Fed cheer lifts Asian shares, leaves dollar on back foot
Asian shares advanced on Wednesday after comments from Federal Reserve officials suggested a U.S. rate cut this year was on the cards, boosting investor sentiment and pushing the dollar lower.
TSMC expects short-term impact from U.S. ban on China’s Huawei
Washington’s move to ban U.S. companies from doing business with China’s Huawei Technologies will have a short-term impact on Taiwan’s TSMC, its chairman said on Wednesday, although he was upbeat on the outlook for this year.
Samsung Electronics to cut China phone output as market share sinks
South Korea’s Samsung Electronics Co Ltd said on Wednesday it plans to cut production at a smartphone plant in China, as competition from domestic rivals squeezes its share of the world’s biggest smartphone market to less than a paltry 1%.
Mexican officials to meet Pence in last-ditch talks to avert tariffs
Mexican officials will seek to persuade the White House in talks hosted by U.S. Vice President Mike Pence on Wednesday that their government has done enough to stem immigration and avoid looming tariffs.
Asian stocks bounce on Wall Street’s Fed cheer; dollar stays weak
Asian shares tracked Wall Street’s rally on Wednesday, after U.S. central bank comments pointed to increasing prospects of an interest rate cut, boosting investor sentiment and pushing the dollar lower.
Apple asks developers to place its login button above Google, Facebook
Apple Inc will ask developers to position a new “Sign on with Apple” button in iPhone and iPad apps above rival buttons from Alphabet Inc’s Google and Facebook Inc, according to design guidelines released this week.
Samsung Electronics says to cut production volume at China mobile phone plant
Samsung Electronics Co Ltd said on Wednesday it has decided to cut the volume of mobile phone production at its plant in the Chinese city of Huizhou due to the impact of intensifying competition in the country.
Asian shares catch Wall Street’s Fed cheer; dollar remains weak
Asian shares tracked the Wall Street rally on Wednesday after U.S. central bank comments pointed to the increasing prospects of an interest rate cut, boosting investor sentiment and pushing the dollar lower.
Apple forces developers to place its login button above Google, Facebook
Apple Inc will require developers to position a new “Sign on with Apple” button in iPhone and iPad apps above rival buttons from Alphabet Inc’s Google and Facebook Inc, according to developer guidelines released this week.
American Airlines top executives buy company shares worth $2.4 million
American Airlines Group Inc’s top six executives on Tuesday bought 85,000 shares of the company’s common stock on the open market for about $2.4 million, at a time when the share price has significantly underperformed the U.S. transport sector.
