Oil Heads for Weekly Gain on Renewed Optimism for US Rate Cuts
Oil advanced for a third day to trade at a one-week high as US jobs data supported the case for Federal Reserve rate cuts this year, buoying risk assets including crude.
Oil advanced for a third day to trade at a one-week high as US jobs data supported the case for Federal Reserve rate cuts this year, buoying risk assets including crude.
KDDI Corp. said it plans to buy back as much as ¥213.5 billion ($1.4 billion) worth of its own shares from Toyota Motor Corp. at ¥3,896 per share.
Britain bounced back strongly from a shallow recession, providing some relief for Prime Minister Rishi Sunak who has so far struggled to deliver on his promise to grow the economy.
Honda Motor Co. forecast firm profit growth in the current fiscal year on solid demand for hybrid vehicles and two wheelers and said it would buy back more of its shares.
The premium Chinese stocks have over their Hong Kong listings has shrunk, driven by a potential dividend tax waiver for equities bought in the city through a China trading link.
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