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HONG KONG, China (AFP) — Asian markets fell on Friday as investors keep a nervous watch on developments in the G20 summit, with trade top of the agenda and a key focus on the much-anticipated meeting between Donald Trump and Xi Jinping. Equities have enjoyed a largely positive couple of weeks on hopes for progress in the head-to-head between the leaders of the world’s top two economies, though the possibility of failure continues to make […]
by Roland JACKSON LONDON, United States (AFP ) — OPEC is on red alert over escalating US-Iran tensions that fuelled strong oil-price gains — but the cartel and other crude-producing nations are unlikely to end output cuts at a meeting Tuesday. The Organization of the Petroleum Exporting Countries, a cartel of 14 countries pumping one third of the world’s oil, is acutely aware that a faltering global economy is sapping growth in crude demand, helping […]
HONG KONG, China (AFP) — Asian markets rose Thursday as investors brushed off Donald Trump’s latest dig at China and threat to impose more tariffs on the country’s goods if crunch talks with Xi Jingping fail this weekend. Before setting off for the G20 summit in Japan the president said in an interview that he had a “Plan B” in case the face-to-face shows no progress, adding he would “take in billions and billions of […]
by Jitendra JOSHI Agence France Presse LONDON, United Kingdom (AFP) — Heading in to the G20 summit, Facebook is on notice from powerful regulators including the Fed chief that its ambitious plans for a global crypto-currency face piercing scrutiny. The Libra coin is endorsed by a heavyweight consortium of companies, and could see Facebook leverage its two billion-plus users to bring crypto-money out of the shadows and into the mainstream. But Federal Reserve chairman […]
HONG KONG, China (AFP) — Oil prices extended gains Monday as rising US-Iran tensions fuelled supply concerns, while Asian equity traders moved cautiously ahead of a crunch meeting between Donald Trump and Xi Jinping this week. Both main crude contracts are up almost 10 percent since Tehran last week shot down a US “spy drone” for breaching its airspace, ratcheting up fears of a conflict between the old foes. At the weekend Trump said he […]
(Eagle News) – The Indo-Pacific region, including Southeast Asia, will continue to be very important for Japan which aims to help countries in the region to achieve sustainable development. And the Philippines is one of the important countries for Japan as it continues to provide development funds and opportunities for policy research that will help the country. This was highlighted during the academic conference held by Japan government’s National Graduate Institute for Policy Studies […]
by Jitendra JOSHI and Vishal MANVE in Mumbai Agence France Presse LONDON, United Kingdom (AFP) — If Facebook’s new cryptocurrency should resonate anywhere it should be India, where the social media giant has more than 300 million followers. Many Indians are shut out of banking and face punitive fees for simple transactions, like transferring money to their loved ones. But in India as elsewhere, the US company’s ambitions to remake global finance through its […]
By Caesar Vallejos OPEN FOR BUSINESS, Eagle News Service Chief property experts and players across the Asia Pacific (APAC) region declared that the Philippines is ready and ripe for Real Estate Investment Trust (REIT). REIT is a publicly listed corporation that allows investors to buy shares in recurring income-producing real estate assets such as office buildings, hospitals, warehouses, hotels and shopping malls. In the Philippines, it is a stock corporation established in accordance with the […]
HONG KONG, China (AFP) — The dollar extended losses and Asian markets enjoyed another day of gains Thursday after the Federal Reserve indicated it could soon cut interest rates. The softer slant from the US central bank provided more support to global investors, who were already in buoyant mood after Donald Trump flagged positive talks with China’s Xi Jinping and raised hopes of a trade deal between the economic giants. After a much-anticipated meeting, Fed […]
by Glenn Chapman Agence France Presse SAN FRANCISCO, United States (AFP) — Facebook is leaping into the world of cryptocurrency with its own digital money, designed to let people save, send or spend money as easily as firing off text messages. “Libra” — described as “a new global currency” — was unveiled Tuesday in a new initiative in payments for the world’s biggest social network with the potential to bring crypto-money out of the shadows […]
SHENZHEN, China (AFP) — Huawei’s founder said Monday the Chinese telecom giant’s overseas smartphone sales have tumbled since the US last month threatened to blacklist the company, and he warned the embattled firm would slash production to weather the US drive to isolate it. The announcements by Huawei founder and CEO Ren Zhengfei marked the first clear indication from the company of the impact of the US pressure, which is being applied over concerns […]
HONG KONG, China (AFP) — Hong Kong stocks rallied Monday, leading many Asian markets higher after last week’s losses, with investors cheering a decision by the city to suspend plans to push through a controversial extradition law. Investors are also moving cautiously ahead of two huge market-moving events: the Federal Reserve policy meeting this week with its plans for interest rates in focus, and the G20 summit next week where US President Donald Trump […]
