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HONG KONG (AFP) – Tokyo led most Asian markets lower on Wednesday, extending the previous day’s losses while nervous investors await the release of key US inflation data later in the day fearing a renewal of recent volatility. While Hong Kong and Seoul clocked up healthy gains following a positive lead from Wall Street, uncertainty continues across trading floors after the pain of last week. Tokyo, which ended Tuesday at a four-month low, fell again with […]
HONG KONG, China (AFP) — Equity markets rallied on Tuesday as a semblance of stability returned after last week’s turmoil, with traders taking their lead from strong gains in New York and Europe. However, while Tokyo, Hong Kong and Shanghai led a strong advance across the region, investors remain nervous ahead of the release of key US inflation data on Wednesday, which many fear could spark another round of blood-letting. Global markets have been sent […]
WASHINGTON, United States (AFP) — US cable company Comcast, which in December dropped an attempt to acquire 21st Century Fox, is considering relaunching that bid even though Walt Disney Co. has reached a deal, the Wall Street Journal reported. The report, based on sources close to the matter, comes as Disney works to complete a $66.1 billion acquisition of part of Rupert Murdoch’s empire. If approved by antitrust authorities, Fox would add the 20th Century […]
HONG KONG, China (AFP) — Asian markets mostly rose on Monday as investors cautiously edged back into buying after last week’s global rout, with confidence lifted by a rally on Wall Street but analysts warned of further volatility. After a stellar 2017 and a January that saw record and multi-year highs around the world, traders are scurrying to the hills this month as a strong economic outlook — particularly in the US — healthy corporate […]
by Julie CHARPENTRAT / with Rob Lever in Washington Agence France-Presse SAN FRANCISCO, United States (AFP) — Waymo and Uber announced an agreement Friday in the blockbuster federal lawsuit over allegedly stolen trade secrets from the former Google self-driving car project. The surprise agreement ends a trial between the two Silicon Valley rivals competing in a race to develop autonomous cars, after four days of testimony before a federal judge in San Francisco. A source […]
by Abhaya Srivastava Agence France-Presse NEW DELHI, India (AFP) — Electric cars bask in the limelight at India’s flagship auto show, where an ambitious plan to phase out polluting clunkers has manufacturers racing to lure millions of new drivers to their green vehicles. Prime Minister Narendra Modi’s government wants all new cars on India’s roads to be electric by 2030 to combat smog that routinely eclipses dangerous levels in the nation of 1.25 billion. Some […]
TOKYO, Japan (AFP) — Tokyo stocks dropped more than three percent on Friday after European and US stocks suffered big drops as volatility continued to dog equity markets. The benchmark Nikkei index fell 3.19 percent, or 698.26 points, to 21,192.60 in early trade, while the broader Topix index was down 3.05 percent, or 53.88 points, at 1,711.81. “Investors are discouraged by a higher yen and plunges in European and US stocks,” Yoshihiro Ito, chief strategist […]
NEW YORK, United States (AFP) — Wall Street tumbled back into sell-off mode Thursday, with the Dow plunging more than 1,000 points as worries over interest rate hikes continued to drag the market down. The Dow Jones Industrial Average plummeted 4.2 percent to 23,860.46. The broad-based S&P 500 sank 3.8 percent to 2,581.00, while the tech-rich Nasdaq Composite Index plunged 3.9 percent to 6,777.16. With Thursday’s losses, the Dow and S&P 500 have now fallen […]
(Eagle News) — The Philippine government should put in place “mitigation measures to cushion the transitory inflationary impact of the Tax Reform for Acceleration and Inclusion (TRAIN) law,” according to the National Economic and Development Authority (NEDA). This was following “recorded increases in the country’s inflation rate” this January 2018 when inflation rose to an “annualized 4 percent” — the highest since the 4.3 percent inflation posted in October 2014. NEDA, on Tuesday, February […]
(Eagle News) — The Rizal Commercial Banking Corp. is considering filing a lawsuit against the Bangladesh Central Bank (BB). In a statement, RCBC said this was following claims made by BB that the Philippine bank had a hand in the $81-million cyberheist two years ago. BB also recently said it would file a lawsuit against RCBC over the incident. “RCBC has had it..,We will not allow them to continue to malign RCBC,” RCBC said. According to […]
NEW YORK, United States (AFP) — Media-entertainment giant 21st Century Fox said Wednesday that profits had doubled in the past quarter, boosted by a one-time tax benefit from recently enacted US legislation. The group led by mogul Rupert Murdoch and his family reported a net profit for shareholders of $1.83 billion in the final three months of 2017, up from $856 million a year earlier. Revenues rose nearly five percent in the period to $8.04 billion for […]
NEW YORK, United States (AFP) — Facing lower ad revenue and lagging membership, ESPN will launch in the coming months a paying streaming service, Disney CEO Bob Iger said Tuesday. ESPN Plus will be available as part of a revamped ESPN mobile app, Iger said, without providing a precise launch date. With a single app, users will be able to bypass their television provider to view some 10,000 sport events a year whose rights were […]
