Hong Kong stocks rise; financials, energy up ahead of China open HONG KONG, Oct 7- Hong Kong shares rallied on Wednesday, rising over 3 percent, as financials and energy stocks shone just a day before China markets reopen after the national holidays. Industrial and Commercial Bank of China rose 5 percent, Bank of China surged 4.6 percent, while China Construction Bank climbed 4.5 percent. Energy shares also extended their gains...
FOREX-Yen firms as BOJ offers no hints on further easing of policy LONDON, Oct 7- The yen rose broadly on Wednesday after the Bank of Japan kept monetary policy unchanged and Governor Haruhiko Kuroda struck an optimistic note about the economy despite recent weakness. "Some investors had been hoping for signs of easing from the BOJ," said Niels Christensen, FX strategist at Nordea. But the BOJ will be under pressure to ease later in...
| By: Anirban Nag
Nikkei rises for 6th day as market shifts attention to next BOJ meeting Oct 7- Japanese stocks gained for a sixth day in choppy trade on Wednesday as the Bank of Japan's decision to keep policy unchanged at its policy meeting only raised expectations that the central bank would ease when it next meets on Oct. 30. It was the highest closing level since Sept. 17 and was the longest winning streak in three months. As widely expected, the Bank...
Is Cuba rolling out red carpet for business? After a thawing of relations that had been frozen for 60 years, Cuba's rapprochement with the U.S. has seen the country opening itself up to business.
| By: Holly Ellyatt