TRADE WARS - AFRICA DAILY

Stocks rise as China eases more Covid measures

Dec 05, 2022 (AFP)

The moves helped offset a forecast-busting US jobs report that dented hopes that the Federal Reserve will take a softer approach to hiking interest rates in its...

EU chief says bloc must act over US climate plan 'distortions'

Dec 04, 2022 (AFP)

EU countries have poured criticism on Washington's landmark Inflation Reduction Act (IRA), seeing it as anti-competitive and a threat to European jobs, especial...

Fed rate hopes weigh on dollar, stocks fall ahead of US jobs data

Dec 02, 2022 (AFP)

Another positive inflation data release out of the United States added to expectations that the US central bank will take a lighter approach to lifting borrowin...

Asia extends stocks rally as dollar drops on Fed rate optimism

Dec 01, 2022 (AFP)

A growing sense of hope that months of sharp monetary tightening around the world is finally reining inflation back from its decades-long highs sent equities su...

China's factory activity contracts as Covid disruptions spread

Nov 30, 2022 (AFP)

The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing in the world's second-biggest economy -- came in at 48.0, down from October's 49.2 and well...

Markets rise as traders weigh China moves, await Fed's Powell

Nov 30, 2022 (AFP)

Traders were also nervously awaiting a key policy speech by Federal Reserve chief Jerome Powell later in the day that could outline the bank's strategy for tack...

EU chief heads to China amid protest crackdown

Nov 29, 2022 (AFP)

Earlier in the day, China's top security body, the ruling Communist Party's Central Political and Legal Affairs Commission, had called for a "crackdown" on the ...

HSBC bank sells Canadian ops for over US$10 bn

Nov 29, 2022 (AFP)

The large sale comes after UK-listed HSBC faced calls from biggest shareholder Ping An Insurance Group to cut costs and shift more resources to Asia. HSBC added...

Stocks, crude rise as China fears give way to Covid easing hopes

Nov 29, 2022 (AFP)

The gains were led by a rally in Hong Kong and Shanghai, with property firms enjoying a much-needed surge on the back of moves to ease funding restrictions on t...

IMF may lower China growth forecasts as factory activity contracts in Covid's wake

Nov 29, 2022 (AFP)

"There is indeed the possibility that, in this time of very high uncertainty, we might have to revise these projections down," Georgieva said, referring to the ...

Tough France-US talks on industrial subsidies: senator

Nov 29, 2022 (AFP)

Coons, a Democratic senator for Delaware and leader of the Congressional French Caucus, talked to AFP about the French president's visit and goals. Q: President...

China Covid lockdowns shut delivery workers out of their homes

Nov 28, 2022 (AFP)

Officials in the Chinese capital have doubled down on the country's hallmark zero-Covid policy in recent weeks, one of an array of cities to impose sweeping shu...

Equities and crude drop as China hit by protests

Nov 28, 2022 (AFP)

Hundreds of people took to the streets at the weekend in the country's biggest demonstrations since pro-democracy rallies in 1989 were crushed. A deadly fire in...

Asian markets, crude drop on China unrest

Nov 28, 2022 (AFP)

Hundreds of people took to the streets at the weekend in the country's biggest demonstrations since pro-democracy rallies in 1989 were crushed. A deadly fire in...

Debt-hit developer China Evergrande sells land for $1 bn

Nov 28, 2022 (AFP)

The real estate behemoth has been involved in restructuring negotiations after racking up $300 billion in liabilities following Beijing's crackdown on excessive...

Macau casino giants win licence renewals, Malaysia's Genting loses bid

Nov 26, 2022 (AFP)

The former Portuguese colony is the only territory in China where casinos are allowed, and it issues just six operating concessions for a multi-billion-dollar i...

China orders banks to hold less cash to shore up ailing economy

Nov 25, 2022 (AFP)

The People's Bank of China (PBOC) said it would lower its reserve requirement ratio by 0.25 percentage points from December 5, bringing the weighted average rat...

Stocks mixed as China Covid spike offsets rosier US rate outlook

Nov 25, 2022 (AFP)

Trading was light after the Thanksgiving day break in the United States with few catalysts to drive action on trading floors and investors looking ahead to econ...

Asian markets mixed as easing Fed fears tempered by China Covid

Nov 25, 2022 (AFP)

With Wall Street closed for the Thanksgiving break, trading was light with few catalysts to drive action on trading floors and investors now looking ahead to th...

EU chief Michel to head to China for Xi meeting

Nov 24, 2022 (AFP)

The president of the European Council, who represents EU leaders, has sought talks with Xi for months and was able to secure a date at last week's G20 summit, t...