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TOKYO, Japan (AFP) — Tokyo shares closed lower on Tuesday as uncertainty caused by factors including Brexit and trade tensions weighed on the market, wiping out early gains. The benchmark Nikkei 225 index fell 0.34 percent or 71.48 points to 21,148.02 while the broader Topix index was down 0.91 percent or 14.50 points at 1,575.31. Tokyo shares opened higher, rebounding from sharp drops the previous day, with investors apparently relieved that Wall Street eked out […]
TOKYO, Japan (AFP) — Tokyo stocks closed sharply lower on Monday, taking a negative lead from New York where unease over the US-China trade war prompted a fresh sell-off late last week. The benchmark Nikkei 225 index lost 2.12 percent or 459.18 points to end at 21,219.50, while the broader Topix index was down 1.89 percent or 30.64 points at 1,589.81. On Friday, major US stock indices slumped more than two percent to conclude a […]
by Shingo ITO Agence France-Presse TOKYO, Japan (AFP) — Japanese prosecutors formally charged Carlos Ghosn with financial misconduct for under-reporting his salary and also served a fresh warrant on separate allegations, local media reported Monday, meaning the tycoon will likely spend Christmas in a cell. Former Nissan chairman Ghosn, 64, has been in detention since his November 19 arrest on suspicion of under-declaring his income by some five billion yen ($44 million) between 2010 and […]
OPEN FOR BUSINESS exclusive interview with Deputy director for Research of the Hong Kong Trade Development Council, Mr. Billy Wong, in Hong Kong (Eagle News) – Hong Kong’s traders are “increasingly worried” about the ongoing trade war between the United States and China, and are now looking for new markets for their goods. Deputy director for Research of the Hong Kong Trade Development Council, Mr. Billy Wong, told Eagle News Service’s Online program, “Open for Business” […]
TOKYO, Japan (AFP) — Nissan Friday announced plans to recall approximately 150,000 vehicles owing to improper tests on new units, dealing a fresh blow to the Japanese car giant following the shock arrest of former chairman Carlos Ghosn. “Nissan has recently found several non-conformities that may have caused inaccurate pass/fail judgments during the inspection process,” the company said in a statement, adding it would “promptly” recall as many as 150,000 units in Japan. It confirmed […]
TOKYO, Japan (AFP) — Tokyo stocks closed higher on Friday on a report that the US Federal Reserve could soon pause interest rate hikes, news that also boosted US markets. The benchmark Nikkei 225 index ended up 0.82 percent, or 177.06 points, at 21,678.68. Over the week, the index lost 3.01 percent. The broader Topix index gained 0.61 percent, or 9.85 points, to close at 1,620.45. Over the week, the index fell 2.82 percent. “Japanese […]
TOKYO, Japan (AFP) — Nissan plans to conduct another recall owing to “improper” tests on new vehicles, a newspaper said Thursday, dealing a fresh blow to the Japanese car giant following the shock arrest of former chairman Carlos Ghosn. The latest issue was uncovered after transport ministry officials conducted on-site inspections at Nissan’s major assembly plants, the Nikkei business daily said. Several employees admitted they carried out “improper” tests on brake and other systems before […]
HONG KONG, China (AFP) — Asian markets fell Wednesday following a rout on Wall Street, as investors were bombarded by a “perfect storm” of problems from trade to Brexit that erased the positivity seen at the start of the week. The glum mood overshadowed hints from Donald Trump at more time to resolve the China-US trade row, as well as soothing comments from China about their desire to push on with a weekend agreement between […]
by Thomas CABRAL Agence France-Presse LIBOS, Portugal (AFP) — Chinese President Xi Jinping arrived in Portugal on Tuesday for a two-day visit to boost economic ties, despite concern in some EU capitals over China’s growing influence across the continent. “Relations between China and Portugal are entering their best period… We must develop existing projects and step up our commercial exchanges,” Xi said at a meeting with counterpart Marcelo Rebelo de Sousa. His two-day stay will […]
HONG KONG, China (AFP) — Asian markets mostly dropped Tuesday as the previous day’s euphoria over the China-US trade war ceasefire gave way to questions about whether the two can ultimately resolve their differences. However, oil prices continued to rise, building on Monday’s surge fuelled by the agreement as well as news of a Russia-Saudi Arabia pact to cap output. Global investors were given some much-needed Christmas cheer at the weekend after Donald Trump and […]
TOKYO, Japan (AFP) — Tokyo stocks closed loser on Tuesday, ending a seven-day winning streak, as a higher yen against the dollar weighed on the market and investors sought to lock in profits. The benchmark Nikkei 225 index dropped 2.39 percent, or 538.71 points, to 22,036.05 while the broader Topix index fell 2.36 percent, or 39.85 points, to end at 1,649.20. “The yen is edging higher” against the dollar “on geopolitical risks including violent protests […]
TOKYO, Japan (AFP) — Tokyo shares opened higher Monday, with other regional bourses following suit, as investors breathed a sigh of relief after the US and China agreed to suspend new tariffs in their escalating trade war. Investors returned to buying after the long-awaited meeting between US President Donald Trump and Chinese President Xi Jinping on the sidelines of weekend G20 talks in Argentina. The leaders of the world’s top two economies agreed not to […]
