AFP Asia Business
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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Bank of Japan leaves main interest rate unchanged
The Bank of Japan kept its main interest rate unchanged on Thursday, as widely expected, warning of “high uncertainties surrounding Japan’s economic activity and prices”.The decision comes amid market uncertainty ahead of US presidential elections on November 5 and following Japanese polls on Sunday that was the worst outcome for the ruling party since 2009.The …
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