AFP Asia Business
Bank of Japan warns of ‘high uncertainties’ after election
The Bank of Japan warned Thursday of “high uncertainties” following the ruling party’s worst election result in 15 years, as it kept interest rates unchanged.Prime Minister Shigeru Ishiba’s coalition lost its majority in Sunday’s snap vote, likely forcing him to head a minority government with support from other parties to pass legislation.Businesses and economists worry …
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China factory output expands for first time in six months
China’s manufacturing output expanded this month for the first time since April, official data showed Thursday, rare good news for leaders struggling to boost activity in the world’s second-largest economy.The country is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt — all of which threaten Beijing’s official growth …
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Asian stocks uneven after shaky Wall Street lead
Asian stocks got off to an uneven start on Thursday following a weak lead from Wall Street, though better-than-expected manufacturing data from China provided a glimmer of good news for Beijing.Investors appeared to be in a wait-and-see mood ahead of a coin-toss US election, and after a widely expected decision by the Bank of Japan …
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Stocks mostly retreat, bitcoin close to record high
Stock markets largely fell Wednesday as investors digested a mixed bag of economic data and corporate reports, while bitcoin traded close to its record high ahead of the US presidential election.The three main US stock indices lost ground while major European markets closed sharply lower as well.Google-parent Alphabet was up almost three percent in New …
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