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Asian shares hit a record high after Yellen calls for big spending
TOKYO: Asian shares climbed to a record high on Wednesday as U.S. Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief package to help the world's largest economy ride out a pandemic-driven slump.
Asean News headlines as at 6pm Tuesday
Here are the news highlights of The Star-AseanPlus section for Tuesday (Jan 19)
Star-AseanPlus: The Headlines of the day
Here are the news highlights of The Star-AseanPlus section for Tuesday (Jan 19)
Emerging Markets: Thailand has big jump in stock market; S. Korea leads Asia stock gains on auto boost
SINGAPORE, Jan 19 (Reuters): South Korean shares jumped nearly 3% on Tuesday after steep losses in the previous session as gains in heavyweight auto shares provided a boost, with investors also eyeing prospects for more stimulus to support an economic recovery.
1st LD-Writethru-Economic Watch: Xi'an sees rising China-Europe freight train trips
XI'AN, Jan. 18 (Xinhua) -- Xi'an, capital of northwest China's Shaanxi Province, saw a surge in China-Europe freight train trips in 2020 despite the impact of COVID-19, local authorities told a press conference on Monday.
Emerging markets: Samsung Elec knocks down S. Korean stocks; banks drag Malaysia
South Korean shares fell more than 2% on Monday, dragged down by steep losses in heavyweight Samsung Electronics, after its vice chairman was sentenced to two and a half years in prison over a bribery case.
Business continues for electronics firms
But prolonged closure of borders a major concern
Indonesia’s new sovereign fund targets US$20bil investments
JAKARTA: Indonesia’s soon-to-be launched sovereign wealth fund (SWF) is targeting US$20bil in investment in the next few months, President Joko Widodo said, a larger sum than previously announced after positive responses from several firms.
Rising rates see traders mull trigger point for stock upset
NEW YORK: As benchmark Treasury yields rise amid expectations for stronger growth, the key question on investor minds is how high can they climb before spoiling the global risk-asset rally.
Treasury Pulse - Forex Market, Treasuries, Bonds, ringgit, equity
THE dollar found support from expectations of a continued economic recovery in the United States amid countries in Europe resorting to lockdowns to fend off a second Covid-19 wave; and expectations of higher government spending under the Biden administration – after a plunge in payrolls in December raised the prospect of more federal spending to aid the coronavirus-battered economy.
