Most Southeast Asian stock markets closed
lower on Tuesday, with the Philippines losing 1.6%, as fears of
a possible currency war between the United States and China
The U.S. Treasury Department said on Monday it had
determined that China was manipulating its currency and...
TP ICAP, the world's largest
inter-dealer broker, on Tuesday reported lower first-half
profits as its broking business was hit by weak trading results
at its investment bank clients, but said trading activity had
revived in June and July.
Japanese hotel operator Unizo
Holdings Co said on Tuesday it would reject a bid by
H.I.S. Co to raise its stake, adding that the offer
lacked synergy and was priced low, setting the stage for a
potential rare hostile bid in Japan.
Turkey's finance minister said on
Tuesday a loan rate discount from three public banks has lead to
a record high demand for mortgage loans over the past two days,
giving the construction sector an "anticipated" boost.