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Tokyo Stocks Close Higher Helped by Cheap Yen

Tokyo stocks closed higher on Tuesday helped by a cheaper yen against the dollar as investors kept their focus on corporate earnings.

The benchmark Nikkei 225 index ended up 0.24 percent, or 68.11 points, at 27,888.15, while the broader Topix index gained 0.36 percent, or 6.94 points, to 1,936.28.

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Brawls in Lebanon's North over Rationed Fuel Leave 3 Dead

Two separate brawls over scarce fuel in northern Lebanon have left three people dead, state media and security sources said, as shortages spark a wave of confrontations at gas stations.

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LF Hits Back at Bassil after Electricity Remarks

Free Patriotic Movement chief Jebran Bassil lamented Sunday that “every hour of power rationing by the power plants costs the dollar reserves 32% more,” seeing as the power supply deficit is being covered by privately-owned neighborhood generators.

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Stocks Stable, Dollar Up Before U.S. Jobs Data

Stock markets steadied and the dollar firmed Friday before the release of monthly U.S. jobs data that will highlight strength of recovery in the world's biggest economy.

Around midday, European equities were mirroring a sluggish end to the week for Asian stocks.

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Huawei Revenue Plunges Further in 'Challenging Times'

Chinese telecoms giant Huawei's second-quarter revenue plunged 38 percent, according to figures released Friday, with smartphone sales suffering from U.S. sanctions and the offloading of its budget brand Honor.

Huawei is at the center of an intense U.S.-China trade and tech rivalry after the government of former president Donald Trump voiced concern the company could be used for espionage.

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Riad Salameh Quizzed Over Alleged Graft

A Lebanese judge on Thursday questioned central bank chief Riad Salameh over graft allegations as part of a probe into financial misconduct, a judicial source said.

Salameh, one of world's longest-serving central bank governors, is facing a spate of allegations, including in Switzerland and France, over suspicions of money laundering and embezzlement.

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Bank of England Sees Inflation Surging but Keeps Stimulus

The Bank of England Thursday predicted the UK annual inflation rate to continue surging this year as pandemic-hit economies reopen, but kept its record-low interest rate and emergency stimulus intact.

The BoE forecast inflation reaching four percent from 2.5 percent currently, adding to fears that a spike in prices worldwide will force central banks to hike interest rates sooner than expected, in turn hindering economic recovery.

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Adidas Lifts Outlook on Olympics, Football Seasons

German sportswear brand Adidas on Thursday bumped up its earnings outlook for the year, as it expects the Olympics and the upcoming European and American football seasons to boost its sales.

The Bavaria-based group recorded a net profit of 397 million euros ($470 million) between April and June, as pandemic restrictions eased and the football European Championships got going.

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Nintendo Q1 Profit Down as Pandemic Gaming Boom Slows

Nintendo's first-quarter net profit fell nearly 13 percent as the video-game lockdown boom lost momentum, the Japanese firm said Thursday, after reporting record earnings in the previous financial year.

Long periods of stay-at-home orders and other restrictions during the Covid-19 pandemic fuelled a run of good fortune for game-makers worldwide.

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Stocks Mixed on Virus Fears, Pound Up before BoE

European and Asian stock markets were mixed Thursday as traders assessed the risks to economic recovery posed by the Delta variant of the coronavirus and by soaring inflation.

London's benchmark FTSE 100 index was flat in late morning deals before the Bank of England's latest interest rate decision and economic forecasts due at 1100 GMT.

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