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TOKYO, Japan (AFP) — Confidence among Japan’s biggest manufacturers was unchanged this quarter after slipping for three consecutive surveys, central bank data showed on Friday. The Bank of Japan’s Tankan report — a quarterly survey of about 10,000 companies — showed a reading of 19 among major manufacturers in its December survey. The reading was unchanged from the previous quarter when corporate confidence was down for the third time in a row. Economists say the […]
WASHINGTON, United States (AFP) — Apple announced Thursday it will build a $1 billion campus in Texas as part of a nationwide expansion. The facility will be less than a mile from the tech giant’s existing facility in Austin and initially accommodate 5,000 additional employees, with room to grow to 15,000. As it stands, 6,200 people now work for Apple in the Texan capital — the largest cluster outside its headquarters in Cupertino, California. Employees […]
HONG KONG, China (AFP) — Asian markets enjoyed more gains Thursday as investors are cheered by the more conciliatory noises from China and the US on trade, while uncertainty over Brexit continued to pressure the pound. While the tariffs row between Beijing and Washington is far from being resolved, there is a lot more optimism on trading floors this week that the world’s top two economies can make headway in talks over the next three […]
NEW YORK, United States (AFP) — Wall Street stocks finished higher on Wednesday due to improved hopes for the US-China trade talks. The Dow Jones Industrial Average added 0.6 percent at 24,527.27. The broad-based S&P 500 advanced 0.5 percent to 2,651.07, while the tech-rich Nasdaq Composite Index jumped 1.0 percent to 7,098.31. Wall Street stocks have been volatile in recent weeks in part due to unpredictable and ambiguous events connected to the Beijing-Washington trade negotiations. […]
DUBAI, United Arab Emirates (AFP) — Oil producers who agreed last week to trim production to boost prices will meet in April to review the impact and sign a long-term pact, the UAE minister said Wednesday. OPEC and some non-OPEC producers decided to cut output by 1.2 million barrels per day for six months from January after world prices shed a quarter of their value in just a few weeks. Prices currently hover around […]
by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) — American farmers have been forced to warehouse a bumper crop of soybeans, or sell at a loss, while a Midwest medical supply company is considering shipping production overseas amid growing uncertainty. Surveys of US business and consumer sentiment continued to show economic optimism going into next year but cracks are beginning to form — in the United States and around the world — with […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — The British pound fell again Tuesday due to mounting uncertainty over Prime Minister Theresa May’s Brexit plan, while European bourses advanced amid bargain-hunting. Wall Street experienced another volatile session, boosted by reports of progress in the US-China trade war, but buffeted by President Donald Trump’s threat to shut down the government over border security funding. Major US indices ended little changed. Britain’s prime […]
CAIRO, Egypt (AFP) — Egypt has warned it will take legal action against Apple if the US tech giant fails to remove alleged “restrictions” on local distributors within 60 days. A decree threatening action was published in the official gazette on Monday after accusations from Egypt’s Competition Authority that Apple had violated the country’s competition law. It said the company had “isolated the Egyptian market geographically” by restricting sales to distributors in the country from […]
NEW YORK, United States (AFP) — McDonald’s announced a plan on Tuesday for a phased reduction of antibiotics in beef, expanding a health-oriented reform to a new meat source other than chicken. The fast-food giant described a three-stage process where it would first undertake a study of its top 10 beef sourcing markets of current antibiotic use in livestock and by 2020 establish reduction targets. Starting in 2020, McDonald’s will begin reporting progress against antibiotic […]
TOKYO, Japan (AFP) — Tokyo shares closed lower on Tuesday as uncertainty caused by factors including Brexit and trade tensions weighed on the market, wiping out early gains. The benchmark Nikkei 225 index fell 0.34 percent or 71.48 points to 21,148.02 while the broader Topix index was down 0.91 percent or 14.50 points at 1,575.31. Tokyo shares opened higher, rebounding from sharp drops the previous day, with investors apparently relieved that Wall Street eked out […]
HONG KONG, China (AFP) — Asian equities struggled again Tuesday despite a bounce in New York as investors fret over a perfect storm of issues that have hammered global markets, while the pound remained stuck around 20-month lows on Brexit uncertainty. Bargain-buyers tried to step in after the latest sell-off but were unable to gain traction, with fears about the outlook for the global economy keeping sentiment beaten down. The China-US trade row, signs of […]
(AFP) — A Chinese court ordered a ban in the country on iPhone sales in a patent dispute between US chipmaker Qualcomm and Apple, according to a Qualcomm statement Monday. The statement said the Fuzhou Intermediate People’s Court had granted Qualcomm’s request for two preliminary injunctions against four subsidiaries of Apple, ordering them to immediately to stop selling the iPhone 6S, iPhone 6S Plus, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus and iPhone […]
