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TOKYO, Japan (AFP) — Tokyo stocks opened flat on Thursday on investor jitters a day before a US deadline to impose tariffs on Chinese imports. The benchmark Nikkei 225 index edged up 0.01 percent or 1.77 points to 21,718.81 in early trade while the broader Topix was down 0.16 percent or 2.71 points at 1,690.54. “A wait-and-see mood is likely to spread as it is yet to be seen what will happen” with Washington and […]
PARIS, France (AFP) — Chinese tycoon Wang Jian, whose sprawling conglomerate HNA Group owns a host of foreign assets, has died after a falling off a wall while on holiday in southern France, police and his company said Wednesday. Wang suffered the fatal accident on Tuesday in the picturesque hillside village of Bonnieux after climbing onto a parapet, either to see the view of the valley below or to have his photograph taken, local security […]
SHANGHAI, China (AFP)–A Chinese technology firm embroiled in a patent dispute with US chip giant Micron said Wednesday that a court had ruled in its favour and ordered an immediate halt of several Micron products in China. According to the state-owned Fujian Jinhua Integrated Circuit Co, a court in the southeastern city of Fuzhou has ruled that Micron must stop sales of more than a dozen solid-state drives, memory sticks and chips. The court ruling […]
TOKYO, Japan (AFP)–Tokyo’s benchmark Nikkei 225 index closed lower on Wednesday as high tech shares dropped sharply tracking falls on Wall Street. The Nikkei ended down 0.31 percent or 68.50 points at 21,717.04 yen while the broader Topix index edged up 0.03 percent or 0.45 points to close at 1,693.25. Analysts said tech shares suffered partly due to news that a Chinese court temporarily banned US firm Micron Technology from selling its products. Investors were […]
by John Biers Agence France-Presse NEW YORK, United States (AFP)–Leading automakers reported mostly higher US sales for the first half of 2018 on Tuesday, bolstered by a strengthening economy and continued robust demand for larger vehicles despite rising gasoline prices. General Motors, Fiat Chrysler, Toyota and Volkswagen all reported higher sales through the end of June, while Ford and Honda reported a modest decline even as they described overall market conditions as robust. Total […]
WASHINGTON, United States (AFP) – The United States has temporarily allowed Chinese telecoms company ZTE to resume some activities while it works to meet conditions set by Washington in a politically charged settlement reached last month. In a Federal Register notice released Tuesday, the Commerce Department gave ZTE until August 1 to continue supporting its existing US equipment and networks, lifting some restrictions put in place in April that had brought the company to the […]
TOKYO, Japan (AFP)–Tokyo stocks opened lower on Wednesday tracking falls on Wall Street that were led by weakness in tech shares as trade war worries linger. The benchmark Nikkei 225 index fell 0.39 percent or 85.21 points to 21,770.33 in early trade, while the broader Topix index was down 0.24 percent or 4.07 points at 1,688.73. Analysts said tech shares suffered partly due to news that a Chinese court temporarily banned US Micron Technologies […]
TAIPEI, Taiwan (AFP)–Taiwan’s struggling smartphone maker HTC announced Tuesday it would slash 1,500 jobs, around a fifth of its total workforce, in the biggest staff cull for three years following heavy losses. The announcement of the cuts to its manufacturing workforce comes despite a new deal with Google, completed in January, which boosted HTC’s first quarter performance after a dismal 2017. Once a star of the intensely competitive smartphone sector, HTC has been struggling in […]
SAN FRANCISCO, United States (AFP)–Tesla on Monday confirmed that the head of Model 3 production, who went on leave after chief executive Elon Musk took over his duties, will not be returning. The departure of engineering senior vice president Doug Field came as California-based Tesla appeared to have finally hit a self-imposed goal of cranking out 5,000 Model 3 electric cars in a week. Tesla co-founder Musk fired off a Twitter post over the weekend […]
SHANGAI, China (AFP)–Chinese stocks opened slightly lower on Monday following data showing a drop in Chinese factory activity and ahead of the expected imposition of US tariffs later in the week. The benchmark Shanghai Composite Index slipped 0.21 percent, or 5.84 points, to 2,841.58, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, edged down 0.09 percent, or 1.40 points, to 1,606.22. Hong Kong markets are closed for a public holiday. © […]
TOKYO, Japan (AFP)–Confidence among Japan’s biggest manufacturers has slipped for the second straight quarter, a key central bank survey showed on Monday. The Bank of Japan’s Tankan report — a quarterly survey of about 10,000 companies — showed a reading of 21 among major manufacturers in its June survey against 24 in the March report. The latest Tankan, however, hardly made economists pessimistic about the world’s third largest economy, with the headline index still close […]
TEHRAN, July 1, 2018 (AFP) – Iran vowed Sunday to defeat US efforts to block its oil exports and warned rival producer Saudi Arabia it would never take Tehran’s “place” on the international oil market. “We will surely do something to thwart the US rallying cry that Iranian oil (exports) must be stemmed,” First Vice President Eshagh Jahangiri said in statements broadcast on state television. “The (Iranian) government has a plan… and God willing we are certain […]
