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HONG KONG, China (AFP) — Asian markets enjoyed broad gains for a third day on Wednesday but investors moved more cautiously as they took stock of the latest trade developments and looked to possible headwinds. New York provided another record lead on lingering optimism after the United States and Mexico agreed on a revised free-trade deal and Canada began talks that could see them join. However, while the news was seen as a much-needed boost […]
HONG KONG, China (AFP) — Asian markets enjoyed broad gains for a third day on Wednesday but investors moved more cautiously as they took stock of the latest trade developments and looked to possible headwinds. New York provided another record lead on lingering optimism after the United States and Mexico agreed on a revised free-trade deal and Canada began talks that could see them join. However, while the news was seen as a much-needed boost […]
ZURICH, Switzerland (AFP) — Nespresso maker Nestle on Tuesday said it has sealed a deal to market the products of US coffee giant Starbucks around the world, outside of its cafes. Swiss food giant Nestle, which also produces Nescafe instant coffee, had announced in May it would pay $7.15 billion (6.13 billion euros) for the rights to market Starbucks coffee globally. Under the deal, some 500 Starbucks employees in the United States and Europe will […]
HONG KONG, China (AFP) — Asian investors extended a rally on Tuesday, tracking another Wall Street record as investors cheered a fresh trade deal between the United States and Mexico that brings an end to one row picked by Donald Trump that had rattled global markets. The agreement raises hopes the two-decade-old North American Free Trade Agreement, torn up by the White House soon after Trump’s election, can be salvaged after Canada rejoins talks on […]
SAN FRANCISCO, United States (AFP) — Toyota will pump about $500 million into Uber as part of a deal to work together on mass-producing self-driving vehicles, the Japanese car giant said on Tuesday. The deal, which reportedly values Uber at about $72 billion, aims at “advancing and bringing to market autonomous ride-sharing as a mobility service at scale,” Toyota said in a statement. Technology from both companies will be integrated into purpose-built Toyota vehicles […]
Asian markets rallied on Monday following a record lead from Wall Street, while the dollar remained under pressure after the head of the Federal Reserve suggested it would not speed up its pace of lifting interest rates. Jerome Powell said the US economy was healthy and prices showed no sign of rising more than the bank’s two percent target, adding that there appeared to be no risk of overheating. The remarks at the annual Jackson […]
HONGKONG, China (AFP) — Asian markets rallied on Monday following a record lead from Wall Street, while the dollar remained under pressure after the head of the Federal Reserve suggested it would not speed up its pace of lifting interest rates. Jerome Powell said the US economy was healthy and prices showed no sign of rising more than the bank’s two percent target, adding that there appeared to be no risk of overheating. The remarks […]
HONG KONG, China (AFP) — Asian markets mostly fell on Friday as China-US trade talks wrapped up with little progress being made, while the dollar held gains ahead of a key speech by the head of the Federal Reserve. The Australian dollar was among the worst performers as the country is gripped by political uncertainty with Prime Minister Malcolm Turnbull ousted and the governing Liberal Party set to choose a new leader. Officials from Beijing […]
Architect and Urban Planner Felino “Jun” Palafox, Jr. will be sharing his insights on how the Filipino workforce is affected by urban planning, or the lack of it, in the August 25 webisode of Open for Business. Open for Business is the online business show of Eagle Brodcasting Corporation (EBC) that focuses on business, financial and economic news and headlines in the Philippines and in key markets around the world. It also highlights the insights of […]
by Heather Scott Agence France Presse WASHINGTON, United States (AFP) — US and Chinese trade negotiators on Wednesday opened talks aimed at averting further confrontations, with a new round of tariffs about to hit, and the Federal Reserve warning that escalation poses a serious economic risk. These are the first formal discussions with China since June on the spiraling and multifaceted trade war between the world’s two largest economies. Meanwhile, US and Mexican officials […]
Asian markets mostly rose Wednesday before keenly awaited trade talks between China and the United States, while early worries over a double whammy for Donald Trump also eased. While not expecting a major deal when officials from Beijing and Washington meet, investors are hopeful they can find a way out of the months-long row that has seen tariffs imposed on billions of dollars of goods and stock markets tumble. Recent comments from US Commerce Secretary […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Wednesday, helped by a halt in the dollar’s weakness and rallies on Wall Street on hopes the US is working towards defusing trade conflicts with China. The benchmark Nikkei 225 index rose 0.20 percent, or 43.53 points, to 22,263.26 in early trade while the broader Topix index was up 0.04 percent, or 0.66 points, at 1,686.08. “With four consecutive days of rallies in the US market and […]
