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Most Asian markets track Wall St gains, bitcoin closes on $100,000
Most Asian markets gained Friday after a bounce on Wall Street, while bitcoin continued its march higher to move within touching distance of the $100,000 mark. Bitcoin, meanwhile, continued its heady run higher and broke $99,000 for the first time.
'Moment of truth' for world-first plastic pollution treaty
Plastic pollution litters our seas, our air and even our bodies, but negotiators face an uphill battle next week to agree on the world's first treaty aimed at ending the problem. "Everyone wants an end to plastic pollution," she said.
Japan government to approve $140bn stimulus
Japan's minority government was expected Friday to approve a $140-billion stimulus drive aimed at putting more money in consumers' pockets after the ruling party's worst election result in 15 years. The package comes a year after Ishiba's predecessor Fumio Kishida, who resigned earlier this year, announced a stimulus package worth 17 trillion yen ($113 billion at the time).
Top US securities regulator to exit, clearing way for Trump pick
The top US securities regulator, a skeptic towards cryptocurrency who was appointed by President Joe Biden, announced Thursday he will step down in January when Donald Trump takes office. Gary Gensler, chair of the Securities and Exchange Commission (SEC), said he will resign on January 20, the same day Trump assumes the presidency.
Indian PM Modi highlights interest in Guyana's oil
Visiting Indian Prime Minister Narendra Modi said Thursday his country is interested in oil from Guyana, the small South American nation with the world's highest per capita crude reserves. Guyana, which sits on the northeast coast of South America and borders Venezuela, produces just over 600,000 barrels per day of crude oil but aims to double this by 2030.
IMF sees 'limited' impact of floods on Spain GDP growth
Last month's deadly floods in Spain, the country's worst natural disaster in decades, will have a "limited" impact on its "robust" economic growth, the International Monetary Fund said Thursday.
Volkswagen workers head towards strikes from December
Volkswagen workers in Germany took a step closer to strike action on Thursday, after unions and management met for the third round of talks over the ailing carmaker's drastic cost-cutting plans. Union negotiator Thorsten Groeger told reporters after the talks that the management side had agreed to evaluate the plans and continue talks "on this basis".
Sales of existing US homes rise in October
Sales of previously owned homes in the United States picked up in October, industry data showed Thursday, fueling hopes that a slump in the sector may be ending. A key reason that home sales stalled in recent times is that homeowners have been reluctant to enter the market and sell their properties, as they had locked in lower mortgage rates previously.
South Sudan rejects 'malicious' report on Kiir family businesses
South Sudan on Thursday rejected claims by a US-based watchdog that President Salva Kiir's family had built up a vast corporate empire in one of the world's poorest countries. South Sudan is one of the poorest countries on the planet and ranks 177 out of 180 countries on Transparency International's corruption perceptions index.
AFP
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