The feel-good factor that lifted stocks overnight fizzled on Friday, with neither gains on Wall Street - including another record for the S&P 500 - nor the afterglow of China's deep cuts in bank reserve requirements able to keep Asian stocks afloat.
New Zealand shares posted their biggest weekly jump since early November on Friday but ended the session lower dragged by banks and utilities, while investors awaited a key U.S. inflation reading to gauge the Federal Reserve's monetary policy outlook.
Pakistan's central bank is widely expected to hold its key rate at 22% for the fifth policy meeting in a row on Monday, though an expected easing of inflation could leave the door open for rate cuts in the future, analysts said.
Rosemary and Larry Brester have been running Hobart Machined Products since 1978, milling and grinding metal to make aircraft components out of a tiny building behind their home.
Oil prices eased on Friday after rising to their highest since December in the previous session, but were set for their biggest weekly gain since October as positive U.S. economic growth and signs of Chinese stimulus boosted fuel demand sentiment.
Gold prices were set for their second consecutive weekly fall on the face of a resilient U.S. economy that kept the dollar near multi-week highs, while the focus shifted to a key inflation print due later in the day.
(RTTNews) - Asian stocks are turning in a mixed performance on Friday, after having surged higher in the previous session thanks to the People's Bank of China's unexpected move to cut its reserve requirement ratio for local banks freed up about 2 trillion yuan in liquidity.
Rachin Ravindra, who was this week named ICC Emerging Player of the Year for his World Cup heroics, was included on Friday in New Zealand's test squad for next month's two-match series against South Africa.
Hosts Ivory Coast get to push a reset button after escaping early elimination at the Africa Cup of Nations and squeezing into the last 16 of their own tournament as a lucky loser.
Taiwanese-Polish duo Hsieh Su-wei and Jan Zielinski won a match tiebreaker to claim the Australian Open mixed doubles title on Friday, with an nail-biting 6-7(5) 6-4 (11-9) victory over American Desirae Krawczyk and Britain's Neal Skupski.
Chicago soybeans edged higher on Friday and were poised for their first weekly gain in a month, while corn was on track for its first weekly rise since mid-December, as short-covering supported prices.
Prices of iron ore and other ferrous commodities dropped on Friday, but most were on track for a weekly gain as traders found comfort in optimism over top consumer China's policy support to shore up its fragile economy.
(RTTNews) - The U.S. Patent and Trademark Office has issued a notice of allowance for Vanda Pharmaceuticals Inc.'s (VNDA) PONVORY (ponesimod) patent application, covering methods for reducing clinical management events before or during the treatment of multiple sclerosis and meth
Major cryptocurrencies showed mixed trading on Thursday evening as the recently launched spot Bitcoin exchange-traded funds (ETFs) are experiencing combined negative flows for the first time since their trade debut on Jan. 11.
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Thousands marked Australia's national day on Friday with "Invasion Day" rallies in support of the country's Indigenous community, many of whom want to drop celebrations or move the date.
Malaysian palm oil futures eased on Friday as it reopened after a public holiday, weighed down by a decline in Dalian edible oils prices, although the contract was set for a third weekly rise on forecast of lower output.
Tens of thousands of people in Australia's Queensland state were without power on Friday after a tropical cyclone hit overnight, bringing damaging winds and heavy rains.