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SHANGHAI: China stocks extended a bruising sell-off on Wednesday, with blue chips slumping to their worst loss in over a year on growing concerns about the economic outlook amid a bitter trade dispute with the United States and a faltering yuan.
HONG KONG: Higher U.S. rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve's hawkishness could also bring cheer for a small group of Asian economies that wouldn't mind seeing their currencies weaken.
TOKYO: Apple Inc expects to ship 80 million new model iPhones this year, down 20 percent from what it had planned at the same time last year, Japanese financial daily Nikkei reported on Friday, citing industry sources.
SYDNEY:Asian shares faltered on Wednesday amid fears of rising U.S. protectionism as President Donald Trump fired his Secretary of State, regarded as a moderate in his administration, and sought to impose hefty tariffs on Chinese imports.
LONDON: Britain’s top share index dropped to a four-month low on Thursday as sterling surged after the Bank of England signalled that it was likely to raise rates in the coming months, weighing on the FTSE 100’s predominantly dollar-earning constituents.
NEW YORK: Wall Street opened slightly higher on Monday, driven by gains in health and home improvement retailers’ shares, while investors assessed the impact of Tropical Storm Harvey on the US economy.
NEW YORK: Wall Street’s main indexes on Thursday got off to their worst start this year after Donald Trump gave little clarity on his promises for economic growth that had powered a record-breaking rally on Wall Street for two months.