Oil is heading for a weekly loss as lingering concerns over an economic slowdown overshadowed signs of improving US demand.
(Bloomberg) -- Stocks in Asia pared declines Friday and the dollar was around a one-month high as traders weighed some mixed Federal Reserve policy signals on the likely pace of further interest-rate hikes.
Shares of KakaoBank Corp., a South Korean online-only lender, tumbled as much as 13% to a record low after one of its key shareholders sought to raise $320 million in a block trade.
Indonesian President Joko Widodo generated headlines on the Group of 20 summit, a nickel tax and Elon Musk’s Tesla Inc. during an interview on Thursday with Bloomberg News Editor-in-Chief John Micklethwait.
Philippine central bank Governor Felipe Medalla said the series of interest-rate hikes have likely contained domestic inflation, signaling that future policy rate increases would be smaller than recent moves.
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