AFP News

  • US to review trade pacts, looking at 'abuses'

    Presid...

  • First direct London-China train completes 12,000 km run

    Laden with whisky and baby milk, the first freight train linking China directly to the UK arrived in the eastern Chinese city of Yiwu Saturday after a 12,000-kilometre (7,500-mile) trip, becoming the world's second-longest rail...

  • New funding makes China's Didi 'most valuable Asian start-up'

    China's ride-hailing leader Didi Chuxing said Friday it had raised more than $5.5 billion in new financing amid reports that the fund injection makes it the most valuable start-up in Asia with a worth over $50 billion.Beijing...

  • Sharp full-year loss shrinks 90% after Hon Hai deal

    Sharp said Friday its full-year net loss shrank by 90 percent and it swung to operating profit on structural reforms after being acquired last year by Taiwan's Hon Hai.The Taiwanese company, better known as Foxconn, acquired the...

  • Asia markets retreat after strong week, eye on US data

    Asian investors on Friday wound down after a strong week, with profit-taking weighing on markets and attention turning to the release of US growth data later in the day.Regional equities have seen a boon this week after France's...

  • Honda net profit up on easing airbag recall costs

    Honda on Friday said annual net profit jumped 79 percent on a reduction in expenses related to a historic airbag recall by its main supplier and robust vehicle sales in the US and China. Honda said lower "quality-related expenses"...

  • Nintendo eyes sale of 10 mn Switch consoles in year to March

    Nintendo expects to sell 10 million units of the new Switch game console over the next year, the company said Thursday, as it bets big on the successor to its poor-selling Wii U.The forecast came as Nintendo reported its net...

  • World's largest shipbuilder sails back to quarterly profit

  • Airbag maker Takata shares plunge nearly 20% on bankruptcy report

    Takata shares dropped nearly 20 percent on Thursday after a media report said the embattled Japanese airbag maker was considering filing for bankruptcy protection and then rolling its key businesses into a new company.The stock...

  • BoJ chief warns over 'likely' delay on inflation target

    Japan's central bank chief warned on Thursday it is "likely" that an inflation target already running four years late would be delayed once again.Bank of Japan (BoJ) governor Haruhiko Kuroda added that policymakers would not slow...

  • Energy prices rebalancing after OPEC accord: Qatar

    Global energy markets are moving in the right direction after oil prices fell to historic lows due to oversupply, Qatar's energy minister said Thursday, praising OPEC members for their adherence to a "successful" November deal to...

  • Samsung, Apple keep top spots in smartphone market

    Samsung and Apple maintained their leadership in the smartphone market in early 2017 while Chinese-based Huawei's strong growth cemented its number three position, a market tracker said Thursday.Research firm IDC said overall...

  • LG Electronics Q1 net profit more than quadruples

    South Korean appliance giant LG Electronics saw net profits more than quadruple in the first quarter of the year, it said on Thursday, on the back of strong sales in Asia and Latin America.The firm's net profit in the...

  • Kia Motors announces $1 billion investment in India

    South Korean car maker Kia Motors said Thursday it will build a new 1.1 billion plant in India, marking its entry into one of the world's fastest growing markets as sales in neighbouring China have sagged.Kia Motors said in a...

  • Petroleum shares tumble on lower oil prices

    Petroleum-linked companies were in retreat Thursday on lower oil prices while global stocks were mixed following a deluge of earnings reports.In the US, weakness in oil-linked shares kept gains in the Dow and S&P 500 to a minimum,...

  • Philippine minister bans new open-pit mines worth $8 bn

    Philippine socialite-turned-environment minister Regina Lopez caused ire in the mining industry Thursday by announcing a ban on new open-pit mines, a move that threatens over eight billion dollars in investments.Lopez, who has...

  • Jet Airways suspends pilot over racism, assault claims

    Indian carrier Jet Airways said Wednesday it had suspended a foreign pilot from flying duty over allegations that he assaulted a woman and hurled racist abuse at another passenger on a domestic flight.The Mumbai-based airline...

