Author: News Room

(Reuters) – Asian bonds attracted their largest monthly inflow in three months in February, helped by expectations that the U.S. Federal Reserve would cut rates later this year, and also boosted by the region’s strong exports. Foreign investors accumulated a net $4.41 billion of bonds in India, South Korea, Malaysia, Indonesia and Thailand last month, marking their fourth successive month of net buying, data from regulatory authorities and bond market associations showed. Demand for Indian bonds soared with a net investment of $2.7 billion, the highest monthly figure since July 2017, buoyed by their impending inclusion in JP Morgan’s emerging…

Investing.com– Gold prices moved little in Asian trade on Wednesday, steadying from recent volatility as markets looked to the Federal Reserve for more cues on interest rate cuts in 2024. Among industrial metals, copper prices pulled back sharply from recent 11-month peaks, amid a mix of profit-taking and as strength in the weighed on broader metal markets. Bullion prices remained well below record highs hit earlier in March. But they also appeared to have found support around the $2,150 an ounce level. hovered around $2,159.19 an ounce, while expiring in April rose 0.1% to $2,162.15 an ounce by 00:37 ET…

Five times the size of Paris. Visible from space. The world’s biggest energy plant. Enough electricity to power Switzerland. The scale of the project transforming swathes of barren salt desert on the edge of western India into one of the most important sources of clean energy anywhere on the planet is so overwhelming that the man in charge can’t keep up. “I don’t even do the math any more,” Sagar Adani told CNN in an interview last week. Adani is executive director of Adani Green Energy Limited (AGEL). He’s also the nephew of Gautam Adani, Asia’s second richest man, whose…

ASX 200 lost ground ahead of Fed policy decision. RBA’s Bullock underscored that the battle against inflation is not yet won. PBoC has kept the interest rate unchanged at 3.45%. Chinese foreign delegation stressed that China-Australia relations are on the right track. The ASX 200 Index snapped its three-day winning streak and closed at 7,695 on Wednesday. The Reserve Bank of Australia (RBA) has opted to keep interest rates unchanged at a 12-year high of 4.35%, maintaining its stance for the third consecutive meeting. The market turned cautious before the release of the Federal Reserve’s (Fed) interest rate decision later in the North…

BlackRock, the world’s largest asset manager, has taken a significant stride towards a future of digital asset management with the filing of the United States Securities and Exchange Commission (SEC) Form D for the BlackRock USD Institutional Digital Liquidity Fund. This move signals the launch of BlackRock’s inaugural tokenized asset fund, a pioneering step in financial innovation. The fund overview The BlackRock USD Institutional Digital Liquidity Fund was established by BlackRock in 2023 and is set to be tokenized on the Ethereum blockchain utilizing an ERC-20 token named BUIDL. This groundbreaking initiative aims to revolutionize traditional asset management by introducing…

For a few fleeting hours Tuesday, Texas was able to enforce a hardline immigration law blasted by critics as an affront to human rights – thanks to a huge assist from the conservative majority on the US Supreme Court. The intervention by the nation’s top bench triggered a day of twisting legal drama that only exacerbated the chaos over the nation’s overwhelmed immigration system, reinforced the politicization of the court and stoked fresh controversy over an issue that threatens President Joe Biden’s reelection. The measure allows Texas to arrest and even deport people it suspects of crossing the border illegally…

As many people who have swiped right can tell you, it’s one thing to view a profile online, quite another to spend time with someone In Real Life. So, last week over 30 major buyers and distributors from China and Southeast (SE) Asia descended on Sydney to press the flesh and test the credentials of Australian brand owners keen to win hearts and dollars in the Asian region. The “Business Matching” (essentially, speed dating) event was just one component of the 6th Alibaba E-Commerce Expo, held in Sydney for the first time since late 2019, pre-COVID. As Alibaba’s Head of…

Nvidia’s billionaire CEO rocks a black leather jacket almost everywhere he goes.He wore at least six different jackets in recent years, per Business Insider’s detailed analysis.His latest look, from Tom Ford’s spring collection, is his best pick yet. Steve Jobs wore a black turtleneck. Mark Zuckerberg ushered in the casual T-shirt. Adam Neumann eschewed shoes.Tech’s current king, Nvidia CEO Jensen Huang, long ago chose a black leather jacket as his signature look. He’s worn leather jackets for at least 20 years, a spokeswoman told The New York Times last year.The billionaire has previously said his wife and daughter dress him,…

Former Trump advisor Peter Navarro reported for prison on Tuesday.Navarro was sentenced to four months at a minimum-security federal satellite camp in Miami.The Miami prison camp where he will stay is old and has been cited for mold and plumbing issues. The next few months for Peter Navarro will look very different than the life he’s used to.The former Trump advisor is going from traversing the halls of the White House to a minimum-security federal Bureau of Prisons satellite camp in Miami.Navarro, who was sentenced to four months after being found guilty of ignoring congressional subpoenas during its January 6 Capitol…

BANGKOK (Reuters) – Thailand’s government is forging ahead with a 500 billion baht ($13.9 billion) handout scheme and may still need to borrow to finance it, a deputy finance minister said on Wednesday. Julapun Amornvivat made the remarks in parliament, which began a three-day debate on a 3.48 trillion baht ($96.5 billion) budget bill for the 2024 fiscal year, aimed at reviving Southeast Asia’s second-largest economy. “We insist that it may be necessary to get a loan through a bill, but if there are any changes, we will probably seek approval from the members (of parliament) again,” he said. “But…