TRADE WARS - INDO DAILY

Chinese city eases rules for developers amid cash crunch

Nov 25, 2021 (AFP)

The announcement comes after several real estate companies -- led by industry giant China Evergrande -- were plunged into financial crisis in the past year afte...

Most Asian markets drop as data points to faster Fed taper

Nov 25, 2021 (AFP)

A drop in jobless claims to a five-decade low, along with a surge in consumer income and spending, reinforced optimism that the world's biggest economy is well ...

Most markets down, dollar rises further as Fed's Powell gets nod

Nov 23, 2021 (AFP)

While Powell was widely expected to get the nod from Joe Biden to continue to head the central bank, the news saw all three main Wall Street indexes drop from i...

Asian markets mixed, dollar rises again as Fed's Powell gets nod

Nov 23, 2021 (AFP)

While Powell was widely expected to get the nod from Joe Biden to continue to head the central bank, the news saw all three main Wall Street indexes drop from i...

Executive pay falling in Britain: PwC study

Nov 22, 2021 (AFP)

The report found median executive remuneration had fallen by around 9 percent at FTSE 100-quoted companies compared to last year. That compares with a 20 percen...

Protests cast spotlight on Chinese factories in Serbia

Nov 20, 2021 (AFP)

The situation at the factory and the alleged deception used to lure employees has made headlines in Serbia after Nguyen and hundreds of other Vietnamese went on...

Asia markets mostly up but Alibaba plunge hammers Hong Kong

Nov 19, 2021 (AFP)

Alibaba said Thursday that net profit tumbled 81 percent in the second quarter and revenue grew less than forecast as it was hit by the impact of slowing econom...

China's struggling Huarong secures $6.6 billion lifeline

Nov 18, 2021 (AFP)

The rescue plan, made in an overnight Wednesday filing to the Hong Kong stock exchange, will see the firm sell some 41.2 billion shares to investors led by Citi...

Report shines light on China's weight in global bodies

Nov 18, 2021 (AFP)

Chinese firms have come to dominate contracts offered by development banks, and Beijing has raised its contributions to those institutions to $66 billion, surpa...

Suspect arrested in China digital yuan scam

Nov 17, 2021 (AFP)

China has been carrying out pilot schemes for its digital yuan since late 2019, rolling out tests in 10 cities including the capital Beijing. Authorities in the...

Stock markets down, dollar and pound rise as inflation surges

Nov 17, 2021 (AFP)

New York's three main indexes rose again after data showed a forecast-busting rise in retail sales as well as solid earnings from shopping giants Walmart and Ho...

Asian markets steady with focus on inflation, Biden-Xi summit

Nov 16, 2021 (AFP)

Global markets have enjoyed about 18 months of healthy gains -- with many hitting record or multi-year highs -- thanks to ultra-loose central bank monetary poli...

China's factory output, retail sales see surprise jump in October

Nov 15, 2021 (AFP)

The recovery in the world's second biggest economy has been losing steam for much of the year after a swift bounceback from harsh lockdowns to contain Covid-19,...

Alibaba, JD enjoy record Singles Day despite tech crackdown

Nov 12, 2021 (AFP)

The firm said 540.3 billion yuan ($84.5 billion) was spent as China's army of consumers went on a splurge, despite a much lower-key sales campaign following pre...

Asian markets rise on outlook hope but eyes on inflation

Nov 12, 2021 (AFP)

A respite in the crisis surrounding troubled Chinese developer Evergrande, and reports that Beijing was planning to ease financial rules on the property sector,...

Evergrande makes overdue interest payments: report

Nov 11, 2021 (AFP)

Evergrande shares bounced up in Hong Kong morning trade and were around seven percent up by mid-afternoon. All eyes had been on the heavily indebted company as ...

Asian markets fluctuate as inflation remains in focus

Nov 11, 2021 (AFP)

US investors ran for cover and the dollar soared after a forecast-beating read on the consumer price index, which hit a 31-year high last month, putting fresh p...

China's 'Single's Day' shopping fest subdued by tech crackdown

Nov 10, 2021 (AFP)

The world's biggest shopping festival has for years been accompanied by aggressive promotions and breathless hourly updates by Alibaba from midnight onwards det...

China factory-gate inflation hits record again

Nov 10, 2021 (AFP)

Factory inflation in the world's second-biggest economy has been rising for four straight months. In September, it made the biggest jump in more than two decade...

Cash-strapped Evergrande raises $144m before payment deadline

Nov 09, 2021 (AFP)

Evergrande sold a 5.7 percent stake totalling HK$1.12 billion ($144m) in HengTen Networks Group in three separate transactions from last Thursday, Hong Kong sto...