Asian markets mostly rise following a record close on Wall Street as the likelihood of a US interest rate hike in the near term dwindles

Asia stocks rally, early US rate hike unlikely

AFP News Asian markets rose Friday following another record close on Wall Street as the likelihood of a US interest rate hike in the near term dwindled, with Tokyo hitting a new 15-year high.

  • British Prime Minister David Cameron (left) is welcomed by European Commission President Jean-Claude Juncker in Riga on May 22, 2015

    Prime Minister David Cameron launched his bid to recast Britain's relationship with the EU Friday, warning of "ups and downs" before a straight "in-or-out" referendum by the end of 2017. British officials said Cameron would also visit Paris and Berlin for talks, while he could speak to French President Francois Hollande …

  • German airline Lufthansa is weighing possible regular spot medical checks for pilots, its chief said on Friday, after one of them deliberately crashed a jet over the French Alps in March, killing 150 on ...

  • German chancellor Angela Merkel (L) talks with Greek Prime Minister Alexis Tsipras at the EU eastern Partnership Summit in Riga, on May 22, 2015

    German Chancellor Angela Merkel has dampened hopes for an end to marathon talks with Greece on a new loan deal as cash-strapped Athens said an agreement was possible by end month. Speaking after a two-hour meeting late on Thursday with Greek Prime Minister Alexis Tsipras and French President Francois Hollande in Riga, …

  • Haiti was devastated by an earthquake in January 2010

    A three-year political crisis that delayed local and parliamentary elections has done nothing to dampen Haiti's enthusiasm for democracy, judging by the avalanche of hopefuls now running for president. Taking charge of an impoverished Caribbean nation still struggling to recover from a devastating earthquake and a cholera …

  • Armed rebel fighters drive a tank in the northern town of Jisr al-Shughur, on April 26, 2015

    Islamist rebels on Friday overran a hospital in northwest Syria where at least 150 regime forces and dozens of civilians were trapped for nearly a month, a monitor said. Al-Nusra Front, which is Al-Qaeda's affiliate in Syria, and other factions "have taken complete control of Jisr al-Shughur hospital," said Rami Abdel …

  • A filing made by Goldin Properties to the Hong Kong stock exchange late Thursday said Chinese billionaire owner Pan Sutong was considering privatising the company

    Two Hong Kong-listed divisions of property, finance and wine trading conglomerate Goldin were mixed on Friday, a day after plunging more than 40 percent, while analysts said city regulators' oversight had been called into question. Goldin Financial fell 3.2 percent to HK$16.92 (US$2.18) Friday at the close while Goldin …

  • Former Korean Air executive Cho Hyun-Ah is surrounded by journalists after she received a suspended jail sentence and was freed by a Seoul appeals court in Seoul on May 22, 2015 for disrupting a flight in a rage over macadamia nuts

    The former Korean Air executive jailed for disrupting a flight in a rage over macadamia nuts walked free Friday when a South Korean appeals court overturned her conviction for violating aviation safety laws. The High Court in Seoul ruled that Cho Hyun-Ah, who had been in jail since her arrest in December, was not guilty …

  • The advance by Islamic State fighters on Palmyra has raised fears the Syrian world heritage site could be destroyed

    The Islamic State group on Friday kept up a counteroffensive that has rocked US strategy, seizing a key border crossing after capturing an Iraqi provincial capital and a renowned Syrian heritage site. The jihadists, who now control roughly half of Syria, reinforced their self-declared transfrontier "caliphate" with the …

  • ECB tells governments: Don't wait to fix Europe's economy

    European Central Bank head Mario Draghi says governments that share the euro currency shouldn't wait for better times to push through reforms that would boost sluggish growth. Draghi said tough measures ...

  • China has yet to fully come to terms with the decade-long Cultural Revolution, when Mao Zedong forcefully reasserted his power over the party and the country via public shamings, beatings and killings

    A funeral has finally been held for one of the Chinese Communist Party's early high-profile political targets nearly 50 years after he disappeared, but state-run media said Friday it was not a moment to reevaluate the past. Chu Anping, a former editor of a Communist newspaper, was the first victim of Mao Zedong's Anti-Rightist …

  • Negotiators from 57 governments completed work Friday on a charter for a Chinese-led Asian regional bank and it is due to be signed in late June, the Chinese finance ministry said. Beijing's proposal for ...

  • Street dentist Allah Baksh takes measurements for dentures from a customer at his roadside stall at K.R. Market bus stand in Bangalore

    Ignoring noisy buses and curious onlookers, street dentist Allah Baksh plunges his hands into a patient's mouth to fit a sparkling set of dentures for $12 in the Indian city of Bangalore. With his plastic stool, mirror and glass cases of teeth on display, Baksh is among hundreds of such dentists frowned upon by their licenced …

  • Governor of the Bank of Japan (BoJ) Haruhiko Kuroda says the economy has been steadily improving

    The Bank of Japan on Friday held off launching more stimulus as its chief said the world's number-three economy was on the upswing, days after data showed stronger-than-expected growth in the first quarter. On Wednesday the government released figures showing Japan's economy, which sank into a brief recession last year, …

  • Drought-ridden California faces decision on new water cuts

    Farmers along the river delta at the heart of California agriculture expected to get an answer Friday on their surprise offer to give up a quarter of their water this year in exchange for being spared ...

  • Sydney has 70 percent of the most congested roads in Australia, and could see car travel times double by 2031, a report warns

    Australia must pour more money into transport systems or risk gridlock in its biggest cities costing more than Aus$53 billion (US$42 billion) a year, an infrastructure audit published Friday found. Road congestion across Australia's six largest cities, particularly in Sydney, cost the vast country some Aus$13.7 billion …

 

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