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NEW YORK, United States (AFP) — Wall Street roared back into record territory Tuesday following strong earnings from leading industrial companies, while European equities edged higher ahead of a key ECB meeting. The Dow Jones Industrial Average jumped to its sixth record in seven sessions following huge gains by Caterpillar and 3M following strong earnings. The Dow’s 0.7 percent rise came one day after US equities had faltered in a rare pullback from a record-rich […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Wednesday, with the benchmark index extending the longest winning streak in its nearly 70-year history as Japan kicked off its latest corporate earnings season. The Nikkei 225 rose 0.37 percent, or 80.78 points, to 21,885.95 in early trade, while the broader Topix index gained 0.34 percent, or 5.99 points, to 1,762.91. © Agence France-Presse
by John Biers Agence France Presse NEW YORK, United States (AFP) — McDonald’s turned in another strong round of earnings Tuesday following heavy promotions in the US as it ramps up tech-focused home-delivery and mobile pay initiatives. The fast food giant scored a solid six percent jump in global comparable sales, fueled by gains in several key markets, including the United States, China, Britain and Canada. “We’re building a better McDonald’s and winning back customers,” […]
(Eagle News) – Amazon announced earlier this year that it plans to expand in Jacksonville by building an 800,000 square foot fulfillment center. The City of Jacksonville enticed the retail giant with its $18 million in tax breaks providing an economic impact to the city that is worth about $200 million. “Jacksonville has all the attributes that make for a great place to do business,” Mayor Lenny Curry stated, “including a strong labor force, a […]
by Kyoko Hasegawa Agence France-Presse CHIBA, Japan (AFP) — Toshiba’s president Tuesday apologized “sincerely” over the $18-billion sale of its prized memory chip business, as shareholders demanded answers over the deal seen as pivotal to the survival of one of Japan’s best-known firms. Bowing deeply at the start of a tense shareholders’ meeting, Satoshi Tsunakawa said: “We sincerely apologise for causing problems and worry.” More than 600 investors poured into the meeting as they voted in favour […]
HONG KONG, China (AFP) — Shares in Hong Kong fell again at the open on Tuesday following a retreat from record highs in New York and in line with a broad sell-off across Asia. The Hang Seng Index slipped 0.26 percent, or 73.26 points, to 28,232.62. The benchmark Shanghai Composite Index inched down 1.49 points to 3,379.21, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, was 0.30 percent, or 5.99 points, lower at 2,006.06. […]
By Caesar Vallejos Eagle News Service First Gen Corporation was recognized as the “Green Company of the Year” by ADEC Innovations at the 2017 Asia CEO Awards at the Marriott Grand Ballroom held last October 17, 2017. ADEC Innovations Chief Operating Officer for Asia, David Young and General Manager-Philippines, Jurgen Tanpho were present at the ceremony to honor the winner. Now on its fourth consecutive year, the ADEC Innovations Green Company of the Year award […]
NEW YORK, United States (AFP) — Most business economists predict that US economic growth will surpass two percent over the next year, despite softening in some business conditions, according to a survey released Monday. The improving forecasts for US growth come amid a weakening profit outlook and continued uncertainty over thorny debates in Washington on trade and tax policy, said the National Association for Business Economics, summarizing a quarterly survey of 85 economists. “Policy developments, including those […]
TOKYO, Japan (AFP) —Tokyo’s benchmark stock index extended a record winning streak on Monday as Japanese Prime Minister Shinzo Abe’s victory in a snap election pushed the yen down and boosted exporters. The Nikkei 225, which on Friday posted a 14th straight day of gains to match a record set in 1961, added 1.15 percent, or 246.51 points, to sit at 21,704.15 in early trade. The broader Topix index was up 0.96 percent, or 16.70 points, […]
by John Biers Agence France-Presse NEW YORK, United States (AFP) – General Electric’s newly-installed chief executive vowed Friday to do whatever it takes to turn around the industrial giant after weak quarterly results initially sent shares plunging. “It’s clear we need to make some major changes,” John Flannery said. “Our results are unacceptable to say the least.” Flannery, who replaced Jeff Immelt over the summer, faced tough questions from analysts after GE reported lower third-quarter earnings and […]
(Eagle News) — The country’s biggest online stockbroker firm on Friday reported a “possible breach in its system involving some personal client information.” In an e-mail to its clients, Col Financial assured its over 200,000 clients, however, of the “integrity of (their) account balances and stock positions.” It also assured them that their “account transactions have not been compromised.” “In addition, we have internal control procedures that prevent unauthorized withdrawals from your account,” it said. […]
TOKYO, Japan (AFP) — Tokyo stocks ended flat Friday morning following the benchmark index posted its longest string of gains in nearly 30 years, while Nissan dropped after it suspended production citing an inspection scandal. The Nikkei 225 inched up 3.26 points to 21,451.78 by the break, while the broader Topix index was just 0.35 points higher at 1,730.39. “There is no surprise to see profit-taking,” said Hikaru Sato, senior technical analyst at Daiwa Securities. […]
