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Tokyo rallies on weak yen, Hong Kong reverses after surge
Tokyo rallies on weak yen, Hong Kong reverses after surge
by  AFP

Japanese shares rallied Thursday as the yen extended losses after the new prime minister dampened interest rate hike expectations, while Hong Kong sank for the first time in more than a week after a blistering China-fuelled surge.

Biden official urges talks as US port strike enters second day
Biden official urges talks as US port strike enters second day
by  AFP

US dockworkers picketed for a second day Wednesday, garnering support from other labor groups as the Biden administration urged shippers to boost their offer to end a damaging strike weeks before the presidential election. Transportation Secretary Pete Buttigieg said the strike could be ended quickly, arguing that shippers need to share more of the bounty after a period of "unbelievable profits."

Biden official says port strike deal not as far as parties think
Biden official says port strike deal not as far as parties think
by  AFP

Shippers and striking US dockworkers are closer to agreeing on economic terms than they realize, Secretary of Transportation Pete Buttigieg said Wednesday. "We actually think the parties, economically, are not as far apart from each other as they may think," Buttigieg told CNBC a day after the International Longshoremen's Association (ILA) launched a strike at major East and Gulf Coast ports.

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