US and European stock markets advanced Friday as traders shrugged off disappointment over China’s latest boosts to its beleaguered economy and reacted to political and business developments.Wall Street stocks opened higher, rebounding from losses following concerning inflation data.Shares in semiconductor manufacturer Broadcom jumped more than 19 percent on AI growth prospects and upscale home furnishing …
The UK, Italy and Japan on Friday launched a joint venture to develop a supersonic next-generation fighter jet by 2035, replacing the Eurofighter Typhoon.Britain’s BAE Systems, Italy’s Leonardo and Japan Aircraft Industrial Enhancement Co Ltd (JAIEC) will each hold a 33.3 percent share in the new venture, “marking a pivotal moment for the international aerospace …
UK, Italy, Japan to develop next-generation fighter jet Read More »
Stock markets diverged Friday as traders were disappointed by China’s latest boosts to its beleaguered economy and looked ahead to a key US Federal Reserve meeting next week.A tepid week was on course for a damp finish, with Wall Street offering a negative lead after fresh data pointing to a pick-up in inflation.Hong Kong and …
Markets diverge as China economic pledges disappoint Read More »
Markets fell Friday as China’s latest vows to boost the beleaguered economy failed to stir much excitement, while traders looked ahead to a key Federal Reserve policy meeting next week.A tepid week was on course for a damp finish, with Wall Street offering a negative lead after fresh data pointing to a pick-up in inflation.Hong …
Markets retreat as China pledges fail to spark excitement Read More »
Asian markets fell Friday as China’s latest vows to boost the beleaguered economy failed to stir much excitement, while traders looked ahead to a key Federal Reserve policy meeting next week.A tepid week was on course for a damp finish, with Wall Street offering a negative lead after fresh data pointing to a pick-up in …
Asian markets retreat as China pledges fail to spark excitement Read More »
Europe’s main stock markets were little changed Thursday despite interest rate cuts by the eurozone and Swiss central banks as policymakers warned of economic and political woes in the region and beyond.Wall Street shares pulled back a day after the tech-heavy Nasdaq topped 20,000 points for the first time.The Paris CAC 40 index ended the day …
European stock markets rose Thursday as the Swiss central bank made a bigger-than-forecast interest rate cut before eurozone policymakers are expected to trim the bloc’s own borrowing costs again.The Swiss National Bank surprised markets with a 50-basis-point reduction in its rate, citing slowing inflation and “uncertainty” over the global economy due to future US policies …
European stocks rise after surprise Swiss rate cut Read More »
Equities mostly rose in Asian trade on 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 pushed higher for a third straight day, eating further into the losses …
Asian markets rise after Wall St record; eyes on China Read More »
South Korea’s flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after first expressing its takeover intentions.With the acquisition of a 63.88 percent stake, Korean Air said it had invested 1.5 trillion won in the merger, “making Asiana …
Korean Air buys majority stake in rival Asiana Airlines Read More »
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 »
