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TOKYO, Japan (AFP) — Nintendo said Tuesday its net profit jumped by more than a quarter for the six months to September as blockbuster game titles from the “Donkey Kong” and “Mario” series helped boost demand for its popular Switch console. But growth slowed in the July-September period, missing market expectations, with no major software releases during the quarter to drive sales. The Kyoto-based game giant reported net profit for the six months to September […]
HONG KONG, China (AFP) — Asian markets mostly fell Tuesday with Hong Kong and Shanghai stocks sinking following a report that the White House is preparing to impose tariffs on all its Chinese imports, throwing the trade war back into the spotlight. The story added to skittishness across trading floors, where investors are already fretting over a number of issues including geopolitical tensions, rising US interest rates, slowing growth, Brexit and Italy’s budget standoff with […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday, shrugging off falls in US shares last week, but investors appeared cautious with corporate earnings season under way in Japan and the US. The benchmark Nikkei 225 index advanced 0.68 percent or 144.34 points to 21,328.94 in early trade, while the broader Topix index was up 0.63 percent or 10.01 points to 1,606.02. The rebound in Tokyo came after Wall Street stocks finished a volatile […]
by Christophe VOGT Agence France-Presse WASHINGTON, United States (AFP) — IBM said Sunday it has reached a deal to buy open source software company Red Hat for $34 billion, among the biggest tech mergers in history which the computing giant said would enhance its cloud offerings. If approved it will be the third biggest tech merger in history, according to business news site CNBC. Red Hat said it was the biggest involving a software company. […]
HONG KONG, China (AFP) — Banking giant HSBC said on Monday that pre-tax profit rose 28 percent to $5.92 billion in the third quarter, boosted by “strong revenue growth” in its main global businesses. Adjusted pre-tax profit rose 16 percent year-on-year to $6.2 billion, reflecting revenue growth that was partly offset by a rise in operating expenses, the bank said. That beat analysts’ estimate of $5.73 billion, according to Bloomberg News. “The strong revenue environment […]
HONG KONG, China (AFP) — Asian stocks mostly fell Monday, extending last week’s rout as investors remain on edge following another hammering for Wall Street. Even a forecast-busting jump in US economic growth in the third quarter was not enough to prevent all three main indexes in New York from tanking, with the Dow and S&P 500 falling into negative territory for the year. The US losses came after disappointing earnings reports from titans Alphabet […]
by Glenn CHAPMAN Agence France-Presse SAN FRANCISCO, United States (AFP) — Amazon reported Thursday that its profit in the recently-ended quarter rocketed to $2.9 billion in a ten-fold increase from the same period last year. Net sales at the e-commerce colossus climbed to $56.6 billion in the third quarter, a 29 percent increase from the $43.7 in sales reported in the third quarter in 2017. However, analysts had expected an even stronger performance by Amazon, […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Friday, a day after plunging 3.7 percent, with sentiment buoyed by a rally on Wall Street. The benchmark Nikkei 225 index turned up 0.60 percent or 126.75 points, to 21,395.48 in early trade while the broader Topix index was up 0.59 percent or 9.37 points at 1,610.29. Wall Street rebounded strongly on Thursday from the prior session’s rout on fears over slowing corporate earnings growth. Tech shares […]
by Michel Comte Agence France Presse OTTAWA, Canada (AFP) — An overhaul of global trade is urgently needed, 13 trade ministers representing all regions of the world said Thursday, following two days of talks in Ottawa aimed at setting objectives to reform the troubled system. The group made a veiled appeal to the United States to stop blocking appointments to WTO dispute resolution panels, warning the system will otherwise collapse soon. Leaders also said […]
TOKYO, Japan (AFP) — Tokyo’s Nikkei plunged more than 3.7 percent on Thursday, after a punishing session on Wall Street that saw major US indices wipe out all their 2018 gains. The benchmark Nikkei 225 index gave up 3.72 percent, or 822.45 points to 21,268.73, while the broader Topix index lost 3.10 percent, or 51.15 points, to 1,600.92. It was the worst close for the Nikkei in nearly seven months. The index began the day […]
FRANKFURT AM MAIN, Germany (AFP) — German sportswear group Puma raised its 2018 outlook Thursday after a stronger-than-expected third quarter, boosted by a new basketball shoe and some celebrity sparkle from model Adriana Lima and Barcelona striker Luis Suarez. The company’s net profit rose 25 percent year-on-year between July and September, to 77.5 million euros ($88 million). Operating, or underlying, profits soared 28 percent to 130 million euros, the leaping-cat brand said. Sales increased 11 […]
SAN FRANCISCO, United States (AFP) — Microsoft on Wednesday said its profit in the recently ended quarter soared on the back of revenue from services hosted in the internet cloud and its career-focused social network LinkedIn. Microsoft reported net income of $8.8 billion on revenue of $29.1 billion in the quarter that ended on September 30, up 34 percent and 19 percent respectively from the same period a year earlier. Shares in the Redmond, Washington-based […]
