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HONG KONG, China (AFP) — Asian equities stabilized Thursday following a modest rebound in energy and tech stocks on Wall Street, with US markets closed for the Thanksgiving holiday. But analysts warned the tepid uplift in New York Wednesday should not be interpreted as a sign of the start of a recovery from the recent carnage on global stock markets. Investor sentiment remains fragile following the volatility that has swept markets since October, while the […]
by Richard CARTER / Anne BEADE Agence France Presse TOKYO, Japan (AFP) — Nissan board members looked set to oust disgraced tycoon Carlos Ghosn as chairman Thursday, after his spectacular arrest for financial misconduct sent shockwaves through the car industry and the business world. Ghosn stands accused of under-reporting his income by millions of dollars and a host of other financial irregularities, in a stunning fall from grace for the once-revered titan of the auto […]
STOCKHOLM, Sweden (AFP) — Swedish furniture giant Ikea said Wednesday it plans to cut 7,500 jobs worldwide by 2020, mainly office jobs, as it reorganizes to focus its business on e-commerce and smaller shops in city centers. The job cuts affect almost five percent of staff at Ingka Holding, Ikea’s parent group. Ikea is its biggest brand with 367 stores in 30 countries and 160,000 employees. The decision to cut jobs was “based on how […]
TOKYO, Japan (AFP) — Tokyo shares ended lower Wednesday following a sharp fall in US stocks as fears over weakness in the technology sector spread throughout the wider market. The benchmark Nikkei 225 index dropped 0.35 percent, or 75.58 points, to 21,507.54, while the broader Topix index fell 0.60 percent, or 9.78 points, to 1,615.89. “Global equity futures were flashing red on tech sector concerns,” Stephen Innes, head of trading for Asia Pacific at Oanda, […]
NEW YORK, United States (AFP) — Global stocks plunged Tuesday as a sharp downward trend in the technology sector hit valuations hard and the Dow gave up all its gains for the year. In Europe and Asia, there was much talk about the surprise arrest of Carlos Ghosn, boss of the Renault-Nissan-Mitsubishi alliance, and stocks in the three companies plunged, while Wall Street suffered a second big decline. Analysts at Capital Economics forecast the tech […]
PARIS, France (AFP) — French automaker Renault said Tuesday it had appointed its chief operating officer as deputy CEO to ensure day-to-day management after the arrest of chief Carlos Ghosn, who will remain chief executive. After an emergency board meeting, the company Thierry Bollore would become deputy CEO with Ghosn “temporarily incapacitated” following his arrest Monday in Japan on financial misconduct charges. © Agence France-Presse
TOKYO, Japan (AGP) — Tokyo stocks dropped on Tuesday with shares in Nissan diving more than five percent and Mitsubishi also plunging after chairman Carlos Ghosn was arrested over allegations of financial misconduct. The benchmark Nikkei 225 index fell 1.09 percent, or 238.04 points, to close at 21,583.12, while the broader Topix index was down 0.73 percent, or 11.94 points, at 1,625.67. Nissan shares lost 5.45 percent to 950.7 yen after dipping to a low […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Tuesday with shares in Nissan diving more than six percent and Mitsubishi also plunging after chairman Carlos Ghosn was arrested over allegations of financial misconduct. The benchmark Nikkei 225 index was down 1.08 percent or 235.19 points at 21,585.97 in early trade, while the broader Topix index was down 0.97 percent or 15.91 points at 1,621.70. Nissan shares traded 6.05 percent lower at 944.6 yen after dipping […]
by Dmitry ZAKS Agence France Presse LONDON, United Kingdom (AFP) — The value of bitcoin slipped Monday below $5,000 (4,366 euros) for the first time since October 2017 as a broad selloff gathered steam on the opaque cryptocurrency market. Data compiled by the Coinbase digital exchange showed the world’s most popular virtual currency losing 12.5 percent of its value from Friday evening to stand at $4,914.21 by 1930 GMT Monday. The rout began on Wednesday […]
HONG KONG, China (AFP) — Asian markets mostly rose Monday but investors were keeping a close eye on the China-US trade row after Donald Trump’s optimistic comments on a possible deal were offset by a war of words between his vice president and Xi Jinping. The mood across the region was a little calmer at the start of the week, providing some much-needed support after the volatility of seven days ago, with oil stabilizing and […]
WASHINGTON, United States (AFP) — Apple CEO Tim Cook predicts that new regulations of tech companies and social networks to protect personal data are “inevitable.” In an interview with news website Axios being broadcast Sunday on HBO television, Cook said he expected the US Congress would take up the matter. “Generally speaking, I am not a big fan of regulation,” Cook said in an excerpt released by Axios. “I’m a big believer in the free […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday as investors refocused on sound corporate earnings helped by optimism about trade, but there were still lingering concerns about issues including Italian politics. The benchmark Nikkei 225 index was up 0.17 percent, or 37.51 points, at 21,717.85 in early trade while the broader Topix index was up 0.11 percent, or 1.77 points, at 1,631.07. Investors in Tokyo appeared to take heart from hopeful comments on […]
