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by Joseph Sotinel and Simon Morgan Agence France Presse VIENNA, Austria (AFP) — OPEC members and other oil-producing countries mulled cuts in output Thursday to prop up plunging prices, defying repeated calls by US President Donald Trump that they keep the taps open. “We’re looking for a sufficient cut to balance the market, equally distributed between countries,” Saudi oil minister Khalid al-Falih told reporters ahead of an OPEC meeting in the Austrian capital. Oil […]
WASHINGTON, United States (AFP) — US President Donald Trump on Wednesday urged OPEC members not to slash production at their upcoming meeting, saying global oil prices should remain low. Trump’s comment came as members of the Organization of Petroleum Exporting Countries and other oil-producing nations prepared to meet Thursday and Friday in Vienna to discuss lowering their output. “Hopefully OPEC will be keeping oil flows as is, not restricted. The World does not want […]
TOKYO, Japan (AFP) — Nissan plans to conduct another recall owing to “improper” tests on new vehicles, a newspaper said Thursday, dealing a fresh blow to the Japanese car giant following the shock arrest of former chairman Carlos Ghosn. The latest issue was uncovered after transport ministry officials conducted on-site inspections at Nissan’s major assembly plants, the Nikkei business daily said. Several employees admitted they carried out “improper” tests on brake and other systems before […]
HONG KONG, China (AFP) — Shares across Asia plunged Thursday, with technology firms in Hong Kong and Shanghai battered after the arrest of a top executive at Chinese telecoms giant Huawei that has also fuelled fears about the recent China-US trade deal. As Donald Trump and Xi Jinping’s tariffs ceasefire last weekend — which sparked a one-day rally — fades to a distant memory, investors are back in selling mood as they fret over a […]
PARIS, France (AFP) — Tesla Motors said Wednesday it will begin European deliveries of its long-awaited mass-market Model 3 electric car from February. A spokesperson told AFP the first to take delivery would be customers who had reserved their Model 3 starting March 2016 if they confirm their order by January 1. The spokesperson said customers would be invited to confirm over the coming weeks, starting Wednesday. Tesla’s mid-size, four-door all-electric family car was first […]
HONG KONG, China (AFP) — Asian markets fell Wednesday following a rout on Wall Street, as investors were bombarded by a “perfect storm” of problems from trade to Brexit that erased the positivity seen at the start of the week. The glum mood overshadowed hints from Donald Trump at more time to resolve the China-US trade row, as well as soothing comments from China about their desire to push on with a weekend agreement between […]
(Eagle News) – Inflation, or the increase in prices of goods and services, for November, slowed down to 6 percent, according to the latest data from the Philippine Statistics Authority. This was much lower than October’s 6.7 percent, and was within the lower end of the projection of the Bangko Sentral for inflation between 5.8 percent and 6.6 percent. It is also lower than the 6.3 forecast of the Department of Finance. According to the […]
HONG KONG, China (AFP) — Asian markets mostly dropped Tuesday as the previous day’s euphoria over the China-US trade war ceasefire gave way to questions about whether the two can ultimately resolve their differences. However, oil prices continued to rise, building on Monday’s surge fuelled by the agreement as well as news of a Russia-Saudi Arabia pact to cap output. Global investors were given some much-needed Christmas cheer at the weekend after Donald Trump and […]
TOKYO, Japan (AFP) — Tokyo stocks closed loser on Tuesday, ending a seven-day winning streak, as a higher yen against the dollar weighed on the market and investors sought to lock in profits. The benchmark Nikkei 225 index dropped 2.39 percent, or 538.71 points, to 22,036.05 while the broader Topix index fell 2.36 percent, or 39.85 points, to end at 1,649.20. “The yen is edging higher” against the dollar “on geopolitical risks including violent protests […]
HONG KONG, United States (AFP) — Asian markets mostly dropped Tuesday as the previous day’s euphoria over the China-US trade ceasefire gave way to questions about whether the two can ultimately resolve their differences. However, oil prices continued to rise, building on Monday’s surge fuelled by the agreement as well as news of a Russia-Saudi Arabia pact to cap output. Global investors were given some much-needed Christmas cheer at the weekend after Donald Trump and […]
TOKYO, Japan (AFP) — The end of the pager era is nigh in Japan after five decades as the country’s last provider announced on Monday it would be scrapping its service next year. Tokyo Telemessage, the only pager service provider left standing, said it had decided to terminate its service to Tokyo and three neighboring regions in September 2019 — describing the development as “very regrettable.” “Pagers were once a huge hit… but the number […]
by David HARDING Agence France Presse DOHA, Qatar (AFP) — Qatar will leave OPEC next month in order to focus on gas production, the Gulf state’s new Energy Minister Saad al-Kaabi announced Monday, denying the surprise move was a result of Doha’s bitter feud with oil-rich Saudi Arabia. Qatar has been a member of OPEC since 1961 and the decision to pull out after more than five decades comes at a turbulent time in Gulf […]
