Tag: Yahoo Finance

Asia Stocks Fall Led by Slide in Hong Kong Shares: Markets Wrap

(Bloomberg) -- Stocks in Hong Kong led most Asian shares lower Monday, after two protesters were shot by police during the morning commute. U.S. equity futures slipped as investors parsed the latest developments in the trade conflict.Hong Kong’s Hang Seng Index lost more than 2% as the tensions flared. Shares in Shanghai also retreated and the yuan edged lower, while traders also kept an eye on Alibaba’s Singles’ Day for a gauge of consumer health in China. Japanese shares were little changed. The yen climbed with gold as havens caught a bid. Veterans’ Day in the U.S. means no Treasuries trading.Monday’s unrest in Hong Kong has reminded investors of lingering geopolitical risks amid the hopes of progress in U.S.-China trade tensions. Meantime, data over the weekend showed prices at Chinese factories dropping for a fourth month in October. Still, Alibaba’s sales event kicked off with a bang, with $19 billion of...

Fukushima to Become Solar, Wind Hub Using Farmland Tainted by Radiation

(Bloomberg) -- Japan is pursuing a 300 billion ($2.75 billion) yen project to transform disaster-struck Fukushima prefecture into a clean-energy hub, with the development’s first solar farm scheduled to start in January.Building wind and solar farms on agricultural land tainted by radiation from the 2011 Dai-Ichi plant meltdown will help rejuvenate the area, which also suffered earthquake and tsunami damage, Masashi Takeuchi, the head of the energy division at the Fukushima prefectural government, said Monday.The venture includes plans for 11 solar farms and 10 wind farms with total capacity of 600 megawatts and is scheduled for completion by March 2024. The government plans to contribute 30 billion yen of subsidies and the Nikkei reported earlier the Development Bank of Japan and Mizuho Bank are among the institutions planning to provide financing.The first solar farm will probably be a 20 megawatt project in Minamisoma city in the northern part of Fukushima prefecture,...