TRADE WARS - INDO DAILY

China says wants deeper Russia ties, silent on Ukraine war

Oct 27, 2022 (AFP)

China and Russia had a tumultuous relationship during the Cold War but have grown closer in recent years as they worked to counter the United States. China has ...

Germany allows controversial Chinese stake in Hamburg port

Oct 26, 2022 (AFP)

Under the compromise agreed by Scholz's cabinet, Chinese shipping giant Cosco has the go-ahead to buy a stake "below 25 percent" in the Tollerort container term...

Germany allows smaller Chinese stake in Hamburg port

Oct 26, 2022 (AFP)

Under the compromise reached by Scholz's cabinet, Chinese shipping giant Cosco will be allowed to buy a stake "below 25 percent" in a container terminal owned b...

China fiscal deficit balloons to nearly $1 trillion as economy cool

Oct 26, 2022 (AFP)

The budget shortfall for all levels of government from January to September was 7.16 trillion yuan ($980 billion), according to an analysis based on data releas...

S.Africa warned after refusal to bar superyacht tied to Putin ally

Oct 26, 2022 (AFP)

The Nord -- a $500 million vessel linked to Russian billionaire Alexei Mordashov -- is reportedly en route to South Africa having left Hong Kong last week where...

Boss of Germany's BASF warns against 'China bashing'

Oct 26, 2022 (AFP)

The company is building up its business in Asia as its European operations come under pressure, particularly due to the surging price of energy triggered by the...

Markets rise with Wall St on rate hope, healthy earnings

Oct 26, 2022 (AFP)

Hong Kong and Shanghai enjoyed a much-needed advance after China's central bank and forex officials pledged support for the country's equities, bonds and yuan, ...

Germany eyes allowing smaller Chinese stake in Hamburg port: govt source

Oct 25, 2022 (AFP)

Chinese shipping giant Cosco had sought a 35-percent stake and the deal would have automatically gone ahead despite opposition from several German ministries if...

HSBC profits slide on bank impairment charges

Oct 25, 2022 (AFP)

The London-headquartered bank's share price was down nearly seven percent in early afternoon deals, making it the biggest faller on the British capital's FTSE 1...

Hong Kong, Shanghai fall again on China worries as other markets mixed

Oct 25, 2022 (AFP)

Optimism about upcoming corporate earnings was providing some support, with Wall Street chalking up another strong day ahead of reports this week from big-name ...

Australian economy set to slow as global crises bite

Oct 25, 2022 (AFP)

Solid 3.25 percent growth this year is expected to slump to 1.5 percent in 2023-24 -- a full percentage point lower than previously predicted -- according to bu...

China economy grows, but Xi's new power spooks investors

Oct 24, 2022 (AFP)

Xi secured an expected third term as leader at a party Congress over the weekend, but surprised observers by stacking leadership positions with proteges and all...

EU warned Germany about Hamburg port Chinese investment

Oct 22, 2022 (AFP)

The source confirmed information in a report by the Handelsblatt daily that the EU executive had in spring given Berlin a thumbs-down to Chinese shipping giant ...

EU not looking for 'systematic confrontation' with China

Oct 21, 2022 (AFP)

"This discussion showed a very clear will to avoid being naive, but neither did we want to embark into a logic of systematic confrontation," summit host and EU ...

Dollar extends gains on Fed rate hike expectations

Oct 21, 2022 (AFP)

Traders were girding for another possible intervention by Tokyo after the yen sank past 150 per dollar, while sterling remained under pressure owing to uncertai...

Scholz under fire over alleged support for China project

Oct 20, 2022 (AFP)

Chinese shipping giant Cosco is due to take a 35 percent stake in a container terminal in Hamburg, in a deal agreed last year but not yet authorised by the fede...

Stocks drop and dollar rises as inflation, rate fears return

Oct 20, 2022 (AFP)

Traders in Europe were keeping tabs on Westminster a day after Prime Minister Liz Truss's government was plunged into a fresh crisis and facing collapse followi...

As Xi tightens grip, EU rethinks approach to China

Oct 19, 2022 (AFP)

A two-day summit in Brussels from Thursday will be dominated by the fallout of Russia's war on Ukraine and Europe's soaring energy prices, but ties with the wor...

Markets mixed as traders struggle to keep rally's momentum

Oct 19, 2022 (AFP)

However, while there is a more upbeat mood on trading floors for now, analysts warned that the current rally could soon turn as central banks press on with inte...

Stocks, sterling extend gains after UK budget U-turn

Oct 18, 2022 (AFP)

After a volatile few weeks during which the pound hit a record low, new finance minister Jeremy Hunt sought Monday to reassure investors as he unveiled a new sp...