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TOKYO, Japan (AFP) — Tokyo’s benchmark stock index rose to an eight-month high on Tuesday thanks to a weaker yen, while investors focused on Japan’s upcoming trade talks with the United States. The Nikkei 225 index gained 0.29 percent or 70.33 points to close at 23,940.26, rising for the seventh straight session. The broader Topix index was up 1.02 percent or 18.42 points at 1,822.44. “The market has maintained positive momentum partially due to a […]
SAN FRANCISCO, United States (AFP) — Instagram co-founders Kevin Systrom and Mike Krieger are leaving the smartphone photo-sharing service bought by Facebook six years ago for a billion dollars, the New York Times reported late Monday citing unnamed sources. Systrom and Krieger have resigned from their posts as chief executive and chief technology officer respectively, not giving reasons and saying they planned to take time off, according to the Times. Facebook did not respond to […]
HONG KONG, China (AFP) — Asian markets were mixed Tuesday following the latest tit-for-tat tariffs in the China-US trade row, while investors are now looking ahead to the Federal Reserve’s next policy meeting. While the levees had been widely expected, there are concerns about how long the spat will go on for after China canceled planned talks between the two sides and said negotiations “cannot be carried out under the threat of tariffs”. Fresh political […]
TOKYO, Japan (AFP) — Tokyo’s benchmark stock index opened lower on Tuesday as investors turned cautious after six days of gains and waited for the outcome of Japan’s trade talks with the United States. The key Nikkei 225 index, which ended last week at its best level since January, slipped 0.19 percent or 44.56 points to 23,825.37 in early trade while the broader Topix index was up 0.07 percent or 1.33 points at 1,805.35. “Selling […]
Caesar Vallejos, Eagle News Service Ten new social enterprises with innovative ideas that help uplift Filipino communities have been awarded by the Bank of the Philippine Islands through the BPI Foundation’s Sinag Accelerate platform with P100K to P500K grants at the Sinag Awards 2018 held at the Ayala Banquet Hall of the Makati Sports Club last September 21, 2018. Maricris L. San Diego, executive director of BPI Foundation said that the program, now on its […]
HONG KONG, China (AFP) — Hong Kong led a sell-off in Asian markets during holiday-thinned business Monday as trade tensions burst back on the scene with China and the US swapping fresh tariffs and reports saying Beijing pulled out of planned talks. The recent optimism in the US economy that saw equities rack up healthy gains over the past two weeks was replaced by fresh concerns about the impact of a standoff between the world’s […]
by Andrew BEATTY Agence France-Presse SYDNEY, Australia (AFP) — Australia’s pins-in-punnets strawberry crisis prompted a spate of social-media driven hoaxes, but sites like Facebook and Twitter are also helping stir a revival in sales that has left some farmers struggling to meet resurgent demand. For almost two weeks, reports of pins and needles being found in fruit across Australia have delivered a gut punch to industry, set grocery-shoppers on edge and left police struggling to […]
by Heather Scott with Ryan McMorrow in Beijing Agence France Presse WASHINGTON, United States (AFP) — Donald Trump’s threatened tariffs on another $200 billion of Chinese imports took effect on Monday, escalating a trade war between the world’s top two economies that is clouding the global outlookM The latest volley against Beijing brings the amount of goods hit by duties to more than $250 billion, covering roughly half of Chinese exports to the United States, […]
SINGAPORE, Singapore (AFP) — Singapore on Monday fined ride-hailing firms Grab and Uber $9.5 million for breaking competition rules when they merged, saying the deal had increased fares and thrown up roadblocks for competitors. Singapore-headquartered Grab agreed to buy US firm Uber’s ride-hailing and food business in Southeast Asia in March, ending a bruising battle between the companies. In return, Uber received a 27.5 percent stake in Grab. However the deal came under scrutiny […]
WASHINGTON, United States (AFP) — President Donald Trump’s latest round of punitive tariffs on China took effect on Monday, adding $200 billion in Chinese imports to the escalating trade war that is clouding the global economic horizon. The new attack on Beijing brings the amount of goods hit by duties to more than $250 billion, roughly half of Chinese exports to the United States. Beijing said it would strike back with duties on $60 billion […]
HONG KONG, China (AFP) — Hong Kong stocks fell in the first few minutes of trade Monday after China called off planned trade talks with the United States, fuelling fears of an escalation of their long-running tariff standoff. The Hang Seng Index slipped 0.72 percent, or 200.87 points, to 27,752.71 in early trade. Mainland Chinese markets are closed for a public holiday. © Agence France-Presse
HONG KONG, China (AFP) — Asian markets enjoyed more gains on Friday, putting them on course to end the week with a flourish as investors looked past the China-US trade row to focus on the booming American economy. The upbeat mood on trading floors was being felt across the board, with embattled emerging market currencies seeing a recovery, while some observers suggested a fear of missing out was also providing some lift. Regional dealers were […]
