Fed cheer lifts Asian shares, leaves dollar on back foot
Asian shares advanced on Wednesday after comments from Federal Reserve officials suggested a U.S. rate cut this year was on the cards, boosting investor sentiment and pushing the dollar lower.
Asian shares advanced on Wednesday after comments from Federal Reserve officials suggested a U.S. rate cut this year was on the cards, boosting investor sentiment and pushing the dollar lower.
Washington’s move to ban U.S. companies from doing business with China’s Huawei Technologies will have a short-term impact on Taiwan’s TSMC, its chairman said on Wednesday, although he was upbeat on the outlook for this year.
South Korea’s Samsung Electronics Co Ltd said on Wednesday it plans to cut production at a smartphone plant in China, as competition from domestic rivals squeezes its share of the world’s biggest smartphone market to less than a paltry 1%.
Mexican officials will seek to persuade the White House in talks hosted by U.S. Vice President Mike Pence on Wednesday that their government has done enough to stem immigration and avoid looming tariffs.
Asian shares tracked Wall Street’s rally on Wednesday, after U.S. central bank comments pointed to increasing prospects of an interest rate cut, boosting investor sentiment and pushing the dollar lower.
Apple Inc will ask developers to position a new “Sign on with Apple” button in iPhone and iPad apps above rival buttons from Alphabet Inc’s Google and Facebook Inc, according to design guidelines released this week.
Samsung Electronics Co Ltd said on Wednesday it has decided to cut the volume of mobile phone production at its plant in the Chinese city of Huizhou due to the impact of intensifying competition in the country.
Samsung Electronics said on Wednesday it was adjusting the volume of mobile phone production at its plant in the Chinese city of Huizhou due to intensifying competition in the country.
Asian shares tracked the Wall Street rally on Wednesday after U.S. central bank comments pointed to the increasing prospects of an interest rate cut, boosting investor sentiment and pushing the dollar lower.
Apple Inc will require developers to position a new “Sign on with Apple” button in iPhone and iPad apps above rival buttons from Alphabet Inc’s Google and Facebook Inc, according to developer guidelines released this week.
American Airlines Group Inc’s top six executives on Tuesday bought 85,000 shares of the company’s common stock on the open market for about $2.4 million, at a time when the share price has significantly underperformed the U.S. transport sector.
Apple Inc Chief Executive Officer Tim Cook said China has not targeted the company as a result of the U.S.-China trade dispute and he does not anticipate it will.
GameStop Corp shares plunged 26% on Tuesday after the video games retailer halted its quarterly dividend and reported a 13.3% fall in first-quarter revenue that missed analysts’ estimates on the back of slowing sales of video games and consoles at its stores.
The Trump administration has denied a General Motors Co request for an exemption to a 25 percent U.S. tariff on its Chinese-made Buick Envision sport utility vehicle.
In Vietnam, one of the world’s largest and fastest-growing beer markets, new battle lines are being drawn as Heineken NV and local industry leader Sabeco hone their product offerings and build up marketing muscle.
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