Japan's stock market emerges as clear winner of Suga's abrupt resignation

TOKYO/SINGAPORE (Reuters) – While the race for ruling party leader remains wide open, the Japanese stock market has emerged as a clear winner of Prime Minister Yoshihide Suga’s abrupt departure, with the broad Topix index soaring to 31-year highs.FILE PHOTO: FILE PHOTO: Japanese Prime Minister Yoshihide Suga attends a news

China's economy under pressure as factory activity slows in Aug, services contract

BEIJING (Reuters) – China’s businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace while the services sector slumped into contraction, raising the likelihood of more near-term policy support to boost growth.FILE PHOTO: A worker wearing a face mask works on

Asian shares rise on dovish Fed prospects but China caps gains

HONG KONG (Reuters) – Asian shares perked up and the dollar fell to two-week lows on Monday after U.S. Federal Reserve Chairman Jerome Powell struck a dovish tone at the central bank’s long-awaited symposium, although investors remained cautious about prospects in China.FILE PHOTO: A man wearing a protective face mask,

Stocks fall, U.S. yields rise after Fed officials focus on taper timeline

NEW YORK (Reuters) – Global equity markets slipped while U.S. Treasury yields rose to two-week highs on Thursday after two hawkish Federal Reserve officials called for the U.S. central bank to start ending its bond-buying program ahead of a key speech by Fed Chair Jerome Powell.FILE PHOTO: A Wall Street

Analysis-Investors see no speed bump in Fed's Jackson Hole event

CHICAGO/NEW YORK (Reuters) – Despite weeks of anticipation, investors have lowered their expectations for Friday’s Jackson Hole event here, saying that U.S. Federal Reserve Chair Jerome Powell has little reason to rock the boat.FILE PHOTO: Federal Reserve Chair Jerome Powell and New York Federal Reserve President John Williams walk together,

Wall St extends rally, pushing S&P 500 to 50th all-time high close this year

NEW YORK (Reuters) – Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA’s full approval of a COVID-19 vaccine on Monday and the absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium.FILE PHOTO: A person waits on the

Futures rebound as oil stocks jump; PMI data in focus

(Reuters) – U.S. stock index futures rose on Monday, with oil shares leading the pack, as investors returned to riskier assets after a sharp selloff last week on worries about a slowing pace of U.S. economic growth.Signage hangs over the trading floor at the New York Stock Exchange (NYSE) in

Afghanistan: US president Joe Biden promises to get Americans home but admits ‘cannot promise’ final outcome

President Joe Biden has told US citizens stuck in Afghanistan and allies who worked alongside American forces “we will get you home”, but admitted he cannot promise what the “final outcome” of the troop withdrawal will be. In a news conference at the White House, he admitted images of people

Swiss can easily afford net zero transition with 2% GDP outlay – study

ZURICH (Reuters) – Switzerland only needs to invest 2% of its gross domestic product annually over the next three decades to become carbon neutral by 2050, a banking study published on Thursday found.FILE PHOTO: The Eiger, Guggi and Giesen Glaciers are pictured near the Jungfrau in the Swiss Alps in

Lowe's forecasts higher sales as big-ticket purchases offset DIY slowdown

FILE PHOTO: Shoppers load a box of merchandise into a truck after visiting a Lowe’s hardware store in Philadelphia, Pennsylvania, U.S. November 4, 2020. REUTERS/Mark Makela (Reuters) -Lowe’s Cos Inc forecast full-year sales above estimates on Wednesday, as higher spending on big-ticket items offset some of the slowdown in demand