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July, 31, 2016

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Business > Asia > Asian Market
Asian stocks were mixed Monday after mainland China's trade contracted in April and U.S. job growth came in weaker than expected.
 
Asian stock markets moved cautiously Thursday as worries over the global economy sap confidence but the U.S. dollar held the previous day's gains and oil prices extended a rally.
 
China, Japan growth to slow sharply in 2016: IMF
China and Japan's economies are expected to slow sharply over the next two years but Asian growth will remain strong as domestic demand takes up the slack from weak global trade, the IMF said Tuesday.
 
The U.S. dollar struggled at multi-month lows against the yen and euro Tuesday following more weak U.S. data, while most stock markets rose in line with a strong lead from Wall Street.
 
Fake stones prove threat to Sri Lanka's gem trade
From the Queen of Sheba to Britain's Duchess of Cambridge, Sri Lanka's sapphires have adorned royalty through the ages, but a flood of cheap imitations is threatening the island's reputation for the precious stones.
 
Asian stocks mostly fell Friday following losses in New York while concerns about the global outlook were reinforced after data showed the U.S. economy grew at its slowest pace for two years in the first quarter.
 
The yen soared against the U.S. dollar Thursday and Tokyo's Nikkei index plunged more than 3 percent after the Bank of Japan (BOJ) shocked markets by not ramping up its stimulus.
 
Apple's suppliers were among the big losers in Asian markets Wednesday after it announced the first fall in iPhone sales, while overall trading was tentative before a Federal Reserve announcement later in the day.
 
Asian markets mostly dipped Tuesday on investor caution before Federal Reserve and Bank of Japan policy meetings later in the week, while oil prices rallied after the previous day's sharp losses.
 
Asian markets sank again Monday after losses on Wall Street and in Europe, with oil prices down and the yen recovering some of the losses suffered at the end of last week.
 
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