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Tokyo, Japan (AFP) –Tokyo stocks opened marginally lower on Wednesday in the absence of foreign investors for the holiday season, after US shares finished a sleepy holiday-shortened session mostly lower. The benchmark Nikkei 225 index slid 0.03 percent or 7.15 points to 23,823.43 in early trade, while the broader Topix index was down 0.03 percent or 0.45 points at 1,727.77. “After the US market ended mixed, the Japanese market is seen moving range-bound,” Toshiyuki Kanayama, senior […]
by Heather SCOTT Agence France Presse A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis, the World Bank warned Thursday. And if the wave breaks, it could be more damaging since it would engulf private companies in addition to governments, at a time when economic growth is sluggish, according to a new report that […]
(Eagle News) — The Philippines inked on Thursday, Dec. 19, a $400-million loan accord with the World Bank, which represented the first tranche of a three-part financing package that aims to further boost the country’s competitiveness and fiscal sustainability amid the threat of climate change. Finance Secretary Carlos Dominguez III, on behalf of the Philippine government, and acting Country Director Achim Fock, representing the World Bank, signed the agreement for the development policy loan on […]
by Delphine TOUITOU Agence France Presse Washington, United States (AFP)– The US-China trade deal is “remarkable” in scope but it won’t solve all the problems between the world’s two biggest economies, the top US negotiator said Sunday. “This is not just about agriculture and other purchases,” US Trade Representative Robert Lighthizer said in an interview with CBS’s “Face the Nation.” “The way to think about this deal, is this is a first step in trying […]
TOKYO, Japan (AFP) — Tokyo’s benchmark Nikkei stock index jumped more than 2.5 percent Friday, boosted by hopes for a US-China trade deal, and a big election win for Britain’s ruling Conservative Party that paves the way for Brexit. The Nikkei 225 index rallied 2.55 percent, or 598.29 points, to close at 24,023.10, the highest since early October last year. Over the week, it gained 2.9 percent. The broader Topix index was up 1.59 percent, […]
HONG KONG, China (AFP) — Asian markets were mixed Wednesday as investors grow nervous at the lack of news on China-US trade talks, with Washington yet to cancel tariffs on a swathe of Chinese goods planned for the weekend. With negotiators still trying to hammer out a mini agreement, the mood on trading floors remains upbeat. Most observers have been confident the two sides will eventually reach a deal, feeding a global equities rally for […]
TOKYO, Japan (AFP) — Tokyo stocks opened flat on Wednesday as investors waited for news on China-US trade talks, less than a week before Washington is due to impose fresh tariffs on Chinese goods. The benchmark Nikkei 225 index was up just 0.07 percent or 16.46 points at 23,426.65 in early trade, while the broader Topix index was down 0.05 percent or 0.80 points at 1,719.97. “Japanese shares are seen range-bound, with eyes on US-China […]
by Anuj Chopra with Luc Olinga in New York RIYADH, Saudi Arabia (AFP) — Saudi Aramco on Thursday priced its long-awaited IPO at the high end of the target range, raising $25.6 billion and giving the energy giant a valuation of $1.7 trillion in the world’s biggest stock sale. Aramco priced its initial public offering at 32 riyals ($8.53) per share, surpassing the $25 billion raised by Chinese retail giant Alibaba when it debuted on […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Wednesday, dragged down by diminished hopes for an imminent US-China trade deal, and a stronger yen. The benchmark Nikkei 225 index fell 0.75 percent or 176.04 points to 23,203.77 in early trade while the broader Topix index was down 0.59 percent or 10.06 points at 1,696.67. Optimism that Beijing and Washington would eventually hammer out a partial agreement as part of a wider deal had supported […]
HONG KONG, China (AFP) — Asian markets tumbled on Tuesday as global trade uncertainty returned to the fore after the United States reimposed tariffs on Argentina and Brazil, threatened steep levies against France and warned China of new measures if ongoing talks are not successful. Optimism that Beijing and Washington will eventually hammer out a partial agreement as part of a wider deal has provided support to equities for weeks, helping Wall Street to numerous […]
RIYADH, Saudi Arabia (AFP) — Saudi oil giant Aramco said on Friday that applications from private investors for its planned stock market offering had been oversubscribed. The much-delayed initial public offering, first announced in 2016, is a cornerstone of Saudi Crown Prince Mohammed bin Salman’s ambitious plan to diversify the Gulf state’s oil-reliant economy. The IPO could exceed the world’s biggest to date — the $25 billion float of Chinese retail giant Alibaba in 2014. […]
HONG KONG, China (AFP) — Asian markets rose Monday as investors cheered data showing a surprise jump in Chinese factory activity, while oil prices bounced from last week’s sharp losses after Iraq said top producers could announce a cut in output this week. But while the week started on a positive note, worries about the trade talks were revived by China’s Global Times newspaper saying Beijing wanted all US tariffs rolled back as part of […]
