Singapore stocks rose on strong economic data, while Thailand gained for a third session on Friday, with both markets boosted by firmer global oil prices on likely further output cuts by producer club OPEC aimed at reducing a supply overhang.
TOKYO- Shares in Japan’s Toshiba sank 10 percent last Friday, after rating agency S&P Global said it could slash the conglomerate’s rating if financial support from lenders includes any form of debt restructuring.
TOKYO- Confidence among Japanese manufacturers rose for a sixth straight month in February to a 2-1/2 year high but the service sector’s mood fell for the first time in four months, a Reuters poll showed, underscoring the export-led nature of the economic recovery.
Snap Inc. owner of the popular messaging app Snapchat, set a lower-than-expected valuation range, amid mounting investor concern over its unproven business model, slowing growth and tight founder control.
ZURICH- Allianz Europe’s largest insurer, proposed spending 3 billion euros ($3.2 billion) on buying back its own shares after the Munich-based firm posted higher than expected profits and said it was adjusting its policy on budgeting for possible takeovers.
NEW YORK- The Federal Reserve aims to raise US interest rates in the months ahead as long as the economy continues to grow a bit above its trend and if, as expected, fiscal policies provide a boost, an influential Fed policymaker said.
TOKYO- Japan’s attempts to revive anemic consumer spending through unconventional monetary policy have created new problems for the central bank in its daily dealings with financial markets, as rising global yields muddle its efforts to manage local rates.
WASHINGTON- U.S. President Donald Trump on Wednesday called tax code revisions a critical way to boost the nation’s economy as he kicked off a White House meeting with chief executive officers of Target Corp Best Buy Co Inc and six other major retailers.
WASHINGTON- The Federal Reserve will likely need to raise interest rates at an upcoming meeting, Fed Chair Janet Yellen said, although she flagged considerable uncertainty over economic policy under the Trump administration.
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