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HONG KONG, China (AFP) — Asian investors on Wednesday struggled to track a record close on Wall Street as they await the Federal Reserve’s latest policy meeting hoping for a guide on its plans for monetary policy. The central bank is all but certain to lift interest rates after its meeting ends later in the day but the main focus will be on chair Janet Yellen’s comments afterwards. Some analysts suggest the rise could be […]
MEXICO CITY, Mexico (Reuters) – Hundreds of Chinese companies have descended on Mexico City for an expo that seeks to promote trade ties with Latin America’s No.2 economy amidst uncertainty over the future of the North American Free Trade Agreement. The “China Homelife Mexico” expo is the biggest expo of Chinese goods in the world, featuring state-of-the-art technology and electronics that originate from the Asian superpower. The expo has already been done in Brazil and […]
TOKYO, Japan (AFP) — Japan’s benchmark Nikkei index slipped Tuesday in response to Wall Street’s technology sell-off, with market heavyweight SoftBank falling for a second day. United States technology giants including Apple and Netflix Monday suffered another bruising session in New York which analysts attributed to profit-taking. “The upward trend in earnings for US technology companies isn’t likely to change, but with those stocks in for a speedy correction, it’s hard to buy their Japanese […]
TOKYO, Japan (Reuters) — Asia stocks were relatively unaffected on Friday (June 9) after British elections seemed to leave no single party with a clear claim to power. Japan’s benchmark Nikkei opened at 19953.06 up 43.80 points. In South Korea, stocks opened slightly higher with the Korea Composite Stock Price Index (KOSPI) up 0.33 percent, to 2,371.36 points as of 0130 GMT. Hong Kong markets opened up as voting for the United Kingdom’s general election […]
by Megha Bahree Agence France-Presse NEW DELHI, India (AFP) — Solar power prices in India have hit rock bottom, but it is not all good news for the electricity-starved country as the phenomenon has hit investor confidence and threatens the country’s effort to push its green credentials. Cut-throat competition has driven prices down to unsustainable levels, undermining the booming sector’s viability, according to experts. After the United States withdrew from the Paris climate deal last week, […]
TOKYO, Japan (AFP) — Tokyo shares opened slightly down Monday as the yen remained stronger after a lackluster United States jobs report late Friday and the London attack escalated political uncertainties. The dollar fetched 110.39 yen in early Asian trade, down modestly from 110.44 yen late Friday in New York, as weak US jobs data weighed on US Treasury yields. “The numbers were solid enough to keep the Fed on track for a June hike, […]
by Raphael Ambasu MOMBASA, Kenya (AFP) — Kenya’s President Uhuru Kenyatta on Wednesday inaugurated a Chinese-built railway, the country’s biggest infrastructure project since its independence. The boxy red-and-white diesel train left from a gleaming new terminal in the port city of Mombasa, carrying Kenyatta, Chinese dignitaries and citizens from around the country on its maiden journey to Nairobi. The five-hour journey will take less than half the time to drive between the two cities, a […]
TOKYO, Japan (AFP) — Stock markets in Japan and South Korea rose Monday morning as investors brushed off Pyongyang’s missile launch, and after record gains on overseas bourses. The short-range projectile flew for several minutes before landing in the Sea of Japan (East Sea) — the latest in a series of launches that have ratcheted up tensions over the North’s bid to develop weapons capable of hitting the United States. The political reaction in Asia […]
(Eagle News) – The Department of Trade and Industry reminded businessmen in Mindanao to comply with the price freeze in basic commodities implemented with the declaration of martial law. Trade and Industry Undersecretary Ted Pascua said that penalties for violating the price freeze may include revocation of license. Business owners who will be caught violating the Price Act will be charged an administrative fine of P5,000 to P1 million or a prison sentence of one to […]
by Heather SCOTT Agence France-Presse WASHINGTON, United States – Ford Motor Company shook up its top management Monday, ousting its CEO amid declining sales in major markets, pressure to ramp up technology and a flagging share price. The company named Jim Hackett, who launched and led the high-tech division developing Ford’s self-driving cars, to replace Mark Fields as president and CEO. It also named three new executive vice presidents to oversee global markets, global operations and mobility […]
by Miwa Suzuki Agence France-Presse TOKYO, Japan (AFP) — Japan has posted its longest economic expansion in over a decade, government data showed Thursday, marking a win for Tokyo’s growth bid even though its battle to conquer deflation is still far from won. The world’s number three economy grew 0.5 percent in the first quarter — or an annualized 2.2 percent. That was the fifth straight rise and up from a 0.3 percent expansion in the […]
GENEVA, Switzerland (AFP) — The largest flawless heart-shaped diamond has sold for nearly $15 million in Geneva Wednesday, breaking a world record in its category, auction house Christie’s said. The 92-carat diamond forms the center-piece of a necklace of cultured pearls. The sale price of around $14.99 million (around 13.45 million euros) is a world record for heart-shaped diamonds, Christie’s spokesperson Alexandra Kindermann told AFP. The piece was designed by Boehmer et Bassenge who have taken […]
