Asian stocks inched up on Friday, following a tech-led rise on Wall Street, although the latest exchange of trade threats between Beijing and Washington limited gains and drove safehaven flows to the dollar, which brushed a two-week high.
Amazon.com founder Jeff Bezos is racing to pull his private space company out of start-up mode and move into production amid signals that his firm’s heavy rocket set for lift-off in 2020 may slip behind schedule, according to people familiar with the project.
U.S. companies likely maintained a strong pace of hiring in July, suggesting that the robust economy was helping the labor market to weather trade tensions, which could allow the Federal Reserve to raise interest rates again in September.
Toyota Motor Corp on Friday posted a 19 percent rise in first-quarter profit, beating estimates, on the back of sales growth in Asia and cost reductions in that region and at home.
Japan is considering creating a sovereign wealth fund to invest in U.S. infrastructure projects and U.S.-Japan joint projects in third countries and will float the idea at two-way trade talks in Washington next week, the Nikkei daily reported on Friday.
Heineken NV has struck a $3.1 billion partnership with a company that controls China’s largest brewer, China Resources Beer Co Ltd , as the two firms seek to tap a growing thirst for premium brands in the world’s biggest beer market.
Asian stocks inched on Friday following a tech-led rise on Wall Street, although the latest exchange of trade threats between Beijing and Washington capped gains and drove safehaven flows to the dollar, which hovered near a two-week high.
Apple Inc Chief Executive Tim Cook said on Thursday that the iPhone maker’s $1 trillion market capitalization was “not the most important measure” of the company’s success but was instead a result of its focus on its products, customers and company values.
Find out how a key acquisition plays into the cloud networking company’s plans. …read more […]
Turkey’s lira tumbled to a record low beyond 5 to the dollar on Thursday, after Washington imposed sanctions on two of President Tayyip Erdogan’s ministers over the trial of a U.S. pastor accused of backing terrorism. The sell-off, which also hammered local stocks and Turkey’s debt risk profile, reflected deepening investor concern over tensions with the United States, a NATO ally and major trading partner. The U.S. Treasury Department announced sanctions on Wednesday against Justice Minister Abdulhamit Gul and Interior Minister Suleyman Soylu. …read more […]
Heineken NV said on Friday it has agreed to sell its China operations and take a 40 percent stake in a firm controlling the country’s biggest beer maker China Resources Beer Co Ltd in a $3.1 billion deal.
An intensifying trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above a record $1 trillion and helped major U.S. indexes close in positive territory.
Asian stocks were steady on Friday, with gains from the tech-led rise on Wall Street capped by the latest exchange of trade threats between Beijing and Washington, while safehaven flows lifted the dollar to a two-week high.
Negotiators for Mexico and the United States have reached agreement on about 20 topics during talks to revamp NAFTA, Mexico’s economy minister said on Thursday, although he conceded that some of the thorniest issues remained unresolved.
Heineken said it signed a non-binding agreement with China Resources Enterprise Limited and China Resources Beer Holdings and will become a minority partner with a 40 percent stake in the holding company CRH (Beer) Limited.
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