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HONG KONG, China (AFP) — Asian markets plunged Monday after a sharp sell-off on Wall Street fuelled by concerns about the global economy and a possible recession in the United States. There appeared to be very little reaction to news that an investigation found no evidence of collusion between Donald Trump’s election campaign and Russia, which observers said removed some uncertainty from markets. After a broad-based rally since the start of the year built on […]
by Catherine LAI HONG KONG, China (AFP) — As millions of people in Asia choke under polluted skies, authorities have turned to water-dispersing drones and outdoor air purifiers to improve air quality, while companies have tried to cash in by selling everything from canned air to lung-purifying teas. According to the World Health Organisation, 92 percent of the population in the Asia Pacific region are exposed to levels of air pollution that pose a significant […]
WASHINGTON, United States (AFP) — Singapore’s trade minister said Wednesday he was hopeful that an Asia-wide trade pact, which is backed by China and excludes the United States, could be sealed by the end of the year. On a visit to Washington, Trade and Industry Minister Chan Chun Sing said that a clearer picture would emerge on the Regional Comprehensive Economic Partnership (RCEP) in May after elections in four countries that are part of it […]
by Andrew BEATTY CAPE GRIM, Australia (AFP) — As much of Asia wheezes, coughs and sniffles its way through another smog season, one isolated and windswept corner of Australia is serving as the global standard for clean air. With panoramic views of swaying tussock grass and the vast crystalline expanse of the Southern Ocean, Tasmania’s beautiful Cape Grim peninsula is an unlikely reference point for the scientific world. But since 1976, this wild and blustery […]
HONG KONG, China (AFP) — The pound retreated from nine-month highs in Asia on Thursday as investors are dogged by Brexit uncertainty, while equities were mixed as a healthy Wall Street lead was offset by more disappointing Chinese economic data. In another night of drama in Westminster, MPs voted against leaving the European Union without a deal, having rejected Prime Minister Theresa May’s agreement with the bloc for a second time. The move sent the […]
HONG KONG, China (AFP) — Asian markets were mixed Monday as bargain-buying from last week’s sharp losses was offset by a weak US jobs report and ongoing concerns about the global economy. Investors ran for the hills Friday after the European Central Bank slashed its growth and inflation forecasts, and China announced a plunge in exports and imports. Later that day the Labor Department said the US economy created just 20,000 jobs last month, a […]
(Eagle News) — Both Malaysian Prime Minister Mahathir Mohamad and President Duterte, the two oldest heads of state in Asia, called for maintaining freedom of navigation in the disputed South China Sea, as well as the peaceful settlement of disputes in the region. During their joint statement Thursday, March 7, after their closed door bilateral meeting, President Duterte said he and Mahathir agreed on the importance of “freedom of navigation and overflight” in the […]
HONG KONG, China (AFP) — Asian markets retreated Tuesday as investors awaited fresh developments in the China-US trade talks, while Beijing lowered its growth forecasts for this year and unveiled massive tax cuts to support the stuttering Chinese economy. Equity investors tracked losses on Wall Street, where the global rally hit a bump as optimism that the world’s top two economies are heading for a tariffs deal was replaced by a need for clarity on […]
HONG KONG, China (AFP) — Asian markets rose Monday on growing optimism for a trade deal between China and the United States after reports said the two sides were close to a breakthrough. With a busy week of data releases and events coming up, investors got off to a positive start as they cheered stories saying the tariffs stand-off between world’s top two economies that has dragged on global growth could soon be resolved. The […]
HONG KONG, China (AFP) — Markets rose in Asia on Friday though investors remain cautious as they await developments after the failure of the Trump-Kim summit while also keeping an eye on the stand-off between India and Pakistan. A better-than-expected reading on US economic growth lifted sentiment, while optimistic comments from a top White House economic advisor on the China-US trade talks also provided support. The gains put the region on course for another strong […]
HONG KONG, United States (AFP) — Asian markets were mostly up Wednesday with investors remaining positive about the prospects for a China-US trade deal while the pound held its gains as fears of a no-deal Brexit recede. Wall Street provided a tepid lead as Federal Reserve boss Jerome Powell gave little away to lawmakers on the central bank’s plans for monetary policy. With few catalysts to drive business, dealers are awaiting the latest developments in […]
HONG KONG, China (AFP) — Asian markets fell Tuesday as investors struggled to maintain momentum from the previous day’s trade talks-fuelled surge, while the pound extended gains following reports of a possible Brexit delay. Donald Trump’s decision to waive this week’s deadline for China-US negotiations and his upbeat tone on their progress lit a fire under regional equities Monday on hopes the long-running dispute could be nearing its end. However, while dealers are hopeful the […]
