Australia

Hong Kong stocks lead losses in Asia on unrest in China, oil at 2022 low

Hong Kong stocks lead losses in Asia on unrest in China, oil at 2022 low

Indian stocks hit all-time highs Indian stocks hit new highs in Monday’s session. The Nifty 50 Index, the flagship index of the National Stock Exchange of India, reached 18,611.05, surpassing the previous intraday high of 18,604.45 seen on October 19, 2021. The Sensex reached 62,690.39 during the morning session in India, also surpassing previous record …

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New Zealand Achieves Biggest Rate Hike Ever;  Asia-Pacific stocks mixed ahead of Fed minutes

New Zealand Achieves Biggest Rate Hike Ever; Asia-Pacific stocks mixed ahead of Fed minutes

New Zealand dollar strengthens after biggest rate hike The New Zealand dollar strengthened to 0.6192 against the dollar after the central bank raised rates by 75 basis points, its biggest rise on record. The NZD last traded at 0.6170 against the dollar and the NZX 50 index in New Zealand fell 0.8%. The New Zealand …

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Hong Kong stocks lead losses as China's Covid cases surge;  Mixed Asian markets

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets

JD.com shares fall after company slashes top executive pay Hong Kong listed shares of JD.com traded down more than 5% in the afternoon after the company confirmed pay cuts for its management team. The Chinese e-commerce giant has confirmed that it will cut the cash salaries of its management team by up to 20%, starting …

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Hong Kong stocks lead losses as China's Covid cases surge;  Mixed Asian markets

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets

JD.com shares fall after company slashes top executive pay Hong Kong listed shares of JD.com traded down more than 5% in the afternoon after the company confirmed pay cuts for its management team. The Chinese e-commerce giant has confirmed that it will cut the cash salaries of its management team by up to 20%, starting …

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Staff reveal nightmare working for collapsed construction company owing at least $660,000

Staff reveal nightmare working for collapsed construction company owing at least $660,000

A former employee of a collapsed construction company claims she hasn’t received a pension in months, while a teenage administrative trainee has been left to manage construction projects amid massive turnover of personnel has emptied the company. Earlier this month, news.com.au reported that residential builder Tozer Construction Group had been ordered by the court to …

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Australia learns there is no replacement for Chinese consumer

Australia learns there is no replacement for Chinese consumer

(Bloomberg) – Australia has spent big to lure crowds of Indian tourists to its shores, signed a post-Brexit free trade deal with Britain and discovered new markets in the Middle East over the past its 30-month trade break with China. Bloomberg’s Most Read Yet, outside of iron ore and other key commodities, exporters have faced …

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