AFP

US President-elect Donald Trump on Monday praised Japan’s SoftBank for its decision to invest $100 billion in the United States and create 100,000 new jobs, a big win for his incoming administration.”This historic investment is a monumental demonstration of confidence in America’s future,” Trump said during a press conference at his Mar-a-Lago residence in Florida, …

Trump touts $100 bn SoftBank investment, vowing 100,000 jobs Read More »

The Japanese tech titan SoftBank will invest $100 billion in the United States, creating at least 100,000 jobs, US President-elect Donald Trump said Monday, in a boost to his incoming administration.”This historic investment is a monumental demonstration of confidence in America’s future,” Trump said during a press conference at his Mar-a-Lago residence in Florida.  “It …

SoftBank pledges to invest $100 bn into US, creating 100,000 jobs Read More »

Global shares stalled Monday ahead of an expected US interest-rate cut later this week while concerns over political battles in Europe and China’s struggling economy sent other world markets lower.Wall Street offered little cheer as the Dow marked time although the tech-heavy Nasdaq and the broad-based S&P 500 were just in the green some two …

Global stocks stall, bitcoin soars to new peak Read More »

The head of Japan’s SoftBank is set to announce plans on Monday to invest $100 billion in the United States over the next four years, a spokesperson for US President-elect Donald Trump’s transition team told AFP.SoftBank’s billionaire chief executive Masayoshi Son and Trump are expected to jointly announce the planned investment at the president-elect’s Mar-a-Lago …

SoftBank CEO set to announce $100 bn US investment Read More »

The head of Japan’s SoftBank is set to announce plans on Monday to invest $100 billion in the United States over the next four years, a spokesperson for US President-elect Donald Trump’s transition team told AFP.SoftBank’s billionaire chief executive Masayoshi Son and Trump are expected to jointly announce the planned investment at the president-elect’s Mar-a-Lago …

SoftBank CEO set to announce $100 bn US investment Read More »

Wall Street shares mostly rose Monday ahead of an expected US interest-rate cut later this week while concerns over political battles in Europe and China’s struggling economy sent other world markets lower.Bitcoin, meanwhile, hit a new record high at $106,493.43 as it continues to gain support from Donald Trump’s backing of cryptocurrencies.In New York, the …

US stocks mostly rise, bitcoin hits new record Read More »

Malaysian automaker Proton unveiled the country’s first locally-produced electric vehicle on Monday, after the government pledged to boost EV uptake on the roads.Proton — which is backed by Chinese automotive giant Geely — launched the e.MAS 7 SUV at the Malaysia International Trade and Exhibition Centre in Kuala Lumpur.The cheapest e.MAS 7 will be priced …

Malaysia launches first locally made electric vehicle Read More »

Major stock markets and oil prices retreated Monday after an unexpected slowdown in retail sales reinforced worries about China’s struggling economy.The dollar mostly rose as traders looked ahead to interest-rate decisions this week from the US Federal Reserve, Bank of Japan and Bank of England.Bitcoin hit a new record high at $106,493.43.”China remained the central …

Stock markets retreat as China data disappoints Read More »

Most markets fell on Monday after an unexpected slowdown in retail sales reinforced worries about China’s economy, with the latest batch of weak data compounding the disappointment of Beijing’s latest stimulus pledges.The tepid start came on the year’s last full week of trading, with the focus on key monetary policy decisions by the US Federal …

Equity markets struggle after more weak China data Read More »

Asian markets mostly fell Monday after an unexpected slowdown in retail sales reinforced worries about China’s economy, with the latest batch of weak data compounding the disappointment of Beijing’s latest stimulus pledges.The tepid start came on the year’s last full week of trading, with the focus on key monetary policy decisions by the US Federal …

Asian markets struggle after more weak China data Read More »