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HONG KONG, China (AFP) — Markets were mixed in Asia on Tuesday and the dollar extended gains as investors bet on a quicker pace of monetary tightening by the Federal Reserve after Jerome Powell was nominated to serve a second term as boss and said his goal was to tame the recent spike in inflation. While Powell was widely expected to get the nod from Joe Biden to continue to head the central bank, the […]
HONG KONG, China (AFP) — Asian investors trod a cautious path Tuesday, with surging inflation the key point of concern on trading floors, while eyes were also on a virtual summit between Joe Biden and Xi Jinping as they plot their way through a period of tension between the superpowers. Global markets have enjoyed about 18 months of healthy gains — with many hitting record or multi-year highs — thanks to ultra-loose central bank monetary […]
KUALA LUMPUR, Malaysia (AFP) — Thailand’s re-opening to vaccinated foreign tourists marks a major easing of border controls for Asia, where governments have been far slower to roll back coronavirus travel curbs than in much of the West. Here is a look at which countries are opening up across the Asia-Pacific region and those staying sealed off from the world. – Southeast Asia – Thailand will allow vaccinated travellers from 46 countries and territories […]
HONG KONG, China (AFP) — Asian markets were mixed Monday following last week’s gains with investors keeping a worried eye on a fresh Covid outbreak in China that could drag on the already stuttering economy. Long-running worries about inflation continued to cast a shadow over trading floors, though a healthy batch of earnings have tempered those concerns in the past couple of weeks. Reporting by tech titans including Amazon, Apple, Samsung and Microsoft are on […]
HONG KONG, China (AFP) — Asian markets rose Tuesday, extending a Wall Street rally as optimism over corporate earnings provided some respite from long-running worries about inflation, central bank tightening and signs of a slowing economic recovery. A string of forecast-beating profit reports from businesses over the past week has provided a much-needed boost to investors who have for much of the year been waiting nervously for finance chiefs to start winding in the vast […]
HONG KONG, China (AFP) — Asian markets struggled Monday as inflation concerns returned to the fore, with commodity prices rallying and central banks preparing to roll back their ultra-loose monetary policies. Adding to the grey mood was data showing growth in China’s economy, the world’s second-biggest, slowed further in the third quarter, hit by a property-sector crisis and a looming energy crunch. The losses follow a healthy run-up last week across the world fuelled by […]
by with Sam Reeves in Kuala Lumpur / Haeril Halim Agence France-Presse CILEGON, Indonesia (AFP) – Smokestacks belch noxious fumes into the air from a massive coal-fired power plant on the Indonesian coast, a stark illustration of Asia’s addiction to the fossil fuel which is threatening climate targets. Asia-Pacific accounts for about three-quarters of global coal consumption — even as the region struggles with the environmental and public health impacts of global warming, from deadly […]
HONG KONG, China (AFP) — Equity markets mostly rose in Asia on Monday following a broadly positive lead from Wall Street, while investors kept a nervous eye on developments in the crisis at troubled Chinese property giant Evergrande as it teeters on the brink. Hong Kong was among the best performers on bargain-buying after suffering a blow-out last week, though traders were still none the wiser about whether Evergrande paid interest on an offshore bond […]
TAIPEI, Taiwan (AFP) — China on Thursday voiced opposition to Taiwan joining a major trans-Pacific trade deal as it flew 24 planes including two nuclear-capable bombers into the self-ruled island’s air defence zone, the biggest incursion in weeks, Taiwanese officials said. Last week Beijing submitted its own application to become a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Taiwan has lobbied for years to join and announced on Thursday that it […]
TAIPEI, Taiwan (AFP) — Taiwan has applied to join a major trans-Pacific trade deal, officials confirmed Thursday, days after China said it also wanted to become a member of the agreement. Signed by 11 Asia-Pacific countries in 2018, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is the region’s biggest free-trade pact and accounts for around 13.5 percent of the global economy. “Most of (the CPTPP’s) member countries are Taiwan’s key trade partners, accounting […]
MANILA, Philippines (AFP) — The Asian Development Bank warned of “lasting scars” from the coronavirus pandemic as it cut its 2021 growth forecast for developing Asia on slow vaccination rates, surging infections and crippling lockdowns. A shortage of doses, which has hampered efforts to inoculate the vast region stretching from the Cook Islands in the Pacific to Kazakhstan in Central Asia, could worsen as evidence of waning vaccine protection increases demand for booster shots, the […]
LONDON, United Kingdom (AFP) — Emma Raducanu’s stunning US Open triumph showed the British teenager can “rule the world” of women’s tennis, according to her former coach. Raducanu has become a global sensation after the 18-year-old stormed through qualifying to win the US Open in just her second Grand Slam appearance. She defeated Leylah Fernandez in Saturday’s final in New York to become the first British woman to win a Grand Slam singles title […]
