Europe’s main stock markets were little changed Thursday despite interest rate cuts by the eurozone and Swiss central banks as policymakers warned of economic and political woes in the region and beyond.Wall Street shares pulled back a day after the tech-heavy Nasdaq topped 20,000 points for the first time.The Paris CAC 40 index ended the day …
European stock markets rose Thursday as the Swiss central bank made a bigger-than-forecast interest rate cut before eurozone policymakers are expected to trim the bloc’s own borrowing costs again.The Swiss National Bank surprised markets with a 50-basis-point reduction in its rate, citing slowing inflation and “uncertainty” over the global economy due to future US policies …
European stocks rise after surprise Swiss rate cut Read More »
Equities mostly rose in Asian trade on Thursday following another record day on Wall Street fuelled by inflation data that reinforced expectations for a US interest rate cut next week, while traders also remained hopeful for more measures to stimulate China’s economy.Seoul’s Kospi pushed higher for a third straight day, eating further into the losses …
Asian markets rise after Wall St record; eyes on China Read More »
South Korea’s flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after first expressing its takeover intentions.With the acquisition of a 63.88 percent stake, Korean Air said it had invested 1.5 trillion won in the merger, “making Asiana …
Korean Air buys majority stake in rival Asiana Airlines Read More »
Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media.Traditional media companies the world over are in a battle for survival as precious advertising dollars are hoovered up online.Australia wants big tech …
Australia to force tech titans to pay for news shared on platforms Read More »
Equities swung in Asian trade Thursday following another record day on Wall Street fuelled by inflation data that reinforced expectations for a US interest rate cut next week, while traders also remained hopeful for more measures to stimulate China’s economy.Seoul’s Kospi ticked higher for a third straight day, eating further into the losses sustained in …
Asian markets fluctuate after Wall St record; eyes on China Read More »
Canada’s largest province would be prepared to cut off energy exports to the US if President-elect Donald Trump imposes his promised tariffs on Canadian goods, Ontario’s premier said Wednesday. Ontario Premier Doug Ford made the threat after a virtual meeting with Prime Minister Justin Trudeau, who shared details of the federal government’s plan to counter Trump’s …
Canadian province threatens to cut energy exports to US over tariffs Read More »
American and European stock markets mostly rose on Wednesday after inflation data cemented expectations that the US Federal Reserve will trim interest rates next month.While the Dow fell slightly, the other two major US indices advanced, led by the tech-rich Nasdaq, which piled on almost two percent to close above 20,000 points for the first time.The …
Nasdaq surges above 20,000 after US inflation data matches estimates Read More »
Economic officials in outgoing President Joe Biden’s administration are set to meet their Chinese counterparts this week for talks, in a final effort to strengthen ties before Donald Trump’s White House return.The talks come as Treasury Secretary Janet Yellen stressed in an interview Wednesday the need for “ongoing communications at all levels” to avoid needless …
US-China officials to hold economic talks before Trump return Read More »
US and European stock markets mostly rose on Wednesday after inflation data cemented expectations that the Federal Reserve will trim interest rates next month.Wall Street’s three main indexes pushed higher at the opening bell after November consumer inflation figures were in line with analyst expectations.The consumer price index (CPI) rose to 2.7 percent last month from a …
Stocks mostly rise as US inflation data boosts rate cut hopes Read More »
