TRADE WARS

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US outpaces Europe while China struggles: IMF economist
Oct 10, 2023 (AFP)
Pierre-Olivier Gourinchas spoke to AFP ahead of Tuesday's release of the International Monetary Fund's World Economic Outlook in Marrakesh, Morocco. This interv...
Markets cheered by Fed rate hopes, oil eases after surge
Oct 10, 2023 (AFP)
The big gains came as oil pared the previous day's surge, which had been fuelled by supply worries after Hamas launched a deadly weekend attack on Israel. Trade...
China's Belt and Road generated over $2 trillion in contracts: Beijing
Oct 10, 2023 (AFP)
A white paper from China's State Council also said countries participating in the initiative owe more than $300 billion to the Export-Import Bank of China (Exim...
Oil prices jump as Hamas attack on Israel fuels supply fears
Oct 09, 2023 (AFP)
The crisis fanned concerns about supplies of crude from the region at a time when supply worries are already high owing to Saudi Arabia and Russia's output cuts...
US bank Citigroup to sell its China retail business to HSBC
Oct 09, 2023 (AFP)
The deal, which will be finalized in the first half of 2024, will include the transfer of around $3.6 billion in assets under management and bank deposits to HS...
Top diplomat Wang hopes US, China can 'rationally' manage differences
Oct 09, 2023 (AFP)
Senate Majority Leader Chuck Schumer is the latest high-level American official to go to China as Washington seeks to ease tensions with Beijing, leading a six-...
US senators arrive in China seeking Xi meeting
Oct 07, 2023 (AFP)
Schumer is set to meet with senior officials in Shanghai before heading to Beijing, where Bloomberg has reported his delegation is seeking a meeting with Presid...
EU foreign policy chief to visit China next week
Oct 06, 2023 (AFP)
Borrell first pushed back the trip in April after testing positive for coronavirus and was then expected to go in July before China abruptly called off the visi...
Asian markets follow US lead with gains
Oct 05, 2023 (AFP)
The US markets finished Wednesday higher, snapping a three-day losing streak, with the tech-rich Nasdaq closing up 1.4 percent. The Dow Jones Industrial Average...
Macau bets on China's 'Golden Week' holiday to stage comeback
Oct 05, 2023 (AFP)
Chinese travellers are expected to make more than 100 million daily trips during the annual national holiday -- making it the "hottest" Golden Week ever, a stat...
China's Sunac wins court approval for debt restructuring
Oct 05, 2023 (AFP)
The developer said in a filing to the Hong Kong stock exchange that its proposal to restructure $9 billion of offshore debt had been sanctioned by Judge Jonatha...
UN downplays doom and gloom over Chinese economy
Oct 04, 2023 (AFP)
China's ballooning property-sector crisis has seen several high-profile firms engulfed in debt, fuelling fears about the country's wider economy and a possible ...
Asian markets fall on rate fears as bond yields rise
Oct 04, 2023 (AFP)
The labour report, known as JOLTS, showed a surprise increase in the number of job openings to 9.6 million, a sign of continued tightness in the market and fuel...
China says welcomes US congressional visit
Oct 04, 2023 (AFP)
Next week's delegation will be the latest in a series of visits by US officials to China, as both sides seek to defuse tensions across a range of security and e...
'Save our village': Indonesians resist eviction for China-backed project
Oct 04, 2023 (AFP)
The Indonesian government recently told Rempang island's 7,500 residents to pack their bags and leave by the end of September. Residents say their families have...
Markets fall on rate concerns
Oct 03, 2023 (AFP)
US inflation remains stubbornly above the Federal Reserve's long-term target of two percent despite falling sharply over the past 12 months, leading most Fed of...
China's Evergrande up 28% in Hong Kong after trade resumes
Oct 03, 2023 (AFP)
The company has become a symbol of China's ballooning property crisis, which has seen several high-profile firms engulfed in a sea of debt, fuelling fears about...
China's Evergrande closes up 28% in Hong Kong after trade resumes
Oct 03, 2023 (AFP)
The company has become a symbol of China's ballooning property-sector crisis, which has seen several high-profile firms engulfed in a sea of debt, fuelling fear...
Former crypto star Sam Bankman-Fried faces US trial
Sep 29, 2023 (AFP)
The curly haired graduate of the Massachusetts Institute of Technology in just a few years turned his FTX platform into the world's second biggest crypto exchan...
Markets end tough month with gains after Wall St rally
Sep 29, 2023 (AFP)
Data showing a smaller-than-expected rise in personal consumption and a still-healthy US economy injected a little optimism at the end of a debilitating week fo...
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