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TOKYO, Japan (AFP) — Tokyo stocks slipped Wednesday morning on lingering worries over North Korea, with the yen strengthening against its major peers due partly to its status as a safe haven currency. The benchmark Nikkei 225 index fell 0.31 percent, or 59.94 points, to 19,325.87 by the break — a four-month low — while the broader Topix index was down 0.20 percent, or 3.20 points, at 1,587.51. “No one knows if the issues around […]
TOKYO, Japan (AFP) — Tokyo stocks dropped Tuesday morning, with investors keeping a nervous eye on any fresh developments in the North Korea nuclear crisis. Traders stayed on alert as South Korea said there were signs the North was preparing another rocket launch, possibly an intercontinental ballistic missile similar to the one fired over Japan last week. Tensions on the Korean peninsula spiked after Pyongyang conducted its sixth nuclear test on Sunday — sparking global […]
TOKYO, Japan (AFP) — Toshiba said Thursday that three groups are vying for its memory chip business, as reports said Apple has jumped into the race with a consortium offering to pay about $20 billion for the unit. The loss-hit conglomerate said bidders include a group led by US investment fund Bain Capital and Japanese state-backed investors and another that includes Taiwan’s Hon Hai Precision, better known as Foxconn. A third consortium includes Western Digital, […]
SAN FRANCISCO, United States (AFP) — Uber said late Tuesday that it has hired Expedia boss Dara Khosrowshahi as its new chief executive. Khosrowshahi will be at Uber’s headquarters in San Francisco for an ‘all-hands’ gathering to meet workers at the controversy-battered company. “We are delighted to announce that Uber’s Board has voted unanimously to appoint Dara Khosrowshahi to be our new CEO,” Uber executives said in an email sent to employees late Tuesday. Khosrowshahi […]
WASHINGTON, United States (AFP) — The United States branch of embattled German carmaker Volkswagen announced Tuesday it was recalling 281,000 vehicles to fix a faulty fuel pump in another blow to the company’s image. While the number is far smaller than the 11 million cars worldwide recalled in the “dieselgate” emissions cheating scandal, including about 600,000 vehicles in the US, news of another problem comes as the company is trying to restore its image with […]
TOKYO, Japan (Reuters) — Stock markets in Tokyo, Seoul, and Hong Kong closed lower on Tuesday (August 29), but regained some of the losses from earlier in the day after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang. Japan’s Nikkei closed its trading at 19362.55 down 87.35 points while the wider Topix shed 2.36 points to 1597.76. The Korea Composite Stock Price Index (KOSPI) closed down […]
(Eagle News) — Nararamdaman na ng mga retailer ang lumalakas na kompetisyon sa online shopping na dati’y hindi pinagtutuunan ng pansin. Aminado si Samie Lim, Chairman Emeritus ng Philippine Retailers Association na marami sa kanilang miyembro ang nagsabing nawawalan na sila ng customer dahil nalilipat na ang atensyon ng mga consumer sa online shopping. Anila, mas kumbinyente at iwas-traffic ang online shopping. Ayon kay Lim, talagang apektado sila sa patuloy na paglakas nito dahil nasa […]
TOKYO, Japan (AFP) — Tokyo’s benchmark stock index fell to its lowest level in almost four months Monday on concerns about Donald Trump’s stalled economic agenda and as South Korea and the US kicked off annual war games that anger Pyongyang. Investors are fretting over the outlook for Trump’s plans on tax reform and other market-friendly measures, as his support from corporate America evaporated following a heavily criticized response to a white supremacist rally. “Uncertainty […]
by John Biers Agence France-Presse Walmart updated investors Thursday on its latest new gadgets and time-saving pickup options to lure shoppers to stores and away from arch-rival Amazon. The good news? The company’s array of investments in e-commerce, store beautification, low prices and higher employee pay are indeed driving up store traffic. The bad news? Profits are down. Walmart US, the biggest division at Wal-Mart Stores, scored a 1.8 percent rise in comparable sales in […]
HONGKONG, China (AFP) — The dollar slumped Thursday in the wake of dovish Federal Reserve minutes highlighting concern over inflation and crumbling corporate support for United States President Donald Trump. The greenback was back below 110 yen as safe haven assets were reinvigorated, with Asian equities treading water to broadly hold gains from a rally earlier in the week on easing tensions over North Korea. New York stocks finished higher despite developments in Washington, with […]
TOKYO, Japan (AFP) — Tokyo shares rebounded Tuesday morning after four days of losses as fears over a US-North Korea military conflict began to recede. Before the Japanese market opened, North Korean state media reported that leader Kim Jong-Un had been briefed on the plan to fire missiles toward the US Pacific territory of Guam, but hinted he would hold off on the provocative launch. That came after US Defence Secretary Jim Mattis and Secretary […]
SHANGHAI, China (AFP) — Facebook’s sneaky launch of a photo-sharing app in China, where its social network is banned, gives it a small taste of the massive market’s potential, but it may have to settle for just that for now. The United States tech giant acknowledged last week that it was behind the Colorful Balloons application, which is similar to its Moments app but omits any mention of Facebook’s brand name. Facebook has strived to […]
