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TOKYO, Japan (AFP) — Tokyo stocks rose Monday morning with sentiment lifted by upbeat talks over the weekend between US President Donald Trump and Japanese Prime Minister Shinzo Abe. The new US leader dropped previous harsh rhetoric towards Tokyo over trade and currency issues, and reiterated America’s commitment to Japan’s security after North Korea launched a ballistic missile. Trump had earlier accused Japan of devaluing its currency to boost exports, grouping it with other countries […]
HONG KONG, China (AFP) — Asian markets built on a global rally on Monday following another record close in New York as traders welcomed Donald Trump’s promise of details on tax reform and his softer tone on China and Japan. Shares soared at the end of the week after the new US president finally broke his silence over fiscal policy, saying he would unveil a “phenomenal” tax plan within three weeks. That was followed by […]
TOKYO, Japan (AFP) — Tokyo stocks slipped Wednesday morning as an uptick in the yen hit exporters while energy shares dropped on falling oil prices. Japan’s main equity markets opened in positive territory on the back of a rise in New York, where the Nasdaq hit a record higher after Apple reported strong earnings last week. But the dollar edged down to 112.12 yen from 112.46 yen, hitting demand for shares of Japanese exporters, which […]
HONG KONG, China (AFP) — Asian markets mostly fell Tuesday, with concerns about upcoming European elections and Donald Trump’s unpredictable presidency fuelling uncertainty. With investor nerves shredded by a succession of outbursts from the new US president, safe-haven assets rose. Gold pushed higher and while the yen eased from three-month highs against the dollar it continued to hold recent gains. The weakness across markets is in contrast to the two-month rally that followed Trump’s election […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday with investor sentiment buoyed by solid US job gains and a move by President Donald Trump to roll back financial regulations. US non-farm payrolls for January came in above forecast at 227,000 new jobs on Friday, with hiring up in retail, construction and the financial sector, the Labor department said. Trump ordered a review of key reforms enacted after the 2008 financial crisis, in the first […]
HONG KONG, China (AFP) — The global rally in stocks pushed into another day, with Tokyo leading a surge in Asian markets Thursday following another record close on Wall Street that saw the Dow hit a historic milestone. After weeks of unease across trading floors, investors around the world have refound the optimism that fuelled a surge in the two months after Donald Trump was elected president. The latest lease of life comes after the […]
CANBERRA, Australia (Reuters) — Asian TPP nations announced on Tuesday (January 24) they were looking for ways to save the multi-country trade pact in the wake of U.S. President Donald Trump’s decision to pull his country out of it. Fulfilling a campaign pledge Trump signed an executive order in the Oval Office on Monday (January 23) pulling the United States out of the 2015 TPP agreement and distancing the United States from its Asian allies. […]
TOKYO, Japan (Reuters) — Japan’s Nikkei dropped 1.3 percent on Monday (January 23) as investors were on the defensive over worries about President Donald Trump’s protectionist policies which outweighed optimism that he will follow through on promises of tax cuts and other stimulus. The benchmark Nikkei average was at 18938.45 down 199.46 yen at the beginning of the trade on Monday. South Korean stocks opened slightly higher with the Korea Composite Stock Price Index (KOSPI) up […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Monday with a strong yen pushing exporters down while investors waited to see details of the new US president’s economic policies. The benchmark Nikkei 225 index lost 0.99 percent, or 189.64 points, to 18,948.27 in the first few minutes while the Topix index of all first-section issues was down 1.04 percent, or 15.89 points, to 1,517.57. © 1994-2017 Agence France-Presse
TOKYO, Japan (AFP) — Japanese shares ended the morning lower Monday as Takata was hit by the firm’s agreement to plead guilty to fraud and pay $1 billion to settle a deadly airbag scandal. The volatile stock dropped nearly 10 percent to 956 yen ($8.40), after soaring more than 16 percent Friday ahead of the expected announcement. At the lunch break, Tokyo’s benchmark Nikkei index was down 0.91 percent, or 175.38 points, at 19,111.90, while […]
MANILA, Jan. 8 – The Philippines would continue to enjoy low interest rates for so long as the country’s macroeconomic fundamentals are kept intact, the Department of Finance (DOF) said. Based on the DOF Economic Bulletin submitted to Finance Secretary Carlos Dominguez III, maintaining good macroeconomic fundamentals is the best way to keep the local interest rates down as the US Federal Reserve raises its key policy rate. Dominguez pointed out, however, that the Philippines’ stable […]
MANILA – President Rodrigo Duterte wooed a group of business leaders in Singapore by discussing the many developments and reforms in the Philippines especially in the key growth sectors: energy and infrastructure. “The Philippines is open for business and we welcome what you have to offer,” the President told them at the Jurong Ballroom of the Shangri-la Hotel in Singapore on Friday, Dec. 17. This would mean more investments and encouraging competition, putting an end […]
