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HuaweiLONDON - Weaker financial stocks, coupled with a decline in heavyweight telecoms group Vodafone, pushed Britain’s benchmark share index lower on Friday, although the index remained on track to record its seventh straight week of gains.
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SINGAPORE - Gold hovered near $1,580 per ounce on Friday as investors clung to hopes for more monetary easing from the US central bank after weak data in the previous session, but a dollar rebound will likely cap gains.
SanDisk Corp beat quarterly earnings and revenue forecasts on Thursday after a steep decline in margins on its flash memory chips was not as bad as feared, while the chip maker said it was optimistic about the second half.
SAN FRANCISCO - Google Inc’s core Internet business increased revenue by 21 percent in the second quarter, easing Wall Street worries that a slumping global economy would take a toll on the company’s online advertising.
SEOUL - The Renault-Nissan alliance said on Friday it will invest $160 million to produce 80,000 Nissan Rogue vehicles at Renault’s South Korean factory in an attempt to increase the cost competitiveness of the struggling operation.
TOKYO - The Nikkei share average slipped on Friday as weak U.S. economic data raised concerns over the health of the world’s largest economy and its impact on the export-reliant Japanese economy.
SHANGHAI - Apple Inc staged a low-key launch of its latest iPad in China on Friday, free of the chaotic scenes that plagued the tech darling’s previous product debuts in its most promising growth market.
SINGAPORE - Gold hovered near $1,580 an ounce on Friday as investors clung onto hopes for more monetary easing from the U.S. central bank after weak data in the previous session, but a dollar rebound would likely cap gains.
The US housing sector was ready to get back to work while the construction industry continued to struggle on the jobs front, said the US mortgage giant Freddie Mac in a report.
India’s government appears set to relax heavily criticised sourcing rules for retailers, anxious not to scare off IKEA — one of the few big name firms that has said it will invest in the country — or any others willing to follow.
