Asian currencies rose for a fourth week, the longest winning streak in seven months, on speculation central banks will provide more policy stimulus after data from China to the U.S. fanned concerns that slowdown.
Shares of Asian banks and information technology companies advanced this week as Macquarie Group Ltd. and Samsung Electronics Co. posted higher profits. Japanese exporters fell as the yen touched a two-week high.
Richard Lugar, an Indiana Republican who served six terms in the U.S. Senate and led its Foreign Relations Committee, said in an interview airing this weekend on Bloomberg Television’s “Political Capital with Al Hunt” that President Barack Obama made a mistake by drawing a so-called red line over Syrian chemical-weapons use.
U.S. stocks rose to successive records during the week and the Standard & Poor’s 500 Index traded above 1,600 for the first time, extending a 2013 rally fueled as individuals and professionals alike increased bullish bets.
Zbigniew Brzezinski, who served as national security adviser to former President Jimmy Carter, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that President Barack Obama’s setting of a red line if Syria’s government used chemical weapons was made “without too much thought.”
Ford Motor Co., seeking to challenge Toyota Motor Corp.’s dominance in gasoline-electric vehicles, said it will pass its full-year record for U.S. hybrid sales this month on demand for its Fusion and C-Max models.
Bank of Japan Governor Haruhiko Kuroda said Japan’s unprecedented monetary stimulus was understood at a meeting of finance ministers and central bankers from China, South Korea, and 10 Southeast Asian nations.