Foreign Business

Credit to Author: Agence France-Presse| Date: Thu, 07 Nov 2019 13:00:33 +0000

HONG KONG: Asian markets mostly rose on Thursday, but investors were on edge after being spooked by speculation the much-anticipated signing of the China-US trade pact had run into a jam. Broad optimism that the economic superpowers would soon complete part one of a wider agreement has been the basis of a rally in global equities […]

Credit to Author: Agence France-Presse| Date: Tue, 05 Nov 2019 15:29:51 +0000

TOKYO: In a country notorious for overwork, Microsoft Japan trialed a radical idea: working less. And it found that four-day weeks and other reforms both boosted sales and cut costs. The Japanese unit of the US information technology (IT) giant closed its offices every Friday in August, giving all 2,300 full-time workers special leave. It […]

Credit to Author: Agence France-Presse| Date: Thu, 31 Oct 2019 16:25:11 +0000

SAN FRANCISCO: Facebook (FB) on Wednesday (Thursday in Manila) reported that its quarterly profit grew along with its user base as it grapples with concerns ranging from political ads to cryptocurrency. The leading social network said its profit topped $6 billion on revenue that climbed 28 percent to $17.4 billion in the quarter that ended […]

Credit to Author: Agence France-Presse| Date: Fri, 25 Oct 2019 18:53:46 +0000

SEOUL: The heir to the Samsung Empire arrived at court on Friday for a retrial over a sprawling corruption scandal that threatens to disrupt management at the world’s biggest smartphone and memory chip maker. Lee Jae-yong is vice-chairman of Samsung Electronics — where profits have been falling for months — and was jailed for five […]

Credit to Author: Agence France-Presse| Date: Fri, 25 Oct 2019 18:49:57 +0000

WASHINGTON, D.C.: President Donald Trump once again attacked the US Federal Reserve (Fed) on Thursday (Friday in Manila), calling for more interest rate cuts to stimulate the US economy just days before a key policy meeting. “The Federal Reserve is derelict in its duties if it doesn’t lower the [R]ate and even, ideally, stimulate,” he […]

Credit to Author: Agence France-Presse| Date: Fri, 25 Oct 2019 18:44:33 +0000

SAN FRANCISCO: Amazon on Thursday (Friday in Manila) reported quarterly profits shy of Wall Street forecasts as it poured money into speeding up delivery time to just a day. Net income slid 27 percent from last year to $2.1 billion, with profits pressured by Amazon’s spending on fast deliveries and its lucrative Amazon Web Services […]