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NEW YORK, United States (AFP) — Sporting goods giant Nike announced a new CEO on Tuesday to take over from Mark Parker, who will continue to lead the company’s board of directors. John Donahoe will replace Parker as president and chief executive officer effective January 13, Nike said in a statement. Parker, who has served as CEO since 2006, and as chairman, president, and CEO since 2016, “will become executive chairman and continue to lead […]
HONG KONG, China (AFP) — Asian markets mostly rose Tuesday on growing optimism that China and the US will sign a partial trade deal next month, while the pound held firm around five-month highs as dealers bet Britain will leave the EU with a Brexit agreement. Donald Trump reinforced hopes Monday that he and Xi Jinping will be able to put pen to paper on a mini pact, saying China had already begun promised purchases […]
NEW YORK, United States (AFP) — Global stocks rallied Friday as US-China trade negotiations yielded a partial deal, while the British pound surged for a second straight session on signs that London and Brussels could still avert a no-deal Brexit. The US-China agreement, announced in the closing minutes of Friday’s Wall Street session, halts new US tariffs that were scheduled to go into effect next week and includes a Chinese promise to ramp up purchases […]
NEW YORK, United States (AFP) — Retail giant Walmart said Friday it would stop selling e-cigarettes in its US stores amid a growing crackdown on flavored vaping products to deter an ever growing number of young users. “Given the growing federal, state and local regulatory complexity and uncertainty regarding e-cigarettes, we plan to discontinue the sale of electronic nicotine delivery products at all Walmart and Sam’s Club US locations,” the world’s leading retail chain said […]
by Jürgen HECKER Agence France-Presse NW YORK, United States (AFP) — Global stock markets rallied on Tuesday and oil prices surged in a wave of relief after US President Donald Trump delayed tariffs on key consumer items from China, giving investors hope for some detente in the US-China trade war. The announcement caused a dramatic turnaround in equity markets, which had retreated earlier under the combined impact of tensions in Hong Kong, economic crisis in […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday, following rises on Wall Street, as concerns over the US-China trade row eased after President Donald Trump delayed tariffs on key Chinese goods. The benchmark Nikkei 225 index climbed 0.98 percent or 200.21 points to 20,655.65 in early trade while the broader Topix index was up 0.90 percent or 13.36 points at 1,499.93. “Japanese shares will be bought following the gains in US shares prompted […]
HONG KONG, China (AFP) — Asian markets largely fell Tuesday, but pared back heavy losses following a rout on Wall Street as investors fretted over the US-China trade war. A sharp fall in the Chinese yuan’s value against the dollar — breaching the 7.0 level seen as a key threshold by investors — prompted Washington to formally designate Beijing as a currency manipulator. Tensions have escalated since US President Donald Trump last week announced fresh […]
WASHINGTON, United States (AFP) — Amazon said Monday it was offering employees $10,000 to quit their jobs and become independent package delivery entrepreneurs for the online retail colossus. An Amazon statement said the latest incentive would also include three months of wages for employees who want to start their own delivery enterprise, and that they would be assured “consistent delivery volume” from the company. The move comes with Amazon seeking to reduce its dependence on […]
by Ryan MCMORROW BEIJING, China (AFP) — With the eyes of the world on Washington for this week’s high-stakes trade talks between China and the United States, none will be more focused than those of Chinese exporters who are increasingly worried about the impact of more tariffs. Companies shipping a range of products from seafood to furniture are among those in the firing line as the economic superpowers try to resolve a trade war that […]
by Jürgen HECKER Agence France-Presse NEW YORK, United States (AFP) — Stock markets on both sides of the Atlantic pushed higher on Friday following strong earnings from JPMorgan Chase and the launch of a new Disney streaming service that wowed Wall Street. Wrong-footing financial sector watchers who had warned of a “not that great” earnings season for banks, JP Morgan reported higher first-quarter profits on Friday, pointing to a still-solid US economy reflected in more […]
NEW YORK, United States (AFP) — Boeing announced Friday it would cut the production schedule of its 737 aircraft line following the two recent crashes that have seen the 737 MAX grounded worldwide. The aerospace giant plans to trim production to 42 planes per month, down from 52 per month, starting in mid-April. Boeing shares tumbled after the disclosure, which was released just after the closing bell on Wall Street. Boeing also announced it was […]
by Catherine LAI HONG KONG, China (AFP) — Cathay Pacific’s purchase of rival HK Express was an inevitable plunge into the no-frills market as the premier marque belatedly faces the reality that it can no longer ignore the budget sector, analysts say. Asia’s biggest international carrier has historically eschewed the low-cost sector, even as the region’s rising middle class has fuelled an unprecedented boom in air travel and demand for cheaper routes. But last week […]
