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HONG KONG, China (AFP) — Asian stocks eased Thursday as traders anxiously awaited news from high-level US-China trade talks starting in Beijing. Negotiators from the two economic superpowers kicked off discussions in the Chinese capital aimed at defusing a row that has already triggered tariffs on billions of dollars worth of exports and threatened to stymie global growth. Failure to resolve the dispute would initiate a sharp hike in US tariffs on $200 billion of […]
by Amelie BARON Agence France Presse PORT-AU-PRINCE, Haiti (AFP) — Whether using social media to fight corruption or marching in protests that have brought the country to a halt, the anger of Haiti’s youth at their lack of prospects is boiling over in increasingly dramatic ways. Marco Beausejour, a graduate who struggles to make ends meet driving a motorbike-taxi, said that embattled President Jovenel Moise “launched clean-up programs which he said would create 50,000 jobs.” […]
TOKYO, Japan (AFP) — Tokyo shares closed lower on Friday, following a global market slide stemming from the lowered European economic outlook as well as receding hopes for smooth progress in US-China trade talks. The benchmark Nikkei 225 index dropped 2.01 percent or 418.11 points to end at 20,333.17. Over the week, it was down 2.19 percent. The broader Topix index lost 1.89 percent or 29.63 points to 1,539.40. Over the week, it was down […]
NEW YORK, United States (AFP) — Europe’s stock markets struggled to find direction Wednesday as investors digested downbeat German economic data following an uneventful State of the Union address by US President Donald Trump. Frankfurt dropped 0.3 percent as official figures showed that industrial orders in Germany fell back in December, the latest sign of a slowdown in Europe’s largest economy. London stocks slipped by 0.1 percent meanwhile, with online supermarket Ocado hit by a […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Thursday tracking falls in US shares, with investors focusing on corporate earnings reports. The benchmark Nikkei 225 index was down 0.19 percent or 39.11 points at 20,834.95 in early trade while the broader Topix index slipped 0.24 percent or 3.78 points to 1,578.35. “Following declines in US shares, selling is seen dominating trade in early hours,” Okasan Online Securities said in a commentary. Given earnings reports […]
JAKARTA, Indonesia (AFP) — Indonesia posted slightly stronger economic growth in 2018, data showed Wednesday, but it still fell well short of President Joko Widodo’s seven percent target as elections draw closer. Southeast Asia’s biggest economy expanded 5.17 percent on-year, ticking up from 5.10 percent in 2017 and beating most analyst forecasts. Domestic spending was a key driver, the statistics agency said, as the commodities-driven economy weathered rocky global demand. “This growth is quite an […]
TOKYO, Japan (AFP) — There is still time to find a solution to Britain’s exit from the EU, German Chancellor Angela Merkel said Tuesday, voicing optimism on a political deal over the tricky “backstop” that has stymied progress. Speaking to Japanese and German business leaders in Tokyo, Merkel stressed that “on the one hand, time is pressing” and businesses using “just-in-time” delivery processes could not afford lengthy customs procedures. However, she added: “From a […]
HONG KONG, China (AFP) — Asian markets rose Monday as investors were cheered by a blockbuster US jobs report last week, while trade was thin owing to the three-day Lunar New Year break. Expectations that the Federal Reserve will take its foot off the gas in raising interest rates and optimism that China and the United States will eventually hammer out a deal to resolve their long-running trade war were also providing support. With most […]
HONG KONG, China (AFP) — Asian markets mostly rose Friday, with investors treading carefully as China-US trade talks ended with no deal but with both sides sounding notes of optimism and setting up more high-level meetings later this month. After the much-anticipated gathering, Donald Trump hailed “tremendous progress” between the world’s top two economies but warned the “hard deadline” of March 1 remained in place, after which US tariffs on billions of dollars of Chinese […]
SEOUL, South Korea (AFP) — The world’s biggest shipbuilder, South Korea’s Hyundai Heavy Industries, has reached a deal to acquire a majority stake in ailing number two Daewoo from the government, Seoul said Thursday. The world’s top three shipbuilders are South Korean — Samsung Heavy ranks third — but the industry has been hammered in recent years by overcapacity and plunging ship prices. Daewoo Shipbuilding & Marine Engineering has struggled in particular and has repeatedly […]
BEIJING, China (AFP) — China’s manufacturing activity contracted for a second consecutive month in January, official data showed Thursday, another sign of the country’s economic slowdown. The Purchasing Managers’ Index (PMI), a gauge of factory conditions, came in at 49.5 for the month, up slightly from 49.4 in December, according to the National Bureau of Statistics (NBS). Although this marks the first uptick in four months, it remained below the 50.0 mark separating expansion from […]
by Daphne ROUSSEAU Agence France Presse BERLIN, Germany (AFP) — German software giant SAP said Tuesday it would slash 4,400 jobs in a billion-euro restructuring plan after profits stagnated in 2018, while insisting it was on track to grow revenues and earnings this year. “We are talking about a completely voluntary programme,” chief financial officer Luka Mucic said. The number of job cuts would be “slightly higher” than during a previous overhaul in 2015, […]
