TRADE WARS - AFRICA DAILY

Asian markets mostly up, oil rallies as virus and Fed hold attention

Dec 01, 2021 (AFP)

A mild recovery from the previous two days' steep losses was turned on its head in the region on Tuesday after Moderna head Stephane Bancel told the Financial T...

Asian markets hit by Moderna vaccine warning over Omicron

Nov 30, 2021 (AFP)

Stocks had mostly been edging up after a two-day sell-off that followed news Friday of the new variant, which some observers said was overdone as billions of pe...

China factory activity edges up in November as power shortage eases

Nov 30, 2021 (AFP)

The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing activity -- in the world's second-biggest economy rose to 50.1, returning above the 50-poin...

Asian markets fall again but Europe, crude rebound from virus rout

Nov 29, 2021 (AFP)

Equities around the world went into freefall Friday on news of the heavily mutated variant, which some fear could evade vaccines, as it forced several governmen...

Laos hopes for economic boost from Chinese-built railway

Nov 28, 2021 (AFP)

The 414-kilometre (260-mile) route, due to open on December 3, took five years to construct under China's trillion-dollar Belt and Road Initiative, which funds ...

Two Myanmar-China border crossings re-open for trade

Nov 27, 2021 (AFP)

Five shipping containers of produce were exchanged on Friday at the Kyin San Kyawt border gate, around 11 kilometres (6.8 miles) from the northern Myanmar city ...

Most Asian markets drop as data points to faster Fed taper

Nov 25, 2021 (AFP)

A drop in jobless claims to a five-decade low, along with a surge in consumer income and spending, reinforced optimism that the world's biggest economy is well ...

Chinese city eases rules for developers amid cash crunch

Nov 25, 2021 (AFP)

The announcement comes after several real estate companies -- led by industry giant China Evergrande -- were plunged into financial crisis in the past year afte...

Most markets down, dollar rises further as Fed's Powell gets nod

Nov 23, 2021 (AFP)

While Powell was widely expected to get the nod from Joe Biden to continue to head the central bank, the news saw all three main Wall Street indexes drop from i...

Asian markets mixed, dollar rises again as Fed's Powell gets nod

Nov 23, 2021 (AFP)

While Powell was widely expected to get the nod from Joe Biden to continue to head the central bank, the news saw all three main Wall Street indexes drop from i...

Executive pay falling in Britain: PwC study

Nov 22, 2021 (AFP)

The report found median executive remuneration had fallen by around 9 percent at FTSE 100-quoted companies compared to last year. That compares with a 20 percen...

Protests cast spotlight on Chinese factories in Serbia

Nov 20, 2021 (AFP)

The situation at the factory and the alleged deception used to lure employees has made headlines in Serbia after Nguyen and hundreds of other Vietnamese went on...

Asia markets mostly up but Alibaba plunge hammers Hong Kong

Nov 19, 2021 (AFP)

Alibaba said Thursday that net profit tumbled 81 percent in the second quarter and revenue grew less than forecast as it was hit by the impact of slowing econom...

China's struggling Huarong secures $6.6 billion lifeline

Nov 18, 2021 (AFP)

The rescue plan, made in an overnight Wednesday filing to the Hong Kong stock exchange, will see the firm sell some 41.2 billion shares to investors led by Citi...

Report shines light on China's weight in global bodies

Nov 18, 2021 (AFP)

Chinese firms have come to dominate contracts offered by development banks, and Beijing has raised its contributions to those institutions to $66 billion, surpa...

Stock markets down, dollar and pound rise as inflation surges

Nov 17, 2021 (AFP)

New York's three main indexes rose again after data showed a forecast-busting rise in retail sales as well as solid earnings from shopping giants Walmart and Ho...

Suspect arrested in China digital yuan scam

Nov 17, 2021 (AFP)

China has been carrying out pilot schemes for its digital yuan since late 2019, rolling out tests in 10 cities including the capital Beijing. Authorities in the...

Asian markets steady with focus on inflation, Biden-Xi summit

Nov 16, 2021 (AFP)

Global markets have enjoyed about 18 months of healthy gains -- with many hitting record or multi-year highs -- thanks to ultra-loose central bank monetary poli...

China's factory output, retail sales see surprise jump in October

Nov 15, 2021 (AFP)

The recovery in the world's second biggest economy has been losing steam for much of the year after a swift bounceback from harsh lockdowns to contain Covid-19,...

Alibaba, JD enjoy record Singles Day despite tech crackdown

Nov 12, 2021 (AFP)

The firm said 540.3 billion yuan ($84.5 billion) was spent as China's army of consumers went on a splurge, despite a much lower-key sales campaign following pre...