  • McDonald's shelves Japan unit sale plans

    McDonald's has decided not to sell its stake in a Japanese unit hit by a series of food contamination scandals and slumping sales.The US restaurant chain has a 50 percent share of McDonald's Japan, but said said last year it was...

  • No end in sight for Japan 'crisps crisis'

    Legions of Japanese crisps addicts are suffering and it doesn't look like they'll be getting their full fix anytime soon.The country is in the midst of a dire crisps shortage after violent typhoons wiped out potato crops in top...

  • Hyundai Motor posts 21% drop in Q1 profit

    South Korea's biggest automaker Hyundai Motor posted a 21 percent drop in first-quarter profits on Wednesday, hammered by the fallout from a diplomatic spat between Seoul and Beijing over a US missile defence system.In a...

  • Netflix poised for elusive China breakthrough

    Netflix has reached an agreement with a unit of internet giant Baidu that could see the US-based video-on-demand leader break into the massive China market, its Chinese partner has confirmed.The Baidu-run video platform iQiyi.com...

  • Luxury spenders defy Japan's tight-fisted reputation

    Tight-fisted shoppers, unsteady economic growth and a shrinking population: Japan doesn't exactly fit the image of a spending powerhouse these days.But you would never know it in Ginza -- Tokyo's answer to the Champs-Elysees or...

  • BHP copper output slumps, eyes shale sell off

    Mining giant BHP Billiton reported a slump in copper output Wednesday as strike action at the world's largest mine for the metal dented production, while flagging the sale of some US shale assets.The world's biggest miner said...

  • Standard Chartered reports $1.05 bn Q1 profit

  • US regulator vows to roll back 'net neutrality' rules

    A top US regulatory official on Wednesday unveiled plans to roll back so-called "net neutrality" rules that require broadband firms to treat all online traffic equally.The announcement by Federal Communications Commission chairman...

  • US stocks dip as Trump tax plan comes into focus

    US stocks dipped Wednesday, ending a two-day rally, as the Trump administration unveiled details of its long-awaited tax reform plan. Tax cuts have been Wall Street's top priority since the election of President Donald Trump. But...

  • French vote boosts global stocks again; Nasdaq hits 6,000

    Stock markets mostly rose Tuesday following the previous session's record runs triggered by the first-round result of France's presidential election.Gains were strongest in the US, where the Nasdaq surged above 6,000 for the first...

  • Thai junta defends 'cheap' $393 mn Chinese sub purchase

    The Thai junta on Tuesday defended $393 million earmarked for a Chinese submarine, batting back criticism of the secrecy of the deal, its cost and the questionable utility of the warship.The submarine sale is the latest defence...

  • SK Hynix posts record Q1 profit on mobile chip demand

    South Korean chipmaker SK Hynix on Tuesday said profit in the first three months of the year boomed more than 300 percent to a record high as strong demand for memory chips used in mobile phones boosted prices.First-quarter net...

  • S.Korea tourist numbers plummet in China boycott

    South Korea's tourist industry has been hammered by China's boycott over the deployment of US missile defence system, with visitor numbers from the Asian giant plummeting 40 percent in March, statistics showed.Beijing banned...

  • Stocks, euro surge as France's Macron favored for presidential win

    Global markets rallied Monday after moderate candidate Emmanuel Macron won the first round of France's presidential election, sending stocks to records on both sides of the Atlantic and boosting the euro. Sunday's election result...

  • Samsung to update software over 'red screen' smartphone

    Electronics giant Samsung will this week offer an unusually early software update for its newly-released Galaxy S8 phone, it said Monday after some consumers complained of red-tinted screens.The launch of the device is a key step...

  • China's quota threat charges up electric car market

    China's electric-car market is already the world's biggest, but a government proposal to introduce "new energy" vehicle quotas for automakers is further charging it up.With the threat of the measure looming, major manufacturers at...

