An Iranian strike on Pakistan this week that drew a rapid military riposte and raised fears of greater regional turmoil was driven by Iran's efforts to reinforce its internal security rather than its ambitions for the Middle East, according to three Iranian officials, one Iranian insider and an analyst.
Taiwanese stocks got a boost from a risk-on rally in the world's largest contract maker TSMC on Friday, while the Taiwan dollar gained as investor focus shifted away from post-election turbulence.
The Indian rupee was largely flat on Friday, tracking rangebound movement in its Asian peers, with traders continuing to expect gains in the local currency over the near- to medium-term.
Amazon Web Services (AWS) said on Friday it plans to invest 2.26 trillion yen ($15.24 billion) in Japan by 2027 to expand cloud computing infrastructure that serves as a backbone for artificial technology (AI) services.
Indian government bond yields rose in the early session on Friday, tracking U.S. Treasury yields, while caution prevailed ahead of a fresh supply of debt through a central government auction due later in the day.
China is widely expected to leave lending benchmark rates unchanged at a monthly fixing on Monday, a Reuters survey showed, after the central bank surprised markets by holding a key policy rate unchanged.
Los Angeles Times plans to lay off a "significant" number of journalists, the newspaper's guild said on Thursday, adding that they would organize a one-day walk-out on Friday to protest against the planned move.
Japan's Nikkei share average climbed more than 1% on Friday, lifted by chip-industry stocks, with the benchmark index headed for a second straight weekly advance.
The Indian rupee is likely to open slightly weaker on Friday after stronger-than-expected U.S. jobless claims data pushed U.S. bond yields higher and a Federal Reserve official reiterated the need for a cautious approach to potential rate cuts.
Indian government bond yields are expected to rise marginally in early session on Friday, with U.S. peers continuing their upward momentum, while a fresh supply of debt through central government debt auction will also lead to caution.
Josh Hazlewood finished with a nine-wicket match haul as world champions Australia crushed a depleted West Indies by 10 wickets inside seven sessions of the opening test in the two-match series at the Adelaide Oval on Friday.
Gold prices were set on Friday for their worst week in more than a month, as the dollar and Treasury yields strengthened after U.S. central bankers pushed back against expectations of early rate cuts amid signs of resilience in the economy.
(RTTNews) - Macy's Inc. (M) plans to trim about 3.5% of its workforce and close five of its stores as part of cost-cutting measures amid challenging market conditions, according to several media reports, citing a memo sent to employees Thursday afternoon.
Los Angeles Times plans to layoff a "significant" number of journalists, the newspaper's guild said on Thursday, adding that they would organize a one-day walk-out on Friday to protest against the planned move.
Asian shares bounced on Friday, buoyed by a rally in regional chipmakers, while the yen was set to end the week with heavy losses as investors pared back bets the Bank of Japan would soon abandon its uber-easy policies.
Oil prices drifted lower on Friday after a rally the day before, as geopolitical tensions and disruptions in U.S. oil production from a cold blast were countered by concerns over slow demand growth in China.
For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian.
(RTTNews) - The Thai stock market has moved lower in four straight sessions, slumping almost 40 points or 2.8 percent in that span. The Stock Exchange of Thailand now sits just above the 1,375-point plateau although it's looking at a firm lead for Friday's trade.
Chicago soybean futures edged higher on Friday, but were on track for a fifth consecutive weekly loss after the contract dropped to two-year lows in the previous session due to expectations of plentiful supply.
Reuters
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