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TOKYO, Japan (AFP) — Tokyo stocks opened lower on Friday, extending losses in global markets amid escalating trade tensions and a stronger yen against the dollar. The benchmark Nikkei 225 index lost 1.02 percent or 231.15 points to 22,461.89 in early trade, while the broader Topix index was down 0.94 percent or 16.44 points at 1,734.19. The European Union slapped revenge tariffs on iconic US products including bourbon, jeans and motorcycles on Friday in its […]
by Nova SAFO Agence France-Presse CHICAGO, United States (AFP) — Bill Ford Jr., the great-grandson of the American car-maker’s founder, stood in front of thousands Tuesday in Detroit, with an abandoned train station in the background, and entwined the company’s future with that of the dilapidated building behind him. “This station is a symbol,” Ford declared. “We’re making a big bet on our future.” The company — one of America’s “Big Three” automakers — bought […]
HONG KONG, China (AFP) — Asian equities mostly rose Wednesday but investors struggled to sustain any meaningful recovery after the previous day’s battering, with the shadow of a potentially damaging China-US trade war hanging over markets. Shanghai and Hong Kong took the brunt of the sell-off Tuesday after Beijing warned it would retaliate in kind to Donald Trump’s threat of tariffs on hundreds of billions of dollars worth of Chinese goods amounting to a large […]
SAN FRANCISCO, United States (AFP)—Tesla chief Elon Musk told employees Monday the electric carmaker is being reorganized to speed up production of Model 3 vehicles — a key to profitability at the fast-growing firm. “To ensure that Tesla is well prepared for the future, we have been undertaking a thorough reorganization of our company,” the memo obtained by AFP said. “As part of the reorg, we are flattening the management structure to improve communication, combining […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Monday amid lingering worries over a US-China trade war and after a strong earthquake shook western Japan with no immediate reports of major damage. The benchmark Nikkei 225 index slipped 0.39 percent or 88.97 points to 22,762.78 in early trade, while the broader Topix index was down 0.53 percent or 9.51 points at 1,779.53. “Concerns over a US-China trade war are weighing on the market, prompting […]
HONG KONG, China (AFP) — Asian markets mostly fell Thursday after the Federal Reserve hiked interest rates and signaled a more hawkish tone for future moves, while US President Donald Trump stoked trade war fears by suggesting he will hit China with fresh tariffs. After a keenly watched meeting, the US central bank lifted borrowing costs, as expected, but indicated another two this year and four in 2019 as the world’s top economy continues to […]
(Eagle News) — Tutol ang Action for Economic Reforms (AER) sa mga panawagan na suspendihin ang fuel excise tax rates sa ilalim ng Tax Reform for Acceleration and Inclusion o TRAIN law. Ayon kay AER Coordinator Filomena Sta. Ana, kapag sinuspinde ang buwis sa langis ay mawawala ang kredibilidad ng tax reform. Kapag nawala aniya ang kredibilidad ay mawawala rin ang tiwala ng mga investor. Paliwanag pa ng AER, Hindi rin magiging maganda ang epekto […]
The dollar extended gains against its peers in Asian trade Wednesday as investors await a key Federal Reserve decision later in the day, but most equity markets dipped. As the euphoria over the historic summit between Donald Trump and Kim Jong Un recedes, investors are focusing on macroeconomic issues with concerns over global trade causing some discomfort. “With a rate hike widely expected, investors are focused on the Fed’s statement wording, economic projections and press […]
TOKYO, Japan (AFP) — Toyota said Wednesday it was investing $1 billion in Asia ride-share company Grab, as the Japanese automaker looks to expand beyond its core business into the “mobility” sector. Grab, which is headquartered in Singapore, is a leading player in the ride-share industry in Asia, and earlier this year agreed to acquire US giant Uber’s regional operations. In a statement, Toyota said the deal “is aimed at achieving connectivity for Grab’s rental […]
NEW YORK, United States (AFP) — Global stocks were mixed Tuesday as markets began looking past an historic US-North Korea summit towards major central bank decisions in the coming days. Markets moved little following the meeting between US President Donald Trump and the North Korean leader Kim Jong Un, with some analysts lauding the positive tone of the event but uncertain of whether it would result in significant change. “The general reaction in the markets […]
HONG KONG, China (AFP) — Hong Kong stocks started Monday with small losses following the weekend’s chaotic Group of Seven summit that showed deep divisions between the US and its allies, while dealers are looking ahead to Donald Trump’s meeting with Kim Jong Un. The Hang Seng Index dipped 0.16 percent, or 48.72 points, to 30,909.49. And the benchmark Shanghai Composite Index gave up 0.32 percent, or 9.81 points, to 3,057.34, while the Shenzhen Composite […]
TOKYO, Japan (AFP) — Japan’s economy slid into negative territory for the first time in two years at the beginning of the year, official data showed Friday, confirming preliminary figures issued last month. The world’s third-largest economy contracted by 0.2 percent quarter-on-quarter in the January-March period, unchanged from the preliminary figure, the Cabinet Office said. The new data also revises upwards the figure for the last quarter of 2017, to 0.3 percent from 0.1. The […]
