Nintendo shares tumbled as much as seven percent on Friday after the Japanese games giant failed to impress with a teaser video of its hotly awaited Switch 2 console.The brief clip released Thursday showed a gadget that is bigger but broadly similar in appearance to the original hybrid Switch, which can be handheld or connected …
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The US Trade Representative said Thursday that its probe into China’s practices in the shipbuilding, maritime and logistics sectors found that Beijing’s undermining of fair competition warranted “urgent action.”The conclusion comes after the USTR launched an investigation last year, responding to a petition by five unions.”Beijing’s targeted dominance of these sectors undermines fair, market-oriented competition, …
US trade envoy finds China’s shipbuilding policies warrant ‘urgent action’ Read More »
Nintendo shares tumbled more than seven percent on Friday after the Japanese games giant failed to impress with a brief video preview of its highly anticipated new Switch 2 console.In late morning trade in Tokyo, Nintendo shares were down 7.04 percent after the company released a slick two-minute trailer on Thursday.The new gadget is bigger …
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Fri, 17 Jan 2025 00:17:11 GMT
Wall Street equities finished lower Thursday following a mixed US retail sales report, while European luxury stocks pushed higher following strong results from Cartier owner Richemont.Major US indices spent part of the day in positive territory but were unable to extend Wednesday’s rally in a session Briefing.com described as “lackluster.”US retail sales grew 0.4 percent …
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China is set on Friday to post some of its weakest growth in decades, as leaders grapple with economic doldrums and nervously eye a potential trade standoff with incoming US President Donald Trump.Beijing in recent months announced its most aggressive support measures in years, battling headwinds that include a prolonged property market debt crisis and …
China set to post sluggish growth as doldrums deepen Read More »
Strong bank earnings failed to sustain a rally on Wall Street, but stocks in Europe and Asia pushed higher.More US banks reported robust earnings Thursday, but US retail sales data disappointed. “There is a good bit of news to digest this morning, including another batch of better-than-expected earnings results from the likes of Bank of America, …
Nintendo is betting on the 2025 release of a bigger, better version of its blockbuster Switch console to keep up the success of the third best-selling games machine of all time.But the Japanese giant is keeping players waiting for full details of the successor model, showing off the console’s appearance in a slick video Thursday …
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Global equities mostly pushed higher on Thursday as strong earnings and inflation data reassured investors.On Wall Street, both the S&P 500 and Nasdaq pushed higher at the opening bell thanks to robust bank earnings.”There is a good bit of news to digest this morning, including another batch of better-than-expected earnings results from the likes of …
The head of one of China’s biggest property firms has been “taken away” by police, state-backed media reported Thursday, as a prolonged housing slump continues to hit the world’s second-largest economy.Zhu Jiusheng, CEO of Vanke, was “taken away by public security authorities”, the Economic Observer reported, citing sources.Hong Kong-listed Vanke, which is part-owned by the …
China property giant Vanke’s CEO ‘taken away’ by police: report Read More »
