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HONG KONG, China (AFP) — Asian markets mostly fell Thursday, led by Seoul, as a summit between Donald Trump and Kim Jong Un ended abruptly without an agreement. Equities had been fluctuating through the day on tempered optimism over China-US trade talks, weak factory data from Beijing and fresh geopolitical tensions in Kashmir. But they took a decisive turn south after an expected lunch and signing ceremony between the US and North Korean leaders was […]
NEW YORK, United States (AFP) — Global stocks mostly fell Wednesday amid uncertainty over trade and an escalating Indian-Pakistan conflict as the British pound rallied for a second session. An Asian market rally ran out of steam after Pakistan said it had shot down two Indian jets in its airspace in Kashmir, fueling concerns of conflict between the nuclear-armed rivals. While both sides have sought to play down the threat of war, the rare aerial […]
Washington’s chief trade negotiator on Wednesday said there remained much to do before reaching a new trade agreement with China despite “real progress” so far. After months of negotiating with Beijing, “now we are making real progress,” US Trade Representative Robert Lighthizer said in congressional testimony. However, “Much still needs to be done both before an agreement is reached, and more importantly after it is reached if one is reached.” Citing progress toward a new […]
HONG KONG, United States (AFP) — Asian markets were mostly up Wednesday with investors remaining positive about the prospects for a China-US trade deal while the pound held its gains as fears of a no-deal Brexit recede. Wall Street provided a tepid lead as Federal Reserve boss Jerome Powell gave little away to lawmakers on the central bank’s plans for monetary policy. With few catalysts to drive business, dealers are awaiting the latest developments in […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday in cautious trade as investors hunted for bargains with a lack of fresh events to support the market after slides in US shares. The benchmark Nikkei 225 index edged up 0.23 percent, or 49.79 points, to 21,499.18 in early trade, while the broader Topix index was up 0.15 percent, or 2.41 points, at 1,619.61. “As the Japanese market fell yesterday ahead of the slides in […]
NEW YORK, United States (AFP) — The British pound rallied Tuesday as the odds of a “hard” no-deal Brexit receded, while US stocks edged lower following dovish commentary from Federal Reserve Chair Jerome Powell. British Prime Minister Theresa May promised to allow parliament to delay Brexit by up to three months if her own divorce proposals fail to win the support of lawmakers by March 12. The dramatic reversal in May’s steadfast strategy came after […]
TOKYO, Japan (AFP) — Tokyo stocks closed lower on Tuesday following recent gains fueled by optimism over the China-US trade talks, while analysts also said news of Indian air strikes in Pakistan-controlled Kashmir weighed on the market. The benchmark Nikkei 225 index, slipped 0.37 percent, or 78.84 points, to 21,449.39 while the broader Topix index was down 0.23 percent, or 3.67 points, at 1,617.20. Shares have enjoyed healthy buying of late, thanks to hopes that […]
HONG KONG, China (AFP) — Asian markets fell Tuesday as investors struggled to maintain momentum from the previous day’s trade talks-fuelled surge, while the pound extended gains following reports of a possible Brexit delay. Donald Trump’s decision to waive this week’s deadline for China-US negotiations and his upbeat tone on their progress lit a fire under regional equities Monday on hopes the long-running dispute could be nearing its end. However, while dealers are hopeful the […]
Caesar Vallejos OPEN FOR BUSINESS, Eagle News Service The newly appointed Co-Chair of Ease of Doing Business in Paying Taxes, Mon Abrea, the Founding President of the Center for Strategic Reforms of the Philippines, said that “administrative reform should supplement or support any policy reform.” In his talk at the Asia CEO Forum last February 22, 2019 at the Marriott Hotel, Abrea said, “dito kami madalas nag-co-conflict with DOF, we really have ideas on policy […]
WASHINGTON, United States (AFP) — The US packaged food giant Kraft Heinz has announced a $15.4 billion write down on some of its most iconic brands, reflecting a big change in what people like to eat. In its fourth quarter earnings report, the company said Thursday that the write-down resulted in a net loss of $12.6 billion. The company also announced it was subpoenaed late last year by the Securities and Exchange Commission over its […]
HONG KONG, China (AFP) — Asian markets were mixed Friday following losses on Wall Street as optimism over the China-US trade talks was trumped by a weak round of US data that revived concerns about economic growth. With high-level negotiations between the world’s top economies still taking place in Washington there has been little concrete news about their progress, though some reports have said the two are heading towards an eventual deal. The lack of […]
HONG KONG, China (AFP) — Asian markets mostly fell Friday, tracking losses on Wall Street as optimism over the China-US trade talks was trumped by a weak round of US data that revived concerns about economic growth. With high-level negotiations between the world’s top economies still taking place in Washington, there has been little concrete news about their progress, though some reports have said the two are heading towards an eventual deal. The lack of […]
