Asian markets were mixed on Friday, as Japanese shares edged lower following a soft reading on inflation, while Chinese stocks were a touch higher as the market moderated at the end of a wild week of trading in Shanghai.
RIYADH (Reuters) - Saudi Arabia's finance minister said there was no need for the kingdom to create a sovereign wealth fund to manage its oil wealth, rebuffing suggestions by prominent officials and businessmen.
China's stocks rallied for a second day, erasing the benchmark index's losses for the week, after money-market rates dropped and speculation grew that the government will take more measures to bolster the economy.
SEOUL, South Korea - South Korea, the U.S. and Japan will sign their first-ever trilateral intelligence-sharing pact next week to better cope with North Korea's increasing nuclear and missile threats, Seoul officials said Friday.
MOSCOW: When Olga Savelyeva took out a $226,000 mortgage to buy a small apartment on the outskirts of Moscow in 2008, she could never have imagined that the ruble would lose more than half its value in a few short years.