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HONG KONG, China (AFP) — Asian markets rose early Thursday as details were released of the China-US trade deal signed in Washington, with analysts saying it would allow investors to turn their focus to the global outlook and earnings season. After years of painstaking on-off talks between the economic superpowers, Donald Trump finally put pen to paper on an agreement that lowers tensions between the two and provides a major boost to the global outlook. […]
NEW YORK, United States (AFP) — Global stocks were range-bound on Tuesday while the yuan advanced against the dollar after Washington said it no longer considered China a currency manipulator and tensions eased between the economic titans. New York was also rattled by news reports on Tuesday that US President Donald Trump intended to keep most punitive US tariffs on Chinese imports until after the 2020 presidential election. US stocks finished lower, pulling back from […]
HONG KONG, China (AFP) — Asian markets started the new decade on the front foot, with most rallying out of the blocks Thursday on lingering trade optimism, while China’s central bank announced fresh stimulus for the country’s stuttering economy. The broad advances come as investors remain upbeat about the global outlook after Washington and Beijing eventually reached a trade agreement to ease tensions between the two, while Brexit uncertainty has essentially been removed. However, geopolitical […]
HONG KONG, China (AFP) — Asian markets rose Monday as investors cheered data showing a surprise jump in Chinese factory activity, while oil prices bounced from last week’s sharp losses after Iraq said top producers could announce a cut in output this week. But while the week started on a positive note, worries about the trade talks were revived by China’s Global Times newspaper saying Beijing wanted all US tariffs rolled back as part of […]
HONG KONG, China (AFP) — Rising expectations that China and the United States will soon reach an interim trade deal provided fresh impetus to Asian markets on Wednesday, with Donald Trump saying the talks were “in the final throes”. However, observers said that while the broad consensus is that the two will tie up something soon, there is an underlying unease at the lack of detail that is brewing uncertainty. “We’re getting to the point […]
HONG KONG, China (AFP) — Hong Kong led losses as Asian markets tanked on Thursday after US lawmakers passed a bill supporting the city’s civil rights, sparking fears it could derail delicate China-US trade talks. Investors already nervous about the progress of negotiations were sent running for the hills after both houses of Congress overwhelmingly agreed to the bill and sent it to be signed off by Donald Trump. The Hong Kong Human Rights and […]
HONG KONG, China (AFP) — Asian markets were mixed Monday on broad optimism that China and the United States are close to a mini trade deal, while Hong Kong rallied after last week’s hefty losses but investors remain on edge over violent protests that have wracked the city. US traders sent the Dow above 28,000 for the first time on Friday after top White House officials played up the progress of negotiations with Beijing. Donald […]
HONG KONG, China (AFP) — Asian markets rose Friday as trade hopes were given a boost by Donald Trump’s economic aide saying “enormous progress” had been made in talks with China, easing recent concerns that they were stumbling. Hong Kong enjoyed a much-needed leg-up after a bruising week but sentiment remained fragile after the city endured another night of violent protest, with the transport network partially shut down and many businesses closed for the fifth […]
HONG KONG, China (AFP) — Asian markets were mixed in early trade Tuesday with investors keeping tabs on the latest developments in the China-US trade talks, while Hong Kong staged a minor recovery after the previous day’s steep losses. The pound built on gains after British Prime Minister Boris Johnson was given a boost by news the Brexit party would not run against his Conservatives in hundreds of seats in next month’s general election. While […]
SHANGHAI, United States (AFP) –President Xi Jinping on Tuesday pledged to further open China’s economy, declaring the world must “tear down walls” as he opened an annual trade fair in Shanghai. Xi addressed an audience including French President Emmanuel Macron at the import exhibition, staged annually by China to show its willingness to free up its vast domestic markets in the face of criticism that they are too cosseted by Beijing. The world community must […]
HONG KONG, China (AFP) — Asian markets were mixed Tuesday as investors took a step back after recent rallies, awaiting the next developments in the China-US trade talks. Wall Street provided a perfect lead — with all three main indexes closing at record highs — on optimism the economic superpowers are close to agreeing on the first part of a wider tariffs pact. Global markets have been enjoying a healthy run in recent weeks, boosted […]
NEW YORK, United States (AFP) — Wall Street stocks gained early Friday after the October US jobs report topped expectations despite a hit from the General Motors strike. Employers added 128,000 net new jobs last month, the Labor Department reported, much better than the 80,000 projected by analysts and in spite of lower auto industry staffing that was apparent in data on that sector. “The key takeaway from the report is that it is not […]
