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HONG KONG, China, Oct 9, 2023 (AFP) – Asian finance hub Hong Kong halted trading at its stock exchange on Monday and closed schools, after Typhoon Koinu generated torrential rainfall overnight. Koinu — which caused one death in Taiwan last week — had weakened into a severe tropical storm by Monday, said the Hong Kong Observatory, as it moved toward the coastal areas of China’s Guangdong province. The storm caused non-stop rain overnight, leading the […]
HONG KONG, China (AFP) – Stock markets resumed their downward trend Wednesday, with traders fearing the Federal Reserve’s determination to beat inflation with higher interest rates will tip the world’s top economy into recession. After bouncing from their June lows, global equities are once again taking a hiding from worried investors after Fed chief Jerome Powell warned last week the bank would need to tighten policy much more to succeed in its battle against prices. […]
by Amaury HAUCHARD PICTURES BY JOHN WESSELS Agence France-Presse TICHITT, Mauritania (AFP) — A few centuries ago, Tichitt was a citadel of trade where Saharan merchants bearing gold, salt and cloth would stop to water their camels and haggle. Today, red-and-white signs in the sand dunes point to where this once great hub of commerce and centre of Islamic culture lies. But visitors to Tichitt, a UNESCO world heritage site, are few now, and the great […]
HONG KONG, China (AFP) — Asian markets mostly rose Friday after another positive week across trading floors but investors’ desire for more buying was being tested by profit-taking and worries about a possible US government shutdown. Wall Street came off record highs to end lower as Washington lawmakers bicker over a federal funding deal, which must be passed by midnight on Friday US time. The House of Representatives passed a bill on Thursday but there […]
