Economic news

Nintendo is launching Switch in China as it joins forces with Tencent. However, Switch will have a tough road ahead as it faces gaming mobile phones as its competition. On Wednesday, Nintendo, in partnership with Tencent, announced that the Switch will be available in China starting December 10 at 2,099 yuan ($297).  Nintendo Switch will […]

TOKYO- Japan’s benchmark Nikkei found its momentum on Thursday brought by gains in steelmaking sector. Such followed after US President Donald Trump’s comments which encouraged market optimism on Sino-US trade talks. The Nikkei 225 index acquired 0.89% gains to 23,346.05, rallying above the 25-day moving average of 23,275. The broader Topix swiped in 0.5% to […]

Japan’s Nintendo Co will officially launch its Switch gaming console in mainland China for the price of 2,099 yuan or $298. The launch is set on Dec. 10 in partnership with Tencent Holdings Ltd., a Chinese internet-based platform company and the world’s biggest gaming company. A few days ahead of the launch, pre-orders have begun […]

Japan’s parliament approves a trade pact with the U.S. Japan’s parliament has approved a trade pact with the U.S. which would open the country’s markets to American beef and other agricultural products. The U.S. has been pressing for the agreement to come into force by January 1; a way that could help Trump land votes […]

Trump Administration considers to ban Huawei from U.S. banking system Chinese telecoms giant, Huawei came into the spotlight again amid the prolonged U.S.-China tensions as the Trump Administration reportedly considered banning the company from the U.S. financial system earlier this year. According to a Reuters report, the White House has considered putting Huawei on the […]

TOKYO- Japan’s Nikkei recorded lowest data in two weeks on Wednesday as market anxiety pressed due to US President Donald Trump’s remarks, while firmer yen dampened investors’ appetite. The Nikkei 225 index shed a total of 1.24% to 23, 089.21 as it tailed under its 25-day moving average of 23,253. “In some ways, I like […]

The European Union-backed France said on Tuesday it is ready to act against the U.S. threat of imposing tariffs on French products including champagne, cheese, and handbags amounting to $2.4 billion. U.S. President Donald Trump threatened to impose duties of up to 100% on French imports after its investigation revealed that a new digital services […]

South Korean high court upheld $873 million fine on US chip giant Qualcomm over unfair business practices linked to patent licensing and modern chip sales. Qualcomm’s appeal against the penalty sanctioned by the Korea Fair Trade Commission (KFTC) in 2016 was rejected by the Seoul High Court, under the ruling of Judge Noh Tae-ak. The […]

Dec 4- Australian shares continued its negative performance on Wednesday as reemergence of previous concerns about global trade inflict Wall Street stocks and dragged mining and financial sectors down. Market sentiment on Sino-US trade pact dimmed as US President Donald Trump suggested that the deal was far from getting signed as Commerce Secretary Wilbur Ross […]

The drop in US stocks on Monday urged one investor to fill up on stock options that would serve as a defense against a possible stronger hit on the US stocks next year. In early market on Monday, a large investor purchased 16,000 of January put options for the worth of $31 million dollars. The […]