TRADE WARS - INDO DAILY

Asian markets rise but rate concerns cast shadow

Feb 20, 2023 (AFP)

Equities have struggled to build on January's rally, with recent data showing that the Federal Reserve still had plenty of work to do to get prices under contro...

Luxury sector eyes reopening of China

Feb 19, 2023 (AFP)

The world's largest luxury group LVMH posted a 23-percent jump in sales to a record of 79 billion euros ($86 billion) in 2022 and saw profits climb 17 percent t...

Earthquake sends tremors through Turkey's fragile economy

Feb 19, 2023 (AFP)

Now, it must pour billions of dollars into rebuilding 11 southeastern provinces flattened by the February 6 tremor -- the worst disaster of its post-Ottoman his...

Markets drop as traders eye higher-for-longer rates

Feb 17, 2023 (AFP)

Data showing the US wholesale price index eased slightly last month but rose more than forecast, reinforcing the view that the central bank still has much more ...

World Bank chief David Malpass to step down early

Feb 16, 2023 (AFP)

The veteran of Republican administrations in the United States was appointed to the role in 2019 when Donald Trump was president and previously served as Under ...

China remains Germany's biggest trade partner in 2022

Feb 16, 2023 (AFP)

Goods worth 297.9 billion euros ($318.9 billion) were exchanged between the two countries last year, up 20 percent despite the continuing impact of the coronavi...

China to resume issuing short-term visas for S. Koreans

Feb 15, 2023 (AFP)

The move follows South Korea's decision last week to end Covid-linked travel restrictions on Chinese nationals -- rules that sparked a furious response and tit-...

Asian markets retreat as US inflation fuels rate-hike bets

Feb 15, 2023 (AFP)

The much-anticipated figures from January's consumer price index showed a slight slowdown from the previous month, but the 6.4 percent reading was higher than f...

Toshiba revises down forecasts as it weighs buyout

Feb 14, 2023 (AFP)

In April last year, the firm said it was suspending a plan to split in two after a shareholder vote against the idea and would weigh going private. Last week, T...

Asian markets mixed in nervous trade ahead of US inflation data

Feb 14, 2023 (AFP)

After a bright January, traders have endured a shaky couple of weeks as they contemplate the prospect of more Federal Reserve interest rate hikes aimed at cooli...

Singapore maintains 2023 GDP growth forecast, spurred by China reopening

Feb 13, 2023 (AFP)

The city-state's economic performance is often seen as a useful barometer of the global environment because of its reliance on trade with the rest of the world....

Biden, Lula to unite on environment at W.House but split on Ukraine

Feb 10, 2023 (AFP)

Lula, who led Brazil from 2003 to 2010 and returned to power in January after defeating right-winger Jair Bolsonaro, tweeted that he looks forward to a "very pr...

Texas, other US states mull ban on Chinese buying land

Feb 10, 2023 (AFP)

The Texas proposal also would bar Russians, Iranians and North Koreans from owning real estate. But the principal target appears to be Chinese nationals. The dr...

Asian markets follow Wall St down; Singapore maintains GDP forecasts

Feb 10, 2023 (AFP)

While data in recent months has shown inflation is coming down, the employment figures showed the economy remained robust, leading several top Federal Reserve o...

Markets fall as Fed officials flag rates to go higher for longer

Feb 09, 2023 (AFP)

Months of slowing price rises fuelled hopes the Federal Reserve could soon pause its tightening drive or even cut rates this year, but that optimism was dealt a...

Philippines' Marcos in Tokyo to sign defence, infrastructure deals

Feb 09, 2023 (AFP)

Marcos' trip comes a week after Manila announced a deal giving US troops access to another four bases in the country, and with Japan and the Philippines already...

Biden says US not seeking conflict with China, despite balloon flap and trade deficit

Feb 09, 2023 (AFP)

"We're going to compete fully with China, but... we're not looking for conflict -- and that's been the case so far," he said in a televised interview with PBS. ...

World Bank revamp to start by April on push to broaden mission: Yellen

Feb 09, 2023 (AFP)

While development lenders need to further their main mission of poverty reduction and inclusive growth, it is also key that they tackle global problems, she sai...

US, Brazil to seek reset with Biden-Lula meeting

Feb 08, 2023 (AFP)

Veteran leftist Lula, who took office for a third term last month after defeating far-right incumbent Bolsonaro, will hold what his team called a highly symboli...

Markets mostly rise but rate worries keep optimism in check

Feb 08, 2023 (AFP)

A run of key data in recent months has indicated a series of bumper hikes last year was beginning to pay off, fuelling hopes that the central bank could pause i...