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HONG KONG, United States (AFP) — Asian markets were mostly up Wednesday with investors remaining positive about the prospects for a China-US trade deal while the pound held its gains as fears of a no-deal Brexit recede. Wall Street provided a tepid lead as Federal Reserve boss Jerome Powell gave little away to lawmakers on the central bank’s plans for monetary policy. With few catalysts to drive business, dealers are awaiting the latest developments in […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday in cautious trade as investors hunted for bargains with a lack of fresh events to support the market after slides in US shares. The benchmark Nikkei 225 index edged up 0.23 percent, or 49.79 points, to 21,499.18 in early trade, while the broader Topix index was up 0.15 percent, or 2.41 points, at 1,619.61. “As the Japanese market fell yesterday ahead of the slides in […]
NEW YORK, United States (AFP) — The British pound rallied Tuesday as the odds of a “hard” no-deal Brexit receded, while US stocks edged lower following dovish commentary from Federal Reserve Chair Jerome Powell. British Prime Minister Theresa May promised to allow parliament to delay Brexit by up to three months if her own divorce proposals fail to win the support of lawmakers by March 12. The dramatic reversal in May’s steadfast strategy came after […]
TOKYO, Japan (AFP) — Tokyo stocks closed lower on Tuesday following recent gains fueled by optimism over the China-US trade talks, while analysts also said news of Indian air strikes in Pakistan-controlled Kashmir weighed on the market. The benchmark Nikkei 225 index, slipped 0.37 percent, or 78.84 points, to 21,449.39 while the broader Topix index was down 0.23 percent, or 3.67 points, at 1,617.20. Shares have enjoyed healthy buying of late, thanks to hopes that […]
HONG KONG, China (AFP) — Asian markets fell Tuesday as investors struggled to maintain momentum from the previous day’s trade talks-fuelled surge, while the pound extended gains following reports of a possible Brexit delay. Donald Trump’s decision to waive this week’s deadline for China-US negotiations and his upbeat tone on their progress lit a fire under regional equities Monday on hopes the long-running dispute could be nearing its end. However, while dealers are hopeful the […]
Caesar Vallejos OPEN FOR BUSINESS, Eagle News Service The newly appointed Co-Chair of Ease of Doing Business in Paying Taxes, Mon Abrea, the Founding President of the Center for Strategic Reforms of the Philippines, said that “administrative reform should supplement or support any policy reform.” In his talk at the Asia CEO Forum last February 22, 2019 at the Marriott Hotel, Abrea said, “dito kami madalas nag-co-conflict with DOF, we really have ideas on policy […]
WASHINGTON, United States (AFP) — The US packaged food giant Kraft Heinz has announced a $15.4 billion write down on some of its most iconic brands, reflecting a big change in what people like to eat. In its fourth quarter earnings report, the company said Thursday that the write-down resulted in a net loss of $12.6 billion. The company also announced it was subpoenaed late last year by the Securities and Exchange Commission over its […]
HONG KONG, China (AFP) — Asian markets were mixed Friday following losses on Wall Street as optimism over the China-US trade talks was trumped by a weak round of US data that revived concerns about economic growth. With high-level negotiations between the world’s top economies still taking place in Washington there has been little concrete news about their progress, though some reports have said the two are heading towards an eventual deal. The lack of […]
HONG KONG, China (AFP) — Asian markets mostly fell Friday, tracking losses on Wall Street as optimism over the China-US trade talks was trumped by a weak round of US data that revived concerns about economic growth. With high-level negotiations between the world’s top economies still taking place in Washington, there has been little concrete news about their progress, though some reports have said the two are heading towards an eventual deal. The lack of […]
NEW YORK, United States (AFP) — Global stocks were mixed Thursday following lackluster economic data as high-stakes trade talks between the US and China resumed in Washington. Frankfurt was a touch higher at the close and Paris ended flat, while London lost nearly one percent, and US stocks fell. Fresh economic data showed manufacturing in the eurozone and Japan shrank in February, which was seen as evidence of global economic sluggishness amid the US-China trade […]
TOKYO, Japan (AFP) — Tokyo stocks turned down Thursday after three days of gains as investors found few fresh buying pegs after dovish signals from the US central bank. The Nikkei 225 index opened slightly higher as Wall Street stocks edged up, following cues from the Federal Reserve. But the Tokyo benchmark soon fell into negative territory and lost 0.27 percent or 58.93 points to 21,372.56 in the first 30 minutes of trade. The broader Topix […]
HONG KONG, China (AFP) — Asian markets were mixed Thursday after the Federal Reserve left open the possibility it could lift interest rates this year, while investors kept an optimistic eye on China-US trade talks. Equities and other risk assets have enjoyed a stellar start to the year on hopes for the negotiations as well as expectations the US central bank will slow its pace of monetary tightening — with some even tipping a cut […]
