AFP Asia Business
US, European, Chinese firms seek to draw Vietnam arms deals from Russia
Major US weapons manufacturers including Boeing and Lockheed Martin, along with Europe’s Airbus and Chinese firms, put their wares on show at an arms fair in Hanoi Thursday as Vietnam looks to diversify its defence supplies away from Russia.A US Air Force A-10 Thunderbolt attack aircraft and a C-130 Super Hercules transport were on the …
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Stock markets decline as Fed eyes fewer rate cuts
European and Asian stock markets slid Thursday following sharp losses on Wall Street as the Federal Reserve signalled fewer cuts to US interest rates next year.In a busy week for rate decisions, the Fed on Wednesday trimmed borrowing costs by a quarter point but halved the number of similar cuts it expects to carry out …
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Markets track Wall St down after Fed forecast, BoJ hits yen
Equity markets sank Thursday following a severe sell-off on Wall Street that came after the Federal Reserve halved its rates outlook, while the yen weakened as the Bank of Japan decided against a hike.All three main indexes in New York were sent spinning Wednesday — led by a rout in high-flying tech titans — after …
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Sony buys 10% of ‘Elden Ring’ owner for $320 mn
Japanese electronics titan Sony said Thursday it had paid more than $300 million for a 10 percent stake in the media conglomerate behind the smash-hit game ‘Elden Ring’.Kadokawa, which is known for producing anime and publishing books including manga comics, said last month that Sony had made an approach to the firm, sending the media …