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LONDON, Oct 24, 2023 (AFP) – World stock markets saw choppy trading Tuesday though Wall Street moved ahead in anticipation of a flood of strong corporate earnings, even as economic and geopolitical fears still dog sentiment ahead of this week’s eurozone interest rate decision. Volatile US Treasury yields had affected stock trading Monday in the US, where some indexes rebounded after a sluggish start but the S&P 500 fell to its lowest close since May. […]
HONG KONG, Oct 20, 2023 (AFP) – Asian markets fell and oil prices extended gains Friday on worries that an expected ground invasion of Gaza by Israel will spark a wider conflict in the Middle East. Risk aversion was compounded by Federal Reserve boss Jerome Powell, who indicated a pause in interest rates at the bank’s next meeting but left open the prospect of another hike later. Traders are keeping a fearful eye on developments […]
By Agnès PEDRERO GENEVA, Oct 5, 2023 (AFP) – Global trade growth will be sharply lower than forecast this year as stubborn inflation, high interest rates and the war in Ukraine pressure economies around the globe, the World Trade Organization said Thursday. Strains in China’s vast property market also prompted the WTO to cut its trade growth forecast to just 0.8 percent this year, less than half the increase it had previously projected. “The projected […]
LONDON, Sept 26, 2023 (AFP) – Most global stock markets fell Tuesday as investors grow increasingly concerned that US interest rates will rise again and stay elevated for a prolonged period to tame inflation. Asian bourses closed in the red, most of Europe was trading down in afternoon selling and Wall Street fell in opening trade. US Treasury yields jumped to fresh 16-year highs in the wake of Federal Reserve signals that it might raise […]
GENEVA, Sept 12, 2023 (AFP) – A third of the world’s population is still without access to the internet, even though the number of people connected has never been so high, according to the latest UN statistics published on Tuesday. Around 100 million more people are able to access the internet since last year’s census by the International Telecommunication Union (ITU), the UN agency for information and communication technologies. That means 67 percent of the […]
LONDON, Sept 5, 2023 (AFP) – European stocks drifted slightly higher but dipped slightly in the US Tuesday after investors set aside data showing growth faltering in China, but oil prices jumped as Russia and Saudi Arabia extended export cuts. The dollar strengthened as bond yields rose, following some recent weakness as traders expect the Federal Reserve to pause its hiking of interest rates. The price of the main international oil contract, Brent crude, hit […]
PARIS, Aug 14, 2023 (AFP) – The US wildfire in which almost 100 have died in Hawaii is among the most deadly of the 21st century. Some previous wildfires: – Australia – In “Black Saturday” in Australia’s Victoria state, 173 people were killed, in Australia’s worst bushfire on February 7, 2009. Whole towns and more than 2,000 homes were destroyed. – Greece in 2007 and 2018 – In Greece’s worst-ever fire disaster, 103 people died […]
MILAN, Italy (AFP) — Ukrainian fencer Olga Kharlan, who was controversially disqualified from the world championships for not shaking hands with a Russian opponent, defiantly insisted on Thursday: “We will never shake hands with them.” Kharlan, 32, claimed she had been given the green light to snub Russian rival Anna Smirnova by the head of the sport’s federation despite the gesture being a key feature of post-bout rituals. “My message today is that we Ukrainian […]
LONDON, July 3, 2023 (AFP) – Oil prices rose Monday after key producers Saudi Arabia and Russia further cut crude output in a bid to protect their precious revenues. Brent crude, the international benchmark, and US counterpart WTI jumped after Riyadh extended a voluntary oil production cut of one million barrels per day, while Moscow — whose invasion of Ukraine last year sparked oil market turmoil — said it was slashing exports by 500,000 bpd. […]
NEW YORK, June 26, 2023 (AFP) — The ruble reached a 14-month low against the dollar on Monday while US and European markets mostly retreated after a short-lived mutiny in Russia stoked concerns about the nuclear-armed country’s stability. While the advance by the Wagner mercenary force led by Yevgeny Prigozhin was called off before it reached Moscow, analysts said the rebellion showed President Vladimir Putin’s grip on power was more fragile than previously thought. While […]
LONDON, June 20, 2023 (AFP) – Asian and European stocks mostly fell Tuesday, as China’s smaller-than-forecast interest rate cut failed to dispel worries over its flagging powerhouse economy. Sentiment was also subdued before the return of Wall Street traders from a long holiday weekend. London stocks firmed on the eve of critical UK inflation data and ahead of Thursday’s expected interest rate increase from the Bank of England. Frankfurt and Paris slid one week after […]
PARIS, May 5, 2023 (AFP) – Chinese cut-price fast-fashion giant Shein defended its business model in an interview with AFP, saying demand-based production accounted for its low prices and not forced or cheap labour. Founded in China in 2008, Shein has swiftly claimed a top place in the global fast-fashion marketplace, offering young social-media-savvy customers low-priced collections that turn over at a steady clip. The Singapore-based firm’s strategy chief Peter Pernot-Day told AFP that Shein […]