  • How bad corporate debts are holding back India's growth

    The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon's unpaid debts are just the tip of an iceberg that is already holding back the country's economic growth.The...

  • Imitation Game: China carmakers ape foreign brands at Shanghai show

    If imitation is the sincerest form of flattery, then global carmakers are basking in the compliments at Shanghai's auto show, where some Chinese-made models bear striking resemblances to famous foreign brands.The annual exhibition...

  • Chevron faces big Australia tax bill after court loss

    Chevron on Friday lost its appeal in a major Australian court battle over Aus$340 million (US$256 million) in tax and penalties in a case with possible global implications for multinationals looking to cut their obligations.The...

  • Paris stock market falls after attack, before French elections

    The Paris stock market fell on Friday after the latest violent attack in the city and as traders awaited a hotly-contested presidential election in France.London was weighed down by much weaker than expected British retail sales...

  • Fujifilm delays earnings over NZ unit accounting problems

    Fujifilm is delaying the release of its financial results as it probes accounting irregularities at a New Zealand unit, raising fears Japan Inc is headed for another embarrassing accounting scandal.The company said it is setting...

  • Samsung's Galaxy S8 hits stores, aims to move on from crisis

    The world's biggest smartphone maker Samsung Electronics added more than $1 billion to its market capitalisation Friday as investors cheered positive reaction to its new Galaxy S8 and the device went on sale over the counter.The...

  • Pence announces $10 bn in deals on Indonesia trip

    US Vice President Mike Pence announced $10 billion in deals between American and Indonesian companies during a visit to Jakarta Friday, as he pushed for greater access to Southeast Asia's top economy.Eleven deals were signed....

  • UK govt sells green bank in £2.3 billion deal

    The UK Green Investment Bank (GIB), created by the British government to fund environmental projects, is to be sold to Australian financial services firm Macquarie Group in a £2.3 billion deal, the government said Thursday.Under...

  • Beyond China, carmakers seek new drivers of Asian growth

    Southeast Asia's potential beckons as global automakers look beyond China's massive market to extend their sales boom in the region, but executives say they face a struggle to match the explosive Chinese growth. Chinese...

  • World markets higher as French election looms

    Global stock markets edged higher Thursday, but investors were treading cautiously ahead of the upcoming French presidential election, while Wall Street was buoyed by a raft of corporate earnings reports, traders said."It was...

  • OECD chief calls for 'playing offense' on trade

    In another in the growing chorus of warnings against a rise in protectionism, the head of the OECD said Wednesday governments should defend free trade by making their economies more, not less, inclusive."It is time to move from...

  • Trump invokes national security to probe US steel imports

    President Donald Trump on Thursday invoked national security to order a probe into US steel imports -- a move that risks trade blowback from steel-making giant China."Steel is critical to both our economy and our military. This is...

  • IMF warns against protectionism as Trump, Brexit loom

    The International Monetary Fund renewed its warnings against protectionism on Thursday as nationalist political trends threaten trade integration on both sides of the Atlantic.As the IMF and World Bank kicked off what are normally...

  • Rio Tinto's copper output slumps on Chile strike

    Mining giant Rio Tinto reported a plunge in its copper output on Thursday as a strike in Chile and Indonesian regulatory changes hit production.In a quarterly report, the world's second-biggest miner said copper output slumped 37...

  • Japan's exports jump in March

    Japanese exports recorded their biggest gain in more than two years in March, official data showed Thursday, in a sign of optimism for the world's third-biggest economy. The strong result, which came in better than expected,...

  • Automakers see promise in China car-sharing

    Unable to afford a car, Shanghai university student Long Yi endured an expensive taxi commute across his vast city until he started using one of the car-sharing schemes quickly gaining momentum in China.Essentially an Internet Age...

  • US stocks pressured by weak oil shares

    Weakness in petroleum-linked shares pressured US stocks Wednesday, while London equities retreated again following the surprise announcement of a snap general election.Oil prices fell nearly four percent following a build in US...

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