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HONG KONG, China (AFP) — Asian markets rose Friday as trade hopes were given a boost by Donald Trump’s economic aide saying “enormous progress” had been made in talks with China, easing recent concerns that they were stumbling. Hong Kong enjoyed a much-needed leg-up after a bruising week but sentiment remained fragile after the city endured another night of violent protest, with the transport network partially shut down and many businesses closed for the fifth […]
HONG KONG, China (AFP) — Asian markets were mixed in early trade Tuesday with investors keeping tabs on the latest developments in the China-US trade talks, while Hong Kong staged a minor recovery after the previous day’s steep losses. The pound built on gains after British Prime Minister Boris Johnson was given a boost by news the Brexit party would not run against his Conservatives in hundreds of seats in next month’s general election. While […]
by Dan Martin SHANGHAI, China (AFP) — Chinese customers spent billions of dollars during the opening hours of the country’s annual “Singles’ Day” frenzy Monday, the world’s biggest 24-hour shopping event that was kicked off by US megastar Taylor Swift. E-commerce giant Alibaba said the first $1 billion spent on its platforms was reached in just 68 seconds. The total gross merchandise volume settled through its payments platform Alipay hit 100 billion yuan ($14.3 billion) […]
NEW YORK, United States (AFP) — Wall Street stocks paused Tuesday in record range on rising hopes over US-China trade talks as US services sector data topped expectations. The Dow mustered a narrow record for a second day in a row, while the S&P 500 fell slightly and the Nasdaq was flat. Hopes that the United States and China will soon seal “phase one” of a trade agreement got another push Tuesday following a Wall […]
TOKYO, Japan (AFP) — Tokyo’s benchmark Nikkei index closed at a fresh 13-month high on Wednesday on optimism over US-China trade talks. The Nikkei 225 index, which logged its best finish in nearly 13 months on Tuesday, added 0.22 percent, or 51.83 points, to end at 23,303.82. The broader Topix index was flat, edging up 0.02 percent, or 0.29 points, at 1,694.45. Wall Street stocks held firm in record range on Tuesday thanks to rising […]
HONG KONG, China (AFP) — Asian markets were mixed Tuesday as investors took a step back after recent rallies, awaiting the next developments in the China-US trade talks. Wall Street provided a perfect lead — with all three main indexes closing at record highs — on optimism the economic superpowers are close to agreeing on the first part of a wider tariffs pact. Global markets have been enjoying a healthy run in recent weeks, boosted […]
MANILA, Philippines (AFP) — The Philippines’ largest budget airline Cebu Air Inc has ordered 16 Airbus planes worth $4.8 billion, the carrier said Monday, as it aims to expand carrying capacity with larger, more fuel-efficient jets. Cebu Air, commonly referred to as Cebu Pacific, said it sees the long-range A330neo jetliner as key to lowering its per-seat costs and maximizing the airport slots it already has. The company will use the new planes for […]
BANGKOK, Thailand (AFP) — Chinese phone giant Huawei said Sunday it was ready to roll out 5G infrastructure across Southeast Asia, dismissing US warnings its tech could be used to hoover up data for Beijing. The firm has emerged as a key protagonist in the wider US-China trade war that has seen tit-for-tat tariffs imposed on hundreds of billions of dollars worth of goods. President Donald Trump’s administration has warned Huawei’s equipment could allow China […]
by Anuj Chopra DHAHRAN, Saudi Arabia (AFP) — Saudi Arabia on Sunday announced the stock market debut of energy giant Aramco, in what could be the world’s biggest IPO, underpinning Crown Prince Mohammed bin Salman’s ambitions to overhaul the kingdom’s oil-reliant economy. After years of delay, Aramco said it plans to sell an unspecified number of shares on the Riyadh stock exchange, calling it a “historic” milestone for the world’s most profitable company which pumps […]
NEW YORK, United States (AFP) — Wall Street stocks gained early Friday after the October US jobs report topped expectations despite a hit from the General Motors strike. Employers added 128,000 net new jobs last month, the Labor Department reported, much better than the 80,000 projected by analysts and in spite of lower auto industry staffing that was apparent in data on that sector. “The key takeaway from the report is that it is not […]
HONG KONG, United States (AFP) — Most Asian markets rose on Friday as traders overcame early jitters about the China-US trade talks that were fuelled by a report saying Beijing officials had raised doubts about the chances of a long-term deal. Investors were also spooked by a speech by Secretary of State Mike Pompeo, in which he called China “truly hostile” to the US, leading Beijing to accuse the White House of “viciously” attacking it. […]
HONG KONG, China (AFP) — Asian markets mostly rose Tuesday, taking up the baton after a record close on Wall Street, with investors filled with a renewed sense of hope over China-US talks, while the pound was winning support from easing Brexit fears. Expectations for another Federal Reserve interest rate cut this week and a strong corporate reporting season were also providing a much-needed lift to confidence after a rollercoaster year on global trading floors. […]
