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SYDNEY, Australia (AFP)–Weak inflation, sluggish wage growth and high levels of household debt saw Australia’s central bank keep interest rates on hold at a record low on Tuesday. The Reserve Bank of Australia slashed the cash rate from November 2011 to August 2016 to 1.50 percent to boost the economy as it transitioned away from a mining investment boom and it has not moved since. Most economists are not expecting the bank to lift them […]
HONG KONG, China (AFP) — Asian markets fluctuated on Tuesday with investors moving cautiously as they await the latest developments in Donald Trump’s trade spats with China and Canada. With US markets closed for the Labor Day holiday, there were few catalysts to drive business though dealers remain nervous after Trump said he wanted to impose fresh tariffs ion a huge swathe of Chinese goods by the end of this week. There is also growing […]
HONG KONG, China (AFP) — Asian markets started Monday on a negative note as trade tensions returned to the fore with Donald Trump eyeing fresh tariffs on a swathe of Chinese goods and NAFTA talks with Canada hitting a wall. The optimism that flowed through trading floors at the start of last week has been replaced by a now-familiar sense of dread after the US president hit out at Ottawa over the weekend as the […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Monday, weighed down by investor caution over US trade tensions with Canada and China. The benchmark Nikkei 225 index lost 0.21 percent or 48.60 points to 22,816.55 in early trade while the broader Topix index was also down 0.21 percent or 3.64 points at 1,731.71. After American markets closed mixed on Friday, news emerged that US-Canada talks ended without an agreement on rewriting the North American […]
by Julien Girault Agence France Presse BEIJING, China (AFP) — China’s massive and expanding “Belt and Road” trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt. First announced in 2013 by President Xi Jinping, the initiative also known as the “new Silk Road” envisions the construction of railways, roads and ports across the globe, with Beijing providing billions of dollars in loans to […]
SHANGHAI, China (AFP) — China’s major airlines mostly saw their earnings battered in the first half of the year as a weaker Chinese yuan and higher fuel prices offset steadily rising passenger traffic. Net profit at China Eastern Airlines for January-June plunged 48 percent on-year to 2.3 billion yuan ($337 million), the company said Thursday in a statement to the Hong Kong stock exchange, where it is listed. “China’s civil aviation industry continued to maintain […]
BEIJING, China (AFP) — China’s factory activity ticked marginally upward in August, official data showed Friday, beating forecasts as analysts expected the trade war with the US to weigh more heavily on manufacturing. The Purchasing Managers’ Index (PMI), a key gauge of factory conditions, came in at 51.3 for the month, up from 51.2 in July, the National Bureau of Statistics (NBS) said. The number beat the 51.0 reading tipped in a Bloomberg News survey […]
HONG KONG, China (AFP) — Asian markets sank Friday as the China-US trade row burst back into view with a report that Donald Trump wants to impose tariffs on $200 billion of goods as early as next week. After starting the week with three days of rallies — fuelled by hopes for a new Canada-US-Mexico trade pact and easing Brexit fears — investors were sent running for the hills as the row with Beijing shows […]
TOKYO, Japan (AFP) – Japan’s jobless rate edged up to 2.5 percent in July, official data showed Friday, with the number of available positions far outstripping job hunters as the country’s labour shortage persists. The July data from Japan’s internal affairs ministry is only a marginal increase from the 2.4 percent rate in June and 2.2 percent in May, a 26-year low. And the jobs-to-applicants ratio in July was the highest in 44 years, with […]
HONG KONG, China (AFP) — Most Asian markets fell Thursday, with investors unable to build on another record close on Wall Street, instead taking profits after a strong week. New York’s indexes powered ahead as news that Canada and the United States were close to a fresh deal that would revive the North American Free Trade Agreement coincided with better-than-expected US growth and a possible breakthrough in Brexit talks. The pound and euro were also […]
(Eagle News) — Inaasahang maaabot ng inflation ang pinakamataas na lebel nito ngayong third quarter ng taon. Ayon kay Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr., kabilang sa mga factor na makapagdudulot ng mataas o mabilis na inflation ay ang mas mataas na excise taxes sa tobacco products at ang mas mataas na presyo ng produktong petrolyo sa pandaigdigang merkado. Inaasahan aniya na ang inflation ay babalik sa target na 2 hanggang 4 […]
HONG KONG, China (AFP) — Asia struggled on Thursday to ride the wave of optimism that swept Wall Street to another record close, with investors taking a breather after a strong week across most markets. New York’s indexes powered ahead as news that Canada and the United States were close to a fresh trade deal that would revive NAFTA coincided with better-than-expected US growth and a possible breakthrough in Brexit talks. The pound and euro […]
