BANGKOK (The Nation/Asia News Network): Saudi Arabia has agreed to sell fertiliser to Thailand to help ease the shortages caused by the ongoing Russia-Ukraine war, Thai Chamber of Commerce (TCC) chairman Sanan Angubolkol said on Monday (May 16) Sanan is part of a business delegation led by Foreign Minister Don Pramudwinai visiting Saudi Arabia to pursue business … [Read more...] about Saudi Arabia promises to help Thailand ease fertiliser shortage
Easing
Opinion: Bitcoin, NFTs, SPACs, meme stocks — all those pandemic investment darlings are crashing
The finance world, which is constantly on the lookout for rules and laws it can break in the interest of making more money, may have come up against the one law that can't be broken: the law of gravity. Over the last few weeks and months, almost every financial asset has come hurtling back to Earth after high-altitude flights. That includes conventional stocks and bonds, … [Read more...] about Opinion: Bitcoin, NFTs, SPACs, meme stocks — all those pandemic investment darlings are crashing
Asia stocks try to bounce, China data a risk
SYDNEY: Asian share markets were attempting a rare rally on Monday after Wall Street managed a bounce from deep lows, though investors were also braced for bad news from Chinese economic data due later in the session. Forecasts are for a fall of 6.1% in China's annual retail sales, while industrial output is seen rising just 0.4%. Risks are to the downside given new bank … [Read more...] about Asia stocks try to bounce, China data a risk
China April property sales plunge 46.6%, fastest since at least 2010
BEIJING: China's April property sales by value fell at their fastest pace in at least 12 years as COVID-19 lockdowns further cooled demand despite more policy easing steps aimed at reviving a key sector of the world's second-largest economy. In April, property sales by value slumped 46.6% from a year earlier, the fastest pace since at least 2010, and sharply widening from the … [Read more...] about China April property sales plunge 46.6%, fastest since at least 2010
China April aluminium output hits record high as power curbs lifted
BEIJING: China's aluminium production in April hit a record high, official data showed on Monday, after curbs on power production eased, allowing smelters to expand operations. Primary aluminium output in the world's top producer and consumer of the metal stood at 3.36 million tonnes, up 0.3% on the same month a year ago, which had been a monthly high, National Bureau of … [Read more...] about China April aluminium output hits record high as power curbs lifted