TRADE WARS - NANO DAILY

Asian markets pick up but traders worry over looming rate hikes

Feb 28, 2023 (AFP)

The gains tracked advances on Wall Street, though investors will be keeping a wary eye on several data releases this week that will provide a fresh snapshot of ...

Biden's student debt relief plan challenged at Supreme Court

Feb 28, 2023 (AFP)

The high court's final ruling, expected sometime before June 30, will decide whether millions of Americans will see up to $20,000 of debt disappear, but could a...

Asian markets drop on rate fears as US inflation runs hot

Feb 27, 2023 (AFP)

The report on the personal consumption expenditures price index followed blockbuster jobs figures and data showing prices coming down slower than hoped. This mo...

Macron warns EU-South America deal hinges on environment

Feb 25, 2023 (AFP)

The EU in 2019 reached a trade deal with the Mercosur bloc, comprising Argentina, Brazil, Paraguay and Uruguay, after 20 years of negotiations. However, the dea...

Markets mixed, Tokyo rallies as BoJ nominee backs loose policy

Feb 24, 2023 (AFP)

Analysts said the realisation that the Federal Reserve will further hike borrowing costs and hold them there appears to have sunk in among investors, who were b...

Blinken to meet Asia 'Quad' after China friction

Feb 24, 2023 (AFP)

Blinken will hold the talks with the so-called Quad on March 3 on the sidelines of a Group of 20 meeting in New Delhi, said Donald Lu, the top State Department ...

Turkey cuts key borrowing rate to aid quake recovery

Feb 23, 2023 (AFP)

Turkey was already battling runaway inflation and relying on wealthy allies to keep its economy afloat when the massive earthquake on February 6 killed more tha...

Asian markets mixed but little joy as traders eye more Fed hikes

Feb 23, 2023 (AFP)

A blockbuster jobs report and sticky inflation data this month have dealt a hammer blow to earlier expectations the US central bank could soon pause its monetar...

Asian markets drop as traders contemplate higher-for-longer rates

Feb 22, 2023 (AFP)

Traders are now awaiting the release of minutes from the Federal Reserve's latest policy meeting hoping for an idea about officials' views on how much and how f...

Hong Kong unveils US$97 billion post-pandemic budget

Feb 22, 2023 (AFP)

Hoping to kickstart the finance centre's economy, Finance Secretary Paul Chan announced tax cuts and more consumer spending vouchers. Hong Kong's leaders are ke...

Chinese-owned British Steel says plans 260 job cuts

Feb 22, 2023 (AFP)

The company said its energy costs last year increased by 190 million pounds ($230 million). "Decisive action is required because of the unprecedented rise in op...

Philippine lawmakers ratify entry to world's largest trade pact

Feb 21, 2023 (AFP)

The Regional Comprehensive Economic Partnership includes 10 Southeast Asian economies along with China, Japan, South Korea, New Zealand and Australia, with memb...

HSBC says pre-tax profits slip to $17.5 bn in 2022

Feb 21, 2023 (AFP)

The Asia-focused lender said it made $17.5 billion before tax, down more than seven percent on-year, while reported revenue increased four percent to $51.7 bill...

Asian markets mixed, with rates set to go higher

Feb 21, 2023 (AFP)

With Wall Street closed Monday for Presidents' Day there were few catalysts for regional investors, with focus on the release later in the week of minutes from ...

Australian miner BHP says China, India to boost demand

Feb 21, 2023 (AFP)

The Australian multinational, a leading producer of metallurgical coal, iron ore, nickel, copper and potash, said net profit slumped 32 percent year-on-year to ...

Asian markets rise but rate concerns cast shadow

Feb 20, 2023 (AFP)

Equities have struggled to build on January's rally, with recent data showing that the Federal Reserve still had plenty of work to do to get prices under contro...

Luxury sector eyes reopening of China

Feb 19, 2023 (AFP)

The world's largest luxury group LVMH posted a 23-percent jump in sales to a record of 79 billion euros ($86 billion) in 2022 and saw profits climb 17 percent t...

Earthquake sends tremors through Turkey's fragile economy

Feb 19, 2023 (AFP)

Now, it must pour billions of dollars into rebuilding 11 southeastern provinces flattened by the February 6 tremor -- the worst disaster of its post-Ottoman his...

Markets drop as traders eye higher-for-longer rates

Feb 17, 2023 (AFP)

Data showing the US wholesale price index eased slightly last month but rose more than forecast, reinforcing the view that the central bank still has much more ...

China remains Germany's biggest trade partner in 2022

Feb 16, 2023 (AFP)

Goods worth 297.9 billion euros ($318.9 billion) were exchanged between the two countries last year, up 20 percent despite the continuing impact of the coronavi...