The pound fell against the dollar and euro on Wednesday as Britain’s government moved to extend the suspension of parliament, increasing the likelihood of a no-deal Brexit. Meanwhile, global stocks had a mixed day, with Wall Street staging a late rally, shrugging off its fears for the slowing world economy.
Tokyo stocks opened slightly higher on Wednesday, as positive sentiment from China’s announcement of stimulus and bargain-hunting purchases offset the negative impact of losses on Wall Street. The benchmark Nikkei 225 index was up 0.20 percent or 41.11 points at 20,497.19 in early trade, while the broader Topix index was
President Donald Trump cast more doubt on chances for a trade deal with Beijing on Friday, signaling he might cancel talks set for September amid an intensifying US-China trade war. “We’ll see whether or not we keep our meeting in September,” Trump told reporters at the White House before heading
The dovish turn sweeping the global economy gathered pace Wednesday as New Zealand shocked markets with a half-percentage point interest-rate cut, sending its currency tumbling. Reserve Bank Governor Adrian Orr and his policy committee slashed the official cash rate to a record low 1% as slowing economic growth prevents inflation
Australia’s trade surplus rocketed to a fresh record in June as iron ore receipts pushed even higher and a falling international oil price lopped a chunk off imports. The windfall swelled to A$8 billion ($5.4 billion), a third higher than May’s upwardly revised A$6.2 billion, data from the Australian Bureau
Hong Kong stock investors headed for the exit as economic woes, street protests and China’s weak yuan intensified worries over potential outflows from the city. The MSCI Hong Kong Index pared an earlier drop to fall 0.8% as of the mid-day break, heading for a 10th straight decline a day