Markets
China, Indonesia face deeper output cuts to tackle nickel price slide
China and Indonesia are set to reduce nickel output by at least 100,000 metric tons this year as producers seek to limit losses following a slump in the price of the metal used in stainless steel manufacture and for EVs, traders and analysts said.
Most Asian FX post weekly losses on U.S. rate cut outlook, China gloom
Most Asian currencies declined for the week as concerns over China's shaky economic recovery and a gloomier outlook for U.S. rate cuts soured sentiment.
Industrial production gains back some of the strength lost in recent months
Industrial production in the Philippines, which measures the performance of the various industrial units such as manufacturing, mining and others, rose 2 percent in volume terms in December. In value terms, industrial production grew 2.6 percent.
Stocks, yields slide as Fed signals no rate cut soon
Treasury yields and a gauge of global equities fell sharply after the Federal Reserve left interest rates unchanged as expected on Wednesday but indicated it would not reduce them until inflation was "moving sustainably" towards its 2 percent target.
World stocks pick up, China markets struggle
Global stocks neared one-month highs on Tuesday, after the Bank of Japan left monetary policy unchanged, bolstering the yen and Japanese stocks, while Chinese equity investors took little heart from speculation of a huge government rescue package.
