Japan’s Sony Corp lifted its full-year operating income forecast on Tuesday, expecting to book its highest-ever profit due to strong sales of image sensors used in smartphones and other devices. Continue Reading Below The electronics firm forecast profit of 630 billion yen ($5.57 billion) for the year ending March, from […]
FOX News
China’s Xi promises reform in event with US business leaders
BEIJING – President Xi Jinping has promised to open China’s economy wider during a meeting with American business leaders ahead of a visit by U.S. President Donald Trump amid trade tensions. Continue Reading Below Xi spoke Monday to members of an advisory board to Beijing’s Tsinghua University business school that […]
Asian shares sag after Wall St pull-back, weak China data
TOKYO – Shares were mostly lower Tuesday in Asia after markets retreated from their record highs overnight and China reported weak manufacturing data. Continue Reading Below KEEPING SCORE: Japan’s Nikkei 225 index lost 0.1 percent to 21,990.80 as the yen gained against the U.S. dollar, hurting exporters’ shares. Hong Kong’s […]
Japan central bank keeps policy intact, cuts price outlook
TOKYO – The Bank of Japan has wrapped up a policy meeting with no changes to its ultra-lax stimulus program, but slightly raised its forecast for growth in this fiscal year. Continue Reading Below The central bank did cut its outlook for inflation for the full fiscal year, which ends […]
New Zealand moves to ban foreigners from buying homes
WELLINGTON, New Zealand – New Zealand’s new government is moving quickly to fulfill a campaign promise by banning foreign investors from buying homes. Continue Reading Below Prime Minister Jacinda Ardern announced Tuesday that she expects to introduce new laws within weeks that would take effect early next year. She said […]
Apple could drop Qualcomm components in next year’s iPhones, iPads: sources
Apple has designed iPhones and iPads that would drop chips supplied by Qualcomm, according to two people familiar with the matter. Continue Reading Below The change would affect iPhones released in the fall of 2018, but Apple could still change course before then, these people said. They declined to be […]
China’s October factory growth cools as output weakens
HONG KONG – Chinese manufacturing activity expanded in October at a slower pace than in the previous month as output weakened on softer demand in the world’s No. 2 economy, according to an official survey released Tuesday. Continue Reading Below The purchasing managers’ index fell to 51.6 from September’s 52.4, […]
Mnuchin, Cohn field New York GOP concerns in late night call ahead of tax reform final plan
House Republicans from New York voiced their concerns to Treasury Secretary Steven Mnuchin and National Economic Council Gary Cohn about the possibility of losing their coveted state and local tax deduction during a phone conference on Monday night, FOX Business has confirmed. Continue Reading Below As earlier reported by FOX Business, all […]
Qorvo Investors Will Be Scrutinizing the iPhone Effect
Apple (NASDAQ: AAPL) supplier Qorvo (NASDAQ: QRVO) has a lot to prove when it releases its second-quarter earnings after the market closes on Nov 1. Investors have given the chipmaker the benefit of the doubt so far this year, with the stock gaining roughly 40% so far in 2017 despite […]
2 Things You Missed in Netflix Inc.’s Quarterly Report
When Netflix (NASDAQ: NFLX) reports earnings, it’s always a big event. Headlines flare, column inches grow into column miles, and share prices either plunge or soar on the news. Everybody has an opinion, pro or con. Continue Reading Below The recent third-quarter report was no exception. Netflix crushed every estimate […]