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HONG KONG, China (AFP) – Equities and crude prices fell while the dollar held at multi-year highs Wednesday as recession fears mount, and traders grow increasingly concerned about tensions between Russia and the West. Investors are keeping a close eye on London, after new finance minister Kwasi Kwarteng’s tax-cutting last week sent shock waves through markets, pushing the pound to a record low and leading to dire warnings for Britain’s economy. While Asia saw small […]
NEW YORK, United States (AFP) — Wall Street stocks finished at fresh records Friday following solid bank earnings, while the dollar retreated after lackluster US data raised questions about additional Federal Reserve rate hikes. The Dow and S&P 500 ended at fresh records in anticipation that teh positive bank results foreshadow a generally strong earnings period. The records, the third in a row for the Dow, capped a strong week for US stocks that some […]
HONGKONG, China (AFP) — A Hong Kong property developer has confirmed the near-completion of its almost $1.5 billion purchase of London’s “Cheesegrater” tower, as it takes advantage of the pound’s slump to snap up addresses in the British capital. C C Land’s acquisition of the 224-meter-high Leadenhall Building, which earned its nickname from its wedge shape, is the biggest single property purchase in the United Kingdom since 2014 when a Qatari wealth fund bought London’s HSBC Tower […]
WASHINGTON, United States (AFP) — US President Donald Trump pledged Tuesday to bring one trillion dollars in public and private investment to rebuild what he called America’s crumbling infrastructure. Trump made the promise in a high-stakes speech to a joint session of Congress, moving to make good on one of his main campaign pledges — rebuilding America’s roads, bridges, airports and other public structures. “To launch our national rebuilding, I will be asking the Congress […]
