Asian markets sank Thursday and the dollar held gains following a severe sell-off on Wall Street that came after the Federal Reserve halved its rates outlook and boss Jerome Powell warned officials’ focus was back on fighting inflation.Attention now turns to the Bank of Japan as it holds its own policy meeting with debate swirling …
Asian markets track Wall St rout as Fed pares rate-cut forecast Read More »
As the US Supreme Court considers whether to uphold a law that could get TikTok banned in the United States, here is a look at the rise of the video-snippet social app.- Genesis -In 2016, Beijing-based ByteDance launched Douyin, a short video sharing app, making it available only in China.ByteDance released TikTok for the international …
TikTok’s rise from fun app to US security concern Read More »
Wall Street stocks tumbled and the dollar rallied Wednesday after the Federal Reserve lowered borrowing rates again but projected fewer 2025 interest rate cuts in light of lingering inflation concerns.US indices lurched lower following the 1900 GMT Fed announcement of the actions but fell further during and after Federal Reserve Chair Jerome Powell’s news conference.All …
US stocks tumble, dollar rallies as Fed signals fewer 2025 rate cuts Read More »
The US Supreme Court agreed on Wednesday to hear TikTok’s appeal of a law that would force its Chinese owner to sell the online video-sharing platform or shut it down.The top court scheduled oral arguments in the case for January 10, nine days before TikTok faces a ban unless ByteDance divests from the popular app.The …
Stock markets mostly edged higher while the dollar rose against main rivals Wednesday ahead of an expected decision by the US Federal Reserve to cut interest rates. Shares in Nissan soared more than 20 percent on reports that the Japanese car titan is in merger talks with rival Honda.”Stock markets have found their footing after a …
Stocks and dollar edge higher before Fed rate decision Read More »
Stock markets moved sideways while the dollar edged higher against main rivals Wednesday with the US Federal Reserve expected to cut interest rates. Shares in Nissan soared more than 20 percent on reports that the Japanese car titan is in merger talks with rival Honda.The Fed is widely expected to cut borrowing costs for a third …
Stock steady, dollar climbs before Fed rate decision Read More »
Stock markets mostly climbed and the dollar steadied against main rivals Wednesday with the US Federal Reserve set to cut interest rates. Shares in Nissan soared more than 20 percent on reports that the Japanese car titan is in merger talks with rival Honda.The Fed is widely expected to cut borrowing costs for a third time …
Stock markets, dollar climb before Fed rate decision Read More »
Japanese auto giants Honda and Nissan are in preliminary merger talks to help them compete against Tesla and Chinese electric vehicle makers, media reports said Wednesday.Shares in Nissan soared as much as 24 percent, while Honda dipped more three percent. Mitsubishi Motors — of which Nissan is the top shareholder — gained almost 20 percent.Japan’s …
Japanese carmakers Honda, Nissan in preliminary merger talks: reports Read More »
Asian markets swung Wednesday ahead of the Federal Reserve’s much-anticipated policy announcement, while shares in Japanese car titan Nissan soared more than 20 percent after reports said it was in merger talks with rival Honda.There were few catalysts to drive region-wide activity before the US central bank’s interest rate decision, with Wall Street providing a …
Asian markets mixed ahead of Fed news, Nissan soars on merger reports Read More »
Shares in Japanese chipmaker Kioxia closed 10 percent higher in Tokyo on Wednesday after an initial public offering that valued the firm at more than $5 billion.Formerly the semiconductor unit of Japanese engineering giant Toshiba, the firm is the world’s third-largest producer of NAND flash memory chips.It was acquired by US investment firm Bain Capital …
Shares in Japan chipmaker Kioxia jump 10% on Tokyo debut Read More »
