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NEW YORK, United States (AFP) — Wall Street stocks tumbled Monday at the start of a heavy week for earnings that began with disappointing reports from Caterpillar and others. The Dow Jones Industrial Average dropped 0.9 percent to close the session at 24,528.22. The broad-based S&P 500 shed 0.8 percent to end at 2,643.85, while the tech-rich Nasdaq Composite Index fell 1.1 percent to 7,085.68. Dow member Caterpillar, an industrial company seen as a proxy […]
NEW YORK, United States (AFP) — Global stocks mostly fell Monday as a heavy week of earnings and economic news kicked off with a pair of disappointing US reports that underscored worries about slowing Chinese growth. This week’s calendar includes the resumption of closely-watched US-China trade talks in Washington following a series of tariff announcements and tit-for-tat countermeasures by the two countries against each other. Economists say that and other trade battles are weighing on […]
Eagle Broadcasting Corporation and Globe Telecommunications signed an agreement on Saturday, January 26, 2019, on the promotion of Small and Medium Enterprises to help spur the growth of these SMEs which are vital in the country’s economy. The promotion is through EBC’s online business program, “Open For Business” hosted and produced by Caesar Vallejos of Posting Life Communications. Signing for EBC are its president Rowena Dela Fuente-Deimoy, Chief Operating Officer James Manzanero, Online Media […]
TOKYO, Japan (AFP) — Tokyo shares closed marginally higher on Tuesday after being dragged down by worries about the Chinese economy amid trade tensions with the United States. The Nikkei 225 index edged up 0.08 percent, or 15.64 points, to end at 20,664.64 while the broader Topix index was up 0.10 percent, or 1.58 points, at 1,557.09. Wall Street started the week lower on disappointing earnings reports by Caterpillar and tech firm Nvidia that underscored […]
HONG KONG, China (AFP) — Asian markets fell Tuesday as the charging of Chinese giant Huawei in the US cast a shadow over upcoming trade talks, while investors were also tracking a Wall Street sell-off fuelled by concerns corporate profits. A busy week across the globe got off to a nervous start Monday after industrial giant Caterpillar and chip company Nvidia projected worse-than-expected results for 2019, citing ongoing weakness in China. The announcements from two […]
TOKYO, Japan (AFP) — Tokyo stocks closed lower on Monday partially due to a strong yen, while investors braced for corporate results by major companies. The benchmark Nikkei 225 index slipped 0.60 percent, or 124.56 points, to 20,649.00 while the broader Topix index was down 0.68 percent, or 10.59 points, at 1,555.51. “We have very few trading elements today but a relatively strong yen is among the negative factors,” said Daiwa Securities senior technical analyst […]
HONG KONG, China (AFP) — Asian markets mostly rose Monday as investors look ahead to a week chock-full of crucial events including the high-level trade talks between China and the United States. Hopes that a deal can be struck between the world’s top two economies have helped fuel a rally this month in global equities, which had been hammered in December. While there have been conflicting reports on the likelihood of an agreement to solve […]
by Thomas Urbain Agence France Presse NEW YORK, United States (AFP) — America’s free online news heavyweights, BuzzFeed and HuffPost, this week were rocked by a new wave of layoffs, a sign of an advertising-dependent economic model under threat. At BuzzFeed, it was the second wave of job cuts in 14 months. In an internal announcement the company said that 200 jobs were to be shed, which follows the 100 jobs cut in the […]
HONG KONG, China (AFP) — Asian markets rose Friday putting them on course to end a shaky week on a positive note as investors look ahead to crucial trade talks between China and the United States at the end of the month. Small signs of a break in the impasse on Capitol Hill also provided some hope, with Democrats and Republicans meeting to end the month-long government shutdown that is taking its toll on the […]
SAN FRANCISCO, United States (AFP) — Apple acknowledged Thursday that it has trimmed its team devoted to self-driving car technology but stressed that its still in the race. Apple’s comment came in response to a CNBC report that the staff of a secretive Project Titan was reduced this week by more than 200 people, some of whom were transferred to jobs elsewhere at the California-based technology group. “We have an incredibly talented team working on […]
NEW YORK, United States (AFP) – The euro tumbled against the dollar Thursday following a dovish European Central Bank announcement, while US stocks were mixed as a government shutdown churned on with no resolution in sight. The ECB as expected kept interest rates unchanged. ECB Chief Mario Draghi warned that risks to the economy were “moving to the downside,” a gloomier outlook than in recent meetings, signaling that the central bank could still take measures […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Friday as investors bought on dips after the benchmark Nikkei fell for the third straight session. The Nikkei 225 index was up 0.22 percent, or 45.64 points, at 20,620.27 in early trade, while the broader Topix index rose 0.13 percent, or 2.09 points, to 1,554.69. “Bargain-hunting can be easily seen at this level of shares,” said Toshikazu Horiuchi, a broker at IwaiCosmo Securities. But the market […]
