Saturday, July 25, 2015
Asian markets mostly fell Friday following more downbeat Chinese data and another sell-off on Wall Street while the dollar edged up ahead of an expected U.S. interest rate rise.
Oil prices rose in Asia on Friday following recent losses but analysts said the rebound is unlikely to be sustained because of a global crude glut.
The euro lost early gains in Asia on Friday after getting a boost from progress in the Greek debt crisis, while the dollar rose against most Asian currencies as investors bet on a U.S. rate hike this year.
Friday, July 24, 2015
The Japanese buyer of the Financial Times wants to move beyond its roots to tap international markets made easier to reach by the digital age.
The EU accused six top Hollywood studios and the Sky TV pay channel on Thursday of breaching antitrust laws, in the latest salvo in Brussels' efforts to break down digital barriers in Europe.
Hon Hai Precision Industry Co. (鴻海) moved up one notch to 31st on the 2015 Fortune 500 list of the largest companies in the world, while three other Taiwanese enterprises reentered the rankings this year.
Pearson PLC, the owner of the Financial Times, said Thursday it has agreed to sell FT Group to Nikkei Inc. for 844 million pounds (US$1.3 billion), payable in cash.
Japan's trade deficit narrowed sharply last month as exports of automobiles and electronic parts picked up while a sky-high energy import bill continued to fall, finance ministry data showed Thursday.
South Korea's economy slowed in the second quarter, with consumer spending stifled by an outbreak of Middle East Respiratory Syndrome (MERS) and exports failing to lift from a lengthening slump.
The Ministry of Finance (MOF, 財政部) said that it is rolling out a financing platform to allow Miaoli County to repay its creditors as soon as possible.