TRADE WARS - INDO DAILY

Mar 09, 2023 (AFP)

The commission, the EU's executive arm, said the new rules will apply until the end of 2025 and, in "exceptional cases", allow members to match subsidies provid...

China consumer inflation drops to lowest level in a year

Mar 09, 2023 (AFP)

February's consumer price index (CPI) -- the main gauge of inflation -- rose one percent, down from a 2.1 percent annual rise in the first month of the year, ac...

Prada touts strong profits despite China sales slump

Mar 09, 2023 (AFP)

It follows a trend across the luxury goods sector that saw record sales and profits last year despite stifled global growth and disruptions in China due to drac...

Asia tracks Wall St losses after Powell's rate hike warning

Mar 08, 2023 (AFP)

In much-anticipated testimony to US lawmakers, Powell dealt a hammer blow to traders who had held faint hopes that the central bank could pause its tightening c...

Sri Lanka banks on IMF deal to tap frozen billions

Mar 08, 2023 (AFP)

Government spokesman Bandula Gunawardana told reporters that the International Monetary Fund was expected to give its board approval for a $2.9 billion bailout ...

Australian PM in India to discuss China, trade and cricket

Mar 08, 2023 (AFP)

Australia and India, with Japan and the United States, make up the Quad alliance that is seen as a bulwark against Chinese assertiveness in the Asia-Pacific reg...

Most markets rise ahead of Powell testimony, US jobs data

Mar 07, 2023 (AFP)

His remarks will be closely followed for an idea about the central bank's plans as it ramps up interest rates to quell inflation. A recent run of figures has su...

Chinese foreign trade starts new year in a slump

Mar 07, 2023 (AFP)

The country's exports in January and February tumbled 6.8 percent on-year, though that was an improvement on the 9.9 percent drop in December, customs records s...

China backing paves way for Sri Lanka financing: IMF

Mar 07, 2023 (AFP)

"Sri Lanka has now received financing assurances from all major bilateral creditors," said Krishna Srinivasan, director of IMF's Asia and Pacific Department, in...

Asian markets rise ahead of Powell testimony, US jobs data

Mar 07, 2023 (AFP)

His remarks will be closely followed for an idea about the central bank's plans as it ramps up interest rates to quell inflation. A recent run of figures has su...

Most Asian markets rise ahead of Powell testimony, US jobs data

Mar 07, 2023 (AFP)

His remarks will be closely followed for an idea about the central bank's plans as it ramps up interest rates to quell inflation. A recent run of figures has su...

Global stocks mixed as China eyes 'around 5%' growth in 2023

Mar 06, 2023 (AFP)

Wall Street looked poised early Monday to extend the rally from late last week, but momentum faded later in the day. Major US indices finished near flat. The mo...

President Xi vows to boost manufacturing as China targets 5% growth

Mar 06, 2023 (AFP)

Speaking at the annual gathering of the rubber-stamp parliament in Beijing on Sunday, Xi said China should be able to fend for itself. "I've always said there a...

Asian markets start positively, China shares slump

Mar 06, 2023 (AFP)

Traders in Tokyo appeared bullish about positive news flowing in from the United States where Wall Street had rallied on Friday. An end-of-week slide in Treasur...

China sets economic growth target of 'around 5%' for 2023

Mar 05, 2023 (AFP)

The target was announced in a work report delivered by outgoing Premier Li Keqiang as the rubber-stamp parliament opened at the capital's Great Hall of the Peop...

China to unveil lowest growth goal in years: analysts

Mar 03, 2023 (AFP)

Thousands of party delegates from across China will converge on Beijing for a rubber stamp conclave set to confirm key personnel appointments and make policy fo...

Ericsson to pay over $200 mn for breaching US deal over Iraq graft: statement

Mar 03, 2023 (AFP)

The company entered "a guilty plea regarding previously deferred charges relating to conduct prior to 2017," for not disclosing an internal 2019 investigation r...

EU eyes trade deal with US to access green benefits

Mar 03, 2023 (AFP)

Officials are hoping to make progress on this as early as next week, when Biden hosts European Commission chief Ursula von der Leyen at the White House. In thos...

Markets rise with Wall St on lower rate hopes

Mar 03, 2023 (AFP)

A strong run of data sent chills through trading floors in February -- wiping out almost all January's rally -- as investors realised the US central bank had mo...

Biden to host EU chief von der Leyen on March 10

Mar 02, 2023 (AFP)

The leaders will review the "strong cooperation" between the United States and European Union in supporting Ukraine's fight against the Russian invasion, the Wh...