Economic news

Nov 14- Foreign investors were recorded to have bought Japanese stocks for five consecutive weeks last week. This was in light of the possibility of United States and China coming up with an interim trade deal that brought optimism. Investors purchased a 578.75 billion worth of Japanese stocks which include cash equities and futures as […]

Japanese economy slows to a near-halt as trade tensions pile Japan’s economy slowed to a near-halt in the third quarter. This was due to the continous fall of exports amid trade tensions whilst a shopping splurge before a sales tax increase ran down stockpiles of goods. Prime Minister Shinzo Abe has been mulling over the […]

Tencent shares slump down 2.7% after below-than-expected earnings Shares of Tencent Holdings went down 2.7% on Thursday after the company posted earnings that were below analysts’ estimates. The Hong Kong-listed index heavyweight’s net income also plunged 13% in the third quarter. The lowered profit was blamed on global economic turndown, tricky political consideration, and high […]

The German economy eluded recession in third quarter, saved by strong consumer spending that raised the output by 0.1% quarter-on-quarter. It withstood anticipations of a contraction, as shown by data released on Thursday. Europe’s largest economy expanded its gross domestic product by 0.5% from July to September, following a 0.3% raise from April to June. […]

LONDON-Britain warned that European citizens who fail to apply for Brexit’s new immigration status before deadline will be deported. In line with this, citizens who met listed exemptions will qualify for leniency. The government was reported to have already drafted a closed list of exemptions including physical and mental disability and children whose parents did […]

MOSCOW-Russia planned to cut the share of US dollar in its National Wealth Fund as it is currently eyeing on investing in other foreign currencies including Chinese Yuan, Russian Deputy Finance Minister Vladimir Kolychev said on Wednesday. The changes to the structure of the National Wealth Fund, which is part of Russia’s sovereign reserves, will […]

Hong Kong prepared for more tumults on Wednesday as the mass protests continue to spread violence around the city-state, paralyzing some transport links, schools, and businesses. Demonstrators scuffled with the police through the night at university campuses and other locations hours after a senior police officer said Hong Kong had been at the edge of […]

China’s e-commerce giant Alibaba Group is set to launch a Hong Kong share sale that is anticipated to raise $15 Billion as early as Thursday, according to the two sources knowledgeable of the discussions. As Alibaba executives prepare for the launch on Thursday, the sources said that the timing could get lost considering the developments […]

TOKYO- Japanese shares sunk lower on Wednesday after US President Donald Trump’s speech brought disappointment to investors as he disclosed very little information about the trade deal. In line with this, Hong Kong’s political unrest contributed to Nikkei’s underperformance as the city faced increased case of violence. The Nikkei shares plummeted with 0.85% to 23,319.87, […]

Toshiba Corp reported its second quarter profit, the company’s highest profit in over two years. The company is set to buy out three of its subsidiaries as it moves forward from a management crisis and accounting scandals. Toshiba reported an operating profit of 44.23 billion yen ($405.41 million) for the second quarter that ended in […]