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NEW YORK CITY, USA (Reuters) — Shares in Apple took a late knock on Thursday (September 8), after a report in the Wall Street Journal that the iPhone 8 has hit production glitches that could push manufacturing back by about a month. The story says Apple could face shipping delays and supply shortages after the new phone makes its debut next week, a potential downer for fans as they look forward to the iphone’s 10th […]
NEW YORK, United States (AFP) – The US central bank can continue to raise interest rates gradually, despite persistent low inflation that could suggest a fundamental change in the economy, a top Federal Reserve official said Thursday. New York Fed President William Dudley said while he has been surprised that inflation has remained stubbornly below the central bank’s two percent target even as the economy has grown steadily, that has not changed his basic […]
MEXICO CITY, Mexico (AFP) — Royal Dutch Shell said Wednesday it would invest $1 billion in Mexico over the next decade, after the oil giant opened its first retail gas station in the country. The investment in the world’s fifth-biggest consumer of gasoline depends on market conditions continuing to develop at their current rates, said Shell executive Istvan Kapitany. The money is earmarked for “expanding and improving the retail network, improving fuel logistics infrastructure and […]
TOKYO, Japan (AFP) — Tokyo stocks slipped Wednesday morning on lingering worries over North Korea, with the yen strengthening against its major peers due partly to its status as a safe haven currency. The benchmark Nikkei 225 index fell 0.31 percent, or 59.94 points, to 19,325.87 by the break — a four-month low — while the broader Topix index was down 0.20 percent, or 3.20 points, at 1,587.51. “No one knows if the issues around […]
TOKYO, Japan (AFP) — Tokyo stocks dropped Tuesday morning, with investors keeping a nervous eye on any fresh developments in the North Korea nuclear crisis. Traders stayed on alert as South Korea said there were signs the North was preparing another rocket launch, possibly an intercontinental ballistic missile similar to the one fired over Japan last week. Tensions on the Korean peninsula spiked after Pyongyang conducted its sixth nuclear test on Sunday — sparking global […]
HONG KONG, China (AFP) — Asian markets struggled on Tuesday while the safe-haven yen and gold held gains as traders fret over North Korea’s nuclear test at the weekend, which prompted warnings of US military action. The US ambassador to the United Nations Nikki Haley told an emergency Security Council meeting that Pyongyang was “begging for war” and called for the “strongest possible measures” against Kim Jong-Un’s regime. Also, US President Donald Trump and his […]
HONG KONG, CHINA (AFP) — Asian stocks tumbled with the South Korean won Monday while the safe haven yen rallied on news that North Korea had tested what it claimed was a miniaturized hydrogen bomb, ramping up tensions on the peninsula. Less than a week after it rattled global markets by firing a rocket over Japan, Pyongyang on Sunday conducted its sixth nuclear test, sparking further condemnation and a warning from defence secretary Jim […]
WASHINGTON, United States (AFP) — Japanese carmaker Honda reached a $605 million settlement in a lawsuit over defective airbags in millions of cars on American roads, the legal team for the victims said Friday. Honda joins Nissan, Toyota, BMW, Mazda and Subaru in agreeing a deal to settle a lawsuit, replace the defective airbags from now-bankrupt Takata, and to compensate car owners. The latest agreement was filed in the US District Court in Miami. Peter […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Friday, tracking gains on Wall Street as worries subsided over Hurricane Harvey and North Korea, with investors awaiting US jobs data later in the day. Trade would be cautious ahead of the release of US data including key jobs figures Friday, analysts said. The dollar fetched 110.10 yen in early Asian trade, from 109.97 yen in New York. “The market is closely watching” the US nonfarm payrolls […]
by Glenn Chapman Agence France Presse SAN FRANCISCO, United States (AFP) — Apple sent out invitations Thursday to a September 12 media event at which the US tech giant is expected to unveil new iPhone models for the 10th anniversary of the culture-changing smartphones. The keenly anticipated event will be the first to take place in the Steve Jobs Theater at its new “spaceship” campus in Silicon Valley. In trademark style, Apple revealed little in […]
NEW YORK, United States (AFP) — Wall Street forged higher on Thursday, with Nasdaq hitting a new record while oil stocks shrugged off hurricane worries and economic data suggested another interest rate increase was less likely. And markets were cheered after Treasury Secretary Steven Mnuchin also said he expects to complete a tax reform plan this year, with a substantial reduction in taxes paid by corporations. At the close, the blue-chip Dow Jones Industrial Average […]
TOKYO, Japan (AFP) — Toshiba said Thursday that three groups are vying for its memory chip business, as reports said Apple has jumped into the race with a consortium offering to pay about $20 billion for the unit. The loss-hit conglomerate said bidders include a group led by US investment fund Bain Capital and Japanese state-backed investors and another that includes Taiwan’s Hon Hai Precision, better known as Foxconn. A third consortium includes Western Digital, […]
