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 »
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 »
US and European stock markets rose on Wednesday after inflation data cemented expectations that the Federal Reserve will trim interest rates next month.Wall Street’s three main indexes snapped 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 year …
Stocks rise as US inflation data boosts rate cut hopes Read More »
Stock markets struggled for direction Wednesday as traders awaited key US inflation data with the Federal Reserve expected to cut interest rates next week.Traders were also keeping tabs on China to see if it will announce further measures to support its struggling economy.Seoul extended Tuesday’s rebound, though political uncertainty after South Korean President Yoon Suk …
Stocks struggle for direction before US inflation data Read More »
Markets diverged on Wednesday ahead of US inflation data that could play a key role in the Federal Reserve’s interest rate decision next week, while traders were also keeping tabs on Beijing hoping for more economic support measures.Seoul extended Tuesday’s rebound rally, though political uncertainty after South Korean President Yoon Suk Yeol’s brief imposition of …
Asian markets mixed ahead of US inflation data, eyes on China Read More »
Nippon Steel on Wednesday slammed the “inappropriate” influence of politics on its planned takeover of US Steel after a media report said President Joe Biden would block it.The deal worth $14.9 billion including debts is being reviewed by a body in Washington that assesses foreign takeovers of US firms.Bloomberg News, citing people close to the …
Nippon Steel slams ‘inappropriate’ politics in US deal Read More »
China’s leadership will gather Wednesday to hammer out plans to boost the economy next year, reports said, as they look to address weak domestic demand and the possibility of a deepening trade war with the United States.The annual Central Economic Work Conference (CEWC) is being closely watched by investors for signs of coming stimulus to …
China’s leaders to chart economic plans for 2025: report Read More »
