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HONG KONG, China (AFP) — Most Asian markets extended gains Tuesday, taking a lead from fresh records on Wall Street where a long-awaited tax-cut bill is expected to be passed this week. After months of uncertainty, the controversial fiscal reforms are due to be voted on in the next few days. They could be on Donald Trump’s desk before year-end, giving the embattled US president his first major legislative victory. “Equity markets have started […]
By Agence France Presse A rapidly growing gap between rich and poor in many developing East Asian nations is threatening the foundation for the region’s economic success, the World Bank said Monday. “The whole basis for East Asia’s success was this sense that everything was fair — you worked hard, you got ahead — but that is beginning to unravel a little bit,” said Sudhir Shetty, the bank’s chief economist for East Asia and […]
CANBERRA, Australia (Reuters) — Australia called on Thursday (November 23) on the United States to build a strong presence in Asia and bolster ties with “like-minded” partners while warning against China’s rising influence. A more insular United States would be detrimental to the liberal nature of the world’s “rules-based order”, the government said in a 115-page foreign policy white paper. The white paper is a guide for Australian diplomacy and provides a roadmap for advancing […]
HONG KONG, China (AFP) — The dollar struggled Thursday in Asia following the previous day’s losses as dovish Federal Reserve minutes rowed back expectations for US interest rate hikes. While board members at the US central bank will likely lift borrowing costs next month, official records of their October meeting indicate some are increasingly concerned about persistently low inflation as well as high equity prices. The release of the minutes came after data showing a […]
SEOUL, South Korea (AFP) — Dramatic footage of a North Korean soldier’s defection released shows him racing across the border under fire from former comrades, and then being hauled to safety by South Korean troops.
HONG KONG, China (AFP) — Most Asian markets edged up on Thursday after a recent sell-off across global markets but gains were tempered as the optimism that pushed equities to multi-year highs last week gives way to investor caution. Prices have been falling for much of the week as the sharp gains of October and early November led to profit-taking and worries about high valuations, while US lawmakers’ tax reform struggles are also dampening sentiment. […]
President Rodrigo Duterte reported a productive conclusion of the 31st ASEAN Summit and Related Summits on Tuesday, November 14, announcing landmark outcomes of the meetings during the Philippines’ hosting, including the commitment from China to allow “unbridled freedom of overflight and navigation” in the South China Sea. President Duterte noted the highlights of the Summit such as the start of talks for a Code of Conduct in the South China Sea and the signing […]
SHANGHAI, China (AFP) — Feng Shanshan hopes to inspire a generation of Chinese golfers after becoming the first player from the country to reach world number one. No man or woman from China had ever sat atop the golf rankings, but that changed on Saturday when the 28-year-old Feng triumphed on home soil at Hainan Island to claim a second successive LPGA Tour victory. Her ascension to number one was confirmed this week, underlining China’s growing influence […]
HONG KONG, China (AFP) — The pound sank against its major peers on Monday as British Prime Minister Theresa May’s future looks increasingly uncertain, while Asian equities traders moved cautiously after a recent rally to multi-year highs. Markets have surged in recent weeks — with Wall Street hitting several records and Tokyo touching 26-year highs — on optimism about the global economy and following a string of strong corporate earnings. But investors have started to […]
SAN PEDRO SULA, Honduras (AFP) — Australia edged closer to a place in the 2018 World Cup finals on Friday after grinding out a hard-fought 0-0 draw with Honduras in their Asia-CONCACAF playoff. Socceroos striker Tomi Juric missed golden chances in each half as the Australians dominated a physical Honduras side without managing to find a precious away goal at the Estadio Olimpico Metropolitano. Nevertheless Ange Postecoglou’s men will return to Australia for Wednesday’s second leg confident […]
HONG KONG, China (AFP) — Asian markets headed into the weekend on a negative note on Friday as traders fret over the outlook for Donald Trump’s much-vaunted tax-cut plans while profit-takers cashed in after the latest rally. The losses extended the broad regional sell-off Thursday, which started when Tokyo’s Nikkei saw a two percent gain in the morning reverse to a 1.7 percent loss at one point. While investors will be keeping an eye on […]
HONG KONG, China (AFP) — Asian markets rose Tuesday, tracking records on Wall Street as investors appeared to shrug off nervousness over tensions on the Korean peninsula, with US President Donald Trump visiting Seoul. US stocks hit fresh highs for the second straight day while London’s FTSE 100 also powered to a new record close. The positive trend continued in Asia, where markets edged up despite concerns that Trump’s two-day visit to South Korea would […]
