Tag: World

Oil market surges on shock output cuts

NEW YORK, United States (AFP) — World oil prices soared Monday while equity markets mostly won modest increases after several top producers led by Saudi Arabia sprang surprise output cuts. Crude futures surged almost eight percent at one stage, a day after multiple members of the OPEC+ exporters’ alliance unexpectedly slashed production by a total of more than one million barrels per day. The shock reduction will start in May and last until the end […]

Japan down USA to win World Baseball Classic for third time

MIAMI, United States (AFP) — Japan defeated the United States 3-2 on Tuesday to win the World Baseball Classic for a record third time. Home runs from Munetaka Murakami and Kazuma Okamoto helped put Japan ahead before superstar Shohei Ohtani closed out the win from the mound in the ninth inning. It is Japan’s third victory in the baseball showpiece following wins in 2006 and 2009. The star-studded United States, defending champions after winning the […]

Japan beat Mexico 6-5 to reach World Baseball Classic final

MIAMI, United States (AFP) — Japan came from behind twice to defeat Mexico 6-5 on Monday and set up a World Baseball Classic final showdown with the United States. Munetaka Murakami drove in a two-run double in the bottom of the ninth inning as Japan came back from a 5-4 deficit to reach Tuesday’s final in Miami against the USA. Japan are chasing a record third World Baseball Classic crown after winning the tournament in […]

‘Once-in-a-lifetime’ Ohtani has World Baseball semis in his sights

by Andrew MCKIRDY Agence France-Presse TOKYO, Japan (AFP) — Japanese superstar Shohei Ohtani has been having a ball at the World Baseball Classic and is determined not to let Italy wipe the smile off his face in Thursday’s quarter-final. Japan won all four of their first-round games in Tokyo and Ohtani appears to be relishing playing in his home country for the first time in five years. The Los Angeles Angels ace can be seen […]

Asian markets sink as SVB contagion fears hit banking sector

Hong Kong, China | AFP | Tuesday 3/14/2023 Asian markets sank Tuesday, with banks bearing the brunt of the selling on fears of contagion in the sector after the collapse of two regional US lenders. The swift closure of Silicon Valley Bank on Friday, followed by Signature Bank days later, forced US authorities to immediately pledge support for other lenders and depositors. The move by the Federal Reserve, Treasury Department and Federal Deposit Insurance Corp. […]

Trout blast puts US back on track at World Baseball Classic

LOS ANGELES, United States (AFP) — Mike Trout smashed a three-run home run as the USA bounced back from their shock defeat to Mexico to rout Canada 12-1 in their World Baseball Classic pool game on Monday. The star-studded US team were left reeling on Sunday after an 11-5 drubbing by Mexico that left the defending champions flirting with the possibility of first-round elimination. But a resounding win over Canada at Chase Field in Phoenix […]

Ohtani sounds warning after Japan reach baseball quarter-finals

by Andrew MCKIRDY Agence France-Presse TOKYO, Japan (AFP) — Japanese superstar Shohei Ohtani hit his first home run of the World Baseball Classic in Sunday’s win over Australia, then warned quarter-final opponents Italy that his unbeaten team “can score runs from anywhere”. Facing only his second pitch of the game, Ohtani blasted a huge three-run shot that almost hit an advertising board with his own face on it, setting Japan on their way to a […]

Women march as rights under threat across the globe

by Hazel Ward with AFP bureaux around the world Agence France-Presse MADRID, Spain (AFP) — Women hit the streets from Kabul to Mexico City on Wednesday to mark International Women’s Day and stand up for rights that are coming under increasing attack. With Afghanistan’s Taliban rulers imposing what the United Nations has called a “gender apartheid” on women, Iran’s repression of the Mahsa Amini protests, new US restrictions on abortion rights and the Ukraine war, […]

Oil spikes as Russia cuts output after Western price cap

  London, United Kingdom | AFP | by Roland JACKSON Oil soared Friday after Russia slashed its crude output in response to a Western price cap that was imposed on exports after Moscow’s invasion of Ukraine. Europe’s benchmark Brent oil and US counterpart WTI crude jumped more than two percent after Russian deputy prime minister Alexander Novak cut production by 500,000 barrels per day, or five percent of output. “Crude prices reacted positively to the […]

World steps into 2023 after turbulent year

New York, United States  (AFP) by Yuki IWAMURA with AFP bureaus The world’s eight billion people have been ushering in 2023, bidding farewell to a turbulent year marked by war in Europe, stinging price rises, Lionel Messi’s World Cup glory and the deaths of Queen Elizabeth, Pele and former pope Benedict. Many set aside pinched budgets and a virus that is increasingly forgotten, but not gone, to embrace a party atmosphere on New Year’s Eve […]

Equities suffer worst performance in years in ‘miserable’ 2022

London, United Kingdom (AFP) by Roland JACKSON Many global stock markets in 2022 suffered the worst showing in years, rocked by Russia’s invasion of Ukraine, decades-high inflation, the end of easy money and China’s latest Covid woes, and as the outlook darkens for 2023. Equities were slammed as the US Federal Reserve, the European Central Bank and the Bank of England aggressively lifted interest rates in a bid to tackle rampant consumer price rises. In […]

Asian markets extend US rally after inflation boost, eyes on Fed

  Hong Kong, China (AFP) Asian markets rose Wednesday and the dollar struggled to recover as investors welcomed softer-than-expected US inflation data that could allow the Federal Reserve to slow down its pace of interest rate hikes. The reading provided some much-needed holiday cheer on trading floors and came the day before the US central bank’s last policy decision of the year, which will be pored over for clues about its plans for 2023. There […]