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BEIJING, China (AFP) — Prices for goods at the factory gate in China jumped in March, the government said Wednesday, in a positive sign of strengthening demand for the world’s second-largest economy. The producer price index (PPI) rose 7.6 percent year-on-year in March, according to the National Bureau of Statistics, slightly beating economists’ expectations of a 7.5 percent increase in a Bloomberg News survey. Factory gate inflation “has eased,” NBS analyst Sheng Guoqing said in […]
by Sebastien Berger Agence France Presse PYONGYANG, North Korea (AFP) — On the side-streets of Pyongyang, small traders sell vegetables from impromptu stalls. At markets, dealers offer imported household goods — even Coca-Cola — and in state-owned department stores hard currency is openly exchanged at black-market rates. Officially, North Korea denies it is reforming and declares it remains guided by the Juche, or self-reliance, philosophy of founder Kim Il-Sung whose 105th birth anniversary is being marked […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Wednesday after the yen rose to five-month highs against the dollar on concern over tensions in the Middle East and on the Korean Peninsula. Investors were subdued as they watched developments following last week’s US strike on Syria and intensifying sabre-rattling by the United States and North Korea. Nervous investors often plough into the yen at times of instability as it is seen as a safe […]
New York, United States (AFP) — Wall Street stocks finished modestly lower Tuesday as worries about Syria and the upcoming French presidential election weighed on investor sentiment. Geopolitical concerns were front and center as US Secretary of State Rex Tillerson flew to Moscow Tuesday to confront the Kremlin about its support for the Syrian government, amid US statements that Russia tried to cover up a chemical attack. At the same time, investors were eyeing the […]
WASHINGTON, United States (AFP) — Qualcomm has moved on the offensive in its legal battle with Apple with a countersuit claiming the iPhone maker breached agreements and encouraged regulatory attacks worldwide on the US computer chipmaker. In a legal filing late Monday, Qualcomm denied the charges made by Apple in its January lawsuit, while accusing Apple of failing to negotiate in good faith on patent royalties. Apple’s complaint argued that Qualcomm abused its market power […]
HONG KONG, China (AFP) — Most Asian markets rose Tuesday but investors remain on edge over geopolitical tensions with US-Russian relations strained by last week’s Syria strike and sabre-rattling on the Korean peninsula. While stocks pared the initial plunge that met news of the US missile attack on a Syrian airbase, the brewing crisis is keeping dealers on edge heading into the company earnings season. President Donald Trump’s administration has rankled Moscow by saying it […]
LONDON, United Kingdom (Reuters) — Two dazzling pink and blue pear-shaped diamonds are together expected to fetch close to $70 million when they go under the hammer next month. Sotheby’s said the Apollo and Artemis stones are “by far the most important pair of earrings ever offered at auction”. They will be offered to buyers separately at the auction house’s May 16 Magnificent Jewels and Noble Jewels sale in Geneva. The 14.54 carat Apollo Blue […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — Tesla Motors overtook General Motors to become the biggest US automaker by market capitalization Monday, a sign of how Silicon Valley has captured investor excitement at Detroit’s expense. Tesla shares were up 3.0 percent to $311.74 near 1720 GMT, for a market capitalization of $51.43 billion, more than $1 billion above GM, a 109-year-old company that sold almost 120 times as many cars […]
by Robin MILLARD Agence France Presse STANDFORD-LE-HOPE, United Kingdom (AFP) — The first-ever freight train from Britain to China started its mammoth journey on Monday along a modern-day “Silk Road” trade route as Britain eyes new opportunities after it leaves the European Union. The 32-container train, around 600 metres (656 yards) long, left the vast London Gateway container port laden with whisky, soft drinks and baby products, bound for Yiwu on the east coast of […]
HONG KONG, China (AFP) — Asian investors moved cautiously Monday as last week’s US missile strikes on a Syrian airfield fuelled geopolitical tensions and led to sabre-rattling between Washington and Russia. There are fears about brewing tensions between the two powers, with the US suggesting there can be no peace while Moscow-backed Bashar al-Assad remains Syria’s president. Greg McKenna, chief market strategist at AxiTrader, said the attack showed the US was not pulling back from […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday with a weaker yen lifting car makers and other exporters as risk fears over last week’s US attack on Syria waned. Geopolitical tensions spiked after US President Donald Trump ordered a cruise missile strike on a Syrian air base in retaliation for a deadly chemical weapons attack in the country blamed on the regime of President Bashar al-Assad. “The US strikes were seen for what they […]
by John Biers Agence France Presse NEW YORK, United States (AFP) — Wall Street stocks finished modestly lower Friday following a disappointing US jobs report, while Pentagon missile strikes on Syria lifted defense shares and oil prices. Gold prices, a traditional safe haven in times of turbulence, also rallied following the Syria action, while global stock markets were mixed. The Labor Department reported that the US added just 98,000 jobs in March, far below […]
