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NEW YORK, United States (AFP) — Global stocks ran the table on Monday, rising in New York, Europe and Asia on a mix of optimism, resilient oil prices and renewed calm on the Korean peninsula. Wall Street eked out fresh record closes in advance of this week’s Federal Reserve meeting, which is expected to announce a drawdown of its massive bond holdings, sending bond yields higher. Despite Friday’s North Korea missile test, the second in […]
by Alex Pigman Agence France Presse TALLINN, Estonia (AFP) — Google and Facebook may face higher tax bills in Europe as the EU rushed Saturday to change rules so that more of Silicon Valley’s mega profits fall into public coffers. Public anger against the billions of euros earned by online behemoths is growing louder in Europe and EU finance ministers meeting in Estonia pledged to make sure the companies pay a fairer tax. But […]
TOKYO, Japan (Reuters) — The Tokyo stock exchange showed volatile movement at the opening just hours after North Korea fired a ballistic missile that flew over Northern Japan early Friday (September 15). Both the Nikkei 225 stock market and the wider Topix markets opened slightly lower than Thursday (September 14), but both markets regained traction quickly, going up by 43.15 points within thirty minutes after trading began. The missile fired by North Korea flew over […]
BEIJING, China (AFP) — One of the biggest bitcoin exchanges in China and the world announced Thursday that it would stop all trading following new Chinese government regulations clamping down on crypto-currencies. The international value of bitcoin has plunged in recent days amid speculation that the Chinese authorities will shut down the trading platforms following last week’s ban on initial coin offerings. BTCC — China’s second bitcoin platform in terms of volume and the world’s […]
BEIJING, China (CCTV) — China’s economic performance was stable in August, according to data released by the National Bureau of Statistics on Thursday. The industrial production was as a whole stable, and the added value of above-scale industrial (enterprises with an annual prime operating revenue of 20 million yuan or above) increased 6.0 percent year on year. This was despite the fact thay growth rate was 0.4 percentage points less than the rate in July. China’s […]
NEW YORK, United States (AFP) — World stock markets mostly rose Tuesday, with Wall Street scoring fresh records as concerns over North Korea and US hurricanes faded, but London dipped as strong inflation data sent the pound to a one-year dollar peak. All three major US indices pushed to fresh records, with the S&P 500 notching a second straight peak, propelled by financial shares after bond yields rallied. Frankfurt and Paris equities also gained as […]
by Glenn Chapman Agence France Presse CUPERTINO, United States (AFP) — Apple laid claim to the future of the smartphone Tuesday with a 10th anniversary iPhone X, featuring facial recognition unlocking and other refinements, touting the device as the next generation of mobile computing. The iPhone X was one of three new iPhone models unveiled at the first event at Apple’s new “spaceship” campus, as the California tech giant sought to spark fresh momentum in […]
LONDON, United Kingdom (AFP) — Britain’s annual inflation rate accelerated in August, mainly on rising prices for motor fuels and clothing, official data showed on Tuesday, sending the pound to a year-high versus the dollar. The Consumer Prices Index (CPI) 12-month rate jumped to 2.9 percent in August compared to 2.6 percent in July, the Office for National Statistics said in a statement. “Rising prices for clothing and motor fuels were the main contributors to […]
WASHINGTON, United States (AFP) — The combined economic cost of Hurricanes Harvey and Irma could reach $290 billion, equivalent to 1.5 percent of the US gross domestic product, US forecaster AccuWeather said in a report Sunday. “We believe the damage estimate from Irma to be about $100 billion, among the costliest hurricanes of all time,” said the firm’s CEO and founder Joel Myers. Harvey, which battered Texas and parts of Louisiana in late August, […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Monday on upbeat Japanese data and a weaker yen, with the North Korea crisis in focus as the US pushes for a UN Security Council vote on tough new sanctions against the nuclear-armed state. The benchmark Nikkei 225 index rose 0.89 percent, or 171.86 points, to 19,446.68 in early trade while the broader Topix index was up 0.89 percent, or 14.16 points, at 1,607.70. “Players are relieved […]
Beijing, China (AFP) — China’s factory price inflation, a key barometer of the industrial sector, accelerated sharply in August, reflecting strong demand and a reduction in excess capacity which has plagued China’s economy. The producer price index (PPI), which measures costs for goods at the factory gate, rose 6.3 percent year on year in August, much faster than expected, official data showed Saturday. The pace of PPI expansion jumped from 5.5 percent registered in July, according to the […]
NEW YORK, United States (AFP) — Wall Street stocks finished mostly lower Friday, with technology shares especially weak, as markets girded for a second major US hurricane in less than two weeks. Florida’s highways were jammed with families fleeing their homes as Hurricane Irma honed in on the Sunshine State after killing at least 17 people across the Caribbean. “With this Irma storm bearing down on Florida, it is creating a lot of near term […]
