The Federal Reserve's promise in January to be "patient" about further interest rate hikes, putting a three-year-old process of policy tightening on hold, calmed markets after weeks of turmoil that wiped out trillions of dollars of household wealth.
Canada's Barrick Gold Corp is considering a hostile bid for Newmont Mining Corp for about $19 billion in stock, in what would potentially be one of the largest-ever mining deals, the country's Globe and Mail newspaper reported.
European ministers will begin debating on Friday how and when to start trade negotiations with the United States, aware that U.S. President Donald Trump may impose punitive tariffs on EU car imports if the bloc waits too long.
State-owned Saudi Aramco has signed an agreement to form a joint venture with Chinese defense conglomerate Norinco to develop a refining and petrochemical complex in Panjin city, saying the project is worth more than $10 billion.
Apple Inc has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country as it looks to boost waning smartphone sales.
Shares in Asia recouped early losses on Friday, buoyed by strong gains in China as signs of progress in trade talks with the United States offset worries about a deteriorating global economic outlook.
China's foreign ministry said on Friday that Australian coal imports to the country continue as normal, although it added customs authorities had stepped up environment and safety checks on foreign cargoes.
| STOCKS | BONDS | CURRENCIES | COMMODITIES |
|---|
|
| Name | Yield | Change |
|---|---|---|
| US 10YR |
+2.682
|
-0.006 |
| DE 10YR |
+0.113
|
-0.015 |
| JP 10YR |
-0.038
|
+0.000 |
| Name | USD | EUR | JPY |
|---|---|---|---|
| USD | 1 | 1.1341 | 0.0090 |
| EUR | 0.8814 | 1 | 0.0080 |
| JPY | 110.7700 | 125.6800 | 1 |
| Index | Last | Chg |
|---|---|---|
| Gold |
1,324.20
USD
|
+0.70
Exp: Feb 19
|
| Copper |
2.93
USD
|
+0.03
Exp: Feb 19
|
| Crude Oil |
57.13
USD
|
+0.17
Exp: Mar 19
|
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