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NEW YORK, United States (AFP) — Europe’s stock markets struggled to find direction Wednesday as investors digested downbeat German economic data following an uneventful State of the Union address by US President Donald Trump. Frankfurt dropped 0.3 percent as official figures showed that industrial orders in Germany fell back in December, the latest sign of a slowdown in Europe’s largest economy. London stocks slipped by 0.1 percent meanwhile, with online supermarket Ocado hit by a […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Thursday tracking falls in US shares, with investors focusing on corporate earnings reports. The benchmark Nikkei 225 index was down 0.19 percent or 39.11 points at 20,834.95 in early trade while the broader Topix index slipped 0.24 percent or 3.78 points to 1,578.35. “Following declines in US shares, selling is seen dominating trade in early hours,” Okasan Online Securities said in a commentary. Given earnings reports […]
by Natsuko FUKUE Agence France-Presse TOKYO, Japan (AFP) — Japanese car giant Toyota slashed its full-year net profit forecast Wednesday after saying its nine-month figure had tumbled nearly 30 percent as it was hit by investment losses. The firm’s senior managing officer Masayoshi Shirayanagi also told reporters there was no way to avoid a negative impact in the event of a no-deal Brexit — days after fellow Japanese carmaker Nissan announced a cut in production […]
JAKARTA, Indonesia (AFP) — Indonesia posted slightly stronger economic growth in 2018, data showed Wednesday, but it still fell well short of President Joko Widodo’s seven percent target as elections draw closer. Southeast Asia’s biggest economy expanded 5.17 percent on-year, ticking up from 5.10 percent in 2017 and beating most analyst forecasts. Domestic spending was a key driver, the statistics agency said, as the commodities-driven economy weathered rocky global demand. “This growth is quite an […]
HONG KONG, China (AFP) — Shares in Tokyo and Sydney rose Wednesday in another holiday-thinned trading day as investors tracked a positive lead from Wall Street but there was little movement after Donald Trump’s State of the Union address. With most of the region off for the Lunar New Year break there were few catalysts to drive business. Trump’s annual address touched on a number of issues including the China trade war, North Korea, the […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday, helped by a cheaper yen and optimism over the US economy following strong jobs data that also saw Wall Street shares rise. The benchmark Nikkei 225 index was up 0.42 percent, or 87.74 points, at 20,876.13 in early trade, while the broader Topix index rose 0.60 percent, or 9.33 points, to 1,573.96. Wall Street shares ended mostly higher after stronger-than-expected US jobs data. The dollar […]
by Glenn CHAPMAN Agence France-Presse SAN FRANCISCO, United States (AFP) — Amazon on Thursday reported its profit in the past quarter surged on strong holiday retail sales and its soaring cloud computing business. The US tech giant said profit jumped 63 percent from a year ago to $3 billion in the fourth quarter as revenues increased 20 percent to $72.4 billion. The results reflected growth in Amazon’s ever-expanding online retail operations as well as its […]
Japanese electronics giant Sony said on Friday that nine-month net profit jumped 63.2 percent on-year, led by its games and music divisions, while tax benefits allowed the firm to raise its annual forecast. But the electronics and entertainment giant lowered its annual sales forecast, citing slower-than-expected sales in a range of fields including the key semiconductor unit. The company said its April-December net profit reached 828.4 billion yen ($7.6 billion), while operating profit rose 13.9 […]
SEOUL, South Korea (AFP) — The world’s biggest shipbuilder, South Korea’s Hyundai Heavy Industries, has reached a deal to acquire a majority stake in ailing number two Daewoo from the government, Seoul said Thursday. The world’s top three shipbuilders are South Korean — Samsung Heavy ranks third — but the industry has been hammered in recent years by overcapacity and plunging ship prices. Daewoo Shipbuilding & Marine Engineering has struggled in particular and has repeatedly […]
LONDON, United Kingdom (AFP) — Royal Dutch Shell on Thursday said that net profit surged 80 percent to $23.4 billion in 2018, thanks to higher oil prices and cost cuts. Profit after tax had come in at almost $13 billion in 2017, Shell said in a statement. “We delivered on our promises for the year, including the completion of the $30 billion divestment program and starting up key growth projects while maintaining discipline on capital […]
TOKYO, Japan (AFP) — Tokyo shares ended lower Wednesday with investors sitting on their hands as US and Chinese trade negotiators prepared to meet again. The market was also in wait-and-see mode ahead of the US Federal Reserve’s policy decision later Wednesday, meaning major indices spent much of the day in the red. The Nikkei 225 index, which opened briefly in positive territory, ended down 0.52 percent, or 108.10 points, to 20,556.54 while the broader […]
HONG KONG, China (AFP) — The pound ticked up slightly in Asia on Wednesday after suffering heavy losses on worries about a possible no-deal Brexit, while regional equities were mixed ahead of crunch trade talks between China and the United States. MPs on Tuesday returned to Westminster to vote on a series of proposals dealing with Britain’s exit from the European Union after roundly rejecting Prime Minister Theresa May’s controversial deal two weeks ago. In […]
