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by Beiyi SEOW Agence France Presse China’s economic growth accelerated in the first quarter of the year to 4.8 percent, official data showed Monday, but the government warned of “significant challenges” ahead while massive Covid-19 lockdowns started to bite. The world’s second-biggest economy had lost steam in the latter half of last year with a property slump and regulatory crackdowns, pulling down growth. But it exceeded expectations in the first three months of 2022, […]
HONG KONG, China (AFP) — Equities fell Friday after their worst quarter since the early days of the pandemic as traders assess the impact of the war in Ukraine and the Federal Reserve’s plans to fight surging inflation by ramping up interest rates. Oil fell further following a plunge Thursday in response to news that the United States would release a million barrels a day from its reserves as it looks to rein in […]
HONG KONG, China (AFP) — Asian equities were mixed Wednesday as three days of painful losses gave way to a semblance of stability, though oil prices extended gains after the United States and Britain moved to ban imports of Russian crude. But while the panic selling that characterized markets for two weeks eased, analysts warned of further volatility as Russia showed no sign of letting up on its invasion of Ukraine. The crisis has fuelled […]
HONG KONG, China (AFP) — Equities mostly rose Wednesday and oil prices stabilized as investors tracked developments in the Russia-Ukraine crisis after world powers imposed less harsh sanctions on Moscow than feared. However, trading floors remain on edge after Russian President Vladimir Putin ordered his forces into Ukraine to secure the self-declared Donetsk and Lugansk rebel republics, with Western leaders warning that a war could break out imminently. Global markets have been in turmoil since […]
New York’s West Texas Intermediate crude contract rose more than three percent on Tuesday as Russian President Vladimir Putin ordered troops to deploy in separatist areas of Ukraine. WTI Crude rose 3.14 percent to $93.93 per barrel in early Asian trade, while Europe’s benchmark Brent North Sea crude was up 1.98 percent at $95.39 per barrel. kaf/ssy © Agence France-Presse
WASHINGTON, United States (AFP) — Seven US sailors were injured Monday in a Navy F-35C fighter “landing mishap” on an aircraft carrier in the South China Sea, the Navy said. The accident occurred while the F-35C Lightning II, a stealth combat aircraft, was attempting to land on the USS Carl Vinson during routine flight operations, the US Pacific Fleet said in a statement. The pilot of the aircraft was in stable condition after ejecting and […]
Almost 120 million doses already administered nationwide; 56.4 million already fully vaccinated. (Eagle News) – The Philippines ranked third among ASEAN countries and 11th in Asia for having the most COVID-19 vaccines administered, according to Malacanang. In the ASEAN region as of January 17, 2022, Indonesia topped countries for having the most vaccine doses administered with 296,140,303 total administered doses and almost 1.3 billion doses daily rate of doses administered (7-day average), followed by […]
HONG KONG, China (AFP) — Most Asian and European markets rose Monday as traders brushed off another negative performance on Wall Street as US data showed fewer new jobs than expected were created last month but that wages saw a strong gain, keeping pressure on the Federal Reserve in its battle against inflation. Traders will be keeping a watch on inflation readings out of the United States and China this week as they try to […]
HONG KONG, China (AFP) — Markets struggled in Asia on Wednesday following a tepid lead from Wall Street, with inflation and expected interest rate hikes returning to the key focus of concerns as Omicron fears fade for now. While the new Covid variant continues to spread rapidly around the world, forcing governments to maintain containment measures, its apparently milder symptoms have allowed traders to focus more on future economic policies and plans to rein in […]
HONG KONG, China (AFP) — Asian markets rose Tuesday following a strong lead from yet another record on Wall Street that was fuelled by easing concerns about Omicron and remaining optimism about the economic recovery. While the new Covid variant is spreading like wildfire around the world, it appears to be far less severe than initially feared, raising hopes that the pandemic could be overcome and life return to a little more normality. However, inflation, […]
HONG KONG, China (AFP) — Asian equity and oil traders were sent running Tuesday after the head of Moderna warned current coronavirus vaccines might be less effective at fending off the Omicron variant, fuelling fears that countries could be forced back into economically painful lockdowns. Stocks had mostly been edging up after a two-day sell-off that followed news Friday of the new variant, which some observers said was overdone as billions of people have […]
HONG KONG, China (AFP) — Asian markets and oil prices sank while safe havens rallied on Friday over fears of a new Covid-19 variant that scientists warn could be more infectious than Delta and more resistant to vaccines, dealing a blow to the global recovery. The B.1.1.529 strain has been blamed for a surge in fresh cases in South Africa and has already cropped up in Hong Kong, with the World Health Organization due to […]
