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Asian markets mixed as geopolitics, trade wars deplete sentiment
Asian markets mixed as geopolitics, trade wars deplete sentiment
Business and Economy
by  AFP

Asian markets were mixed and gold hit another record high Wednesday as trade war worries cast a shadow and geopolitical concerns returned to the fore. - Gold hits new record - The Bank of Japan, as expected, stood pat on interest rates, having hiked them last month amid concerns over the outlook, particularly with regard to trade.

Trump purges Democrats from US Federal Trade Commission
Trump purges Democrats from US Federal Trade Commission
Business and Economy
by  AFP

One of two Democrats on the US Federal Trade Commission announced Tuesday that President Donald Trump had fired him from the agency, which is intended to guard against unfair business practices. The other Democrat on the commission, Rebecca Kelly Slaughter, also said she was fired, US media reported.

Bank of Japan expected to hold rates
Bank of Japan expected to hold rates
Business and Economy
by  AFP

The Bank of Japan is widely expected to keep interest rates unchanged in a Wednesday policy decision, with analysts pointing to economic uncertainty fuelled by US trade tariffs. Economists say bank officials are likely to keep the key interest rate at its current level of 0.5 percent when a two-day policy meeting concludes on Wednesday.