Page 360 - Bkr News Today

The Commonwealth Bank has completed its sale of its 55% interest in Colonial First State to private equity firm KKR.

Asian stocks rose from a one-year low on Wednesday as U.S. share futures and oil recovered from the previous day's selloff, but uncertainty over the impact of the Omicron coronavirus variant kept investors on edge.

U.S. Secretary of Defense Lloyd Austin and other top military officials were set to gather in South Korea on Wednesday to discuss the future of their military alliance and plans to counter threats from North Korea.

A U.N. peacekeeping conference expected to draw more than 700 people to Seoul next week from 155 nations will now be held online instead, as concerns grow over the Omicron variant of coronavirus, South Korean officials said on Wednesday.

U.S. and European share futures jumped on Wednesday, oil rose and Asian stocks were heading for their best day in nearly two months as traders reversed course after a sharp selloff the day before took the regional benchmark to a 12-month low.

South Korea reported on Wednesday a new daily record of 5,123 new coronavirus cases, as it battles to contain a sharp rise in patients with severe symptoms and stave off the Omicron variant.

South Korea's November crude oil imports surged 13.8% to 79.1 million barrels from a year earlier, preliminary data from the Ministry of Trade, Industry and Energy showed on Wednesday.

South Korea's won rallied to a two-week high and shares rebounded on Wednesday on encouraging domestic trade data, while the leisure sector dragged Philippine stocks lower by almost 4% as trade resumed after a holiday.

The South Korean won rallied to a two-week high and its share market rebounded on Wednesday on encouraging domestic trade data, while the leisure sector dragged Philippine stocks lower by almost 4% on resumption of trade after a holiday.

The Biden administration could adjust the timing of its planned release of strategic crude oil stockpiles if global energy prices drop substantially, U.S. Deputy Energy Secretary David Turk told Reuters on Wednesday.