Asia Business

Xi inaugurates South America’s first Chinese-funded port in Peru

Chinese President Xi Jinping on Thursday inaugurated Latin America’s first Beijing-funded port in Chancay, Peru — a symbol of the Asian superpower’s growing influence on the continent as it prepares to face off with a new Donald Trump administration.The $3.5-billion complex, about 50 miles (80 kilometers) north of Lima, is meant to serve as a …

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US stocks fall as traders weigh future Fed cuts, Trump moves

US stocks slipped Thursday as investors digested comments from Federal Reserve Chair Jerome Powell, while worries over Donald Trump’s presidency clouded optimism.Bitcoin dipped below the $90,000 level after striking a record of $93,462 on Wednesday. Observers are expecting it to soon top $100,000 following pro-crypto pledges from the US president-elect.Investors were looking to a speech Thursday …

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US stocks wobble as traders weigh future Fed cuts

US stocks wobbled on Thursday as investors waited for more clues about future interest rate cuts and worries over Donald Trump’s presidency clouded optimism.Bitcoin dipped below $90,000 level after striking a record of $93,462 on Wednesday. Observers are expecting it to soon top $100,000 following pro-crypto pledges from the US president-elect.Investors were looking to a speech …

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Stock markets rise as traders weigh future Fed cuts

US and European stocks rose on Thursday as investors waited for more clues about future interest rate cuts, while worries over Donald Trump’s presidency clouded optimism.Bitcoin was trading above the $90,000 level but below Wednesday’s record of $93,462. Observers are expecting it to soon top $100,000 following pro-crypto pledges from the US president-elect.Investors were looking forward …

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Stock markets diverge as traders weigh future Fed cuts

Stock markets diverged on Thursday as investors digested US inflation data that supported the case for another interest rate cut next month, while worries over Donald Trump’s presidency clouded optimism.Bitcoin was trading above the $90,000 level but below Wednesday’s record of $93,462. Observers are expecting it to soon top $100,000 following pro-crypto pledges from the US …

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Most markets drop as traders weigh Fed; bitcoin eases

Markets mostly fell Thursday as investors digested US inflation data that supported the case for another interest rate cut next month, while worries over Donald Trump’s next administration continued to cloud optimism.Bitcoin eased just below the $90,000 level it broke for the first time Wednesday when it hit a record $93,462, with observers expecting it …

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Most Asian markets drop as traders weigh Fed; bitcoin eases

Asian markets mostly fell Thursday as investors digested US inflation data that supported the case for another interest rate cut next month, while worries over the next Donald Trump administration continued to cloud optimism.Bitcoin eased just below the $90,000 level it broke for the first time Wednesday when it hit a record $93,462, with observers …

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