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HONG KONG, China (AFP) — Asian markets rose Thursday as investors try to ascertain the state of play in the China-US trade row, while the pound edged higher on optimism Britain will not crash out of the European Union. However, the US government shutdown continued to rankle, with Democrats and Donald Trump digging their heels in over the president’s border wall budget demand, while a White House official warned it could hammer the world’s top economy. […]
SEOUL, South Korea (AFP) — South Korea’s largest automaker Hyundai Motor reported its first quarterly loss in eight years on Thursday, with currency swings sending it $180 million into the red in October-December despite improved sales. Operating profit fell 35 percent from a year earlier to 501 billion won ($443 million), the firm said in a statement, and it made a net loss of 203 billion won. “Due to weakened currency in emerging markets coupled […]
HONG KONG, China (AFP) — Asian investors trod cautiously Thursday as they try to ascertain the state of play in the China-US trade row, while the pound edged higher on growing optimism Britain will not crash out of the European Union. The long-running US government shutdown continued to rankle, with Democrats and Donald Trump digging their heels in over the president’s border wall budget demand, while a White House official warned it could hammer the […]
TOKYO, Japan (AFP) — Tokyo stocks recovered from earlier losses to end almost flat Wednesday, as the dollar firmed while investors searched for new cues. The benchmark Nikkei 225 index ended down just 0.14 percent, or 29.19 points, at 20,593.72, while the broader Topix index fell 0.60 percent, or 9.40 points, to 1,547.03. Tokyo shares began trading in the red, touching the day’s low of 20,438.22 a minute after the opening bell, after Wall Street shares […]
SAN FRANCISCO, United States (AFP) — From “Fortnite” to “Pokemon Go,” play in the US drove video-game industry revenue to a record-setting $43.4 billion last year, according to data released Tuesday. Spending on games in the US in 2018 climbed 18 percent from the previous year, according to figures from the Entertainment Software Association (ESA) and market tracker NPD Group. “Whether it was playing on the go on a mobile device or at home on a PC […]
HONG KONG, China (AFP) –Asian markets fluctuated Wednesday following a negative lead from Wall Street as investors grow nervous about the chances of success in China-US trade talks ahead of a crunch meeting next week. The mood remains cautious, with the rally that has characterized the start of the year stuttering owing to a slowing Chinese economy, a softer global outlook and other issues including Brexit and the US government shutdown, which shows no sign […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — Global stocks fell Tuesday amid revived worries over US-China trade relations and a sense the January rally is fading. Wall Street indices, which have been on a nearly unbroken ride higher the last four weeks, following December’s rout, fell more than one percent. Earlier, European and Asian shares also pulled back due in part also to profit taking and economic worries after the […]
HONG KONG, China (AFP) — Asian markets edged down Tuesday as profit-takers stepped in following a recent run-up, while the pound maintained gains on hopes Britain will avoid crashing out of the European Union. While there were few catalysts to drive business and Wall Street was closed for a holiday investors are keeping tabs on developments in various issues including the US government shutdown, Brexit and China’s stuttering economy. The optimism surrounding China-US trade talks […]
SEOUL, South Korea (AFP) — South Korea’s GDP growth slowed to its weakest in six years at 2.7 percent in 2018, the central bank said Tuesday, as President Moon Jae-in’s ratings fall amid concerns over the health of the world’s 11th-largest economy. Public discontent over the sluggish economy, especially on relatively high youth unemployment, has dragged Moon’s approval ratings below 50 percent, down from the 80s he was scoring in May after his first summit […]
by Ryan MCMORROW Agence France-Presse BEIJING, China (AFP) — China’s economy grew at its slowest pace in almost three decades in 2018, losing more steam in the last quarter as it battles a massive debt pile and a US trade war, official data showed Monday. The 6.6 percent growth comes in above the official target of around 6.5 percent and matches a forecast by analysts polled by AFP, but is down from the 6.8 percent […]
TOKYO, Japan (AFP) — Tokyo stocks closed higher on Monday, extending global rallies as optimism grew over a breakthrough in efforts to defuse a US-China trade war. The benchmark Nikkei 225 index rose 0.26 percent or 53.26 points to 20,719.33 while the broader Topix index was up 0.56 percent or 8.78 points at 1,566.37. “A set of positive factors — hopes for progress in US-China trade talks, rallies on Wall Street and a relatively weak […]
HONG KONG, China (AFP) — Asian markets on Monday built on last week’s rally as investors cheered a report that China had offered to eliminate its massive trade surplus with the United States, while data showed Chinese economic growth hit forecasts in 2018. Regional equities picked up where they finished Friday after Bloomberg said Beijing had pledged to ramp up spending on US goods over the next five years. While there was some scepticism over […]
