The Singapore market fell back into the red on Thursday, dragged down by renewed concerns over the United States' decision to hike interest rates. The benchmark Straits Times Index (STI) slid 40.15 points, or 1.37 per cent, to 2,888.03, putting a halt to its two-day upswing. It is up 0.8 per cent from last Friday.
Malaysia's ringgit led losses early in Asia as a renewed decline in stocks and a downgrade in Brazil's credit rating reignited concerns capital will flow out of emerging markets as the US prepares to raise interest rates.
For nearly two years, Parkway Pantai has delayed the opening of its 450-bed India hospital, the Singapore-based medical firm's bid to cash in on one of Asia's fastest growing private healthcare markets, as it waited for the necessary permits.
Asia-Pacific nations must integrate their financial markets more closely to boost trade and investment, the Philippines' national treasurer told a meeting of finance ministry officials from the Asia-Pacific Economic Cooperation (Apec) group on Thursday (Sept 10).
China will open its domestic foreign-exchange market to overseas central banks, making it easier for other nations to hold yuan assets as Asia's biggest economy pushes for the currency to win reserve status at the International Monetary Fund.
China's consumer prices rose at the fastest pace in a year as a pork supply crunch drives up the cost of the staple while factory-gate deflation deepened to the worst in almost six years, compounding challenges for policy makers.
The Royal Institution of Chartered Surveyors (RICS) said UK house prices will rise twice as fast as it previously anticipated this year as a shortage of properties widens the imbalance between supply and demand.