Asia Stocks to Follow US Rally on Rates Optimism: Markets Wrap
Asian stocks eked out gains, following Wall Street’s advance on optimism the Federal Reserve will start cutting interest rates this year. The yen dropped.
Asian stocks eked out gains, following Wall Street’s advance on optimism the Federal Reserve will start cutting interest rates this year. The yen dropped.
Nomura Holdings Inc. is targeting 20% revenue gains for its global markets unit over the next few years as the Japanese brokerage moves past the Archegos Capital Management scandal with new initiatives to spur growth, according to the business head.
Cargoes of an oil product from Russia are building up at sea as South Korean buyers turn cautious, highlighting how the invasion of Ukraine continues to impact flows more than two years after the war began.
Oil advanced for a second day on tensions in the Middle East, with Israel rejecting a cease-fire proposal for the Gaza Strip, and a risk-on mood that helped lift wider financial markets.
Princeton Digital Group secured a $280 million green loan to help finance a $1.5 billion data center it’s building in southern Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June.
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