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WASHINGTON, United States (AFP) – Internet pioneer Yahoo ended its two-decade run as an independent company on Tuesday, completing the sale of its core online assets to telecom giant Verizon. Yahoo’s chief executive Marissa Mayer resigned as expected, as Verizon finalized the $4.48 billion deal integrating the Yahoo internet operations into a new unit called Oath, which includes another former sector leader, AOL. Tim Armstrong, former chief executive officer of AOL, now holds the same […]
TOKYO, Japan (AFP) — Japan’s benchmark Nikkei index slipped Tuesday in response to Wall Street’s technology sell-off, with market heavyweight SoftBank falling for a second day. United States technology giants including Apple and Netflix Monday suffered another bruising session in New York which analysts attributed to profit-taking. “The upward trend in earnings for US technology companies isn’t likely to change, but with those stocks in for a speedy correction, it’s hard to buy their Japanese […]
TOKYO, Japan (AFP) — Tokyo shares fell Monday as technology shares took a hit, but news of a baby panda’s birth at a Tokyo zoo sent shares in a local restaurant skyrocketing some 38 percent. The benchmark Nikkei 225 slipped 0.52 percent, or 104.68 points, to 19,908.58 while the Topix index of all first-section issues was flat, edging down 0.01 percent, or 0.11 points, to 1,591.55. © Agence France-Presse
by Glenn Chapman Agence France Presse LOS ANGELES, United States (AFP) — Microsoft on Sunday unveiled Xbox One X — billing it as the most powerful video console ever made, and escalating a battle with market king PlayStation. The $499 product was built with the muscle for seamless play on ultra-high definition 4K televisions and will be available worldwide on November 7, according to Xbox team leader Phil Spencer. He introduced the much anticipated Xbox […]
The pound plunged two percent Friday as Prime Minister Theresa May lost her majority in Britain’s general election, fuelling political uncertainty just days before the start of Brexit talks. May had called the snap vote in a bid to boost her party’s hold over Westminster and give her a stronger hand in talks with European Union leaders over the country’s detachment from the bloc. However, the leftist Jeremy Corbyn’s Labour Party slashed the ruling Conservatives’ […]
TOKYO, Japan (Reuters) — Asia stocks were relatively unaffected on Friday (June 9) after British elections seemed to leave no single party with a clear claim to power. Japan’s benchmark Nikkei opened at 19953.06 up 43.80 points. In South Korea, stocks opened slightly higher with the Korea Composite Stock Price Index (KOSPI) up 0.33 percent, to 2,371.36 points as of 0130 GMT. Hong Kong markets opened up as voting for the United Kingdom’s general election […]
by Megha Bahree Agence France-Presse NEW DELHI, India (AFP) — Solar power prices in India have hit rock bottom, but it is not all good news for the electricity-starved country as the phenomenon has hit investor confidence and threatens the country’s effort to push its green credentials. Cut-throat competition has driven prices down to unsustainable levels, undermining the booming sector’s viability, according to experts. After the United States withdrew from the Paris climate deal last week, […]
TOKYO, Japan (AFP) — Japan’s economy grew less than initially thought in the first quarter, revised government data showed Thursday, but the weaker-than-expected numbers still confirmed the longest expansion in over a decade. The world’s number three economy posted 0.3 percent growth between January and March — or 1.0 percent at an annualized rate — which was down from a preliminary 0.5 percent growth estimate. The unexpected downgrade was also below market expectations for an […]
SYDNEY, Australia (AFP) — Australia marked a world-record 26 years without a recession Wednesday, as the economy grew 0.3 percent in the first-quarter, official data showed. The Australian Bureau of Statistics put the annual rate of growth at 1.7 percent, down from 2.4 percent in the previous three months. The soft quarterly reading was widely expected by analysts amid the impact of category four Cyclone Debbie on eastern Australia in late March, weaker trade figures […]
by Glenn Chapman Agence France Presse SAN FRANCISCO, United States (AFP) — Apple’s new HomePod speaker may be music to the ears of its loyal fans, but how much it can crank up volume in the smart speaker market remains to be heard. Apple unveiled its long-awaited HomePod at its annual developers conference taking place this week in the heart of Silicon Valley, enticing lovers of its products with a high-end offering in a market dominated […]
NEW YORK, United States (AFP) — Global stock markets mostly retreated Tuesday, two days before a British general election and congressional testimony from fired former Federal Bureau of Investigation chief James Comey. Britons head to the polls on Thursday, the same day the European Central Bank (ECB) will announce its latest interest rate decision, and Comey will face a congressional panel probing the connection between President Donald Trump’s campaign and Russia. “There has been a clear […]
TOKYO, Japan (AFP) — Tokyo stocks opened slightly lower on Tuesday with energy-linked firms slipping on lower oil prices as a stronger yen put the brakes on automaker shares. The Japanese market has slipped from nearly two-year highs this week while Wall Street retreated from records on Monday. Investors were cautious ahead of the British general election on Thursday, after deadly terror attacks in London. A European Central Bank meeting and testimony by ex-FBI director […]
