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Japan on brink of recession as economy contracts, virus heightens risk

6 days ago NAMEX Comments Off on Japan on brink of recession as economy contracts, virus heightens risk
TOKYO (Reuters) – Japan’s economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China’s coronavirus outbreak chills global activity. Analysts say the widening fallout from the epidemic, which is damaging output and tourism, Read More

Japan’s recession risks grow as economy skids in fourth-quarter, virus clouds outlook

6 days ago NAMEX Comments Off on Japan’s recession risks grow as economy skids in fourth-quarter, virus clouds outlook
TOKYO (Reuters) – Japan’s economy shrank at the fastest pace in almost six years in the December quarter as last year’s sales tax hike hit consumer and business spending, highlighting a fragile outlook made worse by growing coronavirus risks. FILE PHOTO: Newly manufactured cars of the automobile maker Subaru await export in a port in Read More

Asian shares ease off three-week highs as virus fears return

6 days ago NAMEX Comments Off on Asian shares ease off three-week highs as virus fears return
SYDNEY (Reuters) – Asian shares stepped back from three-week highs on Monday as investors weighed the near-term hit on global growth from a fast-spreading coronavirus outbreak in China, although expectations of further policy stimulus helped stem losses. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, China January 16, Read More

China sees 2,641 new coronavirus cases, 143 deaths, as it struggles to slow spread

1 week ago NAMEX Comments Off on China sees 2,641 new coronavirus cases, 143 deaths, as it struggles to slow spread
SHANGHAI/BEIJING (Reuters) – More than 2,600 new cases were confirmed from a coronavirus outbreak in mainland China, health officials said on Saturday, a day after people returning to the capital from holidays were ordered to quarantine themselves for 14 days. Residents wearing face masks and pyjamas are seen on a street in Shanghai, China, as Read More

European stocks climb to record on hopes of limited coronavirus economic hit

1 week ago NAMEX Comments Off on European stocks climb to record on hopes of limited coronavirus economic hit
LONDON (Reuters) – Stock markets across the world ticked higher on Friday, as investors bet that the damage to the global economy from China’s coronavirus outbreak would not be long-lasting. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Europe’s broad Euro Read More

GLOBAL MARKETS-European stocks climb to record on hopes of limited coronavirus economic hit

1 week ago NAMEX Comments Off on GLOBAL MARKETS-European stocks climb to record on hopes of limited coronavirus economic hit
LONDON (Reuters) – Stock markets across the world ticked higher on Friday, as investors bet that the damage to the global economy from China’s coronavirus outbreak would not be long-lasting. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Europe’s broad Euro Read More

Asian shares tick up, aim for second week of gains amid virus scare

1 week ago NAMEX Comments Off on Asian shares tick up, aim for second week of gains amid virus scare
TOKYO (Reuters) – Asian shares edged up on Friday, on course to post the second straight week of gains, helped by hopes governments will make provisions to soften the impact on their economies from the coronavirus epidemic. FILE PHOTO – Pedestrians wearing facial masks are reflected on an electric board showing stock prices outside a Read More

GLOBAL MARKETS-Asian shares tick up, aim for second week of gains amid virus scare

1 week ago NAMEX Comments Off on GLOBAL MARKETS-Asian shares tick up, aim for second week of gains amid virus scare
TOKYO (Reuters) – Asian shares edged up on Friday, on course to post the second straight week of gains, helped by hopes governments will make provisions to soften the impact on their economies from the coronavirus epidemic. FILE PHOTO – Pedestrians wearing facial masks are reflected on an electric board showing stock prices outside a Read More

Trump Fed nominee Shelton apologizes for likening currency forger to Rosa Parks

1 week ago NAMEX Comments Off on Trump Fed nominee Shelton apologizes for likening currency forger to Rosa Parks
WASHINGTON (Reuters) – Federal Reserve board nominee Judy Shelton on Thursday apologized for having likened a convicted currency counterfeiter to U.S. civil rights icon Rosa Parks in an unusual exchange with a lawmaker weighing her appointment to the central bank. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March Read More

Trump Fed nominee Shelton hits bipartisan skepticism in Senate hearing

1 week ago NAMEX Comments Off on Trump Fed nominee Shelton hits bipartisan skepticism in Senate hearing
WASHINGTON (Reuters) – Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence from President Donald Trump and characterized her thinking as too far outside the mainstream to trust with the nation’s economy. FILE PHOTO: The Federal Reserve building is Read More