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Asian stocks slip after Fed raises chance of rate hike

    By Kelvin Chan  HONG KONG  — Most Asian stock markets sank on Thursday after the Fed surprised investors by signaling that an interest rate hike is in the cards if economic conditions keep improving. KEEPING SCORE: The benchmark Nikkei 225 index in Tokyo dipped less than 0.1 percent to 16,636.67 while South Korea's Kospi lost 0.5 percent to 1,946.74. Hong Kong's Hang Seng shed 0.3 percent to 19,761.53 while the Shanghai Composite Index in mainland China gained 0.5 percent to 2,820.43. Australia's S&P/ASX fell 0.7 percent to 5,319.00. Benchmarks in Taiwan, New Zealand and Southeast Asia also lost ground. FED IN FOCUS: According to minutes of the Fed's latest meeting, U.S. central bankers feel it would be time to raise rates at the next Fed meeting on June 14-15 if hiring and economic …

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Asia markets down ahead of Fed, Apple earnings hit suppliers

Hong Kong, China -- Apple's suppliers were among the big losers in Asian markets Wednesday after it announced the first fall in iPhone sales, while overall trading was tentative before a Federal Reserve announcement later in the day. US tech giant Apple said Tuesday that waning demand for its popular handset led to the first dip in revenue since 2003, and the trend was likely to continue this year as a growth slowdown in China drags on that crucial market. The news pummelled Apple's shares in after-hours US trading, with the firm plummeting more than eight percent. Apple's results were "pretty disappointing", said Angus Nicholson, a Melbourne-based market analyst at IG. It also hit Asian companies that provide parts for Apple gadgets. In Tokyo Japan Display was 0.5 percent down, Alps Electric shed more than one …

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Tips on change management for entrepreneurs

Most entrepreneurs are dreamers. In fact, dreaming big is the very reason why a lot of us become entrepreneurs in the first place. We want to achieve success. Inside our empires, big or small, are embodiments of our aspirations and our vehicles and partners that help us achieve our goal – the office, equipment, our staff, and our clients. We create rules and procedures that ultimately result to our desired brand of success. We consider rewards and punishments. We create fastidious operation systems to make the processes worry-free. We provide trainings in order for our people to be fully equipped even for the most demanding clients. However, not everything follows our plans for success, especially when we talk about change. One of the biggest hurdles that every entrepreneur must face is …

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Asia markets sink as oil slide hits energy firms

Hong Kong, China -- Energy firms led losses in Asia Tuesday as oil prices extended their recent losses, while most stock markets tumbled again and analysts questioned whether a recent rally may have run its course. Investors were handed a negative lead from Wall Street, where the plunge in crude also hammered oil-linked plays and all but wiped out Friday's jobs-fuelled gains. Hopes that an upcoming meeting between the world's top oil producers would lead to an output freeze were dealt a blow last week when kingpin Saudi Arabia said it would only do so if other major countries followed suit. With Iran, which has only just been allowed to resume exports, saying it is unlikely to take such action yet there are now concerns no agreement will be reached -- exacerbating a global glut …

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Asian markets down as focus turns to Fed’s Yellen

Hong Kong, China -- Asian markets retreated Tuesday as investors returned to trading floors after the long Easter break, with attention turning to a speech by US Federal Reserve chief Janet Yellen later in the day. After a broadly upbeat month across all asset classes -- which saw healthy gains after the sharp sell-offs of January and February -- investors also looked to cash in before closing their positions by the end of the financial year. A string of easing measures from central banks around the world provided some much-needed support over March. There are also hopes Yellen will shed some light on the Fed's thinking on its interest rate policy in her speech in New York Tuesday. A recent series of strong US data -- including Friday's better than forecast fourth-quarter growth -- raised …

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Asian markets start week on high after US, China data

Hong Kong, China -- Most Asian markets climbed Monday as traders welcomed a better-than-expected jump in US growth and the first profits rise in Chinese industrial firms for seven months. After the turmoil of January and February, investor confidence has been given a shot in the arm over the past month thanks to a string of central bank easing measures across the world and improving economic figures. On Friday the US Commerce Department said the world's number one economy grew 1.4 percent in the final three months of 2015, much faster than the 1.0 percent initially recorded. The increase came on the back of a surge in consumer spending, which was also much stronger than first thought. The news ramped up expectations that the Federal Reserve will announce another hike in interest rates, providing some support …

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Asian stocks broadly lower after Brussels bombings

    by Daniel LEUSSINK Tokyo, Japan -- Asian markets broadly retreated Wednesday as dealers remained cautious, with airlines taking a hit in the aftermath of the deadly Brussels bombings. The losses tracked a sell-off in tourism-related stocks in the United States and Europe following Tuesday's carnage in Belgium. Explosions in the Brussels subway and Zaventem airport just outside the Belgian capital, claimed by the Islamic State group, left around 35 dead and more than 200 injured. Asian investors played it safe with few catalysts to drive trade as dealers eye the long Easter break that starts Friday, analysts said. The mood across regional trading floors remained "cautious to negative", Jackson Wong, Hong Kong-based associate director at Simsen Financial Group, told AFP. "Investors are reluctant to get in (the market) at this point," Wong said. Cathay Pacific in Hong Kong closed 0.76 percent …

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Philippine stocks poised for bull market as global funds pile in

    By Ian Sayson and Jonathan Burgos Philippines is poised to become the first Asian equity market to crawl back from a bear market this year, rising 20 percent from its closing low reached on Jan. 21. The Philippine Stock Exchange Index climbed 1.3 percent to 7,304.79 in Manila, set for the highest close since Oct. 27, as SM Investments Corp. and Ayala Corp. paced gains. A 20 percent gain from the low at the close of the day is considered by many to be a bull market. Other benchmark indexes in Asia are close behind Manila, as emerging markets recover from a 22 percent drop from a November peak. Taiwan and Indonesia benchmark indexes are up 19 percent from last year’s lows, while Thailand equities have jumped 13 percent from a January low. The …

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Asia markets extend Fed-fuelled rally, Tokyo hit by yen

  Hong Kong, China - Asian markets extended their gains Friday on the lingering effects of the Federal Reserve's lower interest rate outlook, but Tokyo stocks sank as a surging yen crippled Japan's exporters. The Fed's decision Wednesday to scale back its forecasts on hiking borrowing costs -- citing global turmoil and weak growth -- was greeted with relief across most trading floors on Thursday, with shares rallying from Asia to the Americas. It also provided a boost for emerging market currencies and sent the dollar tumbling, which in turn provided a boost to dollar-priced crude oil, with both main contracts surging above $40. And the positive trend continued Friday, with most equities markets and emerging currencies pushing on with more gains. "Markets are still settling down after the more-dovish- than-expected Fed," Philip Borkin, a senior economist …

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Asian markets rally ahead of key central bank meetings

  by Daniel LEUSSINK Tokyo, Japan  -- Markets across Asia rose Monday ahead of a string of key central bank meetings, and as the new head of China's new market regulator hinted at more action to support volatile mainland bourses. The Bank of Japan starts a two-day meeting Monday, while the Federal Reserve and Bank of England also hold meetings this week. Markets are keen to see if Japanese policymakers unleash fresh stimulus, after launching a widely-panned negative interest rate policy in January, while the Fed meeting will be watched for clues about a possible timeline for more rate hikes. The meetings come after the European Central Bank last week cut rates and boosted its bond-buying in a bid to kickstart the tepid eurozone economy. "Central banks are going to be dominating market sentiment," Matthew Sherwood, head of …

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