The yuan briefly climbed to its strongest level since July 2018, presenting China’s central bank with another test of how much appreciation it will tolerate.
Australian consumer spending fell in September, the first back-to-back monthly decline this year, as demand eased in industries like food and household goods that have remained buoyant during Covid restrictions.
South Korea’s early trade data showed exports falling in October driven by fewer working days, while daily average shipments continued to recover on resilient tech demand.
An AI fund which has almost doubled the performance of the S&P 500 Index this year isn’t buying into bets on a rebound in cyclical stocks.
Facebook Inc. is building a feature for users of its social network to connect with their neighbors, a push toward more intimate interactions that treads on the idea behind rival Nextdoor Inc., which is considering a public offering.
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