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HONG KONG, China (AFP) — Asian markets extended last week’s worldwide plunge as investors fret that Donald Trump’s controversial tariffs on $60 billion of Chinese goods will spark a trade war that would hammer the global economy. The US move to impose levies, claiming China is breaching intellectual property rights, sparked a rout of equities across the world, while China warned it was “not afraid of a trade war”. US Treasury Secretary Steve Mnuchin said […]
TOKYO, Japan (AFP) — North Korea poses a “real threat” whose solution will require international co-operation, former US President Barack Obama said Sunday on a visit to Japan. Obama also said the US needed to ensure there was a defense system in place to protect countries in the region from a potential attack from North Korean missiles. “North Korea is a real threat” and has developed a weapons program and delivery system that “poses a […]
TOKYO, Japan (AFP) — Across Japan’s capital, delicate pink and white cherry blossoms are emerging, but the famed blooms are facing a potentially mortal enemy, experts say: an invasive foreign beetle. The alien invader is aromia bungii, otherwise known as the red-necked longhorn beetle, which is native to China, Taiwan, the Korean peninsula and northern Vietnam. The beetles live inside cherry and plum trees, stripping them of their bark. In serious cases, an infestation can […]
TOKYO, Japan (AFP) — Tokyo stocks fell for the third straight session on Tuesday as high-tech shares faced selling pressure after a Facebook data breach scandal sent US stocks sharply down. The benchmark Nikkei 225 index lost 0.47 percent or 99.93 points to close at 21,380.97, while the broader Topix index was down 0.21 percent or 3.68 points at 1,716.29. “High-tech shares were hit by the data breach at Facebook,” said Hikaru Sato, senior technical […]
QUEZON CITY, Philippines (Eagle News) — The Japanese government donated 27 new heavy equipment for the rehabilitation of Marawi City. The turn-over ceremony was attended by Japanese Ambassador Koji Haneda and Executive Secretary Salvador Medialdea, representing President Rodrigo Duterte, as well as Department of Public Works and Highways Secretary Mark Villar, who is the vice-chair of “Task Force Marawi”. The donated equipment consisted of seven hydraulic excavators, three bulldozers, three wheel loaders, two motor graders, […]
HONG KONG, China (AFP) — Asian investors remained on edge Friday as the curtain came down on another volatile week for markets with fears of a global trade war playing off against a positive economic outlook. Investors have swung from optimism to pessimism since last week’s controversial move by Donald Trump to throw up tariffs on imports of some metals, with the removal of his moderate secretary of the state adding to the unease. However, […]
HONG KONG, China (AFP) — Asian markets continued a global sell-off Thursday and the dollar weakened as trade war fears return to the fore, with worries Donald Trump will go full-steam ahead with his “America First” protectionist agenda. Investors are back on the ropes after the US said Wednesday it would take action at the World Trade Organization against Indian export subsidies. That came soon after it emerged Trump is considering tariffs on billions of […]
TOKYO, Japan (AFP) — Japan is considering a summit between Prime Minister Shinzo Abe and North Korean leader Kim Jong Un, local media reported, as diplomatic efforts to engage Pyongyang ramp up. The reports come after the surprise announcement that US President Donald Trump plans his own talks with the North Korean leader, part of fast-paced diplomatic developments following an Olympic detente. However, there have been no public proposals of talks by either Pyongyang or […]
TOKYO, Japan (AFP) — Japan’s finance ministry admitted to doctoring key documents related to a favoritism scandal dogging Shinzo Abe, a ruling lawmaker said Monday, as a new poll suggested the affair is hitting the prime minister’s popularity. Abe and his finance minister Taro Aso face mounting pressure over the scandal, which has resurfaced in recent days with allegations that officials altered key evidence to parliament. Among the names removed from the documents was that […]
HONG KONG, China (AFP) — Asian markets on Monday extended last week’s rally as a solid US jobs report boosted optimism in the world’s top economy, fuelling a record close on Wall Street. With sentiment still strong following Donald Trump’s decision to meet North Korean leader Kim Jong Un in an unprecedented summit to discuss its nuclear programme, equities were on the up. The upbeat developments helped temper worries about Trump’s announcement of steel and […]
by Alex Pigman Agence France-Presse WASHINGTON, United States (AFP) — President Donald Trump renewed his demand Saturday that the European Union halts its trade barriers to US products in order to spare his allies new steel and aluminum tariffs. The American president made his comments after crunch talks in Brussels between EU negotiators and US Trade Representative Robert Lighthizer in an effort to defuse a bitter row that many fear could turn into an all-out trade […]
by Alex Pigman © Agence France-Presse BRUSSELS, Belgium (AFP) — The EU and Japan held crunch talks with their US counterparts in Brussels on Saturday hoping to get “clarity” on President Donald Trump’s controversial new steel and aluminium tariffs. Trump’s announcement of duties of 25 percent on imported steel and 10 percent on aluminium has stung the European Union and triggered warnings of an all-out international trade war. Brussels has prepared a list of US products […]
