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HONG KONG, China (AFP) — Asian equities stabilized Thursday following a modest rebound in energy and tech stocks on Wall Street, with US markets closed for the Thanksgiving holiday. But analysts warned the tepid uplift in New York Wednesday should not be interpreted as a sign of the start of a recovery from the recent carnage on global stock markets. Investor sentiment remains fragile following the volatility that has swept markets since October, while the […]
TOKYO, Japan (AFP) — Tokyo prosecutors confirmed Tuesday that they had arrested auto industry titan Carlos Ghosn a day earlier on allegations he under-reported his income over the course of several years. In a statement, prosecutors said Ghosn had reported income of 4.9 billion yen ($51.5 million) over five years when his actual income for that period had been nearly 10 billion yen. © Agence France-Presse
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Tuesday with shares in Nissan diving more than six percent and Mitsubishi also plunging after chairman Carlos Ghosn was arrested over allegations of financial misconduct. The benchmark Nikkei 225 index was down 1.08 percent or 235.19 points at 21,585.97 in early trade, while the broader Topix index was down 0.97 percent or 15.91 points at 1,621.70. Nissan shares traded 6.05 percent lower at 944.6 yen after dipping […]
by Natsuko FUKUE Agence France Presse YOKOHAMA, Japan (AFP) — Nissan chairman Carlos Ghosn faces being fired this week after being arrested in Japan over allegations of financial misconduct, the firm said Monday, in a stunning fall from grace for one of the world’s best-known businessmen. Ghosn’s arrest and his likely dismissal from Nissan, as well as possibly from Mitsubishi and Renault, sent shockwaves through the auto industry, where he is a towering figure, credited […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday as investors refocused on sound corporate earnings helped by optimism about trade, but there were still lingering concerns about issues including Italian politics. The benchmark Nikkei 225 index was up 0.17 percent, or 37.51 points, at 21,717.85 in early trade while the broader Topix index was up 0.11 percent, or 1.77 points, at 1,631.07. Investors in Tokyo appeared to take heart from hopeful comments on […]
HONG KONG, China (AFP) — Asian investors moved nervously Thursday as they struggled in the face of multiple headwinds, while oil prices resumed their drop and the pound struggled to hold its gains. Fears about the China-US trade war, rising Federal Reserve interest rates, tensions within the European Union and slowing growth in most economies have helped drive stocks south for the past few months. And this week it has been the turn of the […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday, rebounding from the previous day’s sharp drops on news of US-China trade talks and Britain’s announcement of a draft exit deal with the European Union. The benchmark Nikkei 225 index, which ended down more than 2.0 percent on Tuesday, rose 0.51 percent or 111.27 points, to 21,921.79 in early trade while the broader Topix index was up 0.56 percent or 9.19 points at 1,647.64. Overnight […]
TOKYO, Japan (AFP) — Japan’s economy shrank in the three months to September, official data showed Wednesday, after a string of natural disasters hit consumer spending and exports, and China’s slowing economy cast a shadow. Gross domestic product for the July-September period contracted 0.3 percent from the previous quarter, reversing growth of 0.8 percent in the April-June period, according to the government’s Cabinet Office. A number of natural disasters dampened personal consumption, company investment and […]
TOKYO, Japan (AFP) — Japan and the United States will negotiate a bilateral trade agreement that will serve as a “model” for other countries, US Vice President Mike Pence said Tuesday in Tokyo. Speaking after talks with Japanese Prime Minister Shinzo Abe, he reiterated Washington’s position that US businesses have faced unfair obstacles in Japan. “The United States has had a trade imbalance with Japan for too long. American products and services too often face […]
TOKYO, Japan (AFP) — A Japanese television station has cancelled a performance by the wildly popular Korean boyband BTS, after controversy erupted over a shirt worn by a member appearing to show the mushroom cloud created by an atomic bomb. The international superstars were due to perform on TV Asahi on Friday, but the station abruptly cancelled the show after a photo of member Jimin wearing the shirt went viral. “BTS’s appearance scheduled for the […]
by Shingo ITO Agence France-Presse TOKYO, Japan (AFP) — Japanese car giant Toyota upgraded its full-year forecast Tuesday, as the firm posted a 16-percent gain in net profit for the six months to September thanks to steady global sales and cost-cutting efforts. The maker of the Camry sedan and Prius hybrid revised upward its net profit forecast to 2.3 trillion yen ($20.3 billion) from its earlier estimate of 2.12 trillion yen for the year to […]
HONG KONG, China (AFP) — Asian markets were mixed Tuesday as focus turned to the US midterm elections, which could impact Donald Trump’s presidency, while Apple suppliers were hit by reports the tech titan had cancelled plans to ramp up output of its new iPhone. The US goes to the polls in the first major electoral test for Trump since he took the White House and embarked on an “America First” agenda that has split […]
