Businesses and government offices will be closed Thursday, Nov. 28 in observance of Thanksgiving Day.
City and county offices will be closed on Thanksgiving Day but police, sheriff, fire and other emergency services will remain in operation. City offices will be closed Thursday, Nov. 28, as well as county offices.
SINGAPORE/TOKYO (Reuters) - Asian shares inched higher on Friday but were still set to post a loss for July, led by China's biggest monthly drop in six years. The dollar edged away from highs scaled after U.S. GDP data reinforced expectations that the Federal Reserve is likely to raise interest rates this year. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.3 percent at 0532 GMT, but recorded a loss of 5.9 percent for the month.
The U.S. Federal Reserve will not need to see balanced risks to the economy to proceed with an interest rate hike in September, according to former Fed officials and a review of central bank statements through recent turns in policy. In its latest statement, released Wednesday, the Fed said it continued to judge the risks to the U.S. economy as "nearly balanced," meaning it still sees a greater threat of a new downturn than it does of accelerating inflation and excessive growth. Prior to its decision to begin raising rates at that meeting, the Fed had for several months judged the risks to the economy as "roughly equal." It kept that characterization at the June meeting, and for nearly a year after that.
HONG KONG/SHANGHAI (Reuters) - China is asking foreign and Chinese-owned brokerages in Hong Kong and Singapore to hand over stock trading records, sources with direct knowledge of the requests told Reuters, extending its pursuit of investors shorting Chinese stocks to overseas jurisdictions. Three sources at Chinese brokerages and two at foreign financial institutions said the China Securities Regulatory Commission (CSRC) had sought to identify traders and investors who had taken net short positions, or bets that prices would fall, against Chinese-listed shares. "The implied threat by the CSRC is that anything that is not a hedge is a no-no," said a source in Hong Kong with knowledge of the requests.