News Snapshot:
By Ambar Warrick Investing.com-- Asian stocks moved little on Friday as hawkish comments from the Federal Reserve weighed on risk appetite, while Petrochina surged on a report that it intends to spin off its marketing business. Most Asian bourses moved less than 0.5% in either direction after hawkish overnight comments from several Fed members suggested that the central bank intended to keep raising rates at a sharp clip. St Louis Fed President James Bullard and San Francisco President Mary Daly both flagged a potential 75 basis point rate hike by the central bank during its September meeting. This comes after...
