Author: Manthos Ourtzanis

Big Oil rakes in record profit haul of nearly $200 billion, fueling calls for higher taxes

08 February in Latest News

The West’s five largest oil companies raked in combined profits of nearly $200 billion in 2022, intensifying calls for governments to impose tougher windfall taxes. French oil giant TotalEnergies on Wednesday reported full-year profit of $36.2 billion, doubling last year’s total, as fossil fuel prices soared following Russia’s full-scale...

Asia-Pacific markets rise as most of the region observes Lunar New Year holidays

27 January in Latest News

Markets in the Asia-Pacific traded higher as Lunar New Year holidays were observed in most of the region. In Australia, the S&P/ASX 200 rose 0.44% to close at 7,490.4, following Wall Street’s tech-fueled rally ahead of major earnings reports. New Zealand’s S&P/NZX 50 pared earlier gains and last traded slightly...

Hong Kong’s Hang Seng up 2% as Asia markets gain; logistics firm GoGoX falls below offer price

24 June in Latest News

Shares in the Asia-Pacific were higher on Friday, led by tech stocks on the Hong Kong market. Hong Kong’s Hang Seng index jumped 2.2%, with the Hang Seng Tech index rising 4.32%. SenseTime was up 6% and Xpeng rose 7.24%. Logistics company GoGoX fell in afternoon trade to 20 Hong Kong dollars ($2.55)...

Hong Kong’s Hang Seng rises nearly 3%; Alibaba shares soar after earnings report

27 May in Latest News

Shares in Asia-Pacific largely rose on Friday, with investors monitoring shares of Alibaba in Hong Kong after the Chinese tech giant posted better-than-expected fourth-quarter earnings on Thursday. Shares of Alibaba listed in the city surged 12.21% after it reported Thursday fourth-quarter earnings of 7.95 yuan ($1.18) per share, excluding items,...

Asia-Pacific stocks mixed as data shows Japan’s economy shrank less than expected in the first quarter

18 May in Latest News

Shares in Asia-Pacific were mixed on Wednesday, following overnight comments from U.S. Federal Reserve Chairman Jerome Powell, who said he’s resolved to raise rates until inflation comes down. The Nikkei 225 in Japan rose 0.94% on the day to 26,911.20 while the Topix index climbed 0.96% to 1,884.69. Japan’s economy shrank...