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TOKYO, Japan (AFP) — Tokyo stocks opened flat on Monday with worries over a US-China trade war partly offset by optimism about the US economy. The benchmark Nikkei 225 index edged up just 0.20 points to 22,517.03 in early trade, while the broader Topix index was down 0.11 percent or 1.95 points at 1,742.88. Falls in Japanese shares come after world stock markets mostly climbed Friday despite rising trade tensions, with the Dow snapping an […]
by Michelle Fitzpatrick/ Joseph Sotinel Agence France Presse VIENNA, Austria (AFP) — OPEC energy ministers said they would be putting more oil onto the market to meet “extra demand”, reaching a last-ditch compromise in a spat that pitted Saudi Arabia against archfoe Iran. The ministers announced on Friday they had agreed to ramp up oil production by around a million barrels a day from July. “I think it will contribute significantly to meet the […]
WASHINGTON, United States (AFP) — US President Donald Trump threatened Friday to impose a 20 percent tariff on cars imported from the European Union, after the bloc’s additional tariffs on dozens of American products took effect. “Based on the Tariffs and Trade Barriers long placed on the U.S. by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their […]
HONG KONG, China (AFP) — Hong Kong stocks finished a painful week on a positive note Friday but investors remain on edge about a possible trade war between China and the United States. The Hang Seng Index rose 0.15 percent, or 42.65 points, to close at 29,338.70, sinking 3.18 percent over the week. The benchmark Shanghai Composite Index gained 0.49 percent, or 13.95 points, to 2,889.76 but it lost 4.37 percent over the week. The […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Friday, extending losses in global markets amid escalating trade tensions and a stronger yen against the dollar. The benchmark Nikkei 225 index lost 1.02 percent or 231.15 points to 22,461.89 in early trade, while the broader Topix index was down 0.94 percent or 16.44 points at 1,734.19. The European Union slapped revenge tariffs on iconic US products including bourbon, jeans and motorcycles on Friday in its […]
by Julie Charpentrat Agence France-Presse SAN FRANCISCO, United States (AFP) — Instagram said Wednesday it now has more than one billion active users, as it unveiled a new long-form video feature in a bid to attract “creators” like those on YouTube. It becomes the fourth Facebook platform to hit the billion-user mark, including the namesake social network with more than two billion users, and the messaging applications WhatsApp and Messenger. Instagram, which had some […]
by Rob Lever with John Biers Agence France-Presse NEW YORK, United States (AFP) — Disney raised its offer for key assets of 21st Century Fox on Wednesday to $71.3 billion to counter a rival bid from Comcast in the latest move in a bidding war that could create a dominant player in the media-entertainment world. The move by Walt Disney Co. comes a week after Comcast, the largest US cable provider and owner of the […]
by Nova SAFO Agence France-Presse CHICAGO, United States (AFP) — Bill Ford Jr., the great-grandson of the American car-maker’s founder, stood in front of thousands Tuesday in Detroit, with an abandoned train station in the background, and entwined the company’s future with that of the dilapidated building behind him. “This station is a symbol,” Ford declared. “We’re making a big bet on our future.” The company — one of America’s “Big Three” automakers — bought […]
SEOUL, South Korea (AFP) — Hackers stole more than $30 million worth of cryptocurrencies from South Korea’s top bitcoin exchange, sending the unit’s price falling around the world on Wednesday. The virtual currency was priced at $6,442 dollars late afternoon in Seoul, down about 4.4 percent from 24 hours earlier, after the latest attack on Bithumb raised concerns over cryptocurrency security. Hyper-wired South Korea has emerged as a hotbed of trading in virtual units, at […]
HONG KONG, China (AFP) — Asian equities mostly rose Wednesday but investors struggled to sustain any meaningful recovery after the previous day’s battering, with the shadow of a potentially damaging China-US trade war hanging over markets. Shanghai and Hong Kong took the brunt of the sell-off Tuesday after Beijing warned it would retaliate in kind to Donald Trump’s threat of tariffs on hundreds of billions of dollars worth of Chinese goods amounting to a large […]
SYDNEY, Australia (AFP) — Australia’s dominant telecommunications company Telstra Wednesday announced plans to axe 8,000 jobs as part of a drastic new strategy to simplify the business and stay competitive in a rapidly changing industry. The decision by Telstra, one of Australia’s largest employers, is part of a shake-up targeting an extra Aus$1 billion (US$750 million) in cost-cutting by 2022, on top of Aus$1.5 billion previously announced. “We are creating a new Telstra that is […]
HONG KONG, China (AFP) — Hong Kong and Shanghai stocks led a sell-off across Asian and European markets Tuesday on rising trade war fears after Donald Trump threatened fresh tariffs on Chinese imports and Beijing warned of countermeasures. Trump said he had asked the US Trade Representative to identify $200 billion worth of imports to be targeted, adding he would hit a further $200 billion if Beijing retaliates. Investors were already on edge after the world’s […]
