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NEW YORK, United States (AFP) — Stock markets were uneasy and the dollar fell Monday as investors girded for another round of US tariffs imposed on Chinese goods. Traders had late last week welcomed US Treasury Secretary Steven Mnuchin’s offer to meet officials from Beijing to avert an all-out trade war. But US President Donald Trump seemed set to ratchet up pressure on China, saying an announcement was imminent, and promising action that will produce […]
WASHINGTON, United States (AFP) — President Donald Trump, to the alarm of US trading partners, has kept his course of aggressive trade policy, imposing punitive tariffs on countries he accuses of cheating American workers. His trade war with China escalated on Monday to cover nearly half of all US imports from that country, is by far the largest and broadest of several fights picked by Trump. Here is a summary of the ongoing conflicts: China […]
HONG KONG, China (Eagle News) — Hong Kong and Shanghai stocks fell soon after the open on Tuesday, extending the previous day’s sell-off after Donald Trump said he will impose tariffs on another $200 billion of Chinese goods from next week. The Hang Seng Index lost 0.80 percent, or 215.13 points, to 26,717.72 in early trade. The benchmark Shanghai Composite Index lost 0.28 percent, or 7.49 points, to 2,644.30 and the Shenzhen Composite Index, which […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower but quickly bounced back into the green on Tuesday, as investors braced for Beijing’s reaction after the US announced tariffs on another $200 billion in Chinese goods. The benchmark Nikkei 225 index, which opened lower, was up 0.33 percent or 75.83 points at 23,170.50 after the first 30 minutes of trade. The broader Topix index was up 0.47 percent 8.11 points at 1,736.72. US President Donald Trump […]
HONG KONG, China (AFP) — Asian markets sank on Monday following reports that Donald Trump is planning to hit China with another round of tariffs, dealing a blow to hopes for talks between the two economic giants. Traders sent regional equities surging on Thursday and Friday as it emerged that Treasury Secretary Steven Mnuchin had offered to meet officials from Beijing to avert an all-out trade war. However, The Washington Post and Wall Street Journal […]
HONG KONG, China (AFP) — Hong Kong stocks tumbled more than one percent in the first few minutes of trade Monday following reports that Donald Trump was preparing to impose tariffs on a further $200 billion of Chinese imports. The Hang Seng Index shed 1.24 percent, or 364.38 points, to 26,922.03 in early trade. The benchmark Shanghai Composite Index fell 0.51 percent, or 13.73 points, to 2,667.91, while the Shenzhen Composite Index, which tracks China’s […]
BEIJING, China (AFP) — The Chinese economy revealed fresh signs of softness Friday with data showing the pace of investment slowing to record lows while retail spending and industrial production stabilised. Beijing faces a delicate balancing act, aiming to shift its growth driver away from investment and exports towards personal consumption, while at the same time battling a mountain of debt. The trade spat with major export destination the United States has complicated the task […]
HONG KONG, China (AFP) — Asian markets extended their gains Friday on hopes for China-US trade talks, while Turkey’s lira held up after a shock hike in the country’s interest rate and a dip in US inflation. After a tumultuous start to the month, investors finally had something to smile about Thursday after Treasury Secretary Steven Mnuchin invited Chinese officials for fresh talks to avert an all-out trade war. The news provided some much-needed support, […]
by Glenn Chapman Agence France-Presse CUPERTINO, United States (AFP) — Apple unveiled three new iPhones on Wednesday in a bid to bolster its spot in the premium smartphone market, along with an upgraded smartwatch that takes electrocardiograms and detects falls. The California tech giant said it would begin selling its 5.8-inch iPhone XS and 6.5-inch iPhone XS Max later this month, keeping the starting price of the company’s top-end model at $999 but bumping the […]
NEW YORK, United States (AFP) — Global stocks were mixed on Wednesday, with Wall Street gyrating on the latest headlines connected to myriad trade conflicts and US airlines and insurers falling ahead of the arrival of a major hurricane. Bourses in London, Paris and Frankfurt all finished solidly higher, with some investors hunting for bargains after recent weakness, traders said. “Stocks have ticked up although traders remain nervous about the state of global trading […]
(Eagle News) — The Philippine peso dropped to its lowest value in almost 13 years as it breached the P54 to a dollar on Wednesday, Sept. 12, settling at P54.13 after the day’s trading session. This as the country’s trade deficit further widened to $22.49 billion at the end of the first seven months. The P54.13 to a dollar was only less than almost three centavos lower than the record low of P54.155 set on […]
HONG KONG, China (AFP) — The sell-off on Asian markets showed no sign of letting up Wednesday with investors fearing an escalation in the China-US trade row after Beijing said it planned to impose anti-dumping sanctions worth billions on Washington. The news adds to a sense of pessimism across trading floors in recent weeks as the world’s top two economic powers stand on the cusp of an all-out trade war that observers fear could batter […]
