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Asian stocks hit as oil spike fans rate hike bets, eyes on US jobs

Most Asian stocks dropped Friday as investors grow increasingly concerned about surging oil prices and bond yields, while key jobs data later in the day will be pored over for an idea about the Federal Reserve's next interest rate move.

Asian stocks drop as oil spike fans rate hike bets, eyes on US jobs

Asian stocks dropped Friday as investors grow increasingly concerned about surging oil prices and bond yields, while key jobs data later in the day will be pored over for an idea about the Federal Reserve's next interest rate move.

Last news

General Motors profits top estimates on limited Q3 strike hit

General Motors reported better-than-expected quarterly profits Tuesday behind strong US sales and a limited impact from a labor strike that began late in the quarter.

One dead, four missing after two cargo ships collide in North Sea

One person has died and four are missing from the crew of a cargo ship that sank after colliding with another vessel in the North Sea, German authorities said on Tuesday.

Markets gyrate as investors eye Mideast crisis, economic fears

World stock markets gyrated Tuesday in choppy trade, with sentiment hampered by economic and geopolitical fears ahead of this week's eurozone interest rate decision.

Spotify swings to profit as user numbers grow

Music streaming giant Spotify on Tuesday said it registered 26 percent growth in active users for the third quarter as it reported a rare quarterly profit.

Israel-Hamas war casts dark shadow over Saudi investor forum

The war between Israel and Hamas could deal a heavy blow to the global economy, banking titans told a glitzy investment forum in Saudi Arabia on Tuesday.

Eurozone business activity going from 'bad to worse'

Eurozone business activity slumped at a faster pace in October, resulting in job losses, a closely watched Purchasing Managers' Index (PMI) survey put out by S&P Global showed Tuesday.

Mideast crisis and weak growth weigh on Asian markets

Asian markets recovered ground on Tuesday with traders weighed down by unpredictability over the ongoing crisis in the Middle East and key earnings and economic data releases expected later in the week.

Hermes bags sales growth except in Asia

French luxury group Hermes, known for its leather bags and silk scarves, on Tuesday said it continued to see sales growth in the third quarter despite a dip in Asia.

Hope, heartbreak after Hong Kong court decision on LGBTQ partnerships

Wedding photos of Henry Li and Edgar Ng show the couple holding hands, surrounded by beaming friends -- the freeze-frame of joy a contrast to the two men's struggle in Hong Kong for LGBTQ rights.

Taiwan VP warns companies could leave China over 'pressure'

Economic powerhouse Taiwanese companies based in China may be forced to relocate if they feel "unjustly pressured," the island's vice president warned Tuesday after Chinese authorities launched a probe into tech giant Foxconn.

In Cuba, raising fish in plant-filtered ponds to tackle food shortage

Over the last two years, Cuban entrepreneurs Jose Martinez and Joel Lopez have used an innovative technique to raise 24 tons of tilapia -- a critical source of food for an island nation surrounded by water but not enough fish.

Qatar Airways chief Akbar Al Baker to step down

Qatar Airways' longstanding chief executive Akbar Al Baker is to step down from his role, the state-owned airline announced on Monday.

US auto union halts work at Stellantis plant, expanding strike

The US auto workers union halted work at a giant Stellantis truck plant on Monday, expanding a five-week strike hitting Detroit automakers.

DAZN keeps Serie A TV rights in 4.5 billion-euro deal

DAZN will continue to show Serie A matches in Italy after the league voted on Monday for the streaming television platform to be its principle domestic broadcaster until 2029 as part of a deal worth at least 4.5 billion euros ($4.8 billion).

France says talking to Saudi about Rafale fighter sale

The French government is talking to Saudi Arabia about selling the kingdom Rafale fighter jets, France's defence minister said on Monday.

Fake Ozempic pens circulating in Europe, watchdogs warn

Fake injection pens of Ozempic, a hugely popular diabetes drug that went viral on social media as a way to lose weight, are circulating in Europe, drug authorities have warned.

US oil giant Chevron to buy rival Hess for $53 bn

US energy giant Chevron will buy its rival Hess for $53 billion in an all-stock deal, the companies announced in a joint statement on Monday.

Equities rattled by Mideast conflict, US bond yield rise

Stock markets slid on Monday, extending last week's sell-off Monday on fears of a regional conflict in the Middle East and worries that US interest rates will remain elevated for longer than initially thought.

Russian court extends detention of US-Russian journalist

A Russian court on Monday ordered Russian-American journalist Alsu Kurmasheva detained until December 5, after prosecutors said she had failed to register as a "foreign agent".

Equities drop as traders keep wary eye on Middle East crisis

Asian markets extended last week's sell-off Monday on fears of a regional conflict in the Middle East and worries that US interest rates will remain elevated for longer than initially thought.

ECB set to hold rates as inflation drifts downwards

For the first time in over a year, European Central Bank policymakers are expected to decide against raising interest rates again when they gather in Athens on Thursday.

Did a computer write this? Book industry grapples with AI

From low-quality computer-written books flooding the market to potential copyright violations, publishing is the latest industry to feel the threat from rapid developments in artificial intelligence.

Old guard Massa vs outsider Milei: a battle for two Argentinas

Argentina is heading to a runoff presidential election race between Economy Minister Sergio Massa, who has overseen record inflation, and the chainsaw-wielding, TikTok-savvy outsider Javier Milei.

Anxious Argentines vote for way out of economic shambles

Argentines voted Sunday in a presidential election dominated by fury over decades of economic decline and record inflation that has propelled libertarian outsider Javier Milei to the front of a tight race.

'Uncertainty' as Argentines vote, seeking elixir for economic ills

Switzerland: land of languages, neutrality, farmers and pharma

A land renowned for cheese, chocolate and banks, Switzerland, nestled in the heart of Europe, held its general election on Sunday.

German solar industry looks to rise again

A decade after a wave of bankruptcies all but wiped out the German solar industry, the sector is looking to reestablish itself in the face of stiff competition from abroad.

Israel-Hamas war: What risks face the energy sector?

The escalation of hostilities between Israel and Hamas could further strain global oil and gas supplies, already disrupted by Russia's invasion of Ukraine, experts have warned.

Led by Donkeys: UK political agitators reaching millions

A persistent irritant to Britain's ruling Conservatives since its creation after Brexit, campaign group Led by Donkeys has built a big online audience with its largely humour-led attempts at political accountability.

'Til trash do us part: Taiwan couple embraces garbage wedding shoot

A Taiwanese couple decked out in a tux and gown embrace in front of a mountain of trash in an unorthodox wedding photo -- one the environment-conscious bride hopes will discourage her guests from generating unnecesary garbage.

Exiled former Pakistan PM Nawaz Sharif set for comeback

Three-time Pakistani prime minister Nawaz Sharif will return home on Saturday after four years of self-imposed exile, primed to make a political comeback ahead of elections.

Global stocks retreat further on Middle East fears

Global stock markets slid Friday on worries that an expected ground invasion of Gaza by Israel would spark a wider conflict in the Middle East.

Volkswacht Bodensee - Economy (English)