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HONG KONG, China (AFP) — Asian markets enjoyed broad gains for a third day on Wednesday but investors moved more cautiously as they took stock of the latest trade developments and looked to possible headwinds. New York provided another record lead on lingering optimism after the United States and Mexico agreed on a revised free-trade deal and Canada began talks that could see them join. However, while the news was seen as a much-needed boost […]
Asian markets rallied on Monday following a record lead from Wall Street, while the dollar remained under pressure after the head of the Federal Reserve suggested it would not speed up its pace of lifting interest rates. Jerome Powell said the US economy was healthy and prices showed no sign of rising more than the bank’s two percent target, adding that there appeared to be no risk of overheating. The remarks at the annual Jackson […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Wednesday, helped by a halt in the dollar’s weakness and rallies on Wall Street on hopes the US is working towards defusing trade conflicts with China. The benchmark Nikkei 225 index rose 0.20 percent, or 43.53 points, to 22,263.26 in early trade while the broader Topix index was up 0.04 percent, or 0.66 points, at 1,686.08. “With four consecutive days of rallies in the US market and […]
NEW YORK, United States (AFP) – PepsiCo said Monday it plans to buy SodaStream, an Israeli maker of carbonation products, for $3.2 billion as the beverage and snacks giant makes further inroads with in-home goods. The cash deal will see PepsiCo pay $144 per share for SodaStream’s outstanding stock, a 32 percent premium over its average price of the past 30 days. SodaStream offers consumers “the ability to make great-tasting beverages while reducing the amount […]
HELSINKI, Finland (AFP) — Finnish game maker Rovio Entertainment on Friday said sales of the sequel to its flagship Angry Birds game hit a new record as the group’s profit and revenue in the second quarter beat analyst’s expectations. From April to June, Angry Birds 2 generated revenue of 29.7 million euros ($33.8 million), exceeding by 38 percent its previous record set the first quarter. Rovio’s net profit for the quarter came in at 5.2 […]
HONG KONG, China (AFP) — Asian markets opened higher Friday after a positive lead from Wall Street and Europe, with investors cautiously optimistic about upcoming US-China trade talks. Negotiators from Washington and Beijing will meet later this month in the first publicly announced meeting in weeks on their bitter trade dispute, which has seen both sides impose reciprocal tariffs on goods worth $34 billion. The news helped global markets regain composure after several days of […]
by John BIERS © Agence France-Presse NEW YORK, United States (AFP)–Walmart shares surged Thursday after it reported the strongest US comparable sales in more than a decade as e-commerce investments paid off in a strengthening American economy. The world’s biggest retailer said rising online sales, and investments aimed at keeping prices low, boosted store traffic at its namesake US business, the most critical unit for earnings. Comparable US store sales rose 4.5 percent in the second […]
by Thomas URBAIN Agence France-Presse NEW YORK, United States (AFP) — As radio fades in the new world of digital media, podcasting has become hot. In less than 15 years, on-demand podcasts have become a key part of the media landscape that is luring advertisers to a market that is worth tens of millions of dollars and growing. According to Edison Research, 124 million Americans listen to audio podcasts including 73 million on a monthly […]
NEW YORK, United States (AFP) — Wall Street stocks finished lower Monday amid worries the Turkish currency crisis will spread to other emerging economies. The Dow Jones Industrial Average shed 0.5 percent to close at 25,187.70. The broad-based S&P 500 fell 0.4 percent to 2,821.93, while the tech-rich Nasdaq Composite Index fell 0.3 percent to 7,819.71. The declines in the US came after other leading equity bourses in Asia and Europe also pulled back as […]
HONG KONG, China (AFP) — Hong Kong stocks opened lower on Tuesday, extending the previous day’s sell-off as investors continue to fret over the impact of Turkey’s economic crisis on the global economy. The Hang Seng Index fell 0.64 percent, or 179.23 points, to 27,757.34. The benchmark Shanghai Composite Index edged down 0.18 percent, or 5.13 points, to 2,780.74, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, slipped 0.15 percent, or […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower Monday as investors watched tension between the US and Turkey that has driven down the lira, fanning fears of possible wider financial instability. The benchmark Nikkei 225 index fell 0.83 percent or 185.56 points to 22,112.2 while the broader Topix index gave up 0.83 percent or 14.22 points to 1,705.94. The Turkish lira fell to a new record low of 7.2362 to the dollar overnight, before recovering […]
TOKYO, Japan (AFP) — Tokyo stocks opened fractionally higher Tuesday following overnight gains on Wall Street, as investors searched for fresh news to move the market. The benchmark Nikkei 225 index rose 0.06 percent, or 14.27 points, to 22,521.59 in early trade while the broader Topix index was up 0.04 percent, or 0.63 points, at 1,733.53. With a dearth of major incentives, players will likely cherry pick selective shares like companies with strong earnings, before […]
