When the economic storm clouds
are gathering, a U.S. recession is on the horizon, stocks and
long-term bond yields are falling, and the U.S. yield curve is
close to inverting, you'd expect the dollar to strengthen.
Mexico's president said on
Thursday that he plans for the military to build an urban
development in the capital worth up to $1.5 billion, dashing the
chances for private firms to swoop in on one of Mexico City's
last undeveloped swaths of land.
China's Foreign Ministry said on
Friday it is resolutely opposed to accusations from the United
States and other allies criticising China for economic
espionage, urging Washington to withdraw its accusations.
U.S. game software firm Zynga Inc
said on Thursday it would buy a majority stake in
Finland's Small Giant Games, maker of the popular Android game
Empires & Puzzles, for about $700 million, in a move to
strengthen its mobile game portfolio.
Asia Pacific M&A volumes
clocked their second-highest level on record this year and
dealmakers are optimistic the momentum will persist into 2019,
with inbound deals into China emerging as a strong theme amid
political and macroeconomic headwinds.