AFP Asia Business

Asian markets fluctuated Tuesday as attention turned to the Federal Reserve’s upcoming policy decision, with traders hoping for guidance on its interest rate plans as president-elect Donald Trump prepares to take office.The decision, which is expected to see officials lower borrowing costs again, comes in a busy week for central banks, with announcements in Japan …

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TikTok asked the US Supreme Court on Monday to temporarily block a law that would force its Chinese owner to sell the popular online video-sharing platform or shut it down a month from now.The appeal to the nation’s top court came on the same day that TikTok Chief Executive Shou Zi Chew met with US …

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Global shares mostly retreated Monday as markets awaited a Federal Reserve interest rate decision while concerns over political battles in Europe and China’s struggling economy pressured equities.The Nasdaq was the day’s outperformer, surging more than one percent to a fresh all-time high behind big gains for Broadcom, Google-parent Alphabet and other tech names.But the Dow …

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US President-elect Donald Trump on Monday praised Japan’s SoftBank for its decision to invest $100 billion in the United States and create 100,000 new jobs, a big win for his incoming administration.”This historic investment is a monumental demonstration of confidence in America’s future,” Trump said during a press conference at his Mar-a-Lago residence in Florida, …

Trump touts $100 bn SoftBank investment, vowing 100,000 jobs Read More »

The Japanese tech titan SoftBank will invest $100 billion in the United States, creating at least 100,000 jobs, US President-elect Donald Trump said Monday, in a boost to his incoming administration.”This historic investment is a monumental demonstration of confidence in America’s future,” Trump said during a press conference at his Mar-a-Lago residence in Florida.  “It …

SoftBank pledges to invest $100 bn into US, creating 100,000 jobs Read More »

Global shares stalled Monday ahead of an expected US interest-rate cut later this week while concerns over political battles in Europe and China’s struggling economy sent other world markets lower.Wall Street offered little cheer as the Dow marked time although the tech-heavy Nasdaq and the broad-based S&P 500 were just in the green some two …

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The head of Japan’s SoftBank is set to announce plans on Monday to invest $100 billion in the United States over the next four years, a spokesperson for US President-elect Donald Trump’s transition team told AFP.SoftBank’s billionaire chief executive Masayoshi Son and Trump are expected to jointly announce the planned investment at the president-elect’s Mar-a-Lago …

SoftBank CEO set to announce $100 bn US investment Read More »