistan is facing the worst consequences of the climate crisis, thanks in part to actions by the developed world, Finance Minister Miftah Ismail has said, as the country battles the worst floods in its history. Ismail joins a chorus of supporters from the flooded … Read more

Jackson Hole and HKEX cancel morning session on typhoon warning

Qantas shares jump after takeover announcement, earnings report Australian airline shares Qantas jumped 10% after the company announced its earnings and announced its intention to buy back its shares. The company posted an underlying pre-tax loss of A$1.86 billion ($1.29 billion) for the 2022 financial year. “While the first three quarters of the year were … Read more

Asian stocks fall on Fed worries after Wall Street selloff

TOKYO (AP) — Asian stocks were trading lower on Tuesday, echoing a broad sell-off on Wall Street amid speculation of another U.S. Federal Reserve interest rate hike. Benchmarks in Asia slid across the region in morning trade, including Japan, China, South Korea and Australia. The latest market drop comes as investors grapple with uncertainty over … Read more

Hong Kong property stocks fall, Australian inflation rises

SINGAPORE — Property stocks in Hong Kong fell as Asia-Pacific markets traded mixed on Wednesday. Australian inflation rose and investors were eagerly awaiting the Fed’s policy decision. Real estate firm country garden the stock plunged 15.05% after it announced it would raise HK$2.8 billion ($360 million) by selling 870 million new shares. The shares were … Read more