Asian Stocks to Open Higher After US Notches Gains: Markets Wrap
Shares in Asia rose following gains on Wall Street, with focus shifting to key US consumer price data due later Friday.
Shares in Asia rose following gains on Wall Street, with focus shifting to key US consumer price data due later Friday.
The biggest chemicals producer in the United Arab Emirates is pursuing a target in the Asia-Pacific region, even as its biggest shareholder is working on a €30 billion ($32 billion) merger of the company with a unit of Austria’s OMV AG.
Kobayashi Pharmaceutical Co. apologized for five people who died and 114 who were taken ill after ingesting its pills made using red yeast, a purplish-red mold that is commonly grown on rice and used in Asian cooking.
Two of the fixed income securities that best portend economic strains — US junk bonds and the financial sector’s high-grade bonds — are rallying as the economy hums along. The trend may continue as fears of a recession subside.
China will fend off the spillover impact of international financial risks and strike a balance between risk prevention and opening up capital account, deputy head of the country’s foreign exchange regulator Xu Zhibin said at the annual Boao Forum.
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