Apple returned to increasing revenue in the holiday quarter and said the growth rate could accelerate in the coming months, as iPhone sales rebounded strongly in North America, western Europe and Japan. However, despite forecasting revenues to grow as much as 6 per cent in the current quarter, its outlook fell just short of Wall Street’s estimates amid continuing sales declines in China and foreign currency headwinds. […]
By Liana B. Baker and Jessica DiNapoli U.S. brand management company Iconix Brand Group Inc (ICON.O) is exploring a sale of its majority stake in Peanuts Worldwide LLC, which owns the rights to cartoon strip characters Snoopy and Charlie Brown, according to people familiar with the matter. The move sent shares of Iconix up more than 5 percent. It comes three months after U.S. insurance company MetLife […]
Royal Dutch Shell has struck deals worth up to $4.7bn to sell offshore oil and gas assets in the North Sea and Thailand, adding momentum to the debt-reduction programme launched after its $50bn takeover of BG Group. The Anglo-Dutch group said on Tuesday it had agreed to sell a package of UK North Sea assets to Chrysaor, a small British company backed by EIG Partners, a US […]
The great Trump reflation story, which points to strong equities, weak bonds and a highly valued dollar, is by now thoroughly entrenched in the minds of global investors. Not without reason. But when conviction is near-universal in markets it makes sense to ponder what investors might be missing. For my money the most likely flaw in this narrative relates to the cost of protectionist policies. There is […]
TOKYO Japan must make public places in Tokyo smoke-free by the time it hosts the 2020 Summer Olympics or risk falling afoul of International Olympic Committee (IOC) rules that call for a healthy games, activists said on Tuesday. Japan’s health minister has said the government is eager to stamp out smoking in public by the time the capital hosts the Olympics. But smoking remains so entrenched there […]
By Ginger Gibson and David Shepardson | WASHINGTON WASHINGTON Days before a group of Republican lawmakers were due to discuss their party’s controversial proposal to tax all imports, Toyota Motor Corp (7203.T) sent an urgent message to its U.S. dealers – tell the politicians the tax would seriously hurt car buyers. Some of Toyota’s 1,500 dealers heeded the call and contacted members of the House of Representatives’ […]
Investors, economists and strategists have begun to question their enthusiasm for Donald Trump’s new administration, following the president’s decision to block entry to the US from seven Muslim-majority countries. Mr Trump’s travel clampdown appeared to knock some of the confidence from markets, after stock indices reached record highs last week following speculation the new president will deliver faster economic growth and accelerating price rises — dubbed “Trumpflation”. […]
BEIJING China’s second aircraft carrier is “taking shape” after two years and nine months of construction, local media reported, a move likely to further unnerve Taiwan and other neighbours about Beijing’s growing military assertiveness. Construction of The Shandong, named after a province in China’s east coast, began in 2014, the APP of Shandong television and radio said in a report seen on Tuesday. The Shandong, China’s first […]
Scientists have developed a mathematical law to explain the size distribution of earthquakes, even in the cases of large-scale earthquakes such as those which occurred in Sumatra (2004) and in Japan (2011). (via WSJ)
January 31, 2017 by: Hudson Lockett in Hong Kong Tuesday 01:50 GMT Overview A shaky Monday for US stocks rolled into Asian trading on Tuesday as confusion persisted over President Donald Trump’s executive order to clampdown in immigration and ahead of the Bank of Japan’s interest rates decision. Hot topic Stock markets remained closed in Hong Kong and China for the lunar new year holiday, but those […]
US stocks on Monday faced the heaviest sell-off since before the presidential election in the biggest reversal yet of the so-called Trump trade that has carried equities to record peaks. The S&P 500 index, a broad barometer of American stock performance, fell as much as 1.2 per cent in late-morning trading in New York. That represented the steepest intraday fall since November 1 and came after it […]
TOKYO Wrapped up from head to toe in a white bag and gently rocking from side to side, five Japanese mothers are hopeful Tokyo’s latest health trend can cure their post-pregnancy aches and pains. According to its exponents, Otonamaki, which translates as “adult wrapping”, was devised by a Kyoto midwife who thought replicating how children are swaddled at birth could help mothers overcome post labour shoulder and […]
