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SYDNEY: Asian share markets retreated from highs on Monday as disappointing news on U.S. consumer spending tempered risk sentiment ahead of a closely-watched reading on the health of the Chinese economy.
TOKYO: Sentiment among Japanese manufacturers improved to its least gloomy since July 2019 in January, while that of service-sector firms worsened, as businesses remained hampered by COVID-19 disruptions, the Reuters Tankan survey showed on Monday.
AS governments and companies jostle to show how committed they are to fighting global warming, plans to take carbon dioxide out of the air are becoming a giant loophole – just as experts have warned for years.
NEW YORK: Stock and oil prices fell on Friday, pressured by intensifying lockdowns and weak U.S. retail sales data, while the dollar index posted its largest weekly gain in more than two months.
NEW YORK: Treasury yields fell on Wednesday after Federal Reserve officials steered clear of tightening monetary conditions anytime soon despite expectations of higher inflation, while stocks and the dollar edged higher.
SEOUL: South Korea lost the most jobs in two decades and the unemployment rate hit a 10-year high as the country’s worst coronavirus outbreak yet forced businesses to slash hiring.
BEIJING: China’s small and medium-sized enterprises (SMEs) registered stable recovery in the fourth quarter (Q4) of 2020 as the country’s economy demonstrated strong resilience and vitality.
THE dollar started the year on a softer footing, continuing its depreciation trend from 2020 and briefly touching a 32-month low.