Asian stocks fell for a fourth day, reaching a three-month low, after a gauge of Chinese manufacturing fell and as investors awaited a Federal Reserve meeting starting tomorrow to gauge the timing of stimulus cuts.
Tour de France cycling team Lampre- Merida lost about $1 million worth of bikes, equipment and cars in a burglary last weekend that has thrown its plans for next season into disarray, a company spokesman said.
Japanese stocks rose, paring a monthly loss for the Nikkei 225 Stock Average, on speculation Europe may be close to a deal that will allow cash-strapped Greece to roll over some of its debt, helping avert a default and a possible banking crisis.
The government shutdown is a bridge way too far, but I hate to admit that the right-wing Republican caucus sometimes has a point. Just take a look at what bureaucrats get up to on their equivalent of New Year’s Eve. It’s as wild and crazy a moment for them as it is for revelers in Times Square. The difference is that the functionaries get to blow taxpayer money.
Japanese stocks gained for a second day, with the Nikkei 225 Stock Average closing at a four-week high, amid optimism Germany will support the European Central Bank’s bond-buying plan to ease the region’s debt crisis.
Japanese stocks fell, with the Nikkei 225 Stock Average close to erasing its gain this quarter, on concern that the outlook for exporters is dimming amid slower growth in China and squabbling by European policy makers.