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VLADIVOSTOK, Russia (AFP) — Russian President Vladimir Putin on Wednesday suggested Russia and Japan sign a peace deal “without any preconditions” by the end of the year to try to solve a long-running territorial dispute. “Let’s conclude a peace agreement by year’s end without any preconditions,” he told an economic forum in the far eastern city of Vladivostok attended by Japanese Prime Minister Shinzo Abe and other leaders. © Agence France-Presse
by Ryan McMorrow Agence France Presse BEIJING, China (AFP) — A growing number of Chinese companies are adopting a crafty way to evade US President Donald Trump’s tariffs: remove the “Made in China” label by shifting production to countries such as Vietnam, Serbia and Mexico. The world’s two largest economies have been locked in a months-long trade fight after Trump imposed 25 percent customs duties on $50 billion worth of Chinese goods this summer, triggering […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Wednesday, extending losses on global bourses amid continued worries about trade conflicts. The Nikkei 225 index was down 0.25 percent or 57.20 points at 22,639.70 in early trade, while the broader Topix index was down 0.36 percent or 6.26 points at 1,711.98. “Following directionless trade on Tuesday, we are seeing another day without clues for trade, and selling may dominate the market,” SBI Securities said in […]
SYDNEY, Australia (AFP)–Weak inflation, sluggish wage growth and high levels of household debt saw Australia’s central bank keep interest rates on hold at a record low on Tuesday. The Reserve Bank of Australia slashed the cash rate from November 2011 to August 2016 to 1.50 percent to boost the economy as it transitioned away from a mining investment boom and it has not moved since. Most economists are not expecting the bank to lift them […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Monday, weighed down by investor caution over US trade tensions with Canada and China. The benchmark Nikkei 225 index lost 0.21 percent or 48.60 points to 22,816.55 in early trade while the broader Topix index was also down 0.21 percent or 3.64 points at 1,731.71. After American markets closed mixed on Friday, news emerged that US-Canada talks ended without an agreement on rewriting the North American […]
BEIJING, China (AFP) — China’s factory activity ticked marginally upward in August, official data showed Friday, beating forecasts as analysts expected the trade war with the US to weigh more heavily on manufacturing. The Purchasing Managers’ Index (PMI), a key gauge of factory conditions, came in at 51.3 for the month, up from 51.2 in July, the National Bureau of Statistics (NBS) said. The number beat the 51.0 reading tipped in a Bloomberg News survey […]
TOKYO, Japan (AFP) – Japan’s jobless rate edged up to 2.5 percent in July, official data showed Friday, with the number of available positions far outstripping job hunters as the country’s labour shortage persists. The July data from Japan’s internal affairs ministry is only a marginal increase from the 2.4 percent rate in June and 2.2 percent in May, a 26-year low. And the jobs-to-applicants ratio in July was the highest in 44 years, with […]
by Andrew Beatty Agence France-Presse WASHINGTON, United States (AFP) — US President Donald Trump and his allies tried to head off mounting talk of his impeachment Thursday, warning it would sink the world’s largest economy and spark a public “revolt.” After Trump was implicated as a co-conspirator in two campaign finance violations, both of them federal felonies, he and his closest advisors offered dire words of caution about the consequences of removing him from […]
NEW YORK, United States (AFP) – PepsiCo said Monday it plans to buy SodaStream, an Israeli maker of carbonation products, for $3.2 billion as the beverage and snacks giant makes further inroads with in-home goods. The cash deal will see PepsiCo pay $144 per share for SodaStream’s outstanding stock, a 32 percent premium over its average price of the past 30 days. SodaStream offers consumers “the ability to make great-tasting beverages while reducing the amount […]
HONG KONG, China (AFP) — Asian markets opened higher Friday after a positive lead from Wall Street and Europe, with investors cautiously optimistic about upcoming US-China trade talks. Negotiators from Washington and Beijing will meet later this month in the first publicly announced meeting in weeks on their bitter trade dispute, which has seen both sides impose reciprocal tariffs on goods worth $34 billion. The news helped global markets regain composure after several days of […]
NEW YORK, United States (AFP) — Wall Street stocks finished lower Monday amid worries the Turkish currency crisis will spread to other emerging economies. The Dow Jones Industrial Average shed 0.5 percent to close at 25,187.70. The broad-based S&P 500 fell 0.4 percent to 2,821.93, while the tech-rich Nasdaq Composite Index fell 0.3 percent to 7,819.71. The declines in the US came after other leading equity bourses in Asia and Europe also pulled back as […]
HONG KONG, China (AFP) — Hong Kong stocks opened lower on Tuesday, extending the previous day’s sell-off as investors continue to fret over the impact of Turkey’s economic crisis on the global economy. The Hang Seng Index fell 0.64 percent, or 179.23 points, to 27,757.34. The benchmark Shanghai Composite Index edged down 0.18 percent, or 5.13 points, to 2,780.74, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, slipped 0.15 percent, or […]
