HONG KONG,(APP/AFP) – Hong Kong and Shanghai shares tumbled Friday with energy firms hit by a slump in oil prices while investors await the release of US jobs data later in the day. The Hang Seng Index fell 0.69 percent, or 142.75 points, to close at 20,564.17. The benchmark Shanghai Composite Index fell 0.95 percent, […]
Business News
Hong Kong, Shanghai stocks end week on low
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Falling pound a boon for British tourism
LONDON, (APP/AFP) – On a sunny afternoon near Big Ben, two weeks since Britain’s historic decision to leave the European Union, little has changed for visitors to the capital London except that their visits are now cheaper. As tourists take selfies at the foot of the British parliament’s famous clock tower and at red telephone […]
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European stocks slip at open
LONDON, (APP/AFP) – Europe’s main stock markets eased at the opening with all eyes on the upcoming release of US jobs data as Brexit clouds still darkened sentiment. London’s benchmark FTSE 100 index dipped 0.2 percent compared with Thursday’s close to open at 6,522.33 points. In the eurozone, Frankfurt’s DAX 30 opened 0.3 percent lower […]
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Tokyo stocks close lower, Nintendo soars on Pokemon
TOKYO, (APP/AFP) – Tokyo stocks closed in the red Friday, their fourth straight loss as an early rally fizzled, but Nintendo skyrocketed as its Pokemon game debuted at the top of gaming charts. The benchmark Nikkei 225 index slumped 1.11 percent, or 169.26 points, to end at 15,106.98, while the Topix index of all first-section […]
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Dollar slips ahead of US jobs data
TOKYO, (APP/AFP) – The dollar slipped against the yen and euro Friday ahead of a US jobs report that will offer clues on what is in store for US monetary policy, while jittery investors sold emerging market currencies. While Britain’s decision to leave the European Union has raised questions about the outlook for the global […]
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Tokyo’s Nikkei slips again on strong yen
TOKYO, July 7, (APP/AFP) – Tokyo stocks slipped for a third straight session Thursday, hit by a strong yen as uncertainty over the effects of Britain’s shock vote to leave the EU sends nervous traders into safe investments. The Nikkei 225 dropped 0.67 percent, or 102.75 points, to close at 15,276.24, while the Topix index […]