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LONDON, United Kingdom (AFP) — Benchmark oil contract Brent North Sea crude climbed back to $60 per barrel on Wednesday, with OPEC cutting output and on easing concerns over weak demand growth. Around 0940 GMT, Brent crude for delivery in March hit $60 for the first time in 3.5 weeks and was up 20 percent compared with two weeks ago, prior to an oil production cut by the Organization of the Petroleum Exporting Countries […]
HONG KONG, China (AFP) — Increasing optimism that China and the United States will be able to hammer out a deal to help ease their trade war provided the impetus for more gains across Asian markets on Wednesday. After taking a battering in December and suffering a shaky start to 2019, confidence is slowly returning to equity trading floors, though dealers remain on edge. Federal Reserve boss Jerome Powell provided the platform for a rally […]
HONG KONG, China (AFP) — Increasing optimism that China and the US will be able to hammer out a deal to help ease their trade war provided the impetus for more gains across Asian markets on Wednesday. After taking a battering in December and suffering a shaky start to 2019, confidence is slowly returning to equity trading floors, though dealers remain on edge. Federal Reserve boss Jerome Powell provided the platform for a rally last […]
NEW YORK, United States (AFP) — Global stocks mostly rose on Tuesday as traders welcomed signs of apparent progress in the US-China trade standoff. European equities closed solidly firmer, while Wall Street posted its third straight positive session, in a welcome bounce after December’s rout. Trade talks in Beijing were set to continue on Wednesday in the first face-to-face meetings since US President Donald Trump and Chinese President Xi Jinping agreed to a tariff truce […]
NEW YORK, United States (AFP) — Shares of Apple nudged higher on Tuesday after Chief Executive Tim Cook touted the company’s technology pipeline and characterized worries about the company’s future as overwrought. Cook, in an interview with CNBC just six days after a sales warning sent shares skidding, highlighted a “culture of innovation” that he predicted would keep Apple a major force in technology. “In terms of the naysayer, I’ve heard this over and over […]
Tokyo, Japan (AFP) — Tokyo stocks rose moderately Tuesday with a tailwind from gains on Wall Street as investor sentiment improved, partly thanks to optimism over US-China trade talks. The benchmark Nikkei 225 index, which jumped 2.44 percent on Monday, added 0.82 percent or 165.07 points to close at 20,204.04 while the broader Topix index was up 0.39 percent or 5.90 points at 1,518.43. US shares pushed higher for a second session in a row Monday amid […]
LAS VEGAS, United States (AFP) — South Korean car maker Hyundai on Monday gave a look at work it is doing on a vehicle with robotic legs to let it walk or crawl over treacherous terrain. Hyundai showed off its Elevate project on the eve of the Consumer Electronics Show gadget extravaganza, billing it an unprecedented “Ultimate Mobility Vehicle” that combines technology from electric cars with robotics. “What if a car designed with robotics could […]
HONG KONG, China (AFP) — Asian markets mostly rose Tuesday with a little more optimism in the air than in recent weeks as China and the US hold trade talks and the Federal Reserve flags a more dovish stance. Wall Street provided another positive lead, extending Friday’s surge, with Chinese monetary easing at the weekend adding to the buying sentiment. Focus is now on Beijing, where Chinese and American officials were holding a second day […]
NEW YORK, United States (AFP) – Amazon for the first time closed out Monday’s trading session as the world’s biggest publicly-traded company, overtaking Microsoft and other fellow tech behemoths. The online sales goliath assumed the top spot after notching a 3.4 percent gain to finish with a market capitalization of $796.8 billion, about $13.2 billion more than Microsoft. Led by Chief Executive Jeff Bezos, Amazon has seen remarkable growth as its business has spread beyond […]
by Douglas Gillison Agence France-Presse WASHINGTON, United States (AFP) – World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire. The decision is likely to give US President Donald Trump decisive influence over the next leadership of the institution although Washington’s control over the 189-member global development lender has faced mounting criticism. “It has been a great honor to […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Tuesday with a tailwind from gains on Wall Street as investor sentiment improved, partly thanks to optimism over US-China trade talks. The benchmark Nikkei 225 index added 0.82 percent, or 168.82 points, to 20,202.79 in early trade, while the broader Topix index was up 0.55 percent, or 8.25 points, at 1,520.78. The US gains came amid continued relief after Federal Reserve Chair Jerome Powell on Friday […]
by Douglas Gillison Agence France-Presse WASHINGTON, United States (AFP) — World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire. The decision is likely to give US President Donald Trump decisive influence over the next leadership of the institution although Washington’s control over the 189-member global development lender has faced mounting criticism. “It has been a great honor to […]
