Few small businesses think now is the time to expand, and hiring is essentially flat. But wait—there may be a silver lining.» Read More
With a worldwide gross of over $6.2 billion, "The Lion King" stage musical has now achieved the most successful box office total of any work in any media in entertainment history, The Associated Press has learned.
LONDON, Sept 22- Concern about a slowdown in China hammered stocks and commodities on Monday while signs of differences between major economic powers on the need to stimulate growth further clouded the outlook. The slide was carried over into Europe, where fears over Chinese demand hit miners' shares.
LONDON, Sept 22- Major currencies recovered some ground against the dollar on Monday after the dollar index racked up a 10th straight week of gains, its longest winning streak since its free float in 1973..
Japanese firm Obayashi says its space elevator may be ready by 2050 as developments in carbon nanotechnology make stronger cables.
South Korea's Kospi fell 1 percent to 2,032.97 and Hong Kong's Hang Seng index dropped 1.2 percent to 24,006.28. THE QUOTE: "All eyes will be on China's HSBC flash PMI after the recent spate of soft data, especially industrial production and property prices last week," Mizuho Bank said in a commentary. HSBC's gauge of China manufacturing is due Tuesday.
*Nikkei heavyweight Softbank falls on profit-taking after Alibaba. TOKYO, Sept 22- Japan's Nikkei share average dropped on Monday as investors booked gains in heavyweight Softbank after the listing of Alibaba Group Holding Ltd, but the broader market held firm near six-year high.
Japan's manufacturers have fallen behind their Asian peers in terms of technology hence exports are not benefiting from a softer yen, says Khiem Do, Head of Asian Multi-Asset at Baring Asset Management.
Steve Goldman, Managing Director at Kapstream Capital, expects further liquidity injections from China's central bank in order to prop up growth.
The uranium sector could see a further lift in sentiment if Japan manages to restart some of its long-idled nuclear reactors, says Daniel Morgan, Global Commodity Strategist at UBS.
Left largely unspoken, though, are the deep worries in India over Chinese maneuvering in the Indian Ocean, where New Delhi's years of dominance is being chipped away by billions of dollars in aid from Beijing and gargantuan Chinese construction projects.
NEW YORK— Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 40 percent in a mammoth IPO that offered eager investors seemingly unlimited potential for growth and a way to tap into the burgeoning Chinese middle class.
LOS ANGELES, Sept 19- When Kathryn Slater-Carter learned her family would lose $1.5 million after McDonald's Corp did not renew the franchise agreement on one of their restaurants in the San Francisco suburbs, she tried for a second time to change state law to protect franchisee investments.
Opportunists cash in on the regulatory hurdles that caused launch delays in China for the new iPhone.
*Tokyo Gas, Osaka Gas, Gail offering 5- year deals- sources. The chance to ship LNG from the United States, where natural gas output is booming, was touted as the solution to Asia's soaring energy needs and mounting fuel import bill-- and firms rushed in to grab a slice of the affordable action.
TOKYO— The first Kuro, or black, burger had a signature black bun and sauce. Last year's edition, the Kuro Ninja, added a slice of bacon to the signature black components. Marketing Manager Kana Ienega said Burger King Japan wants people to try the burger and find it tasty even though it may look unappetizing at first.
*Tankan due 8:50 a.m. Oct 1. TOKYO, Sept 19- The mood of Japanese manufacturers is seen as less optimistic in the three months to September and it will probably improve only slightly in the coming quarter, indicating that a sale tax hike and slow recovery in exports are hurting firms' sentiment.
CAIRNS, Australia, Sept 19- Japanese Finance Minister Taro Aso said on Friday there was no discussion on currency moves at his meeting with U.S. He also said the two agreed on the need to achieve sustainable economic growth in Japan and the United States as the euro-zone economy stagnates.
*Schauble insists Europe needs to keep on reform path. CAIRNS, Australia, Sept 19- U.S. Treasury Secretary Jack Lew on Friday called on the euro zone and Japan to do more to spur growth as the global economy continues to disappoint, highlighting what is sure to be a bone of contention as Group of 20 ministers gather in Australia.
*Sterling gains as Scotland voters decide to stay in UK. TOKYO, Sept 19- The British pound rose sharply after the Scottish independence vote indicated Scotland would remain in the United Kingdom, while Wall Street's overnight gains and Alibaba Group's red-hot initial public offering underpinned Asian shares.
*Talk of OPEC cuts, lower Libyan output support prices. SINGAPORE, Sept 19- Brent crude drew closer to $98 a barrel on Friday and is set for its first weekly gain in three on the possibility of lower OPEC output. Brent was up 6 cents at $97.76 a barrel at 0624 GMT, while October U.S. crude was 5 cents higher at $93.12.