Chinese President Xi Jinping on Friday presided over the inauguration of new Macau leader Sam Hou-fai, capping off a three-day visit as the former Portuguese colony marks 25 years since being returned to China.Sam, who served as president of Macau’s apex court since the 1999 handover, was the sole candidate in October’s leadership race and received …
Japanese inflation accelerated in November, with prices rising 2.7 percent on-year partly because of higher energy costs, government data showed Friday.The core Consumer Price Index (CPI), which excludes volatile fresh food prices, topped market expectations and was up from 2.3 percent in October.The reading remained above the Bank of Japan’s two percent inflation target, set …
Chinese President Xi Jinping will preside over a day of celebrations in Macau and inaugurate the city’s new leader on Friday as the former colony marks 25 years since being returned to China.Macau is regarded by China as a shining example of its “One Country, Two Systems” model, and Xi praised the city as a “pearl …
China’s Xi to lead Macau handover anniversary celebrations Read More »
Japanese inflation accelerated in November, with prices rising 2.7 percent on-year partly due to higher energy costs, government data showed Friday.The core Consumer Price Index (CPI), which excludes volatile fresh food prices, topped market expectations and was up from 2.3 percent in October.It remained above the Bank of Japan’s key two percent inflation target, set …
Global stocks mostly fell Thursday as markets digested fresh central bank decisions and a rebound effort on Wall Street faded while US Treasury bond yields climbed further.US indices bounced early in the day, but the attempted rally faded as the yield on the 10-year US Treasury note rose above 4.5 percent. The Fed on Wednesday …
Global stocks mostly fall as US Treasury yields climb Read More »
Macau on Friday will welcome a new leader who has criticised the “barbaric expansion” of the casino industry and vowed to diversify the city’s economy to align it with China’s development goals.Sam Hou-fai, 62, is set to be sworn in as Macau’s next chief executive on Friday by Chinese President Xi Jinping, after a one-horse …
Sam Hou-fai: Macau’s top judge turned city leader Read More »
Wall Street stocks rebounded Thursday from sharp losses over the prospect of fewer US rate cuts next year despite the looming threat of a government shutdown.The plunge in New York after the Federal Reserve signalled Wednesday fewer cuts to US interest rates next year dragged down equities in Asia and Europe.The dollar initially rallied on …
Wall Street stocks rebound despite government shutdown threat Read More »
Major US weapons manufacturers including Boeing and Lockheed Martin, along with Europe’s Airbus and Chinese firms, put their wares on show at an arms fair in Hanoi Thursday as Vietnam looks to diversify its defence supplies away from Russia.A US Air Force A-10 Thunderbolt attack aircraft and a C-130 Super Hercules transport were on the …
US, European, Chinese firms seek to draw Vietnam arms deals from Russia Read More »
European and Asian stock markets slid Thursday following sharp losses on Wall Street as the Federal Reserve signalled fewer cuts to US interest rates next year.In a busy week for rate decisions, the Fed on Wednesday trimmed borrowing costs by a quarter point but halved the number of similar cuts it expects to carry out …
Stock markets decline as Fed eyes fewer rate cuts Read More »
Equity markets sank Thursday following a severe sell-off on Wall Street that came after the Federal Reserve halved its rates outlook, while the yen weakened as the Bank of Japan decided against a hike.All three main indexes in New York were sent spinning Wednesday — led by a rout in high-flying tech titans — after …
Markets track Wall St down after Fed forecast, BoJ hits yen Read More »
