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TOKYO, Japan (AFP) — Tokyo stocks opened lower on Wednesday as the yen edged up against the dollar, weighing on Japanese exporters. The dollar was down at 113.65 yen, compared with 113.95 yen in New York on Tuesday and 114.42 yen in Tokyo on Tuesday. Anticipation is high ahead of Wednesday’s congressional testimony from Federal Reserve Chair Janet Yellen, who is expected to update lawmakers on the outlook for the economy and further interest rate […]
ISTANBUL, Turkey (AFP) — The oil industry must accept that global demand for crude may fall by 2050 but rich potential remains in hydrocarbons, especially gas, the head of French energy giant Total said Tuesday. Total Chief Executive Officer Patrick Pouyanne said climate policies and electric cars would affect demand for oil in the next three decades. “It is possible that by 2040-2050 oil demand will not be as high as it is today,” he told […]
TOKYO, Japan (AFP) — Tokyo stocks opened flat on Tuesday as markets waited for fresh clues on the global economy and United States central bank policy, and as the yen’s recent falls came to a halt. Investors were awaiting US Federal Reserve chief Janet Yellen’s testimony Wednesday for insight into the powerful institution’s policy direction, analysts said. Yellen will update lawmakers on the outlook for the US economy and her expectations for additional interest rate increases […]
TOKYO, Japan (AFP) — Tokyo stocks rose Monday morning, following a strong lead from Wall Street after a better-than-expected jobs report, while a weak yen boosted exporters. New York rallied Friday after government data showed that the US economy generated 222,000 jobs last month, far above market expectations. “Although the announcement was made on Friday, the positive energy remained strong enough to sustain the market today,” said Toshikazu Horiuchi, a broker at IwaiCosmo Securities. The […]
HONG KONG, China (AFP) — Asian markets mostly headed into the weekend on a negative note Friday following a sell-off on Wall Street, United States jobs data coming in below par and a dive in oil prices fueling losses across the energy sector. Increasing expectations that central banks are about to start winding down their easy money policies are also weighing on buying sentiment and dragging on the dollar. With traders already nervous over North […]
by Glenn Chapman Agence France-Presse SAN FRANCISCO, United States (AFP) — Microsoft said Thursday it was cutting an unspecified number of jobs amid reports the United States tech giant was reorganizing its global sales operations. “Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will be eliminated,” Microsoft said in an email response to an AFP inquiry. Earlier, CNBC television said the company would be […]
HONG KONG, China (AFP) — Asian energy firms sank Thursday following a plunge in oil prices while equity traders remained on edge after North Korea’s latest missile test and warnings from the United States it would use force to deal with the nuclear-armed state. Crude fell around four percent Wednesday on renewed concerns about a global supply glut that overshadowed data pointing to a drop in US stockpiles. Investors are worried that an output cut […]
Pinasinayaan at binuksan na sa publiko ang pang-isang libong store ng Jollibee Corporation sa bansa na nasa Bonifacio Global City triangle drive sa Taguig City. Magugunitang nagsimula ang pinakamalaking fastfood chain sa bansa sa isang ice cream parlor sa Cubao, Quezon City noong late 1970’s. Ito ay lumaki nang lumaki hanggang dumami ang mga branches at naging isa na ngayon sa mga kilalang Filipino brands at sinasabing Asia’s number one QSR brand sa kasalukuyan. Isinasagawa […]
by David Harding Agence France Presse DOHA, Qatar (AFP) — Energy-rich Qatar said Tuesday it plans to increase natural gas production by 30 percent over the next several years, as it faces pressure from its neighbors in a diplomatic crisis. State-owned Qatar Petroleum said it would go ahead with the output boost regardless of whether or not Saudi Arabia and its allies maintain a sweeping embargo they imposed last month. The company’s head, Saad Sherida […]
SEOUL, South Korea (AFP) — Samsung Electronics will invest nearly $18 billion in its chip business, the South Korean firm said Tuesday, as it seeks to expand its lead in the global memory chip and smartphone markets. The world’s top maker of smartphones and memory chips will invest 20.4 trillion won ($17.7 billion) by 2021 to expand and upgrade its chip plants in the South Korean cities of Pyeongtaek and Hwaseong, it said in a […]
HONG KONG, China (AFP) — Asian markets mostly rose on Tuesday with energy firms rallying with their United States counterparts after the recovery in oil prices extended in New York, where the Dow chalked up another record high ahead of Independence Day. Crude lost around a fifth of its value between mid-May and mid-June, hitting 10-month lows, as traders fretted that a pick-up in US output was offsetting cuts by key producers in OPEC and […]
SAN FRANCISCO, United States (AFP) — Microsoft is planning layoffs as it refocuses its sales force on making the software colossus a pivotal part of businesses relying on cloud computing, according to media reports. While many reports forecast the changes would result in thousands of job cuts, Microsoft on Monday only confirmed to AFP that changes were on the way. “Microsoft is implementing changes to better serve our customers and partners,” a Microsoft spokesperson told […]
