BANGKOK (AP) — Shares were mostly higher in Asia on Wednesday after U.S. stocks rallied on heavy buying of technology companies. Advancing Chinese technology shares also pushed Hong Kong sharply higher. Benchmarks likewise rose in Tokyo, Seoul and Sydney. Shanghai declined. Oil prices remained near $120 per barrel. Investors are waiting for more clarity on…
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday lifted its benchmark interest rate for a second time in five weeks, changing the cash rate to 0.85% from 0.35%. When the Reserve Bank of Australia’s lifted the rate by a quarter percentage point at its last monthly board meeting on May 3, it was the…
Apple on Monday provided a peek at upcoming tweaks to the software that powers more than 1 billion iPhones and rolled out two laptops that will be the first available with the next generation of a company-designed microprocessor. As usual, Apple spent most of the opening day of its annual developers conference touting the next…
FARMINGTON HILLS, Mich. (AP) — Two years ago, struggling Nissan Motor Co. announced a restructuring plan to cut costs and revamp its aging model lineup in an effort to rebuild sales as the coronavirus pandemic eased. Jérémie Papin, the company’s chairman for the Americas, says the turnaround is happening. In May, Nissan reported its first…
KYIV, Ukraine — A theater in Ukraine’s capital has reopened for the first time since Russian forces invaded the country, and tickets sold out for Sunday’s performance. Theater on Podil was the latest cultural institution in Kyiv to resume operations. Movie theaters and the National Opera opened their doors at the end of May. “We…
BEIJING (AP) — Asian stock markets were mixed Tuesday following a bond sell-off on Wall Street amid anxiety about higher U.S. interest rates. Shanghai and Tokyo advanced while Hong Kong and Seoul declined. The yen, already trading at two-decade lows, fell further to below 132 to the dollar. Wall Street’s benchmark S&P 500 index rose…
DETROIT (AP) — Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot and fake accounts. Lawyers for the Tesla and SpaceX CEO made the threat in a letter to Twitter dated Monday that the company disclosed…
MOSCOW (AP) — Voters in the Central Asian nation of Kazakhstan have given overwhelming approval to proposed constitutional changes widely seen as an attempt to repudiate the legacy of former strongman Nursultan Nazarbayev, who led the ex-Soviet republic for three decades. Kazakhstan’s Central Election Commission said Monday that 77% of voters supported the constitutional amendments…
The bidding war over Spirit Airlines is ramping up again with JetBlue boosting its offer for the discount carrier just days after rival Frontier upped its own bid for Spirit. Spirit shareholders are also scheduled to vote Friday on Frontier’s offer. JetBlue said Monday that it will now provide a $350 million reverse break-up payable…
KYIV, Ukraine (AP) — Russia has begun turning over the bodies of Ukrainian fighters killed at the Azovstal steelworks, the fortress-like plant in the destroyed city of Mariupol where their last-ditch stand became a symbol of resistance against Moscow’s invasion. Dozens of the dead taken from the bombed-out mill’s now Russian-occupied ruins have been transferred…
