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HONG KONG, China (AFP) — Asian markets rallied Monday after China and the US said they were close to agreeing on a mini trade deal, but the pound extended losses on fresh Brexit uncertainty while EU leaders consider extending a deadline for Britain to leave the bloc. Investors tracked a strong lead from Wall Street, where the S&P 500 flirted with another record after the US Trade Representative’s office said the top-level negotiators had held […]
KUALA LUMPUR, Malaysia (AFP) — Animated film “Abominable” will not be shown in Malaysia after its distributor Sunday said it could not comply with censors’ demands to cut a controversial scene showing Beijing’s disputed claims in the South China Sea. The decision comes after Vietnam pulled the Universal Pictures movie from theatres days ago and the Philippines’ foreign secretary called for the segment to be excised. “Universal has decided not to make the censor […]
HONG KONG, China (AFP) — Asian markets sank Wednesday and the dollar struggled to bounce back following a worse-than-expected reading on US factory activity that revived worries about the impact of the trade war on the global economy. Adding to the selling pressure in Hong Kong were long-running concerns about the impact of increasingly violent pro-democracy protests in the city that saw a demonstrator shot and wounded by police on Tuesday. Regional investors took their […]
HONG KONG, China (AFP) — Asian markets fell Friday following declines on Wall Street as the impeachment inquiry into President Donald Trump weighed on sentiment. Political turmoil in Washington following the release of a whistleblower’s complaint overshadowed positive comments from Trump on US-China trade talks and steps towards a new agreement with Japan. The incendiary complaint alleges Trump sought to enlist Ukraine to help his 2020 campaign and then conspired with staff to cover it […]
HONG KONG, China (AFP) — Oil prices rallied Monday after Iran warned the presence of US forces in the Gulf was causing instability in the region, while equities were mostly down as Donald Trump said he did not want a partial trade deal with China. While a loosening of monetary policy by central banks is providing support to investors, they remain on edge following last week’s attack on Saudi oil facilities that was claimed by […]
SEOUL, South Korea (AFP) — South Korea on Tuesday reported its first cases of African swine fever, becoming the latest country hit by the disease that has killed pigs from China to North Korea, pushing up pork prices worldwide. Five pigs found dead at a farm in Paju, a city near the inter-Korean border, were confirmed to have been infected with the virus, an official with Seoul’s agriculture ministry told AFP. “At this point, it’s […]
HONG KONG, China (AFP) — Oil prices saw a record surge Monday after attacks on two Saudi facilities slashed output in the world’s top producer by half, fuelling fresh geopolitical fears as Donald Trump blamed Iran and raised the possibility of a military strike on the country. Brent futures surged $12 in the first few minutes of business — the most in dollar terms since they were launched in 1988 and representing a jump of […]
by Jenny VAUGHAN HANOI, Vietnam (AFP) — Dubbed “breakbone fever”, dengue is one of the world’s leading mosquito-borne illnesses and infects tens of millions across the globe annually. Around half of the planet’s population live in at-risk areas, mainly in Latin America, Africa and Asia. Explosive outbreaks have ravaged Southeast Asia this year, infecting hundreds of thousands, killing hundreds, and crippling health care systems as governments struggle to contain the untreatable virus. So what is […]
HONG KONG, China (AFP) — Asian markets rose Tuesday, recovering from the previous day’s pounding, after Donald Trump said China-US trade talks would resume soon, though the president’s sharp changes in tone are keeping investors on edge. Regional equities tanked and the yuan plunged Monday in response to news at the weekend that Washington would hike tariffs on more than half-a-trillion dollars of Chinese imports after Beijing unveiled levies on tens of billions of US […]
HONG KONG, China (AFP) — Asian markets headed into the weekend on a cautious note Friday ahead of a key speech by Federal Reserve boss Jerome Powell, while the pound held the previous day’s rally fuelled by rekindled hopes for a soft Brexit. After a positive start to the week sparked by China-US trade hopes, investors have taken a wait-and-see approach ahead of Powell’s address, which will be parsed for an idea about the central […]
HONG KONG, China (AFP) — Markets retreated in Asia on Tuesday as uncertainty over the China-US trade talks was compounded by increasing tensions in Hong Kong and an economic crisis in Argentina. Investor confidence has been knocked this month by a perfect storm of negative issues, only slightly offset by hopes for further central bank easing measures as the global outlook dims. Comments from Donald Trump throwing next month’s planned trade talks into doubt, as […]
MAWLAMYINE, Myanmar (AFP) — At least 22 people were killed when a landslide triggered by monsoon rains struck a village in eastern Myanmar, as emergency workers continued the search Saturday for scores more feared missing. A huge brown gash on the hillside marked where the deluge of mud descended on Ye Pyar Kone village in Mon state on Friday, wiping out 16 homes. Search and rescue teams worked through the night with excavators and […]
