World stocks hovered near record highs and U.S. bond yields fell on Wednesday as some of U.S. President Joe Biden's stimulus efforts appeared to be on the rocks, boosting the appeal of technology stocks as future inflation pressures ease.
Oman saw bumper demand in its first dollar-denominated sukuk sale since 2018 on Tuesday, as the rise in oil prices over the last year and a fiscal consolidation plan helped investors shelve worries about a break-neck rise in debt levels.
Taiwan stocks slip as pandemic hits chip makers China exports +28% y/y in May, imports +51% y/y U.S. CPI data, ECB meeting loom large this week Nasdaq futures dip as G7 agrees global corporate tax
SYDNEY, June 7 (Reuters) - Asian shares drifted off on Monday as relief over the benign U.S. jobs report was chilled by caution ahead of key inflation data later this week, while a coronavirus outbreak in Taiwan took an increasing toll on hard-pressed chip makers.
Investors were wary on how shares of major tech firms would react to the G7’s agreement on a minimum global corporate tax rate of at least 15%, although getting the approval of the whole G20 could be a tall order.
By Reuters Staff
2 Min Read
FILE PHOTO: Children wearing face masks are seen at Shanghai railway station in Shanghai, China March 5, 2020. REUTERS/Aly Song/File Photo
(Reuters) -A new Chinese policy allowing couples to have up to three children could support fertility but was unlikely to dramatically change its birthrate, rating agency Moody’s Investors Service said on Monday.
China announced on May 31 that married couples may have up to three children in a major shift from a limit of two after recent data showed a dramatic decline in births in the world’s most populous country.
Moody’s said the reform highlighted the risk of aging across emerging markets in Asia.
Indonesian gold miner PT. Archi Indonesia is planning to launch an initial public offering by next June, aiming to sell a 20% stake, the company said on Monday.