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TOSHIBA, Japan (AFP) — Toshiba shares jumped Wednesday on expectations it will meet a deadline to submit long-delayed earnings to financial regulators, easing fears the troubled conglomerate’s stock will be yanked from the Tokyo Stock Exchange. The stock soared more than nine percent in early trading, before settling back at 293 yen at the lunch break, up 4.27 percent. There were growing worries that Toshiba, one of Japan’s best-known firms, may not make Thursday’s deadline […]
BEIJING, China (AFP) — Fast food giant McDonald’s said Tuesday it would almost double the number of restaurants in China over the next five years as it refocuses on international markets amid slowing United States sales. The Illinois-based burger chain will add 2,000 stores to its current 2,500 in China and aim for double-digit sales growth in each of the next five years, McDonald’s said in a statement. In particular, it will launch a foray […]
NEW YORK, United States (AFP) — The Dow and S&P 500 ended at fresh records Monday as a strong second-quarter earnings season continued to attract more funds to the United States equity market. The Dow Jones Industrial Average posted its ninth straight record, finishing at 22,118.42, a 0.1 percent increase over Friday’s close. The broad-based S&P 500 rose 0.2 percent to end at 2,480.91 also a new all-time high, while the Nasdaq Composite Index gained […]
MADRID, Spain (AFP) — Spain will call for a eurozone budget and finance minister to oversee it at an August 28 summit with France, Germany and Italy, Prime Minister Mariano Rajoy said Monday. “We are going to continue to work to deepen economic and monetary union,” conservative Rajoy said after meeting King Felipe on Mallorca. “Spain is backing a European finance minister and a European budget which will progressively bring closer together living standards and […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday after rosy United States jobs numbers provided relief to investors on the prospects for the world’s biggest economy. The benchmark Nikkei 225 index rose 0.55 percent, or 108.84 points, to 20,061.17 in the first minute of trade while the Topix index of all first-section shares was up 0.55 percent, or 9.05 points, at 1,640.50. The US economy continued robust job creation in July, with the […]
NEW YORK, United States (AFP) 00 Wall Street ended the week on an emphatic high note, as the blue-chip Dow rose to its eighth consecutive record finish Friday. Investors were buoyed by rosy job creation numbers in July, as the economy added 209,000 net new positions, as well as a string of good earnings reports. The Dow Jones Industrial Average rose 0.3 percent to close at 22,092.81, and the broader S&P 500 and tech-heavy Nasdaq […]
TOKYO, Japan (AFP) — Toyota said Friday it would discuss strengthening its partnership with Mazda as reports said they were close to a deal on a capital tie-up and building a $1.6 billion factory in the United States. The move comes as the Japanese auto industry is facing uncertainty over President Donald Trump’s drive to support US firms over foreign imports. He had earlier strongly criticized Toyota over its ongoing project to build a new […]
by Isabel Malsang and Solange Uwimana Agence France-Presse PARIS, France (AFP) — To check the beehives he has set up on the roof of the sprawling Monnaie de Paris on the banks of the River Seine, Audric de Campeau slips on a harness over tan-colored trousers. The beekeeper then hooks his leg harness to a metal cable anchored to the roof’s edge, running the length of the entire structure. “It’s not dangerous, but my insurance […]
HONGKONG, China (AFP) — Asian markets paused for breath Thursday after Wall Street smashed through 22,000 for the first time, with regional traders focused on fresh clues on the health of the United States economy. Strong Apple earnings propelled the Dow above the barrier to mark its sixth straight record close — but the tech-heavy Nasdaq closed marginally lower. Tokyo ended a two-day rally to sit 0.4 percent lower by the break, with several tech […]
Philippine electronics manufacturer Cirtek Electronics Corp. said Tuesday it had bought United States technology firm Quintel for $77 million, the latest in a trend of local companies acquiring foreign businesses. The purchase–fuelled by one of Asia’s fastest-growing economies—reveals the latest trend of Filipino companies embarking in recent years on global expansion plans that analysts say are the biggest ever seen from the Philippines. Cirtek chief financial officer Tony Buyawe said the acquisition of the Silicon […]
TOKYO, Japan (AFP) — Japanese vehicle maker Honda on Tuesday said net profit for the second quarter rose by double digits boosted by strong motorcycle sales, revising up its full-year forecast. The Tokyo-based company said “solid sales of two-wheel vehicles in Asia and cost reduction efforts” contributed to increased profits. Motorcycle sales volume grew in India and Vietnam, Honda said, while four-wheel vehicle sales volume increased in Japan and China but declined in North America. […]
NEW YORK, United States (AFP) — Spotify said Monday that it had 60 million paying subscribers, expanding its lead in the fast-growing world of music streaming. The Swedish company has more than double the base of nearest competitor Apple Music, which in early June said it had 27 million subscribers. Apple Music, however, achieved its growth rapidly as it was launched only two years ago by the tech giant. Spotify — started in 2008 and […]
