TRADE WARS - AFRICA DAILY

IMF board meets with law firm behind data manipulation probe

Oct 04, 2021 (AFP)

In a brief statement released by IMF spokesman Gerry Rice, the board comprised of 24 directors and the managing director said it "met today with the representat...

Asian markets track Wall St plunge on debt, rates worry

Oct 01, 2021 (AFP)

While the fourth quarter is generally considered a strong period for traders, it has started in much the same fashion as the previous one ended, with uncertaint...

Most markets track Wall St up but traders still on edge

Sep 30, 2021 (AFP)

The Dow and S&P 500 provided a positive lead, though the unconvincing end to the trading day on Wall Street indicated lingering uncertainty on trading floors. W...

China factory activity shrinks for first time since February 2020

Sep 30, 2021 (AFP)

The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing activity in the world's second-largest economy -- slipped to 49.6 from 50.1 in August, the ...

China urges banks to avoid housing speculation to curb Evergrande risk

Sep 30, 2021 (AFP)

Saddled with more than $300 billion in liabilities that it is struggling to repay, the Chinese property developer's potential collapse poses systemic risks for ...

China infrastructure drive traps poor nations with $385 bn 'hidden debt': study

Sep 29, 2021 (AFP)

Research from international development research lab AidData said that opaque deals with state banks and companies under President Xi Jinping's flagship investm...

Elon Musk wants US regulators to let cryptocurrency 'fly'

Sep 29, 2021 (AFP)

The colorful serial entrepreneur, an outspoken digital money fan, shared his view at a Code Conference in Beverly Hills, as governments around the world fret ov...

US, EU pledge joint action on tech issues, semiconductors, China

Sep 29, 2021 (AFP)

The inaugural meeting of the Trade and Technology Council (TTC) laid out a lengthy to-do list, but perhaps the most significant achievement was the symbolic res...

Asian markets tumble on fears over inflation, Fed and default

Sep 29, 2021 (AFP)

Ongoing worries about the potential collapse of Chinese property giant Evergrande, an energy crunch in China and the ever-present spectre of the Delta Covid var...

Evergrande fuels concerns over China's housing bubble

Sep 28, 2021 (AFP)

China's property market has been a critical part of the economy, as Beijing's promise to improve people's living standards translated into new homes that in tur...

EU stresses human rights in virtual meet with China

Sep 28, 2021 (AFP)

EU foreign policy chief Josep Borrell and Chinese Foreign Minister Wang Yi held the videolink talks under the EU-China Strategic Dialogue, a forum to air issues...

Metal tariff talks with US in 'advanced stages': EU official

Sep 28, 2021 (AFP)

Citing national security concerns, former president Donald Trump in June 2018 levied tariffs of 25 percent on steel and 10 percent on aluminum from several coun...

Asian markets mostly down on taper worry, eyes on debt limit

Sep 28, 2021 (AFP)

Fears over the possible collapse of troubled Chinese developer Evergrande have abated for now, though the crisis is being closely followed. Meanwhile, analysts ...

Chinese police detain top execs from troubled HNA Group

Sep 24, 2021 (AFP)

Transport and logistics giant HNA Group said its chairman Chen Feng and CEO Tan Xiangdong have been detained by police in southern China's Hainan island, where ...

IMF chief says she 'did not pressure anyone' while at World Bank

Sep 24, 2021 (AFP)

"Let me be clear: the conclusions are wrong. I did not pressure anyone to alter any reports. There was absolutely no quid pro quo related to funding for the Wor...

China's central bank rules all crypto transactions are illegal

Sep 24, 2021 (AFP)

The global values of cryptocurrencies including Bitcoin have massively fluctuated over the past year partly due to Chinese regulations, which have sought to pre...

Evergrande founder calls for construction, sales to resume

Sep 23, 2021 (AFP)

Furious homebuyers and investors around the country have gathered to demand repayment as the developer drowns in a sea of debt worth more than $300 billion, and...

Taiwan applies to join Pacific trade deal days after China

Sep 23, 2021 (AFP)

Signed by 11 Asia-Pacific countries in 2018, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is the region's biggest free-trad...

EU says US tech talks going ahead despite French anger

Sep 23, 2021 (AFP)

A furious Paris had floated the idea of delaying the meeting of the new Trade and Technology Council in Pittsburgh on September 29 in retaliation for a pact bet...

Hong Kong leads Asian markets rally as Evergrande fears subside

Sep 23, 2021 (AFP)

Hong Kong led advances as it reopened after a midweek break to catch up with news that Evergrande had agreed a plan to repay interest to its domestic bondholder...