Wall Street shares rose in a holiday-shortened session as the Black Friday shopping spree got under way and traders speculated whether Donald Trump may temper his trade tariff threats.The yen rallied against the dollar as higher inflation in Japan fuelled expectations that the central bank will hike interest rates again.Traders are closing out a rollercoaster …
The yen rallied against the dollar and the euro also advanced versus the US unit Friday as traders reacted to news of higher inflation in Japan and the eurozone.European and Asian stock markets traded mixed before Wall Street reopens from a break Thursday for the Thanksgiving holiday, and as consumers in the United States and …
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 »
