Stocks wobbled to a mixed close on Wall Street Friday, but every major index notched weekly gains in a holiday-shortened week. Investors faced a relatively quiet day, though concerns about inflation, high interest rates and a potential recession still hover over Wall Street. Markets were closed on Thursday for the Thanksgiving holiday and closed at…
By Rae Wee SINGAPORE (Reuters) – The U.S. dollar stood close to a three-month low and was headed for a weekly loss on Friday, as the prospect of the Federal Reserve slowing monetary policy tightening as soon as December preoccupied investors and kept the mood buoyant. Trading was thin overnight due to the Thanksgiving holiday…
By Kevin Buckland TOKYO (Reuters) – U.S. long-term Treasury yields sank to a more than seven-week trough on Friday while the dollar dropped back toward recent lows against major peers as markets continued to digest dovish signals from the Federal Reserve. Expectations of a less aggressive pace of U.S. monetary tightening from as soon as…
TOKYO (AP) — Japanese prosecutors raided the headquarters of major advertising company Dentsu on Friday, as the investigation into corruption related to the Tokyo Olympics widened. Major local TV broadcasters showed Tokyo District Prosecutors and Japan Fair Trade Commission officials entering Dentsu headquarters. Dentsu dominates event organizing, marketing and public relations in Japan. It helped…
By Sonali Paul and Trixie Sher Li Yap SINGAPORE (Reuters) -Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures rose by 28 cents, or 0.33%, to trade at $85.62 a barrel…
By Phuong Nguyen HAI PHONG, Vietnam (Reuters) -Vietnam’s electric vehicle maker VinFast said on Friday it had shipped its first batch of 999 cars to the United States, capping a five-year bid to develop an auto production hub in the Southeast Asian country for markets in North America and Europe. The first cars are expected…
TAIPEI (Reuters) – More than 20,000 employees, most of them were new hires not yet working on the production line, have left Apple supplier Foxconn’s Zhengzhou plant in China, a Foxconn source familiar with the matter told Reuters on Friday. The person said the departure was set to complicate the company’s previous target to resume…
By Sonali Paul MELBOURNE (Reuters) – Oil rose in early trade on Friday, trimming some of the week’s losses which have been driven by worries about Chinese demand and expectations a high price cap planned by the Group of Seven (G7) nations on Russian oil will keep supply flowing. Brent crude futures inched up 13…
By Jamie McGeever ORLANDO, Fla. (Reuters) – As Wall Street reopens after the Thanksgiving holiday, investors are looking for one final push to ensure 2022 ends up being merely grim rather than the bloodbath most had feared. Since hitting a two-year low in October, the S&P 500 has rebounded 15% even though interest rates, Fed…
(Changes day in first paragraph to Friday instead of Thursday) MADRID (Reuters) -An amended windfall tax proposal for Spanish banks and large energy companies cleared its first hurdle in parliament in the early hours of Friday with the backing of the leftist ruling coalition and several regional parties. Some parties in Spain’s northern regions, where…
