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TOKYO, Japan (AFP) — Confidence among Japan’s biggest manufacturers fell sharply this quarter, the Bank of Japan’s quarterly business survey showed Monday, suggesting a stuttering recovery for the world’s third-largest economy. The central bank’s April Tankan report — a quarterly survey of about 10,000 companies — showed a reading of 12 among major manufacturers, a steep fall from 19 in the previous quarter. Economists say a slowdown in the Chinese economy was partly to blame, with […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday in cautious trade as investors hunted for bargains with a lack of fresh events to support the market after slides in US shares. The benchmark Nikkei 225 index edged up 0.23 percent, or 49.79 points, to 21,499.18 in early trade, while the broader Topix index was up 0.15 percent, or 2.41 points, at 1,619.61. “As the Japanese market fell yesterday ahead of the slides in […]
TOKYO, Japan (AFP) — Tokyo stocks closed lower on Tuesday following recent gains fueled by optimism over the China-US trade talks, while analysts also said news of Indian air strikes in Pakistan-controlled Kashmir weighed on the market. The benchmark Nikkei 225 index, slipped 0.37 percent, or 78.84 points, to 21,449.39 while the broader Topix index was down 0.23 percent, or 3.67 points, at 1,617.20. Shares have enjoyed healthy buying of late, thanks to hopes that […]
WASHINGTON, United States (AFP) — The US packaged food giant Kraft Heinz has announced a $15.4 billion write down on some of its most iconic brands, reflecting a big change in what people like to eat. In its fourth quarter earnings report, the company said Thursday that the write-down resulted in a net loss of $12.6 billion. The company also announced it was subpoenaed late last year by the Securities and Exchange Commission over its […]
HONG KONG, China (AFP) — Asian markets were mixed Friday following losses on Wall Street as optimism over the China-US trade talks was trumped by a weak round of US data that revived concerns about economic growth. With high-level negotiations between the world’s top economies still taking place in Washington there has been little concrete news about their progress, though some reports have said the two are heading towards an eventual deal. The lack of […]
TOKYO, Japan (AFP) — Tokyo stocks turned down Thursday after three days of gains as investors found few fresh buying pegs after dovish signals from the US central bank. The Nikkei 225 index opened slightly higher as Wall Street stocks edged up, following cues from the Federal Reserve. But the Tokyo benchmark soon fell into negative territory and lost 0.27 percent or 58.93 points to 21,372.56 in the first 30 minutes of trade. The broader Topix […]
HONG KONG, China (AFP) — Asian markets were mixed Thursday after the Federal Reserve left open the possibility it could lift interest rates this year, while investors kept an optimistic eye on China-US trade talks. Equities and other risk assets have enjoyed a stellar start to the year on hopes for the negotiations as well as expectations the US central bank will slow its pace of monetary tightening — with some even tipping a cut […]
by Glenn CHAPMAN Agence France-Presse SAN FRANCISCO, United States (AFP) — Samsung on Wednesday is expected to unveil new flagship smartphones including one with a screen that can fold closed like a book as it seeks to boost the moribund market. Much of what is in store at a Galaxy Unpacked event that the South Korean consumer electronics giant is hosting in San Francisco has been revealed in leaks, including a Galaxy 10 television commercial […]
TOKYO, Japan (AFP) — Tokyo stocks rose for a third straight session on Wednesday, supported by a solid performance on Wall Street and hopes for progress in US-China trade talks. The benchmark Nikkei 225 index added 0.60 percent, or 128.84 points, to close at 21,431.49 while the broader Topix index was up 0.43 percent, or 6.95 points, at 1,613.47. “Investors were encouraged by growing expectations that the US-China trade talks will make progress,” Toshikazu Horiuchi, a […]
by Elaine YU Agence France-Presse HONG KONG, China (AFP) — Banking giant HSBC said on Tuesday that pre-tax profit rose last year but it suffered a bruising final quarter as worries over the global economy and the US-China trade war began to bite. The London-headquartered behemoth told investors it was still aiming to meet targets despite the looming twin storms of Brexit and the long-running trade impasse between Washington and Beijing. But analysts warned it […]
HONG KONG, China (AFP) — Asian markets mostly rose Tuesday with investors cautiously optimistic that China and the US can reach a deal ending their trade war as the two sides prepare to resume talks this week. With New York closed for a public holiday there were few catalysts to drive buying, though the release of Federal Reserve minutes on Wednesday will be pored over for an idea of the bank’s interest rate plans. Top-level […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Tuesday as investors were seen taking a wait-and-see attitude after a holiday in the US market with a lack of fresh clues for trading. The benchmark Nikkei 225 index was down 0.12 percent or 25.75 points at 21,256.10 in early trade, while the broader Topix index was lower by 0.10 percent or 1.61 points at 1,600.35. “Japanese shares are dominated by a wait-and-see attitude after the […]
