Fears of peak iPhone rattle Asian Apple suppliers
11/13/2018, 7:01:51 AMShares in Asian suppliers and assemblers for Apple Inc fell on Tuesday after sev... ✔ FILE PHOTO: People handle the new Apple iPhone XS and iPhone XS Max during a media tour at an Apple office in Shanghai, China, September 21, 2018 ✔ Up through the first half of 2019 we likely won’t see any breakthrough ✔ Our Standards:The Thomson Reuters Trust Principles
Shares of Apple suppliers in Asia sink amid worries about iPhone demand
11/13/2018, 5:32:27 AMShares of some major Apple suppliers fell in Asian trading Tuesday — some to multi-year lows — after the iPhone maker's stock plunged on concerns about customer demand. ✔ In Taiwan, Hon Hai Precision, better known as Foxconn, fell more than 2 percent to its lowest in nearly a month ✔ Pegatron briefly fell more than 5 percent to its lowest since May 2014, before recovering losses and trading higher ✔ CNBC's Todd Haselton and Lauren Feiner contributed to this report
The three-minute chat that wiped billions off stocks
11/13/2018, 6:23:49 AMA downgrade by an Apple supplier triggered a plunge in the iPhone maker's shares that reverberated through stock markets in the US and Asia. ✔ Opinion Business Markets Sharemarket The three-minute chat that wiped billions off stocks By Tim Culpan13 November 2018 5:16pm Normal text sizeLarger text sizeVery large text size A three-minute conversation on stage at UBS's Global Technology Conference in San Francisco helped wipe more than $US190 billion ($264 billion) from global stocks ✔ On Monday, the company announced a 17 per cent cut in its December-quarter revenue outlook ✔ Q: You took down numbers for the December quarter by $US70 million, which implies 20 million phone units
Tech shares lead Asia lower as Apple-led rout widens
11/13/2018, 7:53:02 AMundefined ✔ Lumentum shares tumbled 33 per cent in New York We recently received a request from one of our largest industrial and consumer customers for laser diodes for 3D sensing to materially reduce shipments to them during our fiscal second quarter for previously placed orders that were originally scheduled for delivery during the quarter, said Alan Lowe, president and chief executive
Virgin Media Black Friday 2018 - Deals announced with prices dropped to ‘lowest ever’
11/13/2018, 6:08:27 AMVIRGIN Media announces a swathe of deals from its Virgin Mobile brand with smartphones such as the Galaxy S9, Xperia XA2 and Apple iPhone 8 reduced in price. ✔ There’s no upfront fees and this deal is available from 13th November until 4th December ✔ Those wanting the deal will need to sign up to a new 18-month contract and there is a £75 upfront fee but it does include a Sky Q 2TB box which usually costs £199
Business Live: Tuesday 13 November
11/13/2018, 6:17:47 AMAll the day's business news and views from the UK and beyond, as it happens. ✔ The Nikkei 225 index was down 2.4% in afternoon trading, while Hong Kong's Hang Seng index lost 0.3% and Shanghai Composite put on 0.3% ✔ In Tokyo, screen maker Japan Display slumped more than 7% and assembler Foxconn dropped 3% in Taipei ✔ You can get in contact with us at: bizlivepage@bbc.co.uk
Fast Europe Open: Germany CPI, UK unemployment
11/13/2018, 6:28:16 AMundefined ✔ The sell-off overnight in New York came as Apple slumped 5 per cent on concerns over demand for its iPhone after two of the tech giant’s suppliers cut their outlook ✔ 07.00: Germany consumer price index (final) 09.30: UK unemployment 10.00: Germany ZEW economic sentiment survey
European stocks seen mixed after pullback in tech stocks; politics and oil prices in focus
11/13/2018, 5:25:06 AMEquity markets are poised for a mixed open on Tuesday in Europe, after a rout in tech stocks on Wall Street. ✔ He said that the group of oil producers OPEC should not cut supply to prop up the market ✔ In Europe, Brexit and Italy continue to be the main issues for investors ✔ In terms of earnings, Vodafone, EDF and Innogy will report ✔ And the data calendar includes economic sentiment in the euro zone at 10 a.m. London time
Tech shares gain to help Hong Kong endure Wall Street drag
11/13/2018, 5:23:07 AMEnergy producers slide on oil retreat, while VTech drops after half-year results ✔ HONG KONG (Nikkei Markets) -- Hong Kong shares erased most of their morning session losses by noon on Tuesday, as some technology companies endured an overnight sell-off on Wall Street to recover and mainland markets advanced ✔ The yuan strengthened 0.1% to 6.9542 against the dollar
Bank of Japan’s balance sheet now larger than country’s GDP
11/13/2018, 4:05:17 AMJapan's central bank has become the first among Group of Seven nations to own assets collectively wo ✔ The BOJ's assets started ballooning when Governor Haruhiko Kuroda took the helm at the central bank in early 2013, vowing that such steps would boost Japan's inflation to two percent in two years ✔ In late October, the BOJ said it would reduce the frequency of its bond buying operations in November and aim to have government bonds traded in the secondary market longer than they currently are
BOJ's total assets exceed country's GDP for first time
11/13/2018, 6:49:39 AMJapan's central bank has become the first among G7 nations to own assets collectively worth more than the country's entire economy, following a half-decade spending spree designed to accelerate weak price growth. The 553.6 trillion yen ($4.87 trillion) of assets the Bank of Japan holds are worth more than five… ✔ The BOJ's assets started ballooning when Governor Haruhiko Kuroda took the helm at the central bank in early 2013, vowing that such steps would boost Japan's inflation to two percent in two years ✔ In late October, the BOJ said it would reduce the frequency of its bond buying operations in November and aim to have government bonds traded in the secondary market longer than they currently are
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