Tag: World

Asian markets extend gains on cautious trade optimism

HONG KONG, China (AFP) — Asian markets mostly rose Tuesday with investors cautiously optimistic that China and the US can reach a deal ending their trade war as the two sides prepare to resume talks this week. With New York closed for a public holiday there were few catalysts to drive buying, though the release of Federal Reserve minutes on Wednesday will be pored over for an idea of the bank’s interest rate plans. Top-level […]

Tokyo stocks open higher on optimism over trade talks

TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday on hopes for progress in US-China trade talks. The benchmark Nikkei 225 index was up 1.55 percent or 324.31 points at 21,224.94 in early trade, while the broader Topix index was up 1.41 percent or 22.31 points at 1,599.60. “Risk sentiment was kicked off Friday by the (US) President averting another government shutdown… He was then briefed on Saturday by his key economic and trade […]

War kills over 100,000 babies a year: Save the Children

MUNICH, Germany (AFP) — At least 100,000 babies die every year because of armed conflict and its impact, from hunger to denial of aid, Save the Children International said on Friday. In the 10 worst-hit countries, a conservative estimate of 550,000 infants died as a result of fighting between 2013 and 2017. They succumbed to war and its effects, among them hunger, damage to hospitals and infrastructure, a lack of access to health care and […]

Asian markets sluggish before crunch trade talks

HONG KONG, China (AFP) — Trade uncertainty weighed on Asian stocks Monday, at the start of a week that sees crunch China-US talks take place in Beijing aimed at averting fresh tariff escalations. Mainland Chinese markets reopened from their week-long Lunar New Year break to renewed concerns over the trade row and a series of bearish global growth forecasts. Top US economic officials travel to the Chinese capital this week for the third round of […]

Pound stable after Brexit drop, Asia stocks mixed before trade talks

HONG KONG, China (AFP) — The pound ticked up slightly in Asia on Wednesday after suffering heavy losses on worries about a possible no-deal Brexit, while regional equities were mixed ahead of crunch trade talks between China and the United States. MPs on Tuesday returned to Westminster to vote on a series of proposals dealing with Britain’s exit from the European Union after roundly rejecting Prime Minister Theresa May’s controversial deal two weeks ago. In […]

Asian markets swing as dealers battle uncertainty

HONG KONG, China (AFP) –Asian markets fluctuated Wednesday following a negative lead from Wall Street as investors grow nervous about the chances of success in China-US trade talks ahead of a crunch meeting next week. The mood remains cautious, with the rally that has characterized the start of the year stuttering owing to a slowing Chinese economy, a softer global outlook and other issues including Brexit and the US government shutdown, which shows no sign […]

Pound stands firm after May loss, London stocks edge up

HONG KONG, China (AFP) — The pound held its ground Wednesday and London’s FTSE opened higher after the record defeat of British Prime Minister Theresa May’s Brexit plan, as investors consider the next developments in the long-running saga. Sterling tanked to a near two-year low soon after the government’s proposal on leaving the European Union was soundly beaten Tuesday evening, but it soon bounced back as traders bet there would not be a “no-deal” exit. […]

Asian markets hit by profit-taking, more weak China data

HONG KONG, China (AFP) — Hong Kong led a sell-off across Asian markets Monday as profit-takers moved in following a six-day rally, while dealers were also spooked by another disappointing batch of weak economic data out of China. With few catalysts to drive buying, equities were ripe for selling after last week’s healthy gains, with the US government shutdown — now in its fourth week and showing no sign of ending soon — instilling a […]

Asian markets in retreat after week-long rally

HONG KONG, China (AFP) — Hong Kong led a sell-off across Asian markets Monday as profit-takers moved in following a six-day rally, while traders look ahead to the release of corporate earnings. With few catalysts to drive buying, equities were ripe for selling after last week’s healthy gains, with the US government shutdown — now in its fourth week and showing no sign of ending soon — instilling a sense of unease. Also on the […]

World’s oceans are heating up at a quickening pace: study

TAMPA, United States (AFP) — The world’s oceans are heating up at an accelerating pace as global warming threatens a diverse range of marine life and a major food supply for the planet, researchers said Thursday. The findings in the US journal Science, led by the Chinese Academy of Sciences, debunk previous reports that suggested a so-called pause in global warming in recent years. The latest technology shows no such hiatus ever existed, raising new […]

Most Asian markets rise as optimism returns, eyes on trade talks

HONG KONG, China (AFP) — Asian markets mostly rose Tuesday with a little more optimism in the air than in recent weeks as China and the US hold trade talks and the Federal Reserve flags a more dovish stance. Wall Street provided another positive lead, extending Friday’s surge, with Chinese monetary easing at the weekend adding to the buying sentiment. Focus is now on Beijing, where Chinese and American officials were holding a second day […]

Asia markets rally after Wall St surge as US-China trade talks begin

HONG KONG, China (AFP) — Asian markets rallied Monday after a blockbuster performance on Wall Street as US jobs data beat forecasts and the head of the Federal Reserve hinted at a slower pace of interest rate hikes. China’s move to make it easier for banks to lend also provided support to equities, while investors keep an eye on Beijing as negotiators begin talks to end a trade war between the world’s top two economies. […]