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TOKYO, Japan (AFP) — Confidence among Japan’s biggest manufacturers has risen for the second straight quarter, a key central bank survey showed Monday, a welcome boost for the world’s third-largest economy. The report comes after a batch of government data on Friday showed inflation and factory output picked up in February while the unemployment rate dipped to a two-decade low. Japan has been struggling to mount a firm economic recovery and put years of on-and-off […]
XIONGAN, China (CCTV) — China announced Saturday it would establish the Xiongan New Area in Hebei province, as part of measures to increase coordinated development in the Beijing-Tianjin-Hebei region. The New Area, which is about 100 kilometers southwest of downtown Beijing, will span three counties and sit at the center of the triangular area formed by Beijing, Tianjin, and Hebei’s provincial capital Shijiazhuang. The area features a number of advantages including convenient transportation, well preserved ecosystem, […]
HONG KONG, China (AFP) — A classic Andy Warhol portrait of former Chinese leader Mao Zedong fetched US$12.7 million at auction in Hong Kong on Sunday, Sotheby’s said — well short of the top estimate of more than $15 million. The sale of the 1973 screen print by the legendary United States pop artist attracted plenty of attention before going under the hammer in the semi-autonomous city owing to sensitivity about any use of Mao’s […]
by Rob Lever WASHINGTON, United States (AFP) — Samsung’s Bixby is the new kid on the block of personal digital assistants and is likely to face a rough reception in a neighborhood dominated by tech sector rivals. Bixby — introduced at Samsung’s unveiling of Galaxy S8 smartphones — aims to help the South Korean giant break into a surging market for voice-activated virtual assistants, which includes Apple’s Siri, Amazon’s Alexa, Google’s Assistant and Microsoft’s Cortana. […]
TOKYO, Japan (AFP) — Google and Amazon joined a list of potential buyers eyeing Toshiba’s lucrative memory chip business as the Japanese conglomerate seeks bidders to cover huge losses, a newspaper said Saturday. Toshiba has reportedly completed the first round of bidding for its prized memory chip business, seen as key for the cash-strapped company to turn itself around. Some 10 foreign companies and funds, including Google and Amazon, tendered bids, the mass-circulation Yomiuri Shimbun […]
BRUSSELS, Belgium (AFP) — The EU will do all it can to reach a “constructive” Brexit settlement with Britain, but will also prepare for a possible failure to reach a deal, a draft of the bloc’s negotiating plan said on Friday. The European Union “will work hard to achieve that outcome, but it will prepare itself to be able to handle the situation also if the negotiations were to fail,” the guidelines obtained by AFP […]
TOKYO, Japan (AFP) — Tokyo stocks rose Friday morning as automakers and banks rose on the back of a drop in the yen, with solid US growth data boosting market sentiment. The benchmark Nikkei 225 index gained 0.66 percent, or 125.61 points, to sit at 19,188.83 by the lunch break, while the Topix index of all first-section issues was up 0.70 percent, or 10.68 points, to end the morning at 1,538.27. © Agence France-Presse
NEW YORK, United States (AFP) — McDonald’s announced Thursday it will shift to fresh beef in its new made-to-order Quarter Pounder hamburgers in most United States restaurants as it seeks to beef up sales in its home market. The fast-food chain by mid-2018 will move away from frozen beef on the popular hamburger, which will be cooked at the time of order, the company said in a news release. The change, which does not affect […]
SAN FRANCISCO, United States (AFP) — Facebook on Thursday confirmed that trouble-tainted Oculus cofounder Palmer Luckey has left the leading social network, which dived into virtual reality after buying the startup three years ago. “Palmer will be dearly missed,” Facebook said in an email reply to an AFP inquiry. “His inventive spirit helped kickstart the modern VR revolution and build an industry. We’re thankful for everything he did for Oculus and VR, and we wish […]
LONDON, United Kingdom (AFP) — Global stock markets edged higher Thursday, buoyed by firmer prices on Wall Street, but investors remained cautious overall amid lingering uncertainty over President Donald Trump’s policy agenda and the outlook for Britain’s Brexit negotiations with the European Union, traders said. “Stocks are still in a bit of a holding pattern with traders lacking a bit of conviction,” said Jasper Lawler at London Capital Group. “A positive open in the United […]
by Danny McCord Agence France-Presse Asian markets turned negative Thursday following two days of gains, but energy firms were lifted by an oil rally while the pound held up after Britain formally triggered talks to leave the European Union. Trading floors turned red at the start of the week as Donald Trump’s failure to push through his healthcare reform fuelled worries about the prospects for his economy-boosting agenda. Regional traders had regained some confidence since […]
TOKYO, Japan (AFP) — Tokyo shares slipped Thursday, though Toshiba jumped after shareholders agreed to the sale of its memory chip unit to cover huge losses stemming from the company’s troubled nuclear business. Investors had few strong leads with Britain’s formal move to exit the EU on Wednesday already priced into the market, analysts said. Investors are also taking a cautious approach to US President Donald Trump’s economic policies after a humiliating setback on his […]
