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TOKYO, Japan (AFP) — Tokyo stocks lost ground Friday morning as a strong yen weighed on exporters and Wall Street had a mixed performance. The blue-chip Dow Jones Industrial Average hit a tenth consecutive all-time high to break a 30-year record, but the S&P 500 barely rose and the tech-heavy Nasdaq declined. US stocks have been on a record run since President Donald Trump took office last month, with investors cheered in recent days by […]
by Andrew BEATTY Agence France-Presse WASHINGTON, United States (AFP) – President Donald Trump took the first step Friday to undoing key reforms enacted after the 2008 financial crisis, aiming to scale back toughened regulations on the banking industry. The initiative aims to scrap parts of the so-called Dodd-Frank law, which backers say is aimed at curbing the actions of the finance sector that led to the “Great Recession,” but which critics claim creates red tape […]
NEW YORK, United States (AFP) — US stocks retreated and the dollar fell against most currencies Thursday in the final session before the inauguration of President-elect Donald Trump. Equities elsewhere were mixed, with Japan’s Nikkei climbing on a weaker yen, while European equities fell modestly after the European Central Bank kept interest rates low and adopted a generally dovish stance on monetary policy. Some analysts described heightened uncertainty about Trump among investors in the US, […]
HONG KONG, China (AFP) — Tokyo followed Wall Street lower Thursday and oil edged down from recent highs as Toshiba’s stock plunged for the third straight day. The Dow receded after nearing the historic 20,000 benchmark with shares of some banks falling more than one percent after the stock prices had won outsized gains in the rally seen since US election day. Tokyo saw the biggest fall in Asia-Pacific Thursday with Japanese stocks down one […]
SAN FRANCISCO, United States (AFP) — Facebook on Wednesday delivered another blockbuster earnings performance, showing solid growth in mobile ad revenues as the social network expands into new services. While Facebook topped Wall Street expectations in the quarter, shares dove more than eight percent to $116.54 after an earnings call during which executives warned that revenue growth should be more tempered next year and that the company planned to invest heavily in engineers and data-centers for […]
TOKYO, Japan (AFP) — Tokyo stocks opened sharply lower Monday as the yen soared on weak US growth data and after the Bank of Japan disappointed markets with underwhelming tweaks to its stimulus programme. On Wall Street, US equities ended mostly in the black on Friday following strong earnings from major technology companies, despite weaker-than-expected quarterly growth figures from the world’s top economy. Official US data estimated second quarter growth at an annual rate of […]
(REUTERS) U.S. President Barack Obama formally endorsed Hillary Clinton’s White House bid on Thursday and called for Democrats to unite behind her after a protracted battle with Bernie Sanders for the party nomination. U.S. Senator Elizabeth Warren of Massachusetts also backed Clinton on Thursday, telling MSNBC’s “The Rachel Maddow Show” that presumptive Republican presidential nominee Donald Trump was “a genuine threat to the country.” Clinton, the presumptive Democratic nominee, said it “means the world” […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower Friday, as a stronger yen dented exporters and Wall Street disappointed. US equities fell on Thursday after a recent rally in oil prices fizzled, offering a weak lead to Japanese stocks at the start of the global day. The benchmark Nikkei 225 index at the Tokyo Stock Exchange dropped 0.90 percent, or 146.40 points, to 16,050.40 in opening deals, after a 2.28-percent jump the previous day. The […]
Japan’s Nikkei average went up 240.29 to 16949.19, while the broader Topix rose 23.08 points to 1383.31. South Korean shares bounded up early on Wednesday, helped by an overnight bounce on Wall Street and in crude oil prices while retail investors scrambled for bargains but gains were capped by weak China stocks and the pending outcome of a U.S. Federal Reserve meeting. The Korea Composite Stock Price Index (KOSPI) was up 0.7 percent at 1,1884.61 […]
Battered crude oil prices bounced back from their lows on Thursday (January 21, 2015), propelling solid gains in Asian shares and the dollar. Thursday’s gains built on Wall Street’s consolidation overnight in which major indexes finished with declines of more than 1 percent, but well off the 3 percent plus they plumbed in the previous session when U.S. crude had dropped to 2003 lows. Japan’s benchmark Nikkei average added 0.5 percent early after plunging 3.7 […]
Asian shares slid to their lowest levels since late 2011 on Monday (January 18) after weak U.S. economic data and massive falls in oil prices stoked further worries about a global economic downturn. Oil prices fell as much as four percent on Monday, with international benchmark Brent futures falling below $28 per barrel, touching their lowest level since 2003. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.0 percent in early trade, extending its […]
Japan’s Nikkei share average tumbled 4 percent on Thursday (January 14) morning after Wall Street languished on worries about weak oil prices and a slowdown in the global economy, battering global cyclical stocks such as exporters. The Nikkei 225 stumbled 3.7 percent to 17,063.21 in mid-morning trade after hitting as low as 17,004.12, the lowest since late September of 2015. If the benchmark index falls below 16,901.49, an intraday low marked on September 29, 2015 […]
