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NEW YORK, United States (AFP) — Wall Street’s vaunted Dow Jones Industrial Average was a lonely bright spot in the West on Tuesday as stocks were mainly down following an Asian rally. European equities markets retreated on worries over simmering Middle East tensions, sparked by a Saudi Arabian political crackdown that sent oil prices soaring on Monday. Wall Street opened higher and the Dow just barely scraped into positive territory at the close of trading, […]
TOKYO, Japan (AFP) — Japanese car giant Toyota Tuesday logged a jump in its first-half net profits and revised up its bottom-line forecast for the whole year, citing a cheaper yen and cost-cutting efforts. Japan’s number-one carmaker said its net profit gained 13.2 percent to 1.07 trillion yen ($9.4 billion) for the six months to September on sales of 14.2 trillion yen, up 8.6 percent. The Prius maker now expects to bank a net profit of 1.95 trillion […]
SINGAPORE, Singapore (AFP) — Oil prices made rapid gains overnight as geopolitical tensions surged between Saudi Arabia and Iran, sparking fears of a conflict that could disrupt supplies from two major producers. But prices retreated slightly in early Asian trade on Tuesday as traders engaged in profit-taking after both products reached levels not seen in over two years. “Tensions between Iran and Saudi Arabia look to be a major disruptor with markets concerned that supply […]
HONG KONG, China (AFP) — Asian markets rose Tuesday, tracking records on Wall Street as investors appeared to shrug off nervousness over tensions on the Korean peninsula, with US President Donald Trump visiting Seoul. US stocks hit fresh highs for the second straight day while London’s FTSE 100 also powered to a new record close. The positive trend continued in Asia, where markets edged up despite concerns that Trump’s two-day visit to South Korea would […]
SYDNEY, Australia (AFP) — Australia’s sharemarket Tuesday broke above 6,000 points for the first time since the global financial crisis, pushing past a psychological barrier amid optimism about the world economy. The benchmark S&P/ASX 200 briefly passed 6,000 in mid-day trading, after failing to breach the level in several attempts over recent years. The market plunged below 6,000 in 2008 as the financial crisis sent shock waves through global markets. “We are going through this […]
BERLIN, Germany (AFP) — The maker of the chocolate and hazelnut spread Nutella acknowledged Monday adjusting its formula following a report by a German consumer group. The Hamburg Consumer Protection Centre said on its Facebook page that a jar of spread made by the Italian chocolate firm Ferrero now contains 8.7 percent powdered skim milk, compared to 7.5 percent previously, based on an analysis of the product label. Ferrero, via its German subsidiary, said it […]
WASHINGTON, United States (AFP) — The US Supreme Court on Monday upheld a $120-million patent award Samsung was ordered to pay Apple in the latest ruling in a series of legal skirmishes between the top two smartphone makers. The US justices let stand without comment a 2016 appeals court verdict reinstating the award for Apple, which sued Samsung over patents for “slide to unlock” and other features used on smartphones. The case is separate from […]
NEW YORK, United States (AFP) — US stocks cruised to fresh records for the second straight day on Monday amid a tech-sector mega-merger and the opening debate in Congress on a Republican plan for deep corporate tax cuts. Oil stocks also rose as crude prices hit a two-year high on political upheaval in Saudi Arabia. The blue-chip Dow Jones Industrial Average finished up less than a tenth of a percentage point at 23,549.1 and the […]
HONG KONG, China (AFP) — Asian stocks mostly fell Monday morning, as US President Donald Trump lashed out at “not fair and open” trade practices and China’s central bank governor warned of excessive debt. Trump began his marathon Asia tour in earnest Monday by criticising the trade relationship with Japan, saying that the close Washington ally had been “winning” for decades at the expense of the United States. In particular, Trump’s criticism of “massive trade […]
by Issam AHMED Agence France-Presse WASHINGTON, United States (AFP) — US Commerce Secretary Wilbur Ross has business ties to a shipping firm linked to Vladimir Putin’s inner circle, according to a vast leak of financial documents that also revealed Britain’s Queen Elizabeth II’s investments in tax havens. It was also revealed that Canadian Prime Minister Justin Trudeau’s top fundraiser and senior advisor Stephen Bronfman, heir to the Seagram fortune, moved some $60 million to offshore […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday, as investors were encouraged by gains on Wall Street and brisk corporate results reported recently by Japanese companies. The benchmark Nikkei 225 index edged up 0.35 percent, or 77.97 points, to 22,617.09 in early trade while the broader Topix index was up 0.21 percent, or 3.68 points, at 1,797.76. Japanese shares are being boosted “by the expanding global economy and good earnings reports by companies […]
BEIJING, China (Reuters) — Wen Qinle, a 29-year-old mobile accessory shop owner in China, who has been in the business for ten years, said that he had stocked-up forty cases and one hundred screen protectors for Apple’s iPhone X which launched on Friday (November 3). The businessman is expecting the latest iteration of the iPhone to help lift sales after Apple said pre-orders for the the ten-year edition handset have been “off the charts”, following […]
