TRADE WARS - INDO DAILY

Stocks plunge despite Credit Suisse buyout, central banks' pledge

Mar 20, 2023 (AFP)

The losses came ahead of the Federal Reserve's latest policy meeting this week, with speculation mounting that it will pause its interest rate hikes to provide ...

'No other option': Russia's unequal economic marriage with China

Mar 19, 2023 (AFP)

Since Western countries imposed sanctions on Moscow, bilateral trade between the two neighbours has reached a record $190 billion and the proportion of Russian ...

China lowers bank reserve requirement in boost to flagging economy

Mar 17, 2023 (AFP)

The People's Bank of China (PBOC) said it would cut the reserve requirement ratio by 0.25 percentage points starting March 27, which would allow commercial bank...

Asian markets sink but Europe rallies on Credit Suisse loan hope

Mar 16, 2023 (AFP)

Already-spooked investors have been in panic mode since the collapse of two regional US banks over the weekend sparked a sell-off across equities and ramped up ...

Asian markets rally as bank worries ebb, Fed rates back in view

Mar 15, 2023 (AFP)

Banks rallied in early exchanges after taking a battering the previous two days in reaction to the demise of Silicon Valley Bank and Signature Bank at the weeke...

China retail sales up in New Year after Covid reopening

Mar 15, 2023 (AFP)

The 3.5 percent growth, released by the National Bureau of Statistics, came in line with expectations and was much better than the 1.8 percent drop suffered in ...

Bank collapse 'part of the game' for Texas fest startups

Mar 15, 2023 (AFP)

"Imagine, a day before we come here, we see on the news that our funds have been frozen," entrepreneur Vahag Karayan told AFP on the streets of Austin, the stat...

Big Tech's job-slashing wave

Mar 14, 2023 (AFP)

The cuts in the company that also owns Instagram and WhatsApp, follow a cull of 11,000 jobs announced in November. Here are the others: - Amazon - The online re...

Asian markets sink as SVB contagion fears hit banking sector

Mar 14, 2023 (AFP)

The swift closure of Silicon Valley Bank on Friday, followed by Signature Bank days later, forced US authorities to immediately pledge support for other lenders...

Art auctions hit record in 2022 despite economic gloom

Mar 14, 2023 (AFP)

The report by France-based analysts Artprice also confirmed a near-total collapse in the previous year's craze for NFTs -- the blockchain tokens that prove owne...

China lifts sweeping visa curbs on foreigners

Mar 14, 2023 (AFP)

The move marks the latest step towards reopening China to the outside world, as Beijing breaks with the strict zero-Covid strategy that defined its pandemic res...

China premier warns 2023 growth target 'no easy task'

Mar 13, 2023 (AFP)

The government set the economic growth target of "around five percent" this month, one of the lowest in decades as China emerged from strict zero-Covid rules th...

EU chief wants 'level playing field' with China

Mar 13, 2023 (AFP)

Explaining the stance she took last week when she visited US President Joe Biden, Brussels' top official said the European Union was merely seeking a level play...

Markets mixed as traders weigh US support after SVB collapse

Mar 13, 2023 (AFP)

The collapse Friday of Silicon Valley Bank, which specialised in venture-capital financing largely in the tech sector, came after a huge run on deposits left it...

China retains central bank chief in unexpected move

Mar 12, 2023 (AFP)

Yi Gang was confirmed as governor of the People's Bank of China at a meeting of China's rubber-stamp national legislature, against expectations that retirement-...

Silicon Valley Bank, the tech bank causing tremors

Mar 10, 2023 (AFP)

- What is SVB? - Silicon Valley Bank (SVB) is based in Santa Clara, California and caters to the tech industry and the venture capital funds which invest in sta...

Kaisa plunges as trading resumes; Prada sales slump; Market tracks Wall Street down

Mar 10, 2023 (AFP)

The country's developers are still reeling from the effects of Beijing's 2020 crackdown on excessive borrowing and rampant speculation in the property sector, w...

Markets tumble as bank worries spread from Wall Street

Mar 10, 2023 (AFP)

The sell-off comes as traders nervously await the release of US jobs data later in the day, with many fearing a forecast-beating figure could press the Federal ...

US worries China will use supply chains as weapon

Mar 09, 2023 (AFP)

The "Annual Threat Assessment" issued by the Director of National Intelligence said China is already using its supply chain dominance to force foreign companies...

Asian markets fluctuate with nervous eye on US jobs data

Mar 09, 2023 (AFP)

Markets have been falling since the start of February as a string of forecast-beating indicators have shattered hopes the US central bank could pause its tighte...