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Investing.com - Asian equities traded broadly higher Monday morning, buoyed by good economic news out of China....
(Bloomberg) -- Stocks in Asia were set for a muted start to December as investors weighed data on China’s economy that showed a bright spot for manufacturing and the latest news on the trade front. The Australian dollar rose.Futures pointed marginally higher in Tokyo and Hong Kong. The S&P 500 Index dipped on Friday. On U.S.-China trade: the Global Times reported that China’s government wants tariffs to be rolled back as part of the phase one trade deal with the U.S. Oil was in focus after Iraq said OPEC and its allies will consider deeper production cuts.A gauge of China’s manufacturing sector jumped unexpectedly in November, signaling a recovery amid a stabilizing global economy. That comes ahead of data this week on American manufacturing and employment. Meantime, Black Friday hit a record $7.4 billion in U.S. online sales.In Hong Kong, clouds of tear gas returned over the weekend as police and...
Gentrack Group Limited (NZSE:GTK) stock is about to trade ex-dividend in 4 days time. This means that investors who......
Investing.com – The Chinese yuan stayed relatively steady as forex markets launched December with good news for China’s economy....
(Bloomberg) -- Nintendo Co.’s Switch console is poised for its best holiday shopping season yet.The company will probably sell 9.46 million units of Switch hardware and 64.73 million units of software in the quarter ending December, according to analyst estimates compiled by Bloomberg. While the forecast console numbers mark only a slight improvement on last year’s results, it’s games that deliver most of Nintendo’s profit, and software sales may climb about 23%.Achieving those numbers could prompt Nintendo to revise its conservative earnings outlook for the year ending March 2020. The Switch’s performance in its third holiday season will also hold clues for the console’s longevity in an industry where hardware is typically overhauled every five years and rivals Microsoft Corp. and Sony Corp. are already planning new machines for the end of 2020.“This is typically where sales begin to peak out, but it looks like the Switch may have a longer...
(Bloomberg) -- In the heart of New Delhi’s largest wholesale bazaar, merchants who normally compete with each other have united against a common enemy.“Amazon, Flipkart!” one merchant after another shouts into a microphone from a small stage in Sadar Bazaar’s central traffic circle. Some 50 other shopkeepers gathered around shout back in unison: “Go back! Go back!”The sit-in, which created more chaos than usual among the rickshaws, motorbikes and ox-carts plying the market road, was one of as many as 700 protests against Amazon.com Inc. and Walmart Inc. -- owner of local e-commerce leader Flipkart -- that organizers say took place at bazaars across India on a recent Wednesday.India’s shopkeepers are mobilizing against the global e-commerce giants, alleging they are engaged in predatory pricing in violation of new rules meant to protect local businesses. At stake is the future of retailing in a country with 1.3 billion consumers, where Walmart and...
(Bloomberg) -- Only once before has a leader of Nissan Motor Co. inherited challenges as monumental as those confronting Makoto Uchida, who is starting his first week as chief executive officer.The last time Nissan faced an existential crisis was two decades ago, when it was on the verg 7e of bankruptcy and was rescued by Renault SA, which took a stake in the Japanese carmaker and sent in Carlos Ghosn to turn it around. Ghosn later added Mitsubishi Motors Corp. to the pact, which became the world’s biggest carmaking alliance under the former chairman and CEO.Once again, Nissan needs to get its business in order. And fast. Ghosn’s arrest a year ago on charges of financial crimes unleashed corporate infighting, and damaged Nissan’s relations with Renault. Profits are at decade lows, 12,500 jobs will be cut and there are few new models to refresh an aging product lineup. Autonomous vehicles and...
