Dow drops 900 on weak jobs data as global sell-off whips back to Wall Street
NEW YORK (AP) -- Stocks are tumbling Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation.
Economy asian news
Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%
Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, fueling fears of a broader economic slowdown, the Labor Department reported Friday.
U.S. job growth misses expectations in July; unemployment rises to 4.3%
WASHINGTON (Reuters) -- U.S. job growth slowed more than expected in July, while the unemployment rate increased to 4.3%, which could heighten fears that the labor market is deteriorating and potentially making the economy vulnerable to a recession.
Malaysia and Singapore crack down on social media
In Nikkei Asia News Roundup's latest episode, Jada Nagumo and Brian Chapman discuss how Malaysia and Singapore are broadening their oversight of some of the most popular social media.
US-China trade war could be the death knell for advanced economies
The squeeze on multiple fronts may push them into middle-income status. Currencies such as the yen, the euro, the won and even the New Taiwan dollar have been on trajectories similar to that of a secular bear market.
Japanese Stocks Tumble 6% as Long-Running Surge Falters
A more-than-year-long rally in Japanese stocks, driven by the country’s depreciated currency, hit a wall at the end of the week.
Markets tumble, led by 5.8% drop in Tokyo following a tech-driven retreat on Wall Street
BANGKOK (AP) — World shares tumbled Friday, with Japan’s Nikkei 225 index slumping 5.8% as investors panicked over signs of weakness in the U.S. economy.
China holds back on more stimulus, citing necessary 'pain'
BEIJING — China is not planning additional stimulus for the second half of the year, according to officials from the economic planning agency and finance ministry.