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TOKYO, Japan (AFP) — Nintendo shares surged more than five percent on Wednesday after the game giant said it would release a Super Mario app for iPhones next month. The stock price rose as much as 5.5 percent to 26,215 yen before closing the morning session on the Tokyo Stock Exchange up 4.38 percent at 25,950 yen. Shares in Nintendo, creator of the Pokemon franchise, have been on a tear since the July release of […]
SAN FRANCISCO, United States (AFP) — WhatsApp has temporarily suspended giving parent company Facebook information about users in Europe for ad targeting, responding to concerns there over privacy, a source close to the matter said Tuesday. Conversations with officials in Europe over the past few months resulted in the social network deciding to only tapping into WhatsApp user data there for purposes such as fighting spam, according to the source. The break was described as […]
by Anna MALPAS MOSCOW, Russia (AFP) — Russia’s Investigative Committee said Tuesday it had detained Economy Minister Alexei Ulyukayev on suspicion of taking a two-million-dollar bribe over a massive deal involving state-controlled oil giant Rosneft. The committee, the country’s main federal investigative body, said the move was a result of an operation by the FSB security service, the successor to the KGB. It alleged in a statement the minister received the money on Monday for […]
NEW YORK, United States (AFP) — Billionaire investor Warren Buffett has taken stakes in three large US airlines, in a $1.3 billion bet that marks a sharp U-turn of his antagonistic views on the sector. Buffett’s Berkshire Hathaway Inc. invested $797 million in American Airlines, $249 million in Delta Air Lines and $237 million in United Continental Holdings, according to a regulatory filing reviewed Monday by AFP. Berkshire Hathaway also took a stake in Southwest […]
Beijing, China (AFP) — China’s retail sales growth slowed to 10.0 percent on-year in October, government data showed Monday, missing expectations in a worrying sign for domestic demand in the world’s second-largest economy. October’s industrial output growth matched the previous month’s figure at 6.1 percent, the National Bureau of Statistics (NBS) said, also slightly below forecasts in a Bloomberg News survey of economists. As growth slows, Beijing is seeking to make a difficult transition away from dependence […]
QUEZON City, Philippines (November 14) – A lot has been said about the state of the Philippine economy after the first 100 days of President Duterte’s Administration. Critics were quick to say that the economy has weakened. Shuli Ren in his article in Barron’s Asia website cited the 0.6% drop in the Philippine Stock Market right after US President Obama cancelled his meeting with President Duterte following Duterte’s harsh remarks after the media asked him what […]
Tokyo, Japan (AFP) — Japan’s economy grew more than expected in the third quarter as exports offset slack consumer spending, official data showed Monday. The world’s third largest economy expanded 0.5 percent quarter-on-quarter between July and September, for an annualized 2.2 percent expansion in Gross Domestic Product (GDP), the Cabinet Office said. The market had forecast a slower 0.2 percent growth rate, or an annualized expansion of 0.8 percent. Japan’s economy contracted in the last three months […]
TOKYO, Japan (AFP) — Toshiba said Friday its half-year profit tripled, owing to cost cuts and the sale of its home appliances business, providing a boost to the firm as it tries to turn the page on an embarrassing accounting scandal. The vast conglomerate posted an April-September net profit of 115.3 billion yen ($1.08 billion), well up from 37.3 billion yen seen a year ago. It also logged a 96.8 billion yen operating profit, reversing […]
TOKYO, Japan (Reuters) — Asian shares rebounded on Thursday (November 10) and the dollar firmed in a remarkable snapback from the shock of Republican Donald Trump’s presidential victory, though the speed of the reversal left some market watchers scratching their heads. The Nikkei duly recouped all of Wednesday’s (November 9) 5 percent loss and more to trade up roughly 6 percent as the yen weakened following the previous session’s surge. In South Korea, the Korea […]
HONGKONG, China (AFP) — Equity markets collapsed Wednesday and the Mexican peso hit a record low as the prospect of Donald Trump winning the race for the White House grew more likely as he picked up wins in crucial states. Safe haven assets rallied as investors went running for cover, with the yen and gold pushing higher. Initial confidence that market favourite Hillary Clinton would win the knife-edge race was wiped out as results showed […]
TOKYO, Japan (Reuters) — The dollar fell against the Japanese yen on Wednesday morning (November 9) as early exit polls for the U.S. presidential election revealed Republican candidate Donald Trump moving ahead. General manager and FX analyst at Japan’s Gaitame.com, Takuya Kanda, said that Trump’s protectionist views have led the market to move toward a more risk-averting direction. “If Trump becomes president, Japan will struggle with foreign exchange intervention, and yen-selling intervention; and also, considering his […]
TOKYO, Japan (Reuters) — Asian markets were on tenderhooks on Wednesday (November 8) as early state exit polls in the U.S. presidential election showed wins for both candidates and no clear trend as yet. In Tokyo, Japan’s benchmark Nikkei stock average opened at 17281.95 up 117.24 points on a possible Hillary Clinton win but later shed some points after Donald Trump was seen winning a few states in early exit polls. South Korean shares opened […]
