Asian Shares Lower as Sentiments Get Dragged by Wall Street

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By YURI KAGEYAMA, AP Business Writer. TOKYO (AP) — Asian shares were mostly lower Thursday as sentiments got dragged down by a slide on Wall Street. KEEPING SCORE: Japan’s benchmark Nikkei 225 lost 1.6 percent in early trading to 21,726.26. Australia’s S&P/ASX 200 shed 0.9 percent to …

Advertising’s digital upheaval took a heavy toll on WPP PLC as the world’s largest ad company Thursday logged its worst performance since the financial crisis, triggering jitters among investors across the sector. On Thursday, WPP said net sales fell 0.9% on a like-for-like basis last year, spooking investors …

Riccardo’s creative vision will reinforce the ambitions we have for Burberry and position the brand firmly in luxury,” said Marco Gobetti, Burberry’s chief executive who joined the company on July 5, 2017, from LVMH-owned Céline. “I have an enormous respect for Burberry’s British heritage and global …

Māori entrepreneurs with a strong sense of cultural identity and guardianship over the land and the sea are driving a boom in Māori business. Māori businesses now account for an economic asset base of more than NZ$42.6 billion, according to the latest estimates. Small and medium-sized enterprises …

A company purchasing its own shares is a time-tested way to bolster its stock price. But the purchases can come at the expense of investments in things like hiring, research and development and building new plants — the sort of investments that directly help the overall economy. The buybacks are also …

The Pittsburgh-based company, with about 800 stores, previously had ended the sales of assault-style rifles at its flagship Dick’s stores after the 2012 elementary school shootings in Newtown, Conn. It still sold them at its 35 Field & Stream stores. Calls to ban high-capacity firearms and raise the minimum …

It’s the newest question facing CEOs: Should they thrust their businesses into polarizing political debates? In the two weeks since a gunman killed 17 people at a Parkland, Fla., high school, many companies have taken a stand on gun control, prompted partly by a movement with the online rallying cry …

UES has the feel of a proper prohibition-era establishment: The dual businessjuxtaposition of having an open ice-cream shop serving sometimes until 3 a.m. is a refreshing front compared with others that have a fake facade. “Every single cocktail bar becomes a speakeasy. We don’t use that word,” owner …

The official state news agency Xinhua ran an entire article called “Elon Musk amazed by China’s railway project completed within 9 hours.” The foreign-focused government mouthpiece Global Times picked up the same story, so too did the national TV broadcaster CGTN. Another article was still on the …