TRADE WARS - INDO DAILY

US rate hikes feeding risk of global recession: Borrell

Oct 10, 2022 (AFP)

"Everybody's running to increase interest rates -- these will bring us to a world recession," Josep Borrell predicted to EU ambassadors in an annual gathering. ...

US says Hong Kong risks reputation over yacht linked to Putin ally

Oct 08, 2022 (AFP)

The Nord -- a US$500 million, 142-metre (466-foot) luxury vessel linked to Russian billionaire Alexei Mordashov -- arrived in the Chinese territory's waters thi...

Asian stocks drop, dollar holds rally as US jobs report looms

Oct 07, 2022 (AFP)

Soft economic data out of Washington sent equities surging at the start of the week and dragged the greenback on hopes that the readings could allow the US cent...

Stocks drop, dollar holds gains as US jobs report looms

Oct 07, 2022 (AFP)

Soft economic data out of Washington sent equities surging at the start of the week and dragged the greenback on hopes that the readings could allow the US cent...

Asian markets drift as global rally peters, focus now on US jobs

Oct 06, 2022 (AFP)

The mood on trading floors has been a little lighter this week, sending equities surging and weighing on the dollar, after weak readings on US factory activity ...

Under-fire UK PM Truss fails to calm markets with growth pledge

Oct 05, 2022 (AFP)

Since succeeding Boris Johnson, Truss has alienated voters, financial markets and many in the ruling Conservative party with a crash programme of debt-fuelled t...

Markets rally, dollar dips as US data tempers rate fears

Oct 04, 2022 (AFP)

Oil also continued to rise on expectations OPEC and other major producers will slash output this week, having become spooked by a plunge in the commodity on rec...

Markets drop as traders eye jobs and earnings, oil jumps

Oct 03, 2022 (AFP)

A report showing prices rose in the eurozone at a record pace last month added to concerns that central bank tightening has a long way to go, while Federal Rese...

Markets mixed after sell-off, sterling edges up after recovery

Sep 30, 2022 (AFP)

Sterling, however, managed to extend gains after clawing back more of the huge losses suffered at the start of the week owing to a tax-cutting mini-budget that ...

Stocks and oil drop as dollar gains on recession, Ukraine fears

Sep 28, 2022 (AFP)

Investors are keeping a close eye on London, after new finance minister Kwasi Kwarteng's tax-cutting last week sent shock waves through markets, pushing the pou...

Dollar softens after rally, stocks stable but uncertainty reigns

Sep 27, 2022 (AFP)

While central banks around the world are ramping up interest rates to fight inflation, the main focus is on the US Federal Reserve's increasingly hawkish tone t...

Pound hits record low versus dollar, markets drop on recession fears

Sep 26, 2022 (AFP)

The selloff came as most equity markets across Asia fell again owing to a growing expectation that central bank interest rate hikes to fight runaway inflation w...

Australia sees 'long road' to repairing China ties

Sep 23, 2022 (AFP)

Australian Foreign Minister Penny Wong described her New York sitdown with State Councillor Wang Yi as "constructive" but cautioned against talk of a quick norm...

Hong Kong replaced by Singapore as Asia's top finance centre

Sep 23, 2022 (AFP)

Singapore jumped three places to third in the twice-a-year Global Financial Centres Index (GFCI) which assesses 119 cities around the world and was published la...

'Very high chance' Hong Kong will end year in recession

Sep 22, 2022 (AFP)

"There is a very high chance for Hong Kong to record a negative GDP growth for this year," Financial Secretary Paul Chan told reporters, adding that interest ra...

Asian markets tumble further as Fed hikes rates, warns more to come

Sep 22, 2022 (AFP)

While the three-quarter-point rise was widely expected, there was some surprise at the central bank's forecast that borrowing costs would likely be held above f...

Markets drop as Fed hike looms, Putin move lifts dollar and oil

Sep 21, 2022 (AFP)

Equities around the world have been clattered by fears of a recession in major economies as central banks ramp up borrowing costs to combat the highest inflatio...

Zero-Covid harming 75% of European firms in China: business group

Sep 21, 2022 (AFP)

The report by the European Union's Chamber of Commerce in China marks the latest statement by the foreign business community that Beijing's hardline virus curbs...

China should do more to help avoid debt crisis: US official

Sep 20, 2022 (AFP)

In the wake of the pandemic, many countries are facing debt distress, and China has delayed or failed to participate in multinational efforts to try to work out...

EU hopes for trade pact with Indonesia within two years

Sep 20, 2022 (AFP)

"We think it is feasible by mid-2024" to conclude a comprehensive economic partnership agreement, Valdis Dombrovskis told reporters in the Indonesian capital Ja...