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TOKYO, Japan (AFP) – Tokyo stocks opened higher on Thursday as exporters received a boost from a weaker yen against the dollar after the US Federal Reserve kept alive the chance of a December interest rate hike. The bellwether Nikkei 225 index rose 0.80 percent, or 162.10 points, to 20,472.56 in early trade while the broader Topix index was up 0.70 percent, or 11.62 points, at 1,679.54. The US central bank concluded a two-day meeting […]
BEIJING, China (CCTV) — The central parity rate of the Chinese yuan weakened by 140 basis points to 6.5670 against the U.S. dollar on Wednesday, the lowest since the start of this month, according to the China Foreign Exchange Trade System. The midpoint of the Chinese yuan against the greenback is slipping to a two-week low of 6.5530 on Tuesday. Analysts said the fast appreciation of the yuan since late June drew a lot of […]
LONDON, England (AFP) — Music piracy is on the increase worldwide, with 40 percent of users are accessing unlicensed music, up from 35 percent last year, the global recorded music industry group IFPI said. Internet search engines are making piracy easier, the International Federation of the Phonographic Industry (IFPI) said in a report on Tuesday, calling for government action. The increase in piracy follows a slump in recent years when policing of the digital music landscape […]
by Estelle Peard Agence France-Presse FRANKFURT am Main, Germany (AFP) — Traditional heavyweights Fiat, Peugeot and Volvo may have shunned this year’s Frankfurt auto show (IAA) or Internationale Automobil Ausstellung, but for Chinese and Taiwanese carmakers looking to make inroads in Europe the chance to step into the limelight was not to be missed. Two years after becoming a surprise hit at the last IAA with an electric sedan concept car to rival Tesla’s Model […]
NEW YORK, USA (Reuters) — Toys ‘R’ Us Inc, the largest United States toy store chain, filed for bankruptcy protection on Monday (September 19), the latest sign of turmoil in the retail industry caught in a viselike grip of online shopping and discount chains. Toys ‘R’ Us said it received a commitment for over $3 billion (2.22 billion pounds) in debtor-in-possession financing from lenders including a JPMorgan-led bank syndicate and certain of the company’s existing lenders. […]
TOKYO, Japan (AFP) — Tokyo’s benchmark Nikkei index rose past 20,000 for the first time in six weeks on Tuesday after Wall Street edged up to a new record close and a weak yen lifted exporters. The bellwether Nikkei 225 index climbed 1.12 percent, or 223.25 points, to 20,132.75 in early trade, breaching the barrier of 20,000 for the first time since early August. The broader Topix index was up 1.01 percent, or 16.58 points, […]
NEW YORK, United States (AFP) — Global stocks ran the table on Monday, rising in New York, Europe and Asia on a mix of optimism, resilient oil prices and renewed calm on the Korean peninsula. Wall Street eked out fresh record closes in advance of this week’s Federal Reserve meeting, which is expected to announce a drawdown of its massive bond holdings, sending bond yields higher. Despite Friday’s North Korea missile test, the second in […]
by Alex Pigman Agence France Presse TALLINN, Estonia (AFP) — Google and Facebook may face higher tax bills in Europe as the EU rushed Saturday to change rules so that more of Silicon Valley’s mega profits fall into public coffers. Public anger against the billions of euros earned by online behemoths is growing louder in Europe and EU finance ministers meeting in Estonia pledged to make sure the companies pay a fairer tax. But […]
TOKYO, Japan (Reuters) — The Tokyo stock exchange showed volatile movement at the opening just hours after North Korea fired a ballistic missile that flew over Northern Japan early Friday (September 15). Both the Nikkei 225 stock market and the wider Topix markets opened slightly lower than Thursday (September 14), but both markets regained traction quickly, going up by 43.15 points within thirty minutes after trading began. The missile fired by North Korea flew over […]
BEIJING, China (AFP) — One of the biggest bitcoin exchanges in China and the world announced Thursday that it would stop all trading following new Chinese government regulations clamping down on crypto-currencies. The international value of bitcoin has plunged in recent days amid speculation that the Chinese authorities will shut down the trading platforms following last week’s ban on initial coin offerings. BTCC — China’s second bitcoin platform in terms of volume and the world’s […]
BEIJING, China (CCTV) — China’s economic performance was stable in August, according to data released by the National Bureau of Statistics on Thursday. The industrial production was as a whole stable, and the added value of above-scale industrial (enterprises with an annual prime operating revenue of 20 million yuan or above) increased 6.0 percent year on year. This was despite the fact thay growth rate was 0.4 percentage points less than the rate in July. China’s […]
NEW YORK, United States (AFP) — World stock markets mostly rose Tuesday, with Wall Street scoring fresh records as concerns over North Korea and US hurricanes faded, but London dipped as strong inflation data sent the pound to a one-year dollar peak. All three major US indices pushed to fresh records, with the S&P 500 notching a second straight peak, propelled by financial shares after bond yields rallied. Frankfurt and Paris equities also gained as […]
