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BEIJING, China (AFP) — China’s global trade volume rose last year but its surplus fell again as its imports outpaced its exports, official data released Monday showed amid a bruising trade war with the United States. Total trade reached $4.62 trillion, a 12.6 percent rise from 2017, according to customs data. But the trade surplus for the world’s second largest economy fell 16.2 percent to $351.76 billion, as imports rose 15.8 percent while exports gained […]
HONG KONG, China (AFP) — Hong Kong led a sell-off across Asian markets Monday as profit-takers moved in following a six-day rally, while traders look ahead to the release of corporate earnings. With few catalysts to drive buying, equities were ripe for selling after last week’s healthy gains, with the US government shutdown — now in its fourth week and showing no sign of ending soon — instilling a sense of unease. Also on the […]
HONG KONG, China (AFP)– Hong Kong stocks dipped at the start of trade Monday after a six-day rally that saw it pile on more than six percent, while investors are also gearing up for the corporate earnings season. The Hang Seng Index eased 0.40 percent, or 107.59 points, to 26,559.68. The benchmark Shanghai Composite Index inched down 0.50 points to 2,553.33 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, was also […]
HONG KONG China (AFP) — The upbeat tone that has characterized this week helped Asian markets to fresh gains on Friday, with Hong Kong on course for a sixth straight day of rises. Investors globally have been riding a wave of optimism since last week when the head of the Federal Reserve indicated it will likely slow its pace of interest rate hikes, while there were also signs that China and the US could eventually […]
by Luc OLINGA Agence France-Presse NEW YORK, United States (AFP) — Struggling with a sagging stock price and sluggish sales, US car giant Ford took steps to regain its footing this week with the announcement of a massive restructuring effort in Europe — even as it prepared for an imminent strategic partnership with German carmaker Volkswagen. The iconic American brand will roll out a major reorganization of its European operations to boost profitability, including thousands […]
by Ben PERRY Agence France-Presse LONDON, United Kingdom (AFP) — Thousands of auto sector jobs are set to go across Europe, Jaguar Land Rover and Ford announced Thursday, under major restructuring as consumers dump diesel cars for greener electric vehicles. Brexit-facing JLR will axe around 4,500 mostly UK jobs, the Indian-owned carmaker said, after a slump in Chinese sales last year. US carmaker Ford said it planned a major restructuring of its European operations, including […]
NEW YORK, United States (AFP) — Global stocks mostly rose Thursday, with positive sentiment on US-China trade talks offsetting disappointing holiday sales from some US retailers. China said that trade talks in Beijing with a US negotiating team had “laid the foundation” to resolve concerns held by both sides in a bruising trade war, essentially echoing upbeat comments from US officials the prior day. Discussions between US and Chinese officials to find a way out […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Friday, following rallies on Wall Street as investor sentiment improved but trade is seen to be cautious ahead of a long weekend. The benchmark Nikkei 225 index was up 0.83 percent or 167.24 points at 20,331.04 in early trade, while the broader Topix index gained 0.79 percent or 12.07 points at 1,534.08. “Japanese shares are seen performing in a steady manner in early trade, tracking rises […]
NEW YORK, United States (AFP) — Fiat Chrysler has agreed to pay nearly $650 million to resolve litigation over its use of illegal engine-control software on diesel vehicles that produced false results in emissions tests, The New York Times reported Wednesday. The automaker will pay $305 million in penalties to the federal government and California, which also brought suit, the NYT said, citing two unidentified sources who were briefed on the issue. It said the […]
TOKYO, Japan (AFP) — Tokyo stocks closed lower on Thursday as investors took profits after three days of rallies and with fears over the US government shutdown weighing on the market. The benchmark Nikkei 225 index lost 1.29 percent, or 263.26 points, to 20,163.80, while the broader Topix index dropped 0.85 percent, or 13.10 points, to 1,522.01. “As the Nikkei 225 has gained about 900 (points) in the past three days, and as the meeting […]
BEIJING, China (AFP) — The cost of producing goods in China’s factories slowed sharply in December, a sign demand remains weak as the US trade war drags on, while consumer inflation also flagged, official data showed Thursday. The producer price index (PPI) — an important barometer of the industrial sector that measures the cost of goods at the factory gate — rose 0.9 percent on-year in December, compared with a 2.7 percent rise the previous […]
by Roland JACKSON / John BIERS Agence France Presse NEW YORK, United States (AFP) — Global stocks pushed higher Wednesday on renewed optimism over talks to resolve the China-US trade war, while oil prices surged after Saudi Arabia confirmed it was on track to trim crude exports. Europe’s major stock markets followed Asian exchanges higher, with Frankfurt and Paris both ending day 0.8 percent higher. London rose 0.7 percent. Wall Street also had a solid […]
