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The collapse in oil markets in recent months is now being mirrored in Asian liquefied natural gas markets, where prices have nearly halved in the last four months.
Two of the world’s most heavily traded commodities, copper and iron ore, have plunged to 5½-year lows this past week as China’s weakening growth, global deflation and the stronger U.S. dollar have intensified a selloff begun last year.
Stocks in Japan led Asia mostly higher, with electronics maker Toshiba’s shares rising on its sharp earnings growth.
Apple surpassed even the most bullish Wall Street expectations for its holiday quarter with an improbable trifecta: selling 46% more iPhones at higher prices—and earning more on each sale.
Yahoo unveiled plans for a tax-free spinoff of its remaining holdings in Chinese e-commerce giant Alibaba as the company also reported declines in fourth-quarter earnings and revenue.
The Monetary Authority of Singapore said it would slow the Singapore dollar’s rise against a basket of currencies, making the city state the latest country to ease monetary policy as inflation slows across much of the world and growth prospects dim.
Taiwan’s latest spy scandal has accentuated concerns about low morale in a pared-down defense force as the island forges warmer ties with China.
Greece and its creditors veered toward confrontation as its new, leftist government pledged to make good on promises to reverse years of public-spending cuts despite warnings from European capitals that doing so could plunge the country, and Europe, into deeper crisis.
Japan’s hostage crisis appears certain to play a role in the debate over the country’s global security stance as the government prepares legislation that would give it more freedom to use military force.
A video released Saturday on social media accounts linked to Islamic State claimed to show the militant group had killed one of two Japanese hostages. Prime Minister Shinzo Abe said it’s likely genuine.