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Japan's factory output seen jumping in April, led by global demand

TOKYO: Japan's factory output was expected to rebound in April at the fastest rate in about six years, a Reuters poll found on Friday, boosted by rising exports as global demand recovers.

Sharp expects first profit in four years on Foxconn's cost cuts

CHIBA: Japan's Sharp Corp said on Friday it expects to report its first net profit in four years in the year through March 2018 due in part to cost-cutting under the aegis of Taiwan's Hon Hai Precision Industry Co Ltd (Foxconn).

Moody's: China's reforms not enough to arrest mounting debt

BEIJING: China's structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody's said.

Google kills recruiters’ recovery with jobs for the bots

Europe's economic barometers look as sunny as the May weather, which should be good for Europe's staffing firms – slight Brexit wobbles notwithstanding – as businesses take on more workers to meet increased demand.

Asia stocks retreat Friday, oil languishes after OPEC fails to deepen supply cuts

SINGAPORE: Crude prices remained subdued early on Friday after an agreement by OPEC to extend existing supply curbs disappointed many who had hoped for larger cuts. Asian stocks dropped, turning away from Wall Street's strong performance overnight.

Breakfast briefing: Friday, May 26 (Update)

Breakfast briefing: Friday, May 26

Man Utd shares up after Europa League victory

LONDON: Shares in Manchester United Plc rose as the club’s Europa League final victory against AFC Ajax in Stockholm guaranteed a place in Europe’s elite Champions League next season. The Dutch club dropped the most in a year in early Amsterdam trading yesterday.

Alibaba to lead US$1bil funding for food start-up

HONG KONG: Alibaba Group Holding Ltd and its financial services affiliate plan to lead an investment round of at least US$1bil in Ele.me, one of the largest players in a crowded Chinese food-delivery service arena, people familiar with the matter say.

Johari: MidS scheme to enhance mid, small cap stocks

KUALA LUMPUR: The newly-launched Mid and Small Cap (MidS) Research Scheme would provide visibility and enhance tradability of under research stocks.

Wall Street hits record highs, helped by consumer stocks

NEW YORK: The S&P 500 and Nasdaq hit record closing highs on Thursday, with the market propped up by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers.