Asian Stocks to Follow US Rally With Focus on CPI: Markets Wrap
Stocks in Asia rose, following a big tech-led rally in US benchmarks, as investors look to key inflation data later Wednesday for clues on the Federal Reserve’s next steps.
Stocks in Asia rose, following a big tech-led rally in US benchmarks, as investors look to key inflation data later Wednesday for clues on the Federal Reserve’s next steps.
Alphabet Inc.’s YouTube blocked videos of a Hong Kong protest song in the city, days after a local court approved an injunction order to ban the song.
Sony Group Corp.’s stock climbed its most in more than 18 months after it announced a share buyback and a stock split and net income beat estimates in the March quarter.
US President Joe Biden’s plan to hike tariffs on Beijing’s green technology leaves room for companies to avoid duties on solar manufacturing equipment — an exemption that speaks to US reliance on Chinese-made machines to swiftly build out factories, potentially benefitting a small group of niche producers.
Brazil’s President Luiz Inacio Lula da Silva fired Jean Paul Prates, the chief executive of the country’s state-owned oil company, Petroleo Brasileiro SA, following a dispute over dividend payments.
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