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BUENOS AIRES, Argentina (AFP) — The United States said Saturday that it agreed in a long-awaited summit with China to suspend new tariffs for 90 days as the two powers seek to end a trade war. The White House said a threatened increase of tariffs on $200 billion worth of Chinese goods from 10 to 25 percent, which was set to take effect on January 1, would be put off for 90 days. “If […]
HONG Kong, China (AFP) — Asian markets mostly rose Friday bringing a broadly upbeat week to a positive end as attention turns to the much-anticipated meeting between Donald Trump and Xi Jinping. Energy firms enjoyed gains after a rally in oil prices, while high-yielding and emerging market currencies continued Thursday’s advances against the dollar as the Federal Reserve shows signs it will slow down its pace of interest rate hikes. While the outcome of […]
By Caesar Vallejos Eagle News Service Nobel Laureate, Prof. Dan Shechtman and notable business and government leaders shared their experience and expertise in a forum entitled “Game Changers: The Impact of Innovation, Technology and Entrepreneurship” that was held at the Shangri-La at The Fort, caping off the 50th anniversary celebrations of the Asian Institute of Management (AIM). In his talk, Prof. Shechtman, recipient of the 2011 Nobel Prize in Chemistry, emphasized the need to establish […]
HONG KONG, China (AFP) — The dollar extended losses in Asia while most equities rose after the head of the Federal Reserve hinted at a softer pace of interest rate hikes, though investors remain wary about the weekend’s crunch trade talks between Donald Trump and Xi Jinping. US markets were sent soaring Wednesday after Fed chief Jerome Powell said borrowing costs were still historically low but only “just below” the neutral level, a rate that […]
ZURICH, Switzerland (AFP) — Switzerland’s economy abruptly went into reverse in the third quarter, contracting by 0.2 percent, with exports tumbling and even the country’s vaunted financial sector seeing growth halt. “The strong, continuous growth phase enjoyed by the Swiss economy for one and a half years was suddenly interrupted,” said the State Secretariat for Economic Affairs (SECO). “Switzerland is thus following the significant economic downturn seen at the same time in other European countries, […]
by Karyn NISHIMURA-POUPEE and Anne BEADE Agence France Presse TOKYO, Japan (AFP) — With Carlos Ghosn’s arrest, frustrations over the tycoon’s management style have burst into the open within Nissan, with some staff also weary of playing second fiddle to Renault and its French-state backers. Rumblings within Nissan have grown in intensity since the beginning of the year, analysts say, as the 64-year-old Brazil-born Frenchman appeared to be moving towards a complete merger with Renault […]
By Caesar Vallejos Eagle News Service Sellers and buyers will soon engage in a single platform where they could transact business from supply chain management to procurement and logistics. Procurement and Supply Institute of Asia (PASIA) Chairman of the Board and CEO Charlie P. Villasenor said that the rise of a single electronic marketplace is one of the technology disruptions that will impact on the industry. “This could be the next biggest story in the […]
NEW YORK, United States (AFP) — Global stocks were mixed Tuesday as the White House sent conflicting messages about the likelihood of a trade deal with China at this week’s G-20 summit. Markets in Europe and Asia finished mostly lower after US President Donald Trump on Monday appeared to dismiss the idea of agreement with Beijing at the Group of 20 leaders’ meeting. But the more upbeat comments on Tuesday from White House economic advisor […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Wednesday on gains on Wall Street and a cheaper yen, while investors await US-China summit talks amid speculation about a possible trade deal. The benchmark Nikkei 225 index, which has closed higher for the past three days, added 0.51 percent or 111.66 points to 22,064.06 in early trade while the broader Topix index was up 0.34 percent or 5.60 points at 1,649.76. “The Tokyo market, encouraged by […]
TOKYO, Japan (AFP) — Tokyo stocks rose for the third straight session on Tuesday, as investor sentiment improved following rallies on Wall Street with expectations growing for a year-end shopping spree. The benchmark Nikkei 225 index gained 0.64 percent or 140.40 points to close at 21,952.40, while the broader Topix index was up 0.73 percent or 11.96 points at 1,644.16. “The Tokyo market took a positive lead from New York, where stocks rallied with a […]
HONG KONG, China (AFP) — Asian markets were mixed Tuesday as dealers focused on crunch G20 talks between Donald Trump and Xi Jinping, with the US president warning he will ramp up his trade war with China if the two do not reach a deal. With the economic superpowers in the middle of an increasingly bitter standoff, there are hopes the two leaders will be able to work out an agreement that brings them back […]
NEW YORK, United States (AFP) — Global stocks rallied Monday, shaking off recent weakness ahead of a meeting between the presidents of the United States and China that investors hope will produce a breakthrough. Markets were also hopeful as oil prices stabilized, Britain sealed a Brexit deal with the EU and Italy signaled a more conciliatory stance in a budget fight with Brussels. “The main driver is that we were oversold for a short period […]
