Global Markets: Global stocks on the rise
WINNIPEG, April 13 (CNS) – A recent discovery in Japan has calmed fears the Earth could be running out of rare earth metals. Researchers have discovered an estimated 16 million tonnes of the metals near a Japanese Island. Up to now, China has supplied much of the world with the metals, which are used to power everything from wind turbines to rechargeable batteries. According to a report in Nature magazine, the metals were found in deep-sea mud near the island of Minamitori.
One of the world’s most lucrative fashion houses is under new leadership. Burberry, which is based in London, has announced it is replacing current CEO John Peace with Gerry Murphy. Before today’s announcement Murphy had been chairman of rival company Tate & Lyle. Burberry is known around the world for its iconic trench coats and hats.
Global stocks were higher on Friday as investors’ fears over potential global conflicts seem to have eased slightly. Asian markets were particularly buoyant compared to the start of the week. Nikkei 225 jumped 0.6 per cent to 21,778.74 while South Korea’s Kospi index rose 0.5 per cent to 2,455.07. Factors contributing to the rise included U.S. President Donald Trump’s indication that his country could return to the Trans-Pacific Partnership and signs the U.S. would consult allies before attacking Syria.