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HONG KONG, China (AFP) — Technology firms fell in Asia Tuesday, tracking a deep sell-off in New York where Apple was hammered by worries about demand for its iPhones, while energy firms also fell with oil prices. After last week’s US elections-inspired mini-rally, global equities resumed their months-long slide as investors fret over a number of issues from the China-US trade war and Brexit to rising US interest rates and slowing economic growth. The latest […]
HONG KONG, China (AFP) — Asian markets turned lower Friday as investors took their foot off the pedal at the end of a broadly positive week, while the dollar strengthened after the Federal Reserve flagged more interest rate hikes down the line. Energy firms were among the biggest losers as oil prices fell into a bear market after dropping 20 percent from their recent highs. The US midterms provided a much-needed fillip to equities as […]
NEW YORK, United States (AFP) — European stock markets slipped Tuesday on trepidation over US midterm elections seen as a referendum on Donald Trump’s presidency, while US markets rose after a quiet session. Key European markets were down by as much as one percent at the close, while Wall Street reversed early declines to post solid gains. The S&P 500 ended up 0.6 percent. But trading volume was light as investors refrained from placing bets […]
HONG KONG, China (AFP) — Asian markets mostly rose early Wednesday as investors tracked early results from the US midterm elections with Democrats looking on course to win back control of the House, which could impact Donald Trump’s legislative agenda. Equities and the dollar were fluctuating through the morning with results in many key constituencies on a knife-edge with turnout expected to be high. But, while the vote is the first major electoral test of […]
by Shingo ITO Agence France-Presse TOKYO, Japan (AFP) — Japanese car giant Toyota upgraded its full-year forecast Tuesday, as the firm posted a 16-percent gain in net profit for the six months to September thanks to steady global sales and cost-cutting efforts. The maker of the Camry sedan and Prius hybrid revised upward its net profit forecast to 2.3 trillion yen ($20.3 billion) from its earlier estimate of 2.12 trillion yen for the year to […]
HONG KONG, China (AFP) — Asian markets fell Monday after Donald Trump’s top economics adviser downplayed the chances of a quick deal to end the China-US trade war, taking the wind out of the sails of last week’s rally. The US leader fueled a surge in the region’s equities Friday by tweeting that he had held positive talks with Chinese President Xi Jinping, before a report said he had even asked officials to draw up […]
by Glenn CHAPMAN Agence France-Presse SAN FRANCISCO, United States (AFP) — Apple on Thursday delivered blockbuster earnings, but saw shares punished after a disappointing holiday season forecast and word that it will stop reporting how many iPhones it sells. The California-based technology giant makes most of its money from iPhones, and sales numbers have been seen as a bellwether of the company’s fortunes. Apple shares dove 6.5 percent to $207.78 in after-market trades following the […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Friday extending rallies in New York, as investors watched corporate earnings reports and awaited key US jobs data. The benchmark Nikkei 225 index was up 0.39 percent or 83.95 points at 21,771.60 while the broader Topix index was up 0.23 percent or 3.17 points at 1,635.76. “Tokyo share trading in early hours is seen dominated by purchases, helped by a tailwind from gains in US shares,” […]
by Jung Hawon Agence France-Presse SEOUL, South Korea (AFP) — Samsung Electronics on Wednesday posted record quarterly operating and net profits as solid demand for its memory chips cushioned the fallout from slowing smartphone sales — but warned of tougher times ahead. The South Korean tech giant — the world’s top maker of smartphones and memory chips — has recovered from a series of setbacks, including a humiliating recall and the jailing of its de […]
(Eagle News) — Good news for LPG consumers. Starting Nov. 1, oil companies are set to implement a big price rollback on liquefied petroleum gas (LPG), according to the Oil Industry of Management Bureau of the Department of Energy (DOE). LPG prices will likely to go down ranging from Php 5.00 to Php 7.00 for every kilogram (kg), or a total of Php 55.00, or Php 77.00 for an 11 kg LPG cylinder. According to […]
(Eagle News) — Big oil companies implemented price rollback on their petroleum products for the third consecutive week because of the continuing decrease in the world oil prices. Phoenix Petroleum was the first to implement the price rollback on Saturday slashing Php 1.65 for every liter of gasoline, and by Php 0.60 for every liter of Diesel. Petro Gazz and Seaoil implemented the same price rollback on Monday at 12:01 AM. Flying V and Petron […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday, shrugging off falls in US shares last week, but investors appeared cautious with corporate earnings season under way in Japan and the US. The benchmark Nikkei 225 index advanced 0.68 percent or 144.34 points to 21,328.94 in early trade, while the broader Topix index was up 0.63 percent or 10.01 points to 1,606.02. The rebound in Tokyo came after Wall Street stocks finished a volatile […]
