U. S. State have voted to remove a controversial flag from the state house grounds following the brutal murder of nine people. Chinese stocks reversed losses and rallied thursday pulling many of the other markets in the Asia Pacific Region higher. Gene otani from the Business Team has been following the markets in china and elsewhere in the region. Gene, a busy two days. What can you tell sinusus . Very much a rebound after the decline the day before. Authorities in beijing reacted wednesday by announcing a new range of measures to bring things under control and it looks like investors were convinced the shanghai rallied. Here are the results. It closed up 5. 76 . Closing at 3,709. Bargain hunters charged the market with orders. The index kept climbing in the afternoon session eventually leading to the strong performance. For more Ramin Mellegard spoke to someone who gave us details on whats behind the recent volatility. I think there are two parts. The first part here is we have a hug
Midnight in london, and 7pm in the evening in newjersey where President Trump has again ramped up his warnings to north korea. He said that his threat to unleash Fire And Fury if pyongyang threatened the us may not have been tough enough. The us president said north korea should very, very nervous if it made plans to attack the United States or any of its allies. From washington, our North America correspondent, nick bryant, reports. Its from his golf club in newjersey during his Working Vacation that donald trump is managing this stand off. And this afternoon he was back in his trademark suit and tie, and using his trademark tough talk, his response to the latest threats from pyongyang. I will tell you this, if north korea does anything in terms of even thinking about attack, of anybody that we love or we represent or our allies or us, they can be very, very nervous. Ill tell you why. And they should be very nervous, because things will happen to them like they never thought possible.
His first travel order signed in january was also halted by a federal judge. Switching gears, policymakers at the u. S. Federal reserve have decided to raise the key Interest Rates, ai uchida joins us with details from our business desk. The fed officials seem confident about the u. S. Economy, the steady growth its seeing . Absolutely. What do you have for us . Certainly seems that way, catherine. This is only the third time in a decade that they are hiking the benchmark rate, and its the latest move will be the first since donald trump stepped into the white house in january. Analysts have been trying to assess how the u. S. Central bank is going to respond to the president s economic policy. Fed chair janet yellen spoke at the end of a twoday policy meeting. She said the key rate target will be 0. 75 to 1 . We have performed well over the last several years. Yellen noted that inflation has increased in recent quarters, approaching the feds 2 longerrun objective. Todays decision also
His first travel order signed in january was also halted by a federal judge. Switching gears, policymakers at the u. S. Federal reserve have decided to raise the key Interest Rates, ai uchida joins us with details from our business desk. The fed officials seem confident about the u. S. Economy, the steady growth its seeing . Absolutely. What do you have for us . Certainly seems that way, catherine. This is only the third time in a decade that they are hiking the benchmark rate, and its the latest move will be the first since donald trump stepped into the white house in january. Analysts have been trying to assess how the u. S. Central bank is going to respond to the president s economic policy. Fed chair janet yellen spoke at the end of a twoday policy meeting. She said the key rate target will be 0. 75 to 1 . We have performed well over the last several years. Yellen noted that inflation has increased in recent quarters, approaching the feds 2 longerrun objective. Todays decision also
Those are the headlines for this hour, but first, chinese leaders look set to increase investment in central and eastern europe. Li keqiang has announced the financing of a high speed rail link in budapest. Translator cooperation will help reach our goal to achieve better growth. Li taken heads of 16 countries gathered in serbias capital for their annual summit. Many expressed hope about chinas investment in the region. Translator this region could become an engine to move stagnant european economies. Potential for partnership is big especially in the areas of transport, infrastructure, and energy. Vujacic said that the leaders have to give hope to their people by focusing on the future. The economies are lagging behind those of western europe. China is establishing a stronger presence in develop regular johns by investing in Infrastructure Projects such as roads and power plants. Next years conference is expected to take place in china for the first time. People in north korea are obs