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TOKYO: Asian shares fell on Tuesday as fears about a drawn out Sino-U.S. trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbors like bonds, gold, and the yen.
THE FTSE Bursa Malaysia KLCI (FBM KLCI) together with the Dow Jones and all major indexes have been bullish over the last seven years. Since the 2008 subprime crisis in the US, markets have been on a virtual uptrend right up to now. It hasn’t quite ended, and here lies the skittishness.
WASHINGTON: The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.
TOKYO: Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election just two years after he took office.
HONG KONG: The yuan dropped against the dollar on Monday as the United States kept up pressure on China in their bitter trade dispute and as expectations grew that China’s central bank could cut lending rates to combat weakening economic growth.