TRADE WARS - INDO DAILY

China delays release of economic data during key political meeting

Oct 17, 2022 (AFP)

The announcement comes a day before analysts had expected Beijing to publish some of its weakest quarterly growth figures since 2020 with the economy hobbled by...

US ready to work with Xi but sees more 'aggressive' China

Oct 17, 2022 (AFP)

Xi on Sunday hailed his own response on Covid and corruption as he launched a Communist Party Congress that is set to give him another five years at the helm of...

Asian markets track Wall St losses but sterling bounces

Oct 17, 2022 (AFP)

The pound rose, however, after British Prime Minister Liz Truss replaced her finance minister and speculation swirled that she would row back on more of the deb...

China's economy slows as Xi plans for historic third term

Oct 15, 2022 (AFP)

The figures for the third quarter, along with a salvo of other economic indicators, will be unveiled in the middle of the week-long political meeting that is ex...

China consumer inflation rises to two-year high

Oct 14, 2022 (AFP)

Consumers in China have been largely spared the impact of a global surge in food and energy costs following Russia's invasion of Ukraine. But data showed Friday...

Hong Kong activist says payment firm cut service citing 'risk'

Oct 14, 2022 (AFP)

Leung Wing-lai and two other activists had raised more than HK$141,000 ($18,000) on the crowdfunding platform GoGetFunding before Stripe stopped receiving credi...

Markets surge after sharp Wall St swing, pound holds gains

Oct 14, 2022 (AFP)

Sterling also held most of its big gains sparked by speculation the UK government was set to perform another U-turn on its debt-fuelled mini-budget, though the ...

Asian markets drop as traders brace for key US inflation data

Oct 13, 2022 (AFP)

The release of the September report comes a day after minutes from the central bank's latest policy meeting showed officials determined to win their battle agai...

EU eyes trade with 'reliable' partners after war shock

Oct 13, 2022 (AFP)

Europe is facing an energy crunch, with the price of electricity generation skyrocketing on a surge in gas prices after Moscow's invasion. "Russia is using its ...

Biden to prioritize China competition amid 'dangerous' Russia

Oct 12, 2022 (AFP)

"The post-Cold War era is over, and the competition is underway between the major powers to shape what comes next," Biden's national security advisor, Jake Sull...

Stocks dive, dollar rallies as dazed traders gird for inflation data

Oct 12, 2022 (AFP)

Angst-ridden investors are struggling to find some solace as they navigate a range of crises that threaten the global economy, from soaring prices and bumper in...

German foreign minister urges more caution towards China

Oct 12, 2022 (AFP)

"We must align our political, but above all economic relations with the China that exists today," Baerbock told the Sueddeutsche Zeitung newspaper. The lesson f...

Sterling swings as BoE confirms end of market support

Oct 12, 2022 (AFP)

The news dealt a blow to investors who had been buoyed by a report that the BoE had pledged to lenders it would continue to provide cash if needed after Friday'...

IMF cuts China growth forecasts for 2022, 2023

Oct 11, 2022 (AFP)

China's gross domestic product is expected to expand 3.2 percent this year, the IMF said in its quarterly global forecast, down 0.1 percentage point from its pr...

US climate spending could spark 'tariff war', Scholz warns

Oct 11, 2022 (AFP)

Unease has been growing abroad about US President Joe Biden's landmark "Inflation Reduction Act", which will see vast spending on green energy initiatives and i...

Hong Kong leader says he 'laughs off' US sanctions

Oct 11, 2022 (AFP)

The Nord -- a $500 million luxury vessel linked to Russian billionaire Alexei Mordashov -- arrived in the Chinese territory's waters last week. Mordashov is amo...

Silicon Valley billionaire Milner renounces Russian citizenship

Oct 11, 2022 (AFP)

"My family and I left Russia for good in 2014, after the Russian annexation of Crimea. And this summer, we officially completed the process of renouncing our Ru...

Asian markets swing on recession fears as inflation data looms

Oct 11, 2022 (AFP)

With the focus on inflation, analysts said consumer price index data released later this week will be crucial to the direction of risk assets -- another big rea...

54 poor nations urgently need debt relief: UN

Oct 11, 2022 (AFP)

In a new report, the United Nations Development Programme warned that dozens of developing nations were facing a rapidly deepening debt crisis and that "the ris...

Asian markets sink as US jobs data fan rate hike bets

Oct 10, 2022 (AFP)

A brief rally across trading floors last week gave way to gloom as investors grow increasingly worried that central bank efforts to tame runaway prices will plu...