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HONG KONG, China (AFP) — Asian markets mostly rose on Tuesday with energy firms rallying with their United States counterparts after the recovery in oil prices extended in New York, where the Dow chalked up another record high ahead of Independence Day. Crude lost around a fifth of its value between mid-May and mid-June, hitting 10-month lows, as traders fretted that a pick-up in US output was offsetting cuts by key producers in OPEC and […]
By Errah Jean H. Crusim Mexican embassy opens “The Galleon: Manila-Acapulco Galleon Museum,” a replica of an 18th century galleon based on the original naval architectural plans, which is also open to the public. The museum situated at the SM Mall of Asia complex is a reminder of the important role of Mexico in the first global economy. A vital part of Asia’s trade and commerce was carried on the Galleon, and Philippines was an […]
SYDNEY, Australia (Reuters) — Sydney’s Taronga Zoo welcomed the arrival of an Asian elephant calf on Friday (May 26), the first to be born there in nearly seven years, according to a statement. The unnamed male calf weighed in at 130 kilograms and was standing within five minutes of the birth, zoo staff confirmed. The zoo said that the latest arrival will be a second for mother Pak Boon, who delivered a female calf named […]
HONG KONG, China (AFP) — Energy firms took a hit on Friday after crude prices plunged almost five percent the previous day as traders were left disappointed by the Organization of Petroleum Exporting Countries latest output cuts. Keenly awaited talks between the bloc and Russia ended Thursday with news that a deal to reduce output for six months until the end of June would be increased by another nine months in a bid to address an […]
HONG KONG, China (AFP) — Asian traders trod carefully Tuesday as profit-taking from the previous day’s rally offset a healthy lead from Wall Street, while the pound briefly fell after authorities said a blast in Manchester could be terror-related. Global markets pushed higher Monday as energy firms benefited from a surge in oil prices as OPEC and Russia look set to extend an output cut, while US dealers welcomed an optimistic survey on US manufacturing. […]
(Eagle News) – President Rodrigo Duterte is now back in the country after his official visits to Cambodia, Hong Kong and China, saying that he is now more convinced that the future of the country lies in the Association of Southeast Asian Nations and Asian cooperation. “I am glad to be back,” he said upon arriving around 3 a.m. on Tuesday from his trip in Beijing, China where he met with Chinese president Xi Jinping […]
JAKARTA, Indonesia (AFP) — Supporters of Jakarta’s non-Muslim governor staged a colorful rally outside city hall Wednesday a day after he was jailed for blasphemy, in a case that has damaged Indonesia’s image as a bastion of tolerant Islam . A crowd wearing red and white — the colors of the Indonesian flag — gathered outside the colonial-era building calling for Basuki Tjahaja Purnama’s release, and singing the country’s national anthem. “Let’s fight for justice,” […]
(Reuters) — U.S. Secretary of State Rex Tillerson welcomed leaders from the Association of Southeast Asian Nations (ASEAN) to Washington on Thursday (May 4). The talks come amid signs members of ASEAN are tilting diplomatically toward China as the Trump administration’s policy on the region remains unclear. President Trump’s flurry of calls last weekend to the leaders of the Philippines, Thailand and Singapore might cheer those who fear his predecessor Barack Obama’s “pivot” to […]
(Eagle News) — President Rodrigo Duterte said ASEAN member countries are “extremely worried” because of the rising tensions following the North Korean firing of a ballistic missile, saying this is putting “Mother Earth on an edge” and could lead to a nuclear war where Asia will be the first victim. “The countries of ASEAN, or ASEAN as a word is extremely worried. There seems to be two countries playing with their toys, and […]
HONG KONG, China (AFP) — Asian markets took a step back Thursday after a four-day rally, tracking a weak lead from Wall Street, as traders assess the chances of Congress passing Donald Trump’s massive tax cuts. As expected, the administration unveiled plans to slash corporate and individual rates but there were few details and there are questions over how the measures will be paid for. The proposals are part of a wide-ranging plan to fire […]
HONG KONG, China (AFP) — Asian markets extended gains Tuesday while the euro held up following Emmanuel Macron’s first round presidential election win in France, with investors now looking forward to United States President Donald Trump’s promised tax reforms. Global markets soared Monday after Macron topped the initial polls and looked well on course to beat hit run-off rival, far-right candidate Marine Le Pen, next month. There had been fears a win for the anti-European, […]
by Danny McCord Agence France Presse HONG KONG, China (AFP) — Asian markets rose Thursday following broad losses the previous two days but analysts warned caution was prevailing owing to geopolitical worries and fading hopes for Donald Trump’s massive stimulus drive. Energy firms were among the main laggards, tracking losses in their US counterparts, after a surprise jump in US petroleum inventories sent oil prices skidding almost four percent Wednesday. Tokyo ended the morning 0.3 […]
