TRADE WARS

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China retains central bank chief in unexpected move
Mar 12, 2023 (AFP)
Yi Gang was confirmed as governor of the People's Bank of China at a meeting of China's rubber-stamp national legislature, against expectations that retirement-...
Silicon Valley Bank, the tech bank causing tremors
Mar 10, 2023 (AFP)
- What is SVB? - Silicon Valley Bank (SVB) is based in Santa Clara, California and caters to the tech industry and the venture capital funds which invest in sta...
Markets tumble as bank worries spread from Wall Street
Mar 10, 2023 (AFP)
The sell-off comes as traders nervously await the release of US jobs data later in the day, with many fearing a forecast-beating figure could press the Federal ...
Kaisa plunges as trading resumes; Prada sales slump; Market tracks Wall Street down
Mar 10, 2023 (AFP)
The country's developers are still reeling from the effects of Beijing's 2020 crackdown on excessive borrowing and rampant speculation in the property sector, w...
China consumer inflation drops to lowest level in a year
Mar 09, 2023 (AFP)
February's consumer price index (CPI) -- the main gauge of inflation -- rose one percent, down from a 2.1 percent annual rise in the first month of the year, ac...
US worries China will use supply chains as weapon
Mar 09, 2023 (AFP)
The "Annual Threat Assessment" issued by the Director of National Intelligence said China is already using its supply chain dominance to force foreign companies...
Asian markets fluctuate with nervous eye on US jobs data
Mar 09, 2023 (AFP)
Markets have been falling since the start of February as a string of forecast-beating indicators have shattered hopes the US central bank could pause its tighte...
EU loosens subsidy rules for green tech
Mar 09, 2023 (AFP)
The commission, the EU's executive arm, said the new rules will apply until the end of 2025 and, in "exceptional cases", allow members to match subsidies provid...
Prada touts strong profits despite China sales slump
Mar 09, 2023 (AFP)
It follows a trend across the luxury goods sector that saw record sales and profits last year despite stifled global growth and disruptions in China due to drac...
Sri Lanka banks on IMF deal to tap frozen billions
Mar 08, 2023 (AFP)
Government spokesman Bandula Gunawardana told reporters that the International Monetary Fund was expected to give its board approval for a $2.9 billion bailout ...
Australian PM in India to discuss China, trade and cricket
Mar 08, 2023 (AFP)
Australia and India, with Japan and the United States, make up the Quad alliance that is seen as a bulwark against Chinese assertiveness in the Asia-Pacific reg...
Asia tracks Wall St losses after Powell's rate hike warning
Mar 08, 2023 (AFP)
In much-anticipated testimony to US lawmakers, Powell dealt a hammer blow to traders who had held faint hopes that the central bank could pause its tightening c...
Chinese foreign trade starts new year in a slump
Mar 07, 2023 (AFP)
The country's exports in January and February tumbled 6.8 percent on-year, though that was an improvement on the 9.9 percent drop in December, customs records s...
Asian markets rise ahead of Powell testimony, US jobs data
Mar 07, 2023 (AFP)
His remarks will be closely followed for an idea about the central bank's plans as it ramps up interest rates to quell inflation. A recent run of figures has su...
Most Asian markets rise ahead of Powell testimony, US jobs data
Mar 07, 2023 (AFP)
His remarks will be closely followed for an idea about the central bank's plans as it ramps up interest rates to quell inflation. A recent run of figures has su...
China backing paves way for Sri Lanka financing: IMF
Mar 07, 2023 (AFP)
"Sri Lanka has now received financing assurances from all major bilateral creditors," said Krishna Srinivasan, director of IMF's Asia and Pacific Department, in...
Most markets rise ahead of Powell testimony, US jobs data
Mar 07, 2023 (AFP)
His remarks will be closely followed for an idea about the central bank's plans as it ramps up interest rates to quell inflation. A recent run of figures has su...
Asian markets start positively, China shares slump
Mar 06, 2023 (AFP)
Traders in Tokyo appeared bullish about positive news flowing in from the United States where Wall Street had rallied on Friday. An end-of-week slide in Treasur...
Global stocks mixed as China eyes 'around 5%' growth in 2023
Mar 06, 2023 (AFP)
Wall Street looked poised early Monday to extend the rally from late last week, but momentum faded later in the day. Major US indices finished near flat. The mo...
President Xi vows to boost manufacturing as China targets 5% growth
Mar 06, 2023 (AFP)
Speaking at the annual gathering of the rubber-stamp parliament in Beijing on Sunday, Xi said China should be able to fend for itself. "I've always said there a...
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