HONG KONG, Oct 13 (APP/AFP): Shares in Hong Kong flag carrier Cathay Pacific plunged more than five percent Thursday after it scrapped its profit outlook for the second half of the year, citing competition and overcapacity. The Hong Kong-based firm said it no longer expected business to improve in the latter half of the year […]
Business News
Cathay Pacific shares plunge as it axes profit outlook
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Samsung woes shadow S. Korea growth forecast
SEOUL, Oct 13, (APP/AFP) – South Korea’s central bank on Thursday trimmed its 2017 growth outlook, having considered the potential impact of Samsung’s Note 7 recall crisis on the national economy. The electronics giant announced Tuesday it was scrapping production of the new smartphone, following reports that replacements for combustible models were also catching fire. […]
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Global markets: Pound turns around, Samsung sinks
NEW YORK, Oct 13 (APP/AFP): The British pound reversed its 10-day fall Wednesday on easing worries over a hard Brexit, while Samsung’s shares tumbled again after it slashed its earnings outlook due to the Galaxy Note 7 fiasco. Asian and European markets were broadly lower for the day, but US stocks were steady, taking in […]
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Tokyo shares open higher
TOKYO, Oct 13, (APP/AFP) – Tokyo shares opened higher on Thursday as investors picked up exporters on a weaker yen. The benchmark Nikkei 225 index gained 0.52 percent, or 86.82 poits, to 16,926.82 in the first few minutes of trading while the broader Topix index was up 0.48 percent, or 6.44 points, at 1,348.79. APP/AFP/anmð […]
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Tokyo stocks fall by break on weak China trade data
TOKYO, Oct 13, (APP/AFP) – Tokyo stocks lost early gains Thursday morning as weak Chinese trade data knocked sentiment and sparked yen buying, a negative for Japanese equities. The benchmark Nikkei 225 index, which opened in positive territory, fell 0.39 percent, or 65.74 points, to 16,774.26 by the lunch break. The broader Topix index of […]
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Hong Kong stocks lower at open
HONG KONG, Oct 13, (APP/AFP) – Hong Kong shares fell in the first few minutes of trade Thursday, following two straight days of losses, after Federal Reserve minutes showed policymakers were ready to lift US interest rates soon. The Hang Seng Index eased 0.46 percent, or 106.67 points, to 23,300.38. In Shanghai, the benchmark composite […]