TRADE WARS

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Silicon Valley billionaire Milner renounces Russian citizenship
Oct 11, 2022 (AFP)
"My family and I left Russia for good in 2014, after the Russian annexation of Crimea. And this summer, we officially completed the process of renouncing our Ru...
Hong Kong leader says he 'laughs off' US sanctions
Oct 11, 2022 (AFP)
The Nord -- a $500 million luxury vessel linked to Russian billionaire Alexei Mordashov -- arrived in the Chinese territory's waters last week. Mordashov is amo...
54 poor nations urgently need debt relief: UN
Oct 11, 2022 (AFP)
In a new report, the United Nations Development Programme warned that dozens of developing nations were facing a rapidly deepening debt crisis and that "the ris...
Asian markets swing on recession fears as inflation data looms
Oct 11, 2022 (AFP)
With the focus on inflation, analysts said consumer price index data released later this week will be crucial to the direction of risk assets -- another big rea...
IMF cuts China growth forecasts for 2022, 2023
Oct 11, 2022 (AFP)
China's gross domestic product is expected to expand 3.2 percent this year, the IMF said in its quarterly global forecast, down 0.1 percentage point from its pr...
US rate hikes feeding risk of global recession: Borrell
Oct 10, 2022 (AFP)
"Everybody's running to increase interest rates -- these will bring us to a world recession," Josep Borrell predicted to EU ambassadors in an annual gathering. ...
Asian markets sink as US jobs data fan rate hike bets
Oct 10, 2022 (AFP)
A brief rally across trading floors last week gave way to gloom as investors grow increasingly worried that central bank efforts to tame runaway prices will plu...
US says Hong Kong risks reputation over yacht linked to Putin ally
Oct 08, 2022 (AFP)
The Nord -- a US$500 million, 142-metre (466-foot) luxury vessel linked to Russian billionaire Alexei Mordashov -- arrived in the Chinese territory's waters thi...
Stocks drop, dollar holds gains as US jobs report looms
Oct 07, 2022 (AFP)
Soft economic data out of Washington sent equities surging at the start of the week and dragged the greenback on hopes that the readings could allow the US cent...
Asian stocks drop, dollar holds rally as US jobs report looms
Oct 07, 2022 (AFP)
Soft economic data out of Washington sent equities surging at the start of the week and dragged the greenback on hopes that the readings could allow the US cent...
Asian markets drift as global rally peters, focus now on US jobs
Oct 06, 2022 (AFP)
The mood on trading floors has been a little lighter this week, sending equities surging and weighing on the dollar, after weak readings on US factory activity ...
Under-fire UK PM Truss fails to calm markets with growth pledge
Oct 05, 2022 (AFP)
Since succeeding Boris Johnson, Truss has alienated voters, financial markets and many in the ruling Conservative party with a crash programme of debt-fuelled t...
Markets rally, dollar dips as US data tempers rate fears
Oct 04, 2022 (AFP)
Oil also continued to rise on expectations OPEC and other major producers will slash output this week, having become spooked by a plunge in the commodity on rec...
Markets drop as traders eye jobs and earnings, oil jumps
Oct 03, 2022 (AFP)
A report showing prices rose in the eurozone at a record pace last month added to concerns that central bank tightening has a long way to go, while Federal Rese...
Markets mixed after sell-off, sterling edges up after recovery
Sep 30, 2022 (AFP)
Sterling, however, managed to extend gains after clawing back more of the huge losses suffered at the start of the week owing to a tax-cutting mini-budget that ...
Stocks and oil drop as dollar gains on recession, Ukraine fears
Sep 28, 2022 (AFP)
Investors are keeping a close eye on London, after new finance minister Kwasi Kwarteng's tax-cutting last week sent shock waves through markets, pushing the pou...
Dollar softens after rally, stocks stable but uncertainty reigns
Sep 27, 2022 (AFP)
While central banks around the world are ramping up interest rates to fight inflation, the main focus is on the US Federal Reserve's increasingly hawkish tone t...
Pound hits record low versus dollar, markets drop on recession fears
Sep 26, 2022 (AFP)
The selloff came as most equity markets across Asia fell again owing to a growing expectation that central bank interest rate hikes to fight runaway inflation w...
Hong Kong replaced by Singapore as Asia's top finance centre
Sep 23, 2022 (AFP)
Singapore jumped three places to third in the twice-a-year Global Financial Centres Index (GFCI) which assesses 119 cities around the world and was published la...
Australia sees 'long road' to repairing China ties
Sep 23, 2022 (AFP)
Australian Foreign Minister Penny Wong described her New York sitdown with State Councillor Wang Yi as "constructive" but cautioned against talk of a quick norm...
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