TRADE WARS

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Asian markets swing as China slips into deflation
Aug 09, 2023 (AFP)
The mood on trading floors was already glum after another sell-off on Wall Street fuelled by fresh concerns over the banking sector and talk of another possible...
Chinese FM Wang Yi to embark on Southeast Asia tour
Aug 09, 2023 (AFP)
Wang, who returned to the post last month after the unexplained disappearance of predecessor Qin Gang, will travel to the three countries from Thursday to Sunda...
European stocks rebound, Asia mixed after weak China data
Aug 09, 2023 (AFP)
Data revealed China slipped into deflation, compounding worries about the world's second biggest economy after the United States. Bank shares recovered one day ...
Markets drop as traders fret over another Fed hike
Aug 08, 2023 (AFP)
The positive sentiment that fuelled a rally through much of July has given way to nervousness that while US inflation is coming down, officials will keep tighte...
China reports biggest drop in exports since 2020
Aug 08, 2023 (AFP)
The data will likely ramp up calls for leaders to do more to revive growth, having laid out a series of stimulus measures in recent weeks focusing on consumers ...
BRICS summit to focus on Africa, without Macron
Aug 07, 2023 (AFP)
The continent has emerged as a renewed diplomatic battleground, with the West, Russia and China vying for influence amid heightened competition for minerals and...
Asian markets fluctuate after mixed US jobs report
Aug 07, 2023 (AFP)
Global markets endured a volatile time last week, with traders spooked by a range of issues including a US rating downgrade, rising Treasury yields and a lack o...
China relaxes visa, urban residency rules to boost economy
Aug 04, 2023 (AFP)
The relaxations aim to "promote the free movement" of "people, vehicles, information and data", an official from the Ministry of Public Security said Thursday. ...
Drought-hit Panama Canal must 'adapt or die' as water levels drop
Aug 04, 2023 (AFP)
The canal relies on rainwater to move ships through a series of locks that function like water elevators, raising the vessels up and over the continent between ...
Asian markets mixed as traders nervously await US jobs report
Aug 04, 2023 (AFP)
The euphoria of last week -- fuelled by optimism the US central bank's tightening cycle was over, as well as China's pledges of economic stimulus -- has given w...
NZ election frontrunner backs Chinese cash for roads
Aug 04, 2023 (AFP)
Christopher Luxon, from New Zealand's right-of-centre National Party, is currently ahead in opinion polls against the incumbent centre-left government led by Pr...
Stocks struggle to recover from selloff, Fed rate fears linger
Aug 03, 2023 (AFP)
While the fallout from Fitch's US debt rating downgrade settled, profit-taking and rising Treasury yields kept pressure on investors heading into what is consid...
Markets drop as US downgrade jolts latest rally
Aug 02, 2023 (AFP)
However, high hopes that the Federal Reserve was at or near the end of its interest rate hiking cycle and a still-resilient economy meant the mood on trading fl...
House lawmakers accuse prominent investment firms of steering U.S. dollars to China
Aug 02, 2023 (UPI)
The committee sent letters to Morgan Stanley Capital International and BlackRock -- two of the world's preeminent financial institutions in the asset management...
HSBC reports bumper profits on rising interest rates
Aug 01, 2023 (AFP)
The massive jump from $8.8 billion in the same period a year ago came as central banks around the world have ramped up borrowing costs to fight inflation, helpi...
Senior US, Chinese officials meet in Washington amid diplomatic thaw
Aug 01, 2023 (AFP)
Yang Tao, director general of the Chinese Foreign Ministry's North American and Oceanian Affairs Department, was hosted at State Department headquarters by US A...
Asian markets rise as positive mood flows across trading floors
Aug 01, 2023 (AFP)
A series of positive data out of Washington in recent weeks, particularly falling inflation, has been compounded by China's recent promises of stimulus measures...
US invites China's new foreign minister Wang Yi to visit
Aug 01, 2023 (AFP)
The invitation was extended during a meeting on Monday in Washington between senior American and Chinese officials, State Department spokesman Matthew Miller sa...
China announces consumption-boosting measures as data disappoints
Jul 31, 2023 (AFP)
Official figures released Monday showed factory activity contracting for the fourth straight month in July, adding to a run of dismal economic data that has ram...
China, Pakistan to mark mega infrastructure anniversary
Jul 30, 2023 (AFP)
Since its initiation in 2013, the China-Pakistan Economic Corridor (CPEC) has seen tens of billions of dollars funnelled into massive transport, energy and infr...
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