Asian Shares to Be Pressured, Chipmakers in Focus: Markets Wrap
Global stocks and Asian currencies rallied as authorities pushed back against a stronger dollar, helping restore a sense of confidence in financial markets.
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Global stocks and Asian currencies rallied as authorities pushed back against a stronger dollar, helping restore a sense of confidence in financial markets.
President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.
Freddie Mac is seeking regulatory approval to expand into guaranteeing second mortgages, a shift that would potentially drive down costs for Americans seeking to borrow against the equity in their home.
The US economy has “expanded slightly” since late February and firms reported greater difficulty in passing on higher costs, the Federal Reserve said in its Beige Book survey of regional business contacts.
The City of London approved a plan to build a new office block connected to the Grade 2 listed Barbican Centre on Wednesday, despite opposition from residents.
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