TRADE WARS - NANO DAILY

Markets reverse after recent gains as bank fears linger

Mar 24, 2023 (AFP)

Pledges by authorities to provide support to troubled lenders and depositors provided stability for investors worried that the collapse of two US banks and the ...

Spanish PM to meet Xi in China next week

Mar 23, 2023 (AFP)

"I think it is important to learn first-hand" what China's position is, Sanchez told reporters in Brussels where he was attending a European Union leaders' summ...

Asian markets fall with Wall St after Fed rate hike, warning

Mar 23, 2023 (AFP)

Recent turmoil caused by the collapse of two US lenders and the takeover of Credit Suisse had fanned speculation central banks would pause their inflation-fight...

Eco-friendly goods defy downward trade trend: UN

Mar 23, 2023 (AFP)

Global trade surged to a record $32 trillion in 2022 before reversing course in the second half of the year amid deteriorating economic conditions and swelling ...

Asian markets rise as dollar falls on Fed rate hopes

Mar 23, 2023 (AFP)

The gains came even as the US central bank's chief Jerome Powell dealt a blow to hopes it could cut borrowing costs later in the year to soothe banking sector f...

Toshiba says it will 'support' $15 bn takeover bid

Mar 23, 2023 (AFP)

The long-awaited move follows years of turmoil for the company, which once symbolised Japan's tech prowess but has more recently faced scandals, financial troub...

Debt-ridden China Evergrande rolls out restructuring plan

Mar 22, 2023 (AFP)

Once the country's largest real estate company, Evergrande has been strangled by liabilities estimated in 2021 at more than $300 billion and is on the verge of ...

Asia tracks Wall St rally as Fed decision replaces bank worries

Mar 22, 2023 (AFP)

The dialling down of volatility allowed traders to turn their focus on the US Federal Reserve's policy decision later in the day, with the recent turmoil fuelli...

Asian markets rebound as bank fears ease, Fed decision in view

Mar 21, 2023 (AFP)

The panic that characterised trade over the past 11 days appeared to have faded after authorities in leading economies pledged support for depositors and troubl...

'Unlimited possibilities': Key takeaways from Putin-Xi summit

Mar 21, 2023 (AFP)

Here are five key takeaways from the Putin-Xi summit: - 'A new era' - The two days of talks at the Kremlin were heavy on pomp and ceremony as Putin and Xi haile...

Markets rebound as bank fears ease, Fed decision in view

Mar 21, 2023 (AFP)

The panic that characterised trade over the past 11 days appeared to have faded after authorities in leading economies pledged support for depositors and troubl...

US economic leaders looking at China trip: W.House

Mar 20, 2023 (AFP)

It would be the highest level visit between the two countries since relations took a nosedive in February. "Active" consideration of the trips is underway, John...

Japanese PM in India with an eye on trade, China

Mar 20, 2023 (AFP)

India and Japan along with the United States and Australia make up the Quad alliance, which positions itself as a bulwark against China's growing assertiveness ...

Stocks plunge despite Credit Suisse buyout, central banks' pledge

Mar 20, 2023 (AFP)

The losses came ahead of the Federal Reserve's latest policy meeting this week, with speculation mounting that it will pause its interest rate hikes to provide ...

Xi eyes 'new momentum' in China-Russia ties: Russian news agencies

Mar 20, 2023 (AFP)

"I am confident the visit will be fruitful and give new momentum to the healthy and stable development of Chinese-Russian relations," he said on the runway of a...

Hong Kong banking sector exposure to Credit Suisse 'insignificant': monetary authority

Mar 20, 2023 (AFP)

"The total assets of Credit Suisse AG, Hong Kong Branch amounted to about HK$100 billion ($12.7 billion), representing less than 0.5 percent of the total assets...

'No other option': Russia's unequal economic marriage with China

Mar 19, 2023 (AFP)

Since Western countries imposed sanctions on Moscow, bilateral trade between the two neighbours has reached a record $190 billion and the proportion of Russian ...

China lowers bank reserve requirement in boost to flagging economy

Mar 17, 2023 (AFP)

The People's Bank of China (PBOC) said it would cut the reserve requirement ratio by 0.25 percentage points starting March 27, which would allow commercial bank...

Asian markets sink but Europe rallies on Credit Suisse loan hope

Mar 16, 2023 (AFP)

Already-spooked investors have been in panic mode since the collapse of two regional US banks over the weekend sparked a sell-off across equities and ramped up ...

China retail sales up in New Year after Covid reopening

Mar 15, 2023 (AFP)

The 3.5 percent growth, released by the National Bureau of Statistics, came in line with expectations and was much better than the 1.8 percent drop suffered in ...