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Taiwan growth slows in Q2 as exports plunge

published about 1 hour ago
Taiwan growth slows in Q2 as exports plunge
Taiwan's economy grew at its slowest pace in three years in April-June, data showed Friday, hammered by a plunge in its key export sector and falling demand in China. The results underscore the challenge Taipei faces in diversifying from its traditional mainstays of electronics and hardware exports, as it tries to encourage tech innovation from smaller homegrown businesses as one way to boost the economy. Growth came in at just 0.64 percent year-on-year in the second quarter, sharply down from ... more

South Africa's ArcelorMittal reports wider H1 loss

published about 2 hours ago
South Africa's ArcelorMittal reports wider H1 loss
Africa's largest steelmaker ArcelorMittal South Africa said on Friday its half-year losses widened amid lower international demand and a weak economy in its home market. Its headline loss per share rose to nearly 25 cents per share for the six months ended 30 June from 2 cents a year earlier, the unit of ArcelorMittal said in a filing on the Johannesburg Securities Exchange. "Locally, the economy is nearly at a standstill due to electricity supply constraints, infrastructure development delays and ... more

China rebound, other Asian markets mostly up after US data

published about 2 hours ago
SEOUL, South Korea (AP) — China's stock market rebounded while other Asian stocks also mostly gained Friday after data showed the U.S. economy posted solid growth during the second quarter.

Asia stocks mostly up, dollar edges lower

published about 3 hours ago
Asia stocks mostly up, dollar edges lower
Most Asian markets advanced Friday on a healthy batch of economic growth data out of the United States but Shanghai sank again after the previous day's sell-off. The dollar ticked lower following a recent rally, although analysts expect it to continue its advance with expectations for a Federal Reserve interest rate rise as soon as September. Tokyo added 0.15 percent, Hong Kong gained 0.62 percent, and Sydney rose 0.38 percent, but Shanghai slipped 2.10 percent as it struggles to recover ... more

Noble Group Shares Keep Falling

published about 5 hours ago
Shares of commodities trader Noble Group slumped for a second-straight session as short sellers piled in.