Business

Asian markets mixed as dealers await trade news, Hong Kong rises

HONG KONG, China (AFP) — Asian markets were mixed in early trade Tuesday with investors keeping tabs on the latest developments in the China-US trade talks, while Hong Kong staged a minor recovery after the previous day’s steep losses. The …

Read More »

Chinese consumers spend billions in ‘Singles’ Day’ shopping spree

by Dan Martin SHANGHAI, China (AFP) — Chinese customers spent billions of dollars during the opening hours of the country’s annual “Singles’ Day” frenzy Monday, the world’s biggest 24-hour shopping event that was kicked off by US megastar Taylor Swift. …

Read More »

Philippines’ Cebu Pacific places $4.8 bn Airbus order

  MANILA (AFP) — The Philippines’ largest budget airline Cebu Air Inc has ordered 16 Airbus planes worth $4.8 billion, the company said Monday, as it aims to expand carrying capacity with larger, more fuel-efficient jets. Cebu Air, commonly referred …

Read More »

Asian markets mixed as traders await news on China-US talks

HONG KONG, China (AFP) — Asian markets were mixed Tuesday as investors took a step back after recent rallies, awaiting the next developments in the China-US trade talks. Wall Street provided a perfect lead — with all three main indexes …

Read More »

Huawei pushes 5G in SEAsia, brushing off ‘tech war’ with US

BANGKOK, Thailand (AFP) — Chinese phone giant Huawei said Sunday it was ready to roll out 5G infrastructure across Southeast Asia, dismissing US warnings its tech could be used to hoover up data for Beijing. The firm has emerged as …

Read More »

Saudi Aramco heads for possible record-setting market debut

by Anuj Chopra DHAHRAN, Saudi Arabia (AFP) — Saudi Arabia on Sunday announced the stock market debut of energy giant Aramco, in what could be the world’s biggest IPO, underpinning Crown Prince Mohammed bin Salman’s ambitions to overhaul the kingdom’s …

Read More »

Google buying Fitbit in move into wearables, digital health

By Rob Lever Agence France-Presse Google agreed Friday to buy Fitbit for $2.1 billion in a move giving the US tech giant a fresh entry in the wearable technology space and helping it ramp up its challenge to Apple. The …

Read More »

Strong jobs report lifts US stocks

NEW YORK, United States (AFP) — Wall Street stocks gained early Friday after the October US jobs report topped expectations despite a hit from the General Motors strike. Employers added 128,000 net new jobs last month, the Labor Department reported, …

Read More »

Asian markets mostly but trade concerns cast shadow

HONG KONG, United States (AFP) — Most Asian markets rose on Friday as traders overcame early jitters about the China-US trade talks that were fuelled by a report saying Beijing officials had raised doubts about the chances of a long-term …

Read More »

Most Asian markets extend gains on trade, rates, earnings hope

HONG KONG, China (AFP) — Asian markets mostly rose Tuesday, taking up the baton after a record close on Wall Street, with investors filled with a renewed sense of hope over China-US talks, while the pound was winning support from …

Read More »

Asian markets boosted by trade deal optimism

HONG KONG, China (AFP) — Asian markets rallied Monday after China and the US said they were close to agreeing on a mini trade deal, but the pound extended losses on fresh Brexit uncertainty while EU leaders consider extending a …

Read More »

Nokia shares plunge on lower earnings forecast

HELSINKI, Finland (AFP) — Shares in Nokia tumbled 20 percent on Thursday after the Finnish telecommunications equipment maker cut its earnings forecast in the face of intense competition to build the latest 5G mobile networks. While returning to profit in …

Read More »