Wall Street shares rose in a holiday-shortened session as the Black Friday shopping spree got under way and traders speculated whether Donald Trump may temper his trade tariff threats.The yen rallied against the dollar as higher inflation in Japan fuelled expectations that the central bank will hike interest rates again.Traders are closing out a rollercoaster …
The yen rallied against the dollar and the euro also advanced versus the US unit Friday as traders reacted to news of higher inflation in Japan and the eurozone.European and Asian stock markets traded mixed before Wall Street reopens from a break Thursday for the Thanksgiving holiday, and as consumers in the United States and …
The yen rallied Friday after forecast-busting inflation data out of Tokyo boosted talk of another Japanese interest rate hike next month, while equity markets were mixed as traders weigh the economic outlook during a second Trump administration.With Wall Street closed for the Thanksgiving break, there were few catalysts to drive business heading into the weekend …
Yen rallies on rate hike bets as equity markets swing Read More »
Hong Kong property developer New World Development said on Friday that Eric Ma will step down as chief executive officer after having spent just two months on the job.The sprawling business empire, run by Hong Kong’s third-richest family, reported an annual loss of over US$2.5 billion in late September. Former Hong Kong development minister Ma took …
Hong Kong’s New World Development replaces CEO after two months Read More »
Japan’s unpopular minority government approved on Friday an extra budget to help pay for a massive stimulus package after the ruling coalition’s worst election result in 15 years.The hoped-for lift to the economy is also aimed at boosting Prime Minister Shigeru Ishiba’s popularity after a gaffe-riddled start including an embarrassing video of him eating.The extra …
World Trade Organization chief Ngozi Okonjo-Iweala is expected to be reappointed Friday for a second term, in the shadow of the coming return of Donald Trump and his disdain for international trade rules.Okonjo-Iweala, the first woman and the first African to head the WTO, is the only candidate in the race, paving the way for …
WTO chief faces heavy task as Trump threat looms Read More »
Japanese electronics giant Sony is set to celebrate 30 years since it launched the PlayStation console, the little grey box that catapulted the firm into the gaming big league.PlayStation was Sony’s first foray into the world of video games and when it hit the shelves in Japan on December 3, 1994, the company needed to sell …
PlayStation at 30: How Sony’s grey box conquered gaming Read More »
Since 1994, PlayStation’s five consoles have changed video game history. From the development of the controller to scuffles at stores to Saddam Hussein’s military, here are five interesting things to know:- Grey or bust -The original PlayStation, launched in Japan on December 3, 1994 was grey — inspired by the “workstation” computers of the era, …
PlayStation: Fun facts to know as Sony’s console turns 30 Read More »
The PlayStation has been a colossal consumer hit, but three decades ago, its creator Ken Kutaragi struggled to convince both game-makers and his bosses at Sony that his console would be a winner.”Everyone told us we would fail,” Kutaragi told AFP in a rare interview.With revolutionary 3D graphics and grown-up titles like “Tomb Raider” and …
Father of PlayStation says ‘everyone told us we would fail’ Read More »
President Joe Biden on Thursday warned against damaging relations with Canada and Mexico, after Donald Trump threatened to slap tariffs on both US neighbors when he takes office in January.”I think it’s a counterproductive thing to do,” Biden told reporters when asked about his successor’s plan.”The last thing we need to do is begin to screw …
Biden slams Trump tariff threats as ‘counterproductive’ Read More »
