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HONG KONG , China (AFP) — Asian markets turned lower Wednesday following a negative lead from Wall Street and Europe, with analysts saying Britain’s shock decision to call a snap election added to global uncertainties. The pound held on to its gains after Prime Minister Theresa May announced a snap poll for June 8 as she looks to cement a mandate heading into key Brexit talks with her European Union counterparts. The move comes as France […]
HONG KONG, China (AFP) — Most Asian markets rose Tuesday but investors remain on edge over geopolitical tensions with US-Russian relations strained by last week’s Syria strike and sabre-rattling on the Korean peninsula. While stocks pared the initial plunge that met news of the US missile attack on a Syrian airbase, the brewing crisis is keeping dealers on edge heading into the company earnings season. President Donald Trump’s administration has rankled Moscow by saying it […]
SINGAPORE, Singapore (AFP) — French President Francois Hollande called Sunday for efforts to intensify the relationship between Europe and Asia in the face of resurgent “isolationism.” He was speaking in Singapore, the first stage of the last international tour of his five-year term which will also take him to Malaysia and Indonesia. “I appeal for us to intensify our exchanges, our trade, political and cultural agreements,” he said. “This is all the more necessary […]
HONG KONG, China (AFP) — Asian nations must spend $26 trillion by 2030 on infrastructure to battle poverty, boost economic growth and fight climate change, the Asian Development Bank warned on Tuesday. In its “Meeting Asia’s infrastructure needs” report, the lender said governments in some of the poorest countries in the world should invest in everything from transport, telecommunications, power and water and sanitation. It added that despite dramatic infrastructure growth in recent decades, more […]
ENGLAND, United Kingdom (Reuters) — Scientists tracking a crop-destroying caterpillar known as armyworm say it is now spreading rapidly across mainland Africa and could reach tropical Asia and the Mediterranean in the next few years, threatening agricultural trade. Researchers at the Britain-based Centre for Agriculture and Biosciences International (CABI) said the pest, which had not previously been established outside the Americas, is now expected to spread “to the limits of suitable African habitat” within a […]
(Eagle News) — The Philippine economy grew a solid 6.8 percent in 2016, surpassing even China, and considered one of the fastest rates in Asia last year. Data provided by the Philippine Statistics Authority showed that the Philippine economy was even faster that China (6.7 percent), and Vietnam (6.2 percent) reflecting the fastest Gross Domestic Product growth in Asia. Finance Secretary Carlos Dominguez III said that this proved that the economy is in “pretty good […]
(Reuters) — The commitment of the United States is vital for peace and prosperity in the Asia-Pacific region, Japan’s Prime Minister Shinzo Abe said on Monday (January 16) during a visit to Vietnam, the last destination of his six-day trip to the region. “We (Vietnam, Indonesia, Philippines and Australia) have agreed that the commitment of the United States is vital for the peace and prosperity of the region,” he told a news conference in Hanoi, […]
(Eagle News) – Philippine President Rodrigo Duterte launched the Philippine chairmanship of the Association of Southeast Asian Nations in all “humility,” saying that the Philippines will continue to remain steadfast in upholding the ASEAN ideals and values as ASEAN chair. “I say to you today in full humility: the Philippines — as ASEAN chair — will remain steadfast in upholding the ideals and values we hold dear and in working for the realization of […]
HONG KONG, China (AFP) — Asian markets headed into the weekend on a positive note Friday, with Tokyo again propelled by the weaker yen but the dollar edged back slightly in the afternoon following its recent surge against global currencies. With traders confident the Federal Reserve will hike interest rates before year-end, the dollar is cruising along, hitting record highs against India’s rupee and the Turkish lira and touching multi-month highs elsewhere. The advance […]
HONG KONG, China (AFP) — The dollar barrelled ever higher Thursday, sitting at an eight-month high against the yen and fuelling another rally in Tokyo stocks but traders in most other markets turned cautious. US investors gave their Asian colleagues another strong lead with the Dow hitting a new record on Wall Street after fresh data showed further improvement in the US economy and reinforced expectations for an interest rate hike next month. Global markets […]
HONG KONG, China (Reuters)– Western artwork by prominent artists such as Picasso, Monet, Warhol and others will be on sale at Christie’s first private sale exhibition in Asia. The exhibition named “The Loaded Brush”, will be the focus of Christie’s Hong Kong Autumn sales and is expected to fetch more than $250 million. The collection will be available for buyers on a first-come-first-serve basis and is the first of any such private sale organised by […]
by Sam Reeves Martin Abbugao LIMA, Peru (AFP) — US President Barack Obama on Sunday defended free trade as fellow Asia-Pacific leaders vowed to fight protectionism after Donald Trump’s shock election victory sparked fears for the future of global commerce. The surprise win by Trump, who vowed to tear up trade deals that he claimed sent American jobs abroad, has raised concerns that years of rolling back trade barriers could be reversed. His victory overshadowed […]
