TRADE WARS - AFRICA DAILY

US sanctions on China over Ukraine not 'necessary or appropriate': Yellen

Mar 25, 2022 (AFP)

"I don't think that that's necessary or appropriate at this point," Yellen said in an interview with CNBC, adding that "senior administration officials are talk...

Zimbabwe's soaring prices see online shoppers get groceries from abroad

Mar 25, 2022 (AFP)

His rice, oil and washing powder make a 600-kilometre (373-mile) trip from neighbouring South Africa to his small brick home in a dusty township of Zimbabwe's c...

US reinstates tariff exemptions on some Chinese products

Mar 23, 2022 (AFP)

The exemptions lapsed in late 2020, but President Joe Biden's administration last October began seeking opinions on which of 549 eligible Chinese products shoul...

Asian markets extend gains after Wall St rally

Mar 23, 2022 (AFP)

While there remains plenty of concern about the war in Ukraine, analysts said some confidence had seeped back into trading floors as investors bet on consumer r...

China says Russia is 'important' G20 member, cannot be expelled by others

Mar 23, 2022 (AFP)

China has provided a level of diplomatic protection to Russia, which is increasingly isolated over its invasion of Ukraine, with its economy tied up by sanction...

Putin plans to attend G20 summit: Russian ambassador

Mar 23, 2022 (AFP)

A day earlier, the United States indicated it would consult allies over Russia's membership in international forums to increase pressure over the invasion of Uk...

China's Russian traders smell profit as Ukraine sanctions bite

Mar 22, 2022 (AFP)

The 42-year-old has already been contacted by a components company hunting for partners in China after being cut off from its suppliers in Europe and North Amer...

Debt-ridden Evergrande urges investor 'caution' as audit result delayed

Mar 22, 2022 (AFP)

Beijing's drive to curb excessive debt in the real estate sector has embroiled Evergrande, one of the country's largest developers, which has struggled after ra...

Oil extends rally on Russia embargo talk, stocks rise

Mar 22, 2022 (AFP)

Both main crude contracts started the week by soaring more than seven percent Monday as EU nations discussed following Washington and putting an embargo on Russ...

Debt-ridden Evergrande says lenders lay claim over $2.1 bn

Mar 22, 2022 (AFP)

Beijing's drive to curb excessive debt in the real estate sector has embroiled Evergrande, one of the country's largest developers, which has been struggling af...

Strong pricing boosts Nike results despite China hit

Mar 21, 2022 (AFP)

The apparel and sneaker company scored increased sales in three of its four operating regions, led by Asia Pacific/Latin America and North America, the company'...

Asian, European markets mixed as traders track Ukraine crisis

Mar 21, 2022 (AFP)

Confidence remains at a premium owing to the crisis in eastern Europe -- which threatens to deal a hefty blow to the global economy -- as well as central bank m...

Beijing's vow to stabilise the market has worked... for now

Mar 18, 2022 (AFP)

It was seen as a sign of China's economic planners acknowledging anxiety over hot-button issues from tech and real estate to listings abroad. But the soothing w...

Asian traders take breather, Hong Kong slips after huge surge

Mar 18, 2022 (AFP)

After a painful start to the week, global stocks have enjoyed a massive bounce in the past few days thanks to optimism over peace talks between Moscow and Kyiv ...

Asian markets rally again as Hong Kong extends surge

Mar 17, 2022 (AFP)

Regional sentiment remains buoyant after China's top economic official vowed measures to support beaten-down markets and indicated that a debilitating crackdown...

Markets rally again as Hong Kong extends surge

Mar 17, 2022 (AFP)

Regional sentiment remains buoyant after China's top economic official vowed measures to support beaten-down markets and indicated that a debilitating crackdown...

Stocks rally on China action, Ukraine hopes

Mar 16, 2022 (AFP)

Optimism over talks between Russia and Ukraine also drove the benchmark international oil contract, Brent, back under $100, analysts said. Investors will later ...

Asian, European markets bounce as Hong Kong soars on China support

Mar 16, 2022 (AFP)

Traders were piling back into regional stocks to snap up bargains in the wake of a sell-off fuelled by concerns about the war in Ukraine, the US Federal Reserve...

China wary of being impacted by Russia sanctions: FM

Mar 15, 2022 (AFP)

Beijing has refused to condemn its close ally Russia over its invasion of Ukraine, while blaming the United States and NATO's "eastward expansion" for worsening...

Stocks fall as Hong Kong hammered again, oil retreats

Mar 15, 2022 (AFP)

Concerns about China's economic outlook saw oil prices suffer fresh selling pressure, with WTI falling back below $100 a week after it hit a 14-year high on the...