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Asian markets mostly up as traders eye China stimulus
Hopes China will unveil fresh measures to kickstart its ailing economy lifted most markets Friday, while the dollar struggled to bounce from losses fuelled by bets the Federal Reserve is near the end of its tightening cycle. However, Tokyo struggled on a stronger yen, even as the Bank of Japan on Friday stood pat on its ultra-loose monetary policy.
Top executive quits Nissan in new leadership turmoil
Nissan top executive Ashwani Gupta is leaving the company, the Japanese automaker said Friday, in a surprise departure that will revive concerns about the stability of the firm's leadership. Nissan said Gupta had "elected to leave the company to pursue other opportunities effective June 27", without detailing the reasons for his departure.
Pause, hike, cut: Central banks diverge over regional challenges
In Washington they paused; in Frankfurt they hiked; and in Beijing, they cut. - Skip, Hike and Cut - On Wednesday, the US Federal Reserve paused its aggressive campaign of interest rate hikes after 10 straight increases, which brought its benchmark lending rate from close to zero to a range between 5.0 and 5.25 percent.
Crunch time at UPS with strike looming
The Teamsters union, which represents hundreds of thousands of UPS employees, is set to reveal Friday whether it has authorized a strike against the delivery service -- a work stoppage seen as unlikely, but one that would certainly rattle the US economy.
Spend now, worry later: no point saving in inflation-stricken Argentina
Despite a biting economic crisis, restaurants in Buenos Aires are full and queues for theater and concert tickets long. "We are very tired of economic problems," 25-year-old chef Santiago Basavilbaso told AFP as he shopped for fresh produce for his restaurant.
US clampdown has crypto kings looking abroad
After years on the sidelines, financial regulators in the United States are throwing the book at the free-wheeling cryptocurrency industry, with angry entrepreneurs threatening to take their business overseas. "The US government is making it very difficult for traditional financial institutions", particularly banks, "to engage in cryptocurrencies", said Goforth.
Nissan confirms top executive Gupta leaving company
Top Nissan executive Ashwani Gupta is leaving the company, the Japanese automaker confirmed Friday, a day after reports of a leadership clash inside the company. Nissan said chief operating officer Gupta had "elected to leave the company to pursue other opportunities effective June 27", without detailing the reasons for his departure.
Prince Harry and Meghan's deal with Spotify to end: report
A multi-million-dollar deal between a media group run by Britain's Prince Harry and his wife Meghan Markle, and streaming giant Spotify is to end, a report said Thursday. But trade title Variety, citing an unnamed source, reported Thursday that Spotify had been expecting more material.
Pentagon leaks suspect gets additional charges
Jack Teixeira, the US airman accused of leaking top-secret Pentagon documents in an online chat forum, was slapped with additional federal charges on Thursday. Teixeira was an airman first class, the third-lowest rank for enlisted US Air Force personnel and had possessed a top secret security clearance since 2021.
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