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TOKYO, Japan (AFP) — Tokyo’s benchmark Nikkei index rose to a 27-year high on Monday, boosted by a weak yen and a breakthrough in trade talks between the United States and Canada. The Nikkei 225 index gained 0.52 percent or 125.72 points to close at 24,245.76 — the highest since November 1991 when Japan Inc was closing the final chapter of the nation’s speculative “bubble” economy. “Reaching a 27-year high is symbolic but still a […]
TOKYO, Japan (AFP) — Tokyo stocks opened sharply higher on Friday with sentiment boosted by gains on Wall Street and a weak yen. The benchmark Nikkei 225 index climbed 1.15 percent or 274.77 points to 24,071.51 in early trade while the Topix index was up 1.02 percent or 18.41 points at 1,818.52. The bullish opening came after Wall Street stocks advanced and the dollar rose on confidence in the US economy. “Buying will likely beat […]
HONG KONG, China (AFP) — Asian markets rose Friday, tracking a rally on Wall Street where investors were buoyed by the Federal Reserve’s positive outlook for the US economy, and oil added to gains with predictions it could be headed back to $100. While concerns over the China-US trade row hang in the air, equities continue to be supported by optimism that the global economy and companies are in rude health. That was reinforced by […]
HONG KONG, China (AFP) — Asian markets rose Friday, tracking a rally on Wall Street where investors were buoyed by the Federal Reserve’s positive outlook for the US economy, and oil added to gains with predictions it could be headed back to $100. While concerns over the China-US trade row hang in the air, equities continue to be supported by optimism that the global economy and companies are in rude health. That was reinforced by […]
TOKYO, Japan (AFP) — Japan’s unemployment rate fell while factory output rose for the first time in four months in August — a sign the world’s third-largest economy is on a path of gradual recovery. The jobless rate stood at 2.4 percent in August, down slightly from 2.5 percent the previous month, the internal affairs ministry said. The figure — slightly lower than market expectations of 2.5 percent — is the first improvement in two […]
NEW YORK, United States (AFP) — Most of the world’s stock markets pushed higher and the dollar rose Thursday as investors embraced the Fed’s view that the US economy is growing solidly but not at imminent risk of overheating. An exception was Milan, which faltered on worries about its fiscal profile, and Tesla Motors, which dived in after-hours trading on news US securities regulators have charged chief executive Elon Musk for fraud connected to an […]
HONG KONG, China (AFP) — Asian markets swung on Thursday as investors considered the prospect of more US interest rate hikes and Donald Trump’s latest broadside in his trade war with China. The US central bank lifted borrowing costs for the third time this year, as expected, citing an increasingly strong economy and jobs market, with governor Jerome Powell saying he saw no vulnerabilities in the financial system. The post-meeting statement removed mention of being […]
by Damon Wake Agence France Presse BRUSSELS, Belgium (AFP) — As doubts grow over China’s vast “Belt and Road” trade infrastructure project, the EU is launching an alternative plan for Asia that it says will not saddle countries with debt they cannot repay. EU member countries are expected to sign off on the new “Asia connectivity strategy” — which aims to improve transport, digital and energy links while promoting environmental and labor standards — […]
HONG KONG, China (AFP) — Most Asian markets rose on Wednesday, with energy firms surging along with oil prices, as traders await the conclusion of a key Federal Reserve policy meeting. While worries about the China-US trade row continue to erode confidence, the strong US economy and healthy corporate outlook are providing some buoyancy for now. The weekend decision by major producers from inside and outside OPEC to maintain output — despite Donald Trump’s call […]
HONG KONG, China (AFP) — Most Asian markets rose on Wednesday with energy firms surging with oil prices, while traders await the conclusion of a key Federal Reserve policy meeting. While worries about the China-US trade row continue to claw at confidence, the strong US economy and healthy corporate outlook are providing some buoyancy for now. The weekend decision by major producers from inside and outside OPEC to maintain output — despite Donald Trump’s call […]
SAN FRANCISCO, United States (AFP) — Qualcomm escalated a legal war with Apple, accusing the iPhone maker of stealing secrets and sharing them with mobile chip rival Intel, according to court documents. The California mobile chipmaker on Monday added the sizzling accusation in an amendment to a lawsuit filed against Apple last year in California state court in Qualcomm’s home city of San Diego. The modified filing contends that Apple “engaged in a years-long campaign […]
NEW YORK, United States (AFP) — Nike reported solid gains in both quarterly profit and revenues Tuesday but shares fell in after-hours trading on slowing growth in China. The sports apparel and sneaker giant, which has made headlines in recent weeks over an edgy ad campaign featuring Colin Kaepernick, reported a 15 percent jump in earnings for fiscal first quarter 2019 to $1.1 billion. Revenues climbed 10 percent to $9.9 billion. Nike scored revenue gains […]
