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Asian markets track Wall St records after US inflation data
Asian markets track Wall St records after US inflation data
Economy
by  AFP

Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year. Tokyo also advanced, even after data showed Japan's economy shrank more than expected in the first three months of the year.

Mission impossible? Next Boeing CEO faces pile of problems
Mission impossible? Next Boeing CEO faces pile of problems
Economy
by  AFP

Since announcing plans in late March to replace CEO Dave Calhoun at the end of 2024, Boeing's problems have seemingly gone from bad to worse, complicating an already daunting executive search. Given the depth of the problems, some Boeing watchers argue the company needs to make profound changes beyond the executive-suite shakeup already announced, which keeps Calhoun in his post through December.

Japan economy suffers worse-than-expected contraction of 0.5%
Japan economy suffers worse-than-expected contraction of 0.5%
Economy
by  AFP

Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed Thursday, in further bad news for its unpopular government. In the previous quarter, from July to September, GDP suffered a major contraction of 0.9 percent, also revised on Thursday from an earlier reading of minus 0.8 percent.