US business activity expanded in December at the slowest pace in six months, while a measure of input prices jumped to a more than three-year high.
China’s markets shed the “uninvestable” tag this year. To bury it for good, investors say an acceleration in the domestic economy is needed so the bullishness doesn’t fizzle out.
Asian shares were hesitant on Wednesday after a mixed US jobs reading failed to move the needle on the rate outlook there, leaving investors awaiting further cues to guide their next move.
Ford Motor said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry's retreat from battery-powered models in response to the Trump administration's policies and weakening EV demand.
The Bank of Japan is set to raise interest rates on Friday to a three-decade high and pledge to keep hiking borrowing costs, closing the year with two rate hikes despite headwinds from US tariffs and the inauguration of a dovish prime minister.
Japan’s manufacturing sector inched closer to expansion in December, purchasing managers index data showed on Monday, while the service sector expanded during the month, albeit at a slower pace from November.