European, Asian stocks and S&P futures all drop after traders were left with a sour taste from the potential fallout of Donald Trump’s order halting some immigration and ahead of central bank decisions from the U.S. and Japan. Markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are all shut due to the Lunar New Year public holiday, leading to a quiet Asian session. Oil […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian share markets and Wall Street stock futures fell on Monday after immigration curbs introduced by U.S. President Donald Trump heightened concerns about the impact of the new administration’s policies on trade and the economy. European markets were also poised for a sluggish start, with financial spreadbetter CMC Markets expecting Germany’s DAX to start the day 0.3 percent lower, Britain’s FTSE […]
Monday 08:30 GMT Overview The dollar and Wall Street equity futures are under pressure after data last week showed slower than expected US growth and as traders digest President Donald Trump’s executive order to clamp down on people entering the US from seven predominantly Muslim countries. The sour tone is suppressing stock markets in Europe, though not lifting government bond prices or supporting gold to any great […]
TOKYO Toyota Motor Corp’s (7203.T) four-year run as the world’s top-selling automaker has ended as the Japanese company said on Monday its global sales for 2016 fell short of Volkswagen AG’s (VOWG_p.DE). Toyota said global sales across its Toyota, Lexus, Daihatsu minicar and Hino Motors Ltd (7205.T) truck brands rose 0.2 percent to 10.18 million last year from 2015. This was less than the 10.3 million sold […]
Bahraini entrepreneur Mohamed Anwar Sheikhaldeen considers an opportunity to sell technology developed in Bahrain to Japanese clients among the major milestones achieved by EXA.iO, his Manama-based start-up which provides an affordable high-speed rendering service. Sheikhaldeen explains that EXA.iO, a cloud 3D processing service for architects, studios, interior designers and engineers to accelerate their 3D and VR processing workflows at a fraction of the cost, is the first […]
Despite the Trump administration’s chaotic start, there is one man who has every reason to thank the new US president — Haruhiko Kuroda, governor of the Bank of Japan. At a policy meeting this week, Mr Kuroda’s BoJ is set to edge upwards its growth forecasts for Japan, reflecting a Japanese economic outlook transformed by Mr Trump’s election and subsequent weakness in the yen. The US election […]
Times LIVE Most of 31 on board missing Malaysian boat reported rescuedU.S. News & World ReportKUALA LUMPUR, Malaysia (AP) — Twenty-five, mostly Chinese tourists, were rescued Sunday after spending more than a day drifting in Malaysian waters after their boat sank, officials said. Six of the 31 people on board were still missing Sunday evening, …Two crew from Malaysian boat carrying 31 Chinese reach safetyCP24 Toronto’s Breaking News23 […]
An activist fund with a history of pressuring Japanese management has emerged as the largest minority shareholder of PanaHome — the housebuilder at the heart of a spiralling proxy battle and pivotal test of Japan’s corporate governance code. As of Friday, Oasis Capital, which is led by Seth Fischer, held some 4.83 per cent of PanaHome, putting the fund ahead of Japan’s Government Pension Investment Fund (which […]
Emirates has announced plans to further expand its European network with the introduction of a daily flight from Dubai to Zagreb, the capital of Croatia from June 1. The new southeast European destination will be served by an Emirates Boeing 777-300 aircraft, the only wide-body service operating to/from Zagreb, the airline said in a statement. “Emirates has had a commercial presence in Croatia since 2003, so to […]
By Kiyoshi Takenaka and Roberta Rampton | TOKYO/WASHINGTON TOKYO/WASHINGTON U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed on Saturday to meet early next month, affirming the importance of bilateral ties while setting the stage for potentially sensitive trade talks. Trump’s administration has put the focus of the Abe visit, one of the first summits of the new presidency, on starting bilateral trade talks. Japan […]
TOKYO Japanese graffiti artist “281 Antinuke” says his latest street art – politically-charged stickers plastered around central Tokyo – takes aim at U.S. President Donald Trump. Amid the bustling night life of Shibuya, a major shopping and entertainment hub in Tokyo, the artist pastes stickers dealing with social issues to lamp posts and walls to attract the attention of passersby. His latest postings target the controversial remarks […]
WASHINGTON U.S. President Donald Trump will speak by phone with Japanese Prime Minister Shinzo Abe on Saturday morning, the White House said on Friday. Abe is scheduled to visit the White House next month. A Trump administration official said on Thursday the new U.S. president will seek quick progress toward a bilateral trade agreement with Japan in place of a broader Asia-Pacific deal he abandoned this week. […]
