TRADE WARS - AFRICA DAILY

Asian markets mixed as traders steel for more rate hikes

Aug 30, 2022 (AFP)

Wall Street suffered another day in the red after Friday's capitulation in response to a warning from US central bank boss Jerome Powell that more tightening wa...

China arrests 100s over banking scandal; As direct state economic support accelerates

Aug 30, 2022 (AFP)

Four banks in China's central Henan province suspended cash withdrawals in April as regulators cracked down on mismanagement, freezing the funds of hundreds of ...

Asian markets tumble after Powell's rate hike warning

Aug 29, 2022 (AFP)

The hefty selling tracked a painful day on Wall Street, where all three main indexes tanked between three and four percent as investors contemplated an extended...

Asian, European markets tumble after Powell's rates warning

Aug 29, 2022 (AFP)

The hefty selling tracked a painful day on Wall Street, where all three main indexes tanked between three and four percent as investors contemplated an extended...

Asia stocks up before Powell speech, China tech adds support

Aug 26, 2022 (AFP)

Adding to the strong buying sentiment were signs of progress in talks between US and Chinese regulators that could see tech titans including Alibaba and JD.com ...

Asian, European markets rise with eyes on China, Fed speech

Aug 25, 2022 (AFP)

Central bankers are meeting in Jackson Hole in the US state of Wyoming, and all eyes are on Federal Reserve boss Jerome Powell's Friday speech for clues about p...

Asian markets rise with eyes on China, Fed speech

Aug 25, 2022 (AFP)

Central bankers are meeting in Jackson Hole in the US state of Wyoming, and all eyes are on Federal Reserve boss Jerome Powell's Friday speech for clues about p...

Asian markets drop as investors eye US Fed outlook

Aug 24, 2022 (AFP)

The single currency tumbled to $0.9901 -- a new 20-year low -- but later clawed back losses as the greenback was hit by poor US economic data. The dollar had st...

Asian markets track Wall St plunge on growing rate fears

Aug 23, 2022 (AFP)

With the Jackson Hole symposium of central bankers and finance chiefs taking place this week, the focus is on what Fed chief Jerome Powell says about its plans ...

Most markets down as traders eye key Powell speech

Aug 22, 2022 (AFP)

All eyes are on a symposium in Jackson Hole, Wyoming where Fed boss Jerome Powell will deliver a speech that will be followed for an idea about the bank's next ...

Asian, European markets mixed as investors assess Fed outlook

Aug 19, 2022 (AFP)

A two-month rally from June lows appears to have run out of steam this week, with downward pressure coming after minutes from the Fed's most recent meeting show...

Indonesia leader says Putin and Xi to attend G20 summit: report

Aug 19, 2022 (AFP)

The pair's attendance would set the stage for possible talks with US President Joe Biden at a time when Washington is at odds with both of the rival powers, par...

China banks to repay more customers after protests

Aug 19, 2022 (AFP)

China's rural banking sector has been hit hard by Beijing's efforts to rein in a property bubble and spiralling debt, in a financial crackdown that has had ripp...

Indian foreign minister defends ties with Myanmar junta

Aug 18, 2022 (AFP)

Myanmar's decade-long experiment with democracy was halted last year and the country has since spiralled into bloody conflict after the military ousted Aung San...

UK blocks Chinese takeover of UK electronics group

Aug 18, 2022 (AFP)

A statement Wednesday said Britain's Business Secretary Kwasi Kwarteng "considers that the final order is necessary and proportionate to mitigate the risk to na...

Asian markets drop as Fed minutes cause fresh rate hike woe

Aug 18, 2022 (AFP)

While policymakers said they would eventually have to start tempering their tightening pace, they said they would keep borrowing costs elevated "for some time",...

Asian markets fluctuate as traders weigh economic outlook

Aug 17, 2022 (AFP)

But while officials at the Federal Reserve and its peers are expected to keep tightening monetary policy for the rest of the year, talk is building that they wi...

Oil prices suffer more losses, stocks mixed

Aug 16, 2022 (AFP)

Wall Street provided a strong lead as tech firms were supported by bets that the Federal Reserve will not lift borrowing costs by 75 basis points for a third st...

China's factory output, retail sales up in July but weaker than expected

Aug 15, 2022 (AFP)

The world's second-biggest economy saw a bounce in business activity as some coronavirus restrictions eased in June, but the boost is fading and Beijing remains...

Stuttering China recovery weighs on Asian markets

Aug 15, 2022 (AFP)

China's central bank slashed key interest rates in a surprise move Monday as a raft of data showed weakness in the world's second-largest economy. The figures s...