Markets & Finance News


Stocks rebound as Fed officials calm inflation fears, for now

TOKYO Japanese shares led a rebound in Asian markets on Friday, building on the lead from investors on Wall Street snapping up stocks that would benefit most from an economic revival.

Regional Markets News

United States Europe & Middle East Asia Pacific

Yuan inches higher, but set for first weekly loss in six

China's yuan inched higher against the dollar on Friday, following a firmer official guidance rate, but the local unit looked set for the first weekly loss in six. The Chinese yuan took a breather after a volatile week, by strengthening to a near three-year high before giving back most of the gains, with traders attributing the sharp fluctuations mostly to the dollar's movements in global markets following surprising U.S. data. The dollar stabilised agai

CORRECTED-SoftBank reports $37 bln Vision Fund profit on Coupang

SoftBank Group Corp on Wednesday reported a 4.027 trillion yen ($36.99 billion) profit at its Vision Fund unit after booking a fourth-quarter gain on investment Coupang, underscoring its recovery a year after a record loss. ($1 = 108.8600 yen) (Reporting by Sam Nussey; Editing by Kim Coghill)

UPDATE 1-Chinese firm's COVID-19 drug claims draw skepticism

Chinese biotech firm Kintor Pharmaceutical Limited saw its stock price jump by more than 20% the day after it announced on April 25 that it had "completed the first patient enrollment and dosing" in a late-stage U.S. clinical trial of its experimental COVID-19 treatment.

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