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NEW YORK, United States (AFP) — Wall Street stocks tumbled Monday at the start of a heavy week for earnings that began with disappointing reports from Caterpillar and others. The Dow Jones Industrial Average dropped 0.9 percent to close the session at 24,528.22. The broad-based S&P 500 shed 0.8 percent to end at 2,643.85, while the tech-rich Nasdaq Composite Index fell 1.1 percent to 7,085.68. Dow member Caterpillar, an industrial company seen as a proxy […]
NEW YORK, United States (AFP) — Global stocks mostly fell Monday as a heavy week of earnings and economic news kicked off with a pair of disappointing US reports that underscored worries about slowing Chinese growth. This week’s calendar includes the resumption of closely-watched US-China trade talks in Washington following a series of tariff announcements and tit-for-tat countermeasures by the two countries against each other. Economists say that and other trade battles are weighing on […]
TOKYO, Japan (AFP) — Tokyo stocks closed lower on Monday partially due to a strong yen, while investors braced for corporate results by major companies. The benchmark Nikkei 225 index slipped 0.60 percent, or 124.56 points, to 20,649.00 while the broader Topix index was down 0.68 percent, or 10.59 points, at 1,555.51. “We have very few trading elements today but a relatively strong yen is among the negative factors,” said Daiwa Securities senior technical analyst […]
HONG KONG, China (AFP) — Asian markets rose Friday putting them on course to end a shaky week on a positive note as investors look ahead to crucial trade talks between China and the United States at the end of the month. Small signs of a break in the impasse on Capitol Hill also provided some hope, with Democrats and Republicans meeting to end the month-long government shutdown that is taking its toll on the […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Friday as investors bought on dips after the benchmark Nikkei fell for the third straight session. The Nikkei 225 index was up 0.22 percent, or 45.64 points, at 20,620.27 in early trade, while the broader Topix index rose 0.13 percent, or 2.09 points, to 1,554.69. “Bargain-hunting can be easily seen at this level of shares,” said Toshikazu Horiuchi, a broker at IwaiCosmo Securities. But the market […]
HONG KONG, China (AFP) — Asian markets rose Thursday as investors try to ascertain the state of play in the China-US trade row, while the pound edged higher on optimism Britain will not crash out of the European Union. However, the US government shutdown continued to rankle, with Democrats and Donald Trump digging their heels in over the president’s border wall budget demand, while a White House official warned it could hammer the world’s top economy. […]
SEOUL, South Korea (AFP) — South Korea’s largest automaker Hyundai Motor reported its first quarterly loss in eight years on Thursday, with currency swings sending it $180 million into the red in October-December despite improved sales. Operating profit fell 35 percent from a year earlier to 501 billion won ($443 million), the firm said in a statement, and it made a net loss of 203 billion won. “Due to weakened currency in emerging markets coupled […]
TOKYO, Japan (AFP) — Tokyo stocks recovered from earlier losses to end almost flat Wednesday, as the dollar firmed while investors searched for new cues. The benchmark Nikkei 225 index ended down just 0.14 percent, or 29.19 points, at 20,593.72, while the broader Topix index fell 0.60 percent, or 9.40 points, to 1,547.03. Tokyo shares began trading in the red, touching the day’s low of 20,438.22 a minute after the opening bell, after Wall Street shares […]
(Eagle News) — The Philippine government is pushing a possible partnership on technology and infrastructure with the Israeli government, according to Finance Secretary Carlos Dominguez. “There are ample opportunities for bilateral cooperation between the Philippines and Israel in the technology and construction sectors. We have invited Israeli experts in these fields to visit the Philippines to explore possible cooperation arrangements,” Dominguez in a statement. Dominguez, who already met with Israeli Ambassador Rafael Harpaz, said the […]
SAN FRANCISCO, United States (AFP) — From “Fortnite” to “Pokemon Go,” play in the US drove video-game industry revenue to a record-setting $43.4 billion last year, according to data released Tuesday. Spending on games in the US in 2018 climbed 18 percent from the previous year, according to figures from the Entertainment Software Association (ESA) and market tracker NPD Group. “Whether it was playing on the go on a mobile device or at home on a PC […]
HONG KONG, China (AFP) –Asian markets fluctuated Wednesday following a negative lead from Wall Street as investors grow nervous about the chances of success in China-US trade talks ahead of a crunch meeting next week. The mood remains cautious, with the rally that has characterized the start of the year stuttering owing to a slowing Chinese economy, a softer global outlook and other issues including Brexit and the US government shutdown, which shows no sign […]
LONDON, United Kingdom (AFP) — British no-frills airline EasyJet on Tuesday said closure of London’s Gatwick Airport on December 21 caused by reported sightings of drones had cost the group £15 million ($19.2 million, 17 million euros). EasyJet said it had lost £5.0 million in revenue and taken a hit of £10 million on passenger costs. “EasyJet has made a good start to the 2019 financial year with robust customer demand and ancillary sales, driving […]
