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TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday, rebounding from the previous day’s five percent drop as the yen’s rise took a breather. The benchmark Nikkei 225 index, which on Tuesday closed at a 20-month low on worries over the US economy, gained 1.45 percent or 277.75 points to 19,433.49 in early trade. The broader Topix index was up 1.37 percent or 19.39 points at 1,434.94. Despite the recent market rout, there has […]
HONG KONG, China (AFP) — Hong Kong stocks sank in early trade Monday following last week’s torrid Wall Street losses as political turbulence in Washington continues to hit Asian shares. The Hang Seng Index was down 1.13 percent, or 290.96 points, to 25,462.46. The benchmark Shanghai Composite Index dropped 0.38 percent, or 9.51 points, to 2,506.74, and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, fell 0.26 percent, or 3.34 points, to […]
by Frederick ATTEWILL Agence France-Presse HONG KONG, China (AFP) — Fresh political turbulence in Washington and renewed fears over US-China relations pushed Asian markets lower Friday, as a global slump sparked by unease over Fed policy showed no signs of easing. The resignation of US Defense Secretary Jim Mattis — seen as a moderating force on an often impulsive president — and the looming threat of a federal government shutdown alarmed investors as concern grows […]
PARIS, France (AFP) — France’s data protection agency said Thursday that it had fined the US ride-hailing group Uber 400,000 euros ($460,000) over a 2016 data breach that exposed the personal data of some 57 million clients and drivers worldwide. Uber drew the wrath of users and regulators after the company waited a year before revealing in November 2017 that hackers had infiltrated its systems. The French Data Protection Authority said the breach would have […]
HONG KONG, China (AFP) — Tokyo led a rout of Asian shares Thursday, mirroring big losses on Wall Street after the Fed defied unprecedented pressure from Donald Trump and raised interest rates, sparking fears the move could choke economic growth. The Nikkei plunged to a 15-month low as investors took fright over the pace of monetary tightening, with a slump triggered by the Dow’s fall to its lowest level of 2018 gathering pace. The US […]
HONG KONG, China (AFP) — Most markets were mixed in Asia Wednesday as investors moved cautiously after the previous day’s sell-off, while focus is on a Federal Reserve policy decision with opinions split on whether or not it should hike interest rates again. Oil prices also edged up but were struggling to make a dent in the steep losses sustained Tuesday as traders fret over a global supply glut, higher production and the outlook for […]
by Heather SCOTT Agence France-Presse WASHINGTON, United States (AFP) — The US Federal Reserve is expected to raise the benchmark lending rate on Wednesday but to accompany that with a strong sign it will hold off on future increases. But the outcome of the two-day monetary policy meeting is perhaps the most uncertain of any in the past decade. A remarkably low 72 percent of market participants expect an increase in the federal funds rate […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Wednesday as investors awaited the outcome of the US central bank policy meeting while the Japanese mobile unit of SoftBank Group flopped on its debut. The benchmark Nikkei 225 index slipped 0.23 percent or 48.63 points to 21,066.82 in early trade, while the broader Topix index was down 0.21 percent or 3.27 points at 1,559.24. “A wait-and-see mood will likely grow ahead of the outcome of […]
NEW YORK, United States (AFP) — Wall Street crumbled again on Monday while other global stocks mostly fell as a wave of bad feeling about economic growth swept over investors. US President Donald Trump lambasted the Federal Reserve again, calling on the central bank not to raise interest rates a day before policymakers are due to meet. Markets widely expect the Fed to ignore the political pressure and announce its fourth rate hike of 2018. […]
HONG KONG, China (AFP) — Asian markets mostly fell Tuesday following a sharp retreat on Wall Street fueled by increasing worries about the global economy, while investors await the Federal Reserve policy meeting this week. A much-anticipated speech by President Xi Jinping left investors crestfallen as they had been hoping for comments about stimulus or even clues about possible reforms to China’s economy and plans for the next year. After a broadly upbeat start to […]
BEIJING, China (AFP) — China announced Friday it will suspend extra tariffs added to US-made cars and auto parts for three months starting on January 1 as part of the trade war truce with the United States. Beijing raised tariffs on American-made cars and auto parts this summer by 25 percent in retaliation for US tariffs on $50 billion of Chinese goods. “Suspension of the tariffs is a concrete measure to implement the consensus reached […]
TOKYO, Japan (AFP) — Tokyo stocks closed lower on Friday after two days of rallies as investors locked in profits while awaiting fresh global data for clues on growth in major economies. The benchmark Nikkei 225 index dropped 2.02 percent, or 441.36 points, to end at 21,374.83, while the broader Topix index lost 1.51 percent, or 24.49 points, to 1,592.16. “Trade lacks a sense of direction following mixed US stocks indexes and ahead of fresh […]
