Asia Business

Asian markets diverge ahead of Fed news, Nissan soars on merger reports

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 …

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One billion users, but controversies mount up for TikTok

TikTok’s breakneck rise from niche video-sharing app to global social media behemoth has drawn intense scrutiny, particularly over its links to China.The platform faces accusations of espionage in the United States, while the European Union has launched an investigation into claims it was used to sway Romania’s presidential election in favour of a far right …

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Stock markets mostly drop ahead of Fed policy update

Major stock markets mostly fell Tuesday as attention turned to the US Federal Reserve’s upcoming policy decision, with traders hoping for guidance on its interest rate plans as President-elect Donald Trump prepares to take office.Wall Street’s major indices slid, with the Nasdaq Composite coming off a record high despite solid US retail sales data.”Investors are …

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Japan’s Honda and Nissan to begin merger talks: report

Japanese auto giants Honda Motor and Nissan Motor will enter talks on a merger aimed at helping them compete against Tesla and other electric vehicle makers, newspaper Nikkei reported early Wednesday.The two firms are looking to operate under a single holding company and will soon sign a memorandum of understanding for the new entity, according …

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Stock markets mostly drop awaiting Fed policy update

Major stock markets mostly fell Tuesday as attention turned to the Federal Reserve’s upcoming policy decision, with traders hoping for guidance on its interest rate plans as president-elect Donald Trump prepares to take office.Wall Street’s major indices fell at the opening bell, having ended the previous day mostly higher with Asia unable to pick up …

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Markets mostly down as Fed gears up for interest rate decision

Most markets fell Tuesday as attention turned to the Federal Reserve’s upcoming policy decision, with traders hoping for guidance on its interest rate plans as president-elect Donald Trump prepares to take office.The decision, which is expected to see officials lower borrowing costs again, comes in a busy week for central banks, with announcements in Japan …

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Asian markets drop as Fed gears up for interest rate decision

Most Asian markets fell Tuesday as attention turned to the Federal Reserve’s upcoming policy decision, with traders hoping for guidance on its interest rate plans as president-elect Donald Trump prepares to take office.The decision, which is expected to see officials lower borrowing costs again, comes in a busy week for central banks, with announcements in …

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