HONG KONG, Oct 17 (APP/AFP): Most Asian markets swung lower Monday following healthy gains at the end of last week, as investors bet that the Federal Reserve will raise interest rates before the end of the year. Shares had soared Friday after data showed the first rise in Chinese factory prices for more than four […]
Business News
Asia stocks fall as talk grows of Fed rate rise
-
European stocks fall at open
LONDON, Oct 17, (APP/AFP) – European stock markets dropped at the open Monday, with attention fixed on central bank policy before an ECB meeting this week and speculation on the outlook for US borrowing costs. London’s benchmark FTSE 100 index slipped 0.3 percent to 6,990 points compared with the close on Friday. In the eurozone, […]
-
Tokyo stocks open higher
TOKYO, Oct 17, (APP/AFP) – Tokyo stocks opened higher on Monday as a weak yen lifted automakers and other exporters. The benchmark Nikkei 225 index gained 0.15 percent, or 24.46 poins, to 16,880.83 in the first few minutes while the Topix index of all first-section issues was up 0.09 percent, or 1.18 points, at 1,348.37.
-
Hong Kong stocks dip at open
HONG KONG, Oct 17, (APP/AFP) – Hong Kong shares slipped in the opening minutes of trade Monday as profit-takers moved on following a rally at the end of last week. The Hang Seng Index fell 0.30 percent, or 68.77 points, to 23,164.54. But in Shanghai, the benchmark composite index was flat, edging up 0.88 points […]
-
El Salvador prevails in $250 mn mining trade dispute
WASHINGTON, Oct 15 (APP/AFP) – A World Bank arbitration panel on Friday found in favor of El Salvador in a $250 million dispute brought by a mining company over a gold concession. The panel at the International Center for Settlement of Investment Disputes also awarded legal costs to the Central American country, finding that the […]
-
US 2016 deficit jumps but less than forecast
WASHINGTON, Oct 15 (APP/AFP) – After falling for several years, the US budget deficit jumped nearly 34 percent in fiscal 2016, the Treasury Department announced Friday, but the shortfall was still smaller than originally planned. The Obama administration’s budget for the year to September 30 came in with a $587 billion deficit, out of $3.85 […]