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HONG KONG, China (AFP) — Asian traders trod carefully Tuesday as profit-taking from the previous day’s rally offset a healthy lead from Wall Street, while the pound briefly fell after authorities said a blast in Manchester could be terror-related. Global markets pushed higher Monday as energy firms benefited from a surge in oil prices as OPEC and Russia look set to extend an output cut, while US dealers welcomed an optimistic survey on US manufacturing. […]
NEW YORK, United States (AFP) — US stocks continued to rebound from last week’s rout on Monday, rising for the third straight session, while oil prices strengthened ahead of a closely-watched OPEC meeting. European stocks finished modestly lower, while Tokyo and Hong Kong both gained. Continued US economic optimism was reflected in a new survey showing executives in the manufacturing and services sector expect to see increased revenue, hiring and capital spending in 2017, according […]
by Alex Pigman Agence France Presse BRUSSELS, Belgium (AFP) — Eurozone finance ministers failed to reach a deal for fresh bailout cash for Greece on Monday, as a row with the International Monetary Fund over debt relief dragged on. After more than eight hours of talks in Brussels, ministers from the 19-member single currency bloc could not settle deep differences on debt relief pitting Germany, the eurozone’s most powerful member, against the IMF. “I think we […]
by Heather SCOTT Agence France-Presse WASHINGTON, United States – Ford Motor Company shook up its top management Monday, ousting its CEO amid declining sales in major markets, pressure to ramp up technology and a flagging share price. The company named Jim Hackett, who launched and led the high-tech division developing Ford’s self-driving cars, to replace Mark Fields as president and CEO. It also named three new executive vice presidents to oversee global markets, global operations and mobility […]
(Eagle News) — The Philippines Airlines (PAL) has announced that it will temporarily suspend its flights to Abu Dhabi starting July 8, 2017. PAL said that suspension was due to route assessment initiatives and as part of their operational adjustments. “PAL is seeking the kind understanding of affected passengers as the airline implements these operational adjustments,” it said in a press statement. The airline said that flights to and from Abu Dhabi (PR 656/657 Tuesdays/Thursdays/Saturdays) […]
ZURICH, Switzerland (AFP) – Swiss group Clariant on Monday said it planned to merge with US counterpart Huntsman to create a trans-Atlantic chemicals giant with a combined value of around $20 billion. The all-stock transaction — which Clariant said would be a “merger of equals” — was agreed by the boards of both companies. The combined entity would be called HuntsmanClariant, the Swiss group said in a statement. Clariant CEO Hariolf Kottmann described the […]
HONG KONG, China (AFP) – Hong Kong’s flagship airline Cathay Pacific said Monday it would cut 600 staff as part of a major overhaul to slash costs and repair its bottom line. The company posted its first annual net loss in eight years in March, citing intense competition as lower cost airlines, particularly from mainland China, eat into its market share. It pledged at the time to slash costs by 30 percent, saying that […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday, tracking gains on Wall Street last week as higher oil prices lifted energy shares. US stocks rose on Friday, recovering losses sustained earlier in the week on worries about President Donald Trump’s growth agenda in the wake of burgeoning investigations of the White House. The White House has been thrown into turmoil by a succession of stunning allegations against the president. James Comey, the former […]
BRUSSELS, Belgium (CCTV) — The European Commission (EC) imposed a fine of 110 million euros (122 million U.S. dollars) on Facebook on Thursday for providing misleading information about the WhatsApp takeover. The decision was announced during a press briefing in Brussels, which came six months after the European Union’s (EU) executive arm opened a case against Facebook in December. After investigation, the Commission now concluded that Facebook has denied its capability of matching user accounts […]
NEW YORK, United States (AFP) — A 1982 untitled Basquiat sold for $110.5 million in New York on Thursday, setting a new auction record for the United States artist in Sotheby’s flagship post-war and contemporary art sale, the auction house said. Jean-Michel Basquiat, the US wonderkid of Haitian and Puerto Rican descent, who died in 1988 of an overdose at the age of 27, has been catapulted into the rostrum of 20th century greats by the […]
by Miwa Suzuki Agence France-Presse TOKYO, Japan (AFP) — Japan has posted its longest economic expansion in over a decade, government data showed Thursday, marking a win for Tokyo’s growth bid even though its battle to conquer deflation is still far from won. The world’s number three economy grew 0.5 percent in the first quarter — or an annualized 2.2 percent. That was the fifth straight rise and up from a 0.3 percent expansion in the […]
GENEVA, Switzerland (AFP) — The largest flawless heart-shaped diamond has sold for nearly $15 million in Geneva Wednesday, breaking a world record in its category, auction house Christie’s said. The 92-carat diamond forms the center-piece of a necklace of cultured pearls. The sale price of around $14.99 million (around 13.45 million euros) is a world record for heart-shaped diamonds, Christie’s spokesperson Alexandra Kindermann told AFP. The piece was designed by Boehmer et Bassenge who have taken […]
