Japanese Prime Minister Fumio Kishida said on Thursday his country will ease COVID-19 border control requirements next month, a key step in fostering a recovery in Japan's tourism sector, which is eager to take advantage of the yen's slide to a 24-year low.
Most base metals were stuck in a tight range on Friday, as investors weighed prospects of improved demand from China's construction sector against slowing global growth amid rising interest rates and an escalating war in Ukraine.
Japanese Prime Minister Fumio Kishida said on Thursday his country will ease COVID-19 border control requirements next month, a key step in fostering a recovery in Japan's tourism sector, which is eager to take advantage of the yen's slide to a 24-year low.
* Markets down in aftermath of Fed's latest rate move. * Darden Restaurants (DRI) falls on downbeat quarterly sales. * Airlines fall; JetBlue (JBLU) at lowest since March 2020. * Indexes down: Dow 0.09%, S&P 0.61%, Nasdaq 1.22% By Devik Jain and David French.
* Eli Lilly up on FDA approval for cancer drug. * Darden Restaurants (DRI) falls on downbeat quarterly sales. * Indexes down: Dow 0.25%, S&P 0.67%, Nasdaq 1.20% By Devik Jain and Ankika Biswas.
Canada's main stock index hit a fresh two-week low on Thursday, weighed down by technology and healthcare stocks, as investors continued to fret over the pace of interest rate hikes by major central banks.
* Eli Lilly up on FDA approval for cancer drug. * Darden Restaurants (DRI) falls on downbeat quarterly sales. * Indexes down: Dow 0.51%, S&P 0.77%, Nasdaq 1.13% By Devik Jain and Ankika Biswas.
Etihad Rail: * SIGNS MEMORANDUMS OF UNDERSTANDING AT INNOTRANS 2022 WITH LEADING INTERNATIONAL RAILWAY COMPANIES. * SIGNED AGREEMENTS WITH ALSTOM, SNCF, PROGRESS RAIL, A CATERPILLAR COMPANY, AND THALES GROUP. * THE AGREEMENTS COVER AREAS WHICH INCLUDE RAIL OPERATIONS AND MAINTENANCE, SERVICE FACILITIES, PASSENGER STATIONS, AND CARGO TRANSPORTATION Further company coverage:
Dutch union FNV said on Thursday it had struck a deal for workers in the metals and electric sector to receive an average pay increase of around 9% from Dec. 1 through the end of 2023. Around 160,000 workers for companies including ASML, Philips, Siemens and NXP are covered by the arrangement.
European shares opened lower on Thursday, with tech stocks leading the declines, after the U.S. Federal Reserve delivered another jumbo-sized interest rate hike and signalled more increases in its fight against stubbornly high inflation.
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