Asian Stocks to Drop as Traders Rethink Rate Cuts: Markets Wrap
Stocks hovered below this week’s record levels as dialed-down bets for Federal Reserve policy easing prompted a pull-back from riskier assets.
Stocks hovered below this week’s record levels as dialed-down bets for Federal Reserve policy easing prompted a pull-back from riskier assets.
The French government is moving to regain full control of the Pacific territory of New Caledonia, High Commissioner Louis Le Franc said, as extra security forces arrive in the archipelago to end a week of violent protests by pro-independence groups.
The additional income stream is a welcome boost for US dairy producers, who’ve had a tough couple of years selling milk.
Xi Jinping’s government announced its most forceful attempt yet to rescue the beleaguered Chinese property market, relaxing mortgage rules and urging local governments to buy unsold homes as authorities become increasingly concerned about the sector’s drag on economic growth.
The biggest shareholder in Thames Water wrote off the entire value of its stake after the utility plunged deeper into financial crisis.
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