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MADRID/THE WOODLANDS, Texas: Fed policymakers said on Thursday they are open to the possibility of another rate cut as data indicated that a slowdown in U.S. manufacturing is beginning to spread to other parts of the world's biggest economy.
NEW YORK: Wall Street stocks climbed on Thursday after data showing U.S. services-sector activity at a three-year low fueled expectations that the Federal Reserve would cut interest rates to stem a wider economic downturn.
KUALA LUMPUR: Bursa Malaysia and key Asian markets were routed on Thursday after the US imposed new tariffs on European goods, raising concerns about slower global growth.
LONDON: European luxury goods and drinks company shares rose on Thursday after new U.S. tariffs in retaliation over EU aircraft subsidies excluded cognac, champagne and leather goods.
KUALA LUMPUR: Bears were in control on Bursa Malaysia and key Asian markets following the overnight fall on Wall Street on global growth fears and US’s new trade war against the EU.
HONG KONG: As anti-government protesters fought pitched battles with police in Hong Kong streets last week, a group of bankers in another part of the city were busy taking in billions for the public float of the Asia unit of the world's largest brewer.
LONDON/BRUSSELS/WASHINGTON: The United States on Wednesday said it would enact 10% tariffs on European-made Airbus
KUALA LUMPUR: The FBM KLCI embarked on a steady decline on Wednesday as weak US manufacturing data suggested that the US economy may be feeling the effects of the trade war.
SINGAPORE: Southeast Asian stock markets fell on Wednesday, as a slump in US manufacturing activity renewed fears of a global growth slowdown and underscored the damaging effects of the prolonged trade war with China.
NEW YORK: The S&P 500 and Dow suffered their worst tumbles in over a month on Tuesday after data showed U.S. factory activity shrank in September to its weakest in over a decade, ratcheting up fears that the U.S.-China trade war is hobbling the world's largest economy.