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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 […]
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 […]
Asian markets mostly rose Wednesday before keenly awaited trade talks between China and the United States, while early worries over a double whammy for Donald Trump also eased. While not expecting a major deal when officials from Beijing and Washington meet, investors are hopeful they can find a way out of the months-long row that has seen tariffs imposed on billions of dollars of goods and stock markets tumble. Recent comments from US Commerce Secretary […]
HONG KONG, China (AFP) — Asian equities were mixed on Friday after another painful week as fears of an all-out trade war between Beijing and Washington keep investors on edge, while China’s stock market was toppled by Japan as the world’s number two. While Apple provided a boost for Wall Street after hitting the $1 trillion market capitalization mark, the prospect of the world’s top two economies exchanging painful tariffs on hundreds of billions […]
MANILA, Philippines (AFP) — England football great Terry Butcher has stepped down as the Philippines’ head coach without taking charge of a single game, saying he was not “able to make this work”. Butcher, a veteran of three World Cups who has managed in England, Scotland, Wales and Australia, lasted less than 50 days in the job after he was appointed on June 14. The shock decision by the 59-year-old — who had spoken […]
HONG KONG, China (AFP) — Asian markets advanced Friday, with Shanghai gaining two percent as China’s weak yuan currency defied US President Donald Trump’s criticism of a strong dollar and Fed rate hikes. Trump, in part of an interview aired by US television network CNBC, broke with the long-established executive branch practice of not commenting on the Federal Reserve’s decisions out of respect for its independence. “I’m not thrilled,” Trump told the network in […]
SEOUL, South Korea (AFP) — The two Koreas on Monday discussed forming unified teams for the upcoming Asian Games in Indonesia to extend the burgeoning diplomacy on the peninsula that took off at the Winter Olympics. At their historic summit in April, North Korean leader Kim Jong Un and South Korean President Moon Jae-in had agreed to joint participation in “international sports events such as the 2018 Asian Games”. On the agenda for the […]
MANILA, Philippines (AFP) — Ex-England captain Terry Butcher has been named as the new head coach of the Philippines as the Azkals prepare to make their Asian Cup debut early next year. The former defender, who played in three World Cups, replaces former USA captain Thomas Dooley, whose four-year reign ended on March 18, officials announced late Thursday. A post on the team’s Facebook page hailed the appointment of Butcher as well as Sheffield-born […]
https://youtu.be/f7KoMVXBIlM (Eagle News) – The landmark and historic summit between United States President Donald Trump and North Korean leader Kim Jong Un would be good for the stability of Asia, according to Philippine Ambassador to the United States, Ambassador Jose Manuel Romualdez. Noting that the summit happened on June 12, the same day as the Philippines was commemorating its 120th Philippine Independence Day, Romualdez said that this meeting between the two leaders would “lead […]
by Jenny Vaughan and Asia bureaus © Agence France-Presse THANH HOA, Vietnam (AFP) — A Vietnamese mangrove draped with polythene, a whale killed after swallowing waste bags in Thai seas and clouds of underwater trash near Indonesian “paradise” islands — grim images of the plastic crisis that has gripped Asia. About eight million tonnes of plastic waste are dumped into the world’s oceans every year, the equivalent of one garbage truck of plastic being tipped into […]
SALALAH, Oman (AFP) — Oman said Friday that Cyclone Mekunu, which wreaked havoc in the Yemeni island of Socotra, has intensified into category 2 as it bore down on the south of the sultanate. “Latest observations show that tropical Cyclone Mekunu has intensified to category 2,” with high wind speeds, Oman’s Directorate General of Meteorology said on Twitter. The centre said in its latest warning that the eye of Mekunu was expected to hit Salalah, the […]
HONG KONG, China (AFP) — Asian markets rallied Monday and the dollar extended gains after the US and China said they had agreed to hold off imposing tariffs, averting a potentially damaging trade war. After high-level talks in Washington, the two economic superpowers revealed a deal had been hammered out, ending months of tension that have sent financial markets into a frenzy. Treasury Secretary Steven Mnuchin told Fox News on Sunday “right now we have […]
