AFP
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Most Asian markets up ahead of Fed but Tokyo hit by strong yen
Most Asian markets rose Tuesday but Tokyo sank more than one percent as exporters were hit by a stronger yen with traders gearing up for a bumper US interest rate cut and a key Japanese central bank meeting. The strengthening yen -- which is up around 13 percent from the four-decade low hit in July -- hit the Nikkei 225 in Tokyo as exporters were sold off.
Chinese appliance maker Midea soars in Hong Kong after US$4 bn IPO
Shares in Chinese electronic appliance maker Midea surged more than nine percent on its Hong Kong debut Tuesday, having raised around US$4 billion in the city's biggest initial public offering for more than three years. The company's shares in Hong Kong were offered at a 20 percent discount compared to its stock price in Shenzhen, where it has been listed since 2013.
Boeing, union to resume talks as strike quiets Seattle plants
Negotiators from Boeing and the machinists union are scheduled to resume talks Tuesday after some 33,000 workers went on strike late last week. Workers late Thursday overwhelmingly rejected the deal and voted 96 percent to strike.
Intel delays Germany, Poland chip factories for two years
Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated. "We will pause our projects in Poland and Germany by approximately two years based on anticipated market demand," he added.
Murdoch media empire succession drama plays out in US tribunal
A US tribunal began picking over the bitter spat between media magnate Rupert Murdoch and his children Monday in a case that could determine the fate of his empire, including the influential right-wing Fox News. Fox Corporation is the parent company of Fox News.
TikTok battles US ban threat in court
TikTok faced pushback in a federal court on Monday in its efforts to stop a law that requires the app to divest from its Chinese ownership or face a ban in the United States. TikTok has until January to find a buyer or face the ban, which would likely provoke a strong response from the Chinese government and further strain US-China relations.
Brazil's farmers fret over fires and drought
Sugarcane farmer Marcos Meloni is still haunted by his battle last month to fight the flames on his land, as the double-edged disaster of fires and drought hits Brazil's agricultural sector hard. - 'The soil lacks water' - Meloni had already finished his harvest but his land suffered significant damage.
Top Biden aide says US economy at 'turning point'
The US economy is at an "important turning point," the top economic advisor to President Joe Biden said Monday, calling for safeguards to be put in place to protect gains made in the labor market, ahead of a key Federal Reserve interest rate decision.
Titanic shipbuilder sinks back into trouble
Iconic shipbuilder Harland and Wolff, famed for constructing the doomed Titanic, said Monday it faced renewed financial difficulties, forcing it to offload non-core assets to preserve its shipyards.
AFP
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