The yen rallied Friday after forecast-busting inflation data out of Tokyo boosted talk of another Japanese interest rate hike next month, while equity markets were mixed as traders weigh the economic outlook during a second Trump administration.With Wall Street closed for the Thanksgiving break, there were few catalysts to drive business heading into the weekend …
Yen rallies on rate hike bets as equity markets swing Read More »
Hong Kong property developer New World Development said on Friday that Eric Ma will step down as chief executive officer after having spent just two months on the job.The sprawling business empire, run by Hong Kong’s third-richest family, reported an annual loss of over US$2.5 billion in late September. Former Hong Kong development minister Ma took …
Hong Kong’s New World Development replaces CEO after two months Read More »
Japan’s unpopular minority government approved on Friday an extra budget to help pay for a massive stimulus package after the ruling coalition’s worst election result in 15 years.The hoped-for lift to the economy is also aimed at boosting Prime Minister Shigeru Ishiba’s popularity after a gaffe-riddled start including an embarrassing video of him eating.The extra …
