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TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday tracking rallies on Wall Street, with trade expected to be cautious ahead of a national holiday. The benchmark Nikkei 225 index rose 0.88 percent, or 197.69 points, to 22,614.17 in early trade while the broader Topix index was up 0.67 percent, or 11.84 points, at 1,782.97. © Agence France-Presse
NEW YORK, United States (AFP) — Global equities pushed higher on Tuesday, with leading US indices ending at fresh records as investors shrugged off continued political uncertainty in Germany. Germany’s president held talks with party leaders in a last-ditch attempt to save the EU’s top economy from the political turmoil sparked by the collapse of Chancellor Angela Merkel’s coalition talks. But equity markets were unperturbed by the uncertainty, pushing higher across Asia, Europe and the […]
NEW YORK CITY, New York (Reuters) — The 14th largest diamond in the world was displayed in New York on Tuesday (November 21) and will go up for auction in New York on December 4. The “Peace Diamond” was discovered in Sierra Leone and is 709 carats in its uncut form. “I think the idea that we trust the government of Sierra Leone today is a very important sea change in how the world is […]
SAN FRANCISCO, United States (AFP) — Uber said Tuesday hackers compromised personal data from some 57 million riders and drivers in a breach kept hidden for a year. “None of this should have happened, and I will not make excuses for it,” said a statement from chief executive Dara Khosrowshahi, who took over at the ridesharing giant in August. Two members of the Uber information security team who “led the response” that included not alerting […]
STOCKHOLM, Sweden (AFP) — Swedish carmaker Volvo Cars said Monday it has signed an agreement to supply “tens of thousands” of self-driving cars to Uber, as the ride-sharing company battles a number of different controversies. Volvo — which is owned by China’s Geely and has yet to build a self-driving system — said in a statement that it would supply Uber with “autonomous driving compatible base vehicles between 2019 and 2021.” Uber would then add […]
Reuters — A source told Reuters Monday the Justice Department will file a lawsuit blocking AT&T’s $85-billion purchase of Time Warner. Tech and telecom stocks like AT&T pushed Wall Street higher on Monday. Trading volumes could be thin this week ahead of the Thanksgiving holiday on Thursday since no big companies are reporting earnings and economic data are slim. “As we sit today going into year end, we think that the stability will continue. However, […]
by John Biers Agence France Presse NEW YORK, United States (AFP) — The euro retreated Monday on concerns about the political crisis engulfing Germany, but European and US stocks rose. At the close of trading, Frankfurt’s DAX 30 index was up 0.5 percent, bouncing back from a weaker start, France’s CAC 40 also added 0.4 percent, while London’s FTSE was up by a modest 0.1 percent. A stronger showing on Wall Street — kicking off […]
(Reuters) — China has achieved a series of breakthroughs in core electronic devices, high-end universal chips and basic software products in the past decade. China’s Ministry of Science and Technology, together with Ministry of Industry and Information Technology, held a press conference to release the achievements Monday in Beijing. In the past decade, the gap between home and abroad core electronic devices has shortened from over 15 years to five years. Independent support rate of […]
TOKYO, Japan (AFP) — Honda is recalling about 800,000 of its Odyssey minivans in the United States over faulty parts blamed for 46 minor injuries, the company said, just a month after settling a huge lawsuit on other defects. The recall, which affects the 2011-2017 models sold in the US, may later be expanded to include vehicles sold in Canada, Mexico and South Korea, spokesman Teruhiko Tatebe said. The fault relates to a latch that […]
TOKYO, Japan (AFP) — Japan’s October trade surplus shrank 40.7 percent from a year earlier as growth in exports were eclipsed by higher costs of importing crude oil and petroleum products, the government said Monday. The world’s third-largest economy logged a surplus of 285.4 billion yen ($2.5 billion), down from a 481.2-billion-yen surplus a year earlier, according to data from the finance ministry. The latest figure was modestly lower than market expectations of a 330-billion-yen […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower Monday morning following declines on Wall Street, with Toshiba plunging after the embattled Japanese conglomerate announced plans to issue new shares. The benchmark Nikkei 225 index fell 0.45 percent, or 100.80 points, to 22,296.00 in early trade, while the broader Topix was down 0.40 percent, or 6.99 points, at 1,756.77. “Since the Nikkei index has overheated in the short term, its speed adjustment is expected to continue […]
(Reuters) — 40-billion-dollars is roughly the size of Jordan’s GDP. And that’s also the amount of cash Volkswagen is going to splash in the next 5 years to gain ground in the electric and driverless car race. “We are seeing the first successes of this strategy. Volkswagen is in robust health. This is, above all, the result of great teamwork.” Volkswagen Chairman, Hans Dieter Poetsch, said. Competition in the sector is strong and VW has […]
