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SAN FRANCISCO, United States (AFP) — Netflix reported Tuesday a strong jump in profits and better-than-expected growth in users in the past quarter, sparking a rally in shares of the streaming television market leader. Netflix said it gained almost seven million new users worldwide, to bring its total membership to more than 137 million. Profit in the quarter more than tripled from a year ago to $403 million while revenues grew 34 percent to $4 […]
NEW YORK, United States (AFP) — Global stocks were mixed Monday as markets sought to pivot from last week’s volatility and oil prices rose amid questions over Saudi Arabia’s role in the disappearance of journalist Jamal Khashoggi. US equities had a choppy session as analysts debated whether the market was ready to turn the page after leading indices dropped the most since March. The S&P 500 ended down 0.6 percent. “US stocks oscillated around the […]
TOKYO, Japan (AFP) — Tokyo’s benchmark Nikkei index dropped more than 1.8 percent on Monday, with pessimism over Japan-US trade negotiations and an expected tax hike weighing on the Japanese market. The Nikkei 225 index fell 1.87 percent or 423.36 points to close at 22,271.30, while the broader Topix index was down 1.59 percent or 27.01 points at 1,675.44. The declines came after US Treasury Secretary Steven Mnuchin said during the weekend the US wants […]
by Richard CARTER Agence France Presse TOKYO, Japan (AFP) — Asian stocks opened the week on the back foot Monday, with investors still in gloomy mood after several days of market turbulence sparked by trade rows and a spat over the US central bank. Japanese equities led the way lower, with the benchmark Nikkei 225 shedding almost two percent, not helped by reports that Prime Minister Shinzo Abe would later Monday announce a hike in […]
By Sara HUSSEIN / Dan Martin Agence France Presse NUSA DUA, Indonesia (AFP) — The window of opportunity for safeguarding global growth is “narrowing” as trade disputes deepen and emerging markets face fiscal crisis, the IMF said Saturday, warning countries against worsening things by weaponising currency and interest-rate policies. US Treasury Secretary Steven Mnuchin had downplayed the global concerns expressed at an International Monetary Fund meeting held this week in Bali under the shadow of […]
by Richard CARTER Agence France-Presse TOKYO, Japan (AFP) — Asian stock markets rallied Friday after two days of ferocious selling sparked by higher US interest rates, trade war fears and attacks by President Donald Trump on his “crazy” central bank. Tokyo closed near half a percentage point higher after a see-saw session that saw it open in the red but quickly pare losses. Elsewhere in Asia, China’s benchmark Shanghai Composite climbed by 0.5 percent after […]
TOKYO, Japan (AFP) — Tokyo’s key Nikkei index opened down one percent on Friday, extending losses on global bourses amid lingering worries about higher interest rates and trade wars. The benchmark Nikkei 225 index, which plunged 3.89 percent the previous day, was down 1.06 percent, or 239.23 points, at 22,351.63 at the open, while the broader Topix index was down 0.66 percent or 11.18 points at 1,690.68. “Markets are finding themselves in a total state […]
NUSA DUA, Indonesia (AFP) — Central bank rate hikes were a “necessary development”, International Monetary Fund chief Christine Lagarde said Thursday, a day after Donald Trump sent global markets tumbling by calling Fed increases “crazy”. “It is clearly a necessary development for those economies that are showing much improved growth, inflation that is picking up… unemployment that is extremely low,” Lagarde told a press briefing at the IMF’s annual meeting in Bali. “It’s inevitable that […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — Wall Street stocks plummeted Wednesday as worries about surging US interest rates and the impact of trade disputes prompted a broad-based selloff that slashed more than three percent from major indices. The rout in US shares came on the heels of substantial losses on European bourses, due in part to tensions between Brussels and Rome over Italian budget plans that have revived fears […]
WASHINGTON, United States (AFP) — US Treasury Secretary Steven Mnuchin warned China on Wednesday against engaging in competitive currency devaluations as the two countries wage a trade war, in comments published in the Financial Times. There are several factors behind the recent fall in the Chinese yuan, or renminbi (RMB), including economic issues in China, Mnuchin he told the newspaper ahead of meetings in Bali, Indonesia of the IMF, World Bank and G20. “As […]
HONG KONG, China (AFP) — Asian stocks began Wednesday mixed after a volatile session for US equities and as yields on Treasury bonds retreated from a seven-year peak. Japanese shares opened higher after four days of losses — with purchases making up for the higher yen’s dampening impact — before dropping back into negative territory in mid-morning trade. “After four days of falling… Japanese shares are in a good place for bargain-hunting buys, even though […]
by Douglas Gillison Agence France Presse WASHINGTON, United States (AFP) — A severe recession would slash US public wealth by about $5 trillion, causing vastly more damage to Washington’s finances than just an increase in debt and deficits, the IMF warned Tuesday. Yet governments around the world, many of which face similar dangers, do not clearly publicize their overall net worths, the International Monetary Fund said in a new report. This creates a potential blind […]
