TRADE WARS - INDO DAILY

Asia markets mixed as traders track US stimulus efforts

Feb 11, 2021 (AFP)

Trading was thinned by holidays in major markets, notably Chinese New Year, which will see most of the region closed for several days. Global risk assets have b...

Wall Street player BNY Mellon jumps on bitcoin bandwagon

Feb 11, 2021 (AFP)

BNY Mellon, which is known as the oldest US bank, said it will form a new digital assets unit to transfer, safeguard and issue digital assets in response to cli...

Polish president calls trade with China 'insufficient'

Feb 09, 2021 (AFP)

Speaking during an online summit between Xi and some regional leaders, Duda said he wanted "more tangible and mutually beneficial results". Duda suggested they ...

JP Morgan's Aguzin named Hong Kong stock exchange's CEO

Feb 09, 2021 (AFP)

The Argentine-born banker will take up his post in May, at a time when Beijing is clashing with Western powers over its campaign to stamp out dissent in the fin...

Asian markets track Wall St records on stimulus optimism

Feb 08, 2021 (AFP)

After a rout at the end of January, the global rally across equities appeared to be back on track, despite concerns that valuations may have become a little too...

US trade gap soars in 2020 amid pandemic disruptions

Feb 05, 2021 (AFP)

Business shutdowns and global shipping disruptions caused by Covid-19 were a major factor for most of last year, leading to the largest trade gap since the star...

Asian market rally stalls but vaccine, stimulus hope lend support

Feb 04, 2021 (AFP)

An upbeat outlook for the global economy continues to push oil prices higher, with top producers sounding a note of optimism for demand this year as lockdowns a...

France says won't ratify Mercosur deal in 'current form'

Feb 04, 2021 (AFP)

The government wants guarantees on the protection of the environment and on health norms from Mercosur's members Argentina, Brazil, Paraguay and Uruguay before ...

After years of restructuring, Siemens has a new CEO

Feb 03, 2021 (AFP)

Joe Kaeser handed the CEO baton to his deputy, Roland Busch at the end of a seven-year tenure marked by slimming down and spinning off assets to refocus as a te...

Consumers boosted electronics spending in pandemic year: survey

Feb 03, 2021 (AFP)

Strategy Analytics said consumer electronics revenues increased seven percent last year to $358.5 billion, with consumers snapping up new gadgets for work, lear...

Sri Lanka scraps Japan-India port deal

Feb 02, 2021 (AFP)

The East Container Terminal in Colombo port is being built next to a controversial $500-million Chinese-run container jetty, and was to be developed as a joint ...

Asian markets mostly rise in respite from recent rout

Feb 01, 2021 (AFP)

Worries about online retail investors' attack on Wall Street short traders was also causing angst on trading floors, with fears they are being forced to sell so...

China factory activity slows slightly on new Covid-19 wave

Jan 31, 2021 (AFP)

The purchasing managers' index (PMI), a key gauge of manufacturing activity, came in at 51.3 this month, as the world's second-largest economy tightened Covid-1...

Hong Kong economy shrank a record 6.1 percent in 2020

Jan 29, 2021 (AFP)

The government on Friday said gross domestic product (GDP) declined three percent in the last quarter of 2020 year-on-year, leading to the record decline over t...

Chinese conglomerate HNA Group faces bankruptcy, restructuring

Jan 29, 2021 (AFP)

The group, which owns one of China's biggest airlines -- Hainan Airlines -- and is China's largest private aviation conglomerate, said in a statement that its c...

Asian markets struggle as traders lick wounds after tough week

Jan 29, 2021 (AFP)

Traders have been licking their wounds after the worst global rout since October, with talk of a correction following a months-long rally that has seen several ...

Biden's Commerce pick Raimondo vows toughness on China

Jan 27, 2021 (AFP)

"Should I be confirmed, I plan to be very aggressive, to help Americans compete against the unfair practices of China," she told lawmakers. Raimondo, the first ...

Asian markets swing as traders mull virus, vaccines and stimulus

Jan 27, 2021 (AFP)

Signs that Joe Biden's much-vaunted stimulus could face a tough ride through Congress were also tempering optimism, while there was increasing talk of a market ...

Yellen makes history again as US Treasury secretary

Jan 26, 2021 (AFP)

After the Senate on Monday voted overwhelmingly to confirm her nomination, Yellen was sworn in Tuesday as Treasury secretary by the nation's first female Vice P...

Taiwan invited to US inauguration for first time since 1979

Jan 21, 2021 (AFP)

Hsiao Bi-khim, Taipei's envoy, posted a video of herself at Wednesday's inauguration saying she was "honoured to represent the people and government of Taiwan h...