Asian stocks rose, sending the MSCI Asia Pacific Index to a fifth monthly gain, as earnings from Sony Corp. and Datang International Power Generation Co. and a commodities rally spurred confidence economies are recovering , Bloomberg reports.
However, going forward, increased capital-raising activity and surging fund flows into the region are expected to bolster exchange revenues amid blazing stock market rallies.
The MSCI index of Asia-Pacific stocks outside Japan .MIAPJ0000PUS has soared about 45 percent this year as investors bet Asia will lead the global economy out of recession , Reuters reports.
Meanwhile, in Japan, electronics and entertainment giant Sony Corp. posted a smaller loss than forecast. Also lifting sentiment were results from leading Western companies like U.S. electronics giant Motorola Inc., which posted a surprise profit, and British telecom firm BT Group PLC , The Associated Press reports.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
Not that long ago, American soldiers would train their skills to counter insurgent and partisan military organizations. These days, they are trained to show resistance to the regular army of a potential adversary
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America