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HONG KONG, China (AFP) — Hong Kong stocks sank in early trade Monday following last week’s torrid Wall Street losses as political turbulence in Washington continues to hit Asian shares. The Hang Seng Index was down 1.13 percent, or 290.96 points, to 25,462.46. The benchmark Shanghai Composite Index dropped 0.38 percent, or 9.51 points, to 2,506.74, and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, fell 0.26 percent, or 3.34 points, to […]
HONG KONG, China (AFP) — Asian stocks fell in early trade Monday despite a weekend call by Treasury Secretary Steven Mnuchin to top US banking executives aimed at stemming market panic which saw Wall Street experience its worst week in a decade. The Dow and the Nasdaq ended Friday with their biggest weekly drop since the start of the global financial crisis as investors took fright over a government shutdown in Washington, President Donald Trump’s […]
KUWAIT CITY, Kuwait (AFP) — Oil ministers from leading OPEC nations said Sunday they expect prices will arrest their recent slide and rebalance early next year, when a deal on new production cuts takes effect. Oil prices have shed more than 36 percent since early October to trade at $54 (47 euros) per barrel, due to fears of oversupply and weak global demand. But president of OPEC and UAE Energy Minister Suhail al-Mazrouei said that […]
Former Nissan boss Carlos Ghosn will be spending Christmas and the beginning of 2019 behind bars after a Tokyo court on Sunday extended his detention through to January 1. “Today, a decision was made to detain (Ghosn). The full term of the detention will expire on January 1,” the Tokyo District Court said in a statement to media. The move by the court comes as Tokyo prosecutors continue to grill the automobile tycoon over allegations […]
by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) — The US central bank sent a strong signal on Friday that it would be willing to reconsider expected interest rate hikes amid new data showing President Donald Trump’s multi-front trade wars are dragging on the economy and shaking up investors. The message, from the senior Federal Reserve official with the closest links to US financial markets, sent the Dow Jones Industrial Average surging 300 […]
by Frederick ATTEWILL Agence France-Presse HONG KONG, China (AFP) — Fresh political turbulence in Washington and renewed fears over US-China relations pushed Asian markets lower Friday, as a global slump sparked by unease over Fed policy showed no signs of easing. The resignation of US Defense Secretary Jim Mattis — seen as a moderating force on an often impulsive president — and the looming threat of a federal government shutdown alarmed investors as concern grows […]
HONG KONG, China (AFP) — Fresh political turbulence in Washington and renewed fears over US-China relations pushed Asian markets lower Friday, as a global slump sparked by unease over Fed policy showed no signs of easing. The resignation of US Defense Secretary Jim Mattis — seen as a moderating force on an often impulsive president — and the looming threat of a federal government shutdown alarmed investors as concern grows over weakening global growth. US […]
by Hui Min NEO Agence France Pressse BERLIN, Germany (AFP) — A German court on Thursday ruled in favour of US chipmaker Qualcomm in a patent dispute case against Apple, which could lead to a ban on sales of iPhones in Germany. This marks a second major win for Qualcomm in a month after a court in China on December 10 ordered a prohibition on iPhone sales over a separate patent dispute there. “Qualcomm ruling […]
HONG KONG, China (AFP) — Tokyo led a rout of Asian shares Thursday, mirroring big losses on Wall Street after the Fed defied unprecedented pressure from Donald Trump and raised interest rates, sparking fears the move could choke economic growth. The Nikkei plunged to a 15-month low as investors took fright over the pace of monetary tightening, with a slump triggered by the Dow’s fall to its lowest level of 2018 gathering pace. The US […]
TOKYO, Japan (AFP) – Shares in the mobile unit of Japanese technology giant SoftBank resumed steep declines Thursday on their second trading day after a bruising debut saw stocks close 14.5 percent lower. In early exchanges, shares in SoftBank Corp were down 7.6 percent at 1,183 yen as heavy selling dominated at the opening bell. The IPO price was 1,500 yen. The shares were 8.3 percent down at their lowest level before bouncing slightly. That […]
HONG KONG, China (AFP) — Most markets were mixed in Asia Wednesday as investors moved cautiously after the previous day’s sell-off, while focus is on a Federal Reserve policy decision with opinions split on whether or not it should hike interest rates again. Oil prices also edged up but were struggling to make a dent in the steep losses sustained Tuesday as traders fret over a global supply glut, higher production and the outlook for […]
by Heather SCOTT Agence France-Presse WASHINGTON, United States (AFP) — The US Federal Reserve is expected to raise the benchmark lending rate on Wednesday but to accompany that with a strong sign it will hold off on future increases. But the outcome of the two-day monetary policy meeting is perhaps the most uncertain of any in the past decade. A remarkably low 72 percent of market participants expect an increase in the federal funds rate […]
