TRADE WARS

News About World Trade

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Asian markets mostly lower on profit-taking after tech surge
Feb 26, 2024 (AFP)
Investors are turning to profit-taking as last week's mega market rally -- fuelled by stellar results from US technology titan Nvidia -- loses steam, analysts s...
US-China economic flashpoints at a glance
Feb 25, 2024 (AFP)
What's behind these concerns? - American debt - Republicans in particular are worried about this issue, concerned that China holds too much American debt. The f...
Dior postpones Hong Kong fashion show: govt
Feb 24, 2024 (AFP)
Hong Kong is courting top international celebrities and brands in the hope of rebooting its reputation, which had been battered by years of social unrest and st...
Biden slaps sanctions on 500 targets in Russia 'war machine'
Feb 23, 2024 (AFP)
The sanctions, described as the largest single tranche since the start of the war, also seek to impose a cost for the death last week in a Siberian prison of Pu...
StanChart bank in shareholder bonanza as profits soar
Feb 23, 2024 (AFP)
The London-listed lender launched a new $1-billion share buyback as part of plans to return at least $5 billion to shareholders over the next three years, it sa...
Asian markets advance after record rallies
Feb 23, 2024 (AFP)
Investors celebrated on Thursday as bumper profits reported by US chip giant Nvidia, seen as a bellwether for the artificial intelligence boom, helped boost Tok...
US expects to discuss Chinese overcapacity with G20
Feb 23, 2024 (AFP)
Yellen is set to visit Sao Paulo from Tuesday to Thursday, to participate in the Group of 20 leading economies' finance minister and central bank governor meeti...
Attacked ship catches fire in Gulf of Aden near Yemen
Feb 22, 2024 (UPI)
"UKMTO has received a report of an incident 70 nautical miles southeast of Aden, Yemen. Authorities are investigating," the statement said. "Vessels are advised...
Huthi missile attack damages British-owned ship off Yemen
Feb 22, 2024 (AFP)
The rebels, who control much of Yemen, have carried out months of attacks on merchant vessels in the Red Sea and the Gulf of Aden, disrupting the key shipping r...
Asian markets climb, Tokyo hits record after US tech gains
Feb 22, 2024 (AFP)
Highly anticipated earnings results from Nvidia beat expectations late Wednesday, with the firm reporting a quarterly profit of $12.3 billion on record-high rev...
China stocks jump after rate cut as markets await US tech earnings
Feb 21, 2024 (AFP)
China's central bank rate-cut on Tuesday is among measures intended to rally dwindling growth as the world's second-largest economy battles a prolonged property...
HSBC shares tank on China impairment scare
Feb 21, 2024 (AFP)
Net profit surged 56 percent last year to US$22.4 billion, the London-headquartered group said in a statement. Pre-tax gains hit a record $30.3 billion followin...
HSBC reports 'record profit' of $30.3 bn in 2023
Feb 21, 2024 (AFP)
The Asia-focused lender and its peers have been buoyed by rising interest rates for more than a year, but are bracing for greater economic uncertainties in 2024...
Youth appetite for gold rises as Chinese economy loses lustre
Feb 21, 2024 (AFP)
Elaborate traditional pieces created by master goldsmiths have always been popular in China, bought as gifts for special occasions like the Lunar New Year or si...
China shares end higher as central bank cuts key rate
Feb 20, 2024 (AFP)
The Shanghai and Shenzhen exchanges were buoyant Monday after the Lunar New Year, leading gains in most Asian markets thanks to a holiday boost that pushed spen...
China new year holiday spending surges past pre-pandemic levels
Feb 19, 2024 (AFP)
Domestic spending on entertainment, dining and travel soared during this year's "Golden Week", which officially ended on Saturday, according to a statement from...
China's Wang tells Britain two sides must strengthen cooperation
Feb 17, 2024 (AFP)
China and the UK have traded barbs in recent months over accusations of human rights abuses and espionage. The Chinese foreign ministry said last month it had s...
UK and China agree to deepen cooperation as ministers meet
Feb 17, 2024 (AFP)
Chinese foreign minister Wang Yi told UK counterpart David Cameron at Friday's meeting that they should "strengthen exchanges and cooperation", state media in B...
Blinken, China's Wang discuss Russia, US sanctions
Feb 17, 2024 (AFP)
Blinken and Wang's meeting on the sidelines of the Munich Security Conference follows an extremely fraught period between the two giants over issues including T...
France, Germany block EU deal on scaled-back app worker law
Feb 16, 2024 (AFP)
The European Union's objective was to bring in bloc-wide rules that supporters hoped would improve conditions for app workers in the gig economy by reclassifyin...
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