ICE Brent Crude (Jan'23)

BUSINESS

Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise

Philippines central bank expects economy to see “low growth” next year, not a recession Central bank governor Felipe Medalla of Bangko Sentral ng Pilipinas (BSP) said the economy is expected to see “low growth” of under 5%, not a recession, next year. Speaking to CNBC’s Sri Jegarajah in an interview, he said the central bank […]

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BUSINESS

Stocks drop after the Fed signals more hikes ahead

Investors should remain cautious about unverified notes on China reopening: Credit Suisse Investors need to “remain cautious” about unverified notes circulating on social media hinting at a potential China reopening early next year, a strategist at Credit Suisse said. “I think, judging from different angles with a lot of news flows — especially the unverified […]

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BUSINESS

Hong Kong stocks slip; Asia markets mixed ahead of Fed rate decision

Oil prices rise following industry report of fall in U.S. crude inventories Oil prices rose on Wednesday as persisting demand in spite of high interest rate hikes, industry reports showed a drop in U.S. crude inventories, Reuters reported citing American Petroleum Institute figures released on Tuesday. Brent crude futures gained $1.31, or 1.46%, to stand […]

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