TRADE WARS - INDO DAILY

Goldman Sachs fined US$350 million in Hong Kong over 1MDB

Oct 22, 2020 (AFP)

Goldman Sachs Asia -- the Hong Kong-based compliance and control hub of the company -- showed "serious lapses and deficiencies in its management supervisory, ri...

Asian markets lifted by stimulus optimism, vaccine hopes

Oct 21, 2020 (AFP)

After months of stuttering talks -- and with a deadline approaching -- Democrats and the White House said they were closing the gap on their proposals, with Hou...

China's super rich got $1.5 trillion richer during pandemic: report

Oct 20, 2020 (AFP)

An extra 257 people also joined the billionaires club in the world's number-two economy by August, following two years of shrinking membership, according to the...

China economy grows 4.9% in Q3, extending virus recovery

Oct 19, 2020 (AFP)

But the world's second-largest economy grew slightly below expectations in the July-September period, National Bureau of Statistics (NBS) data showed, which war...

China's economy to pick up pace in Q3: AFP poll

Oct 17, 2020 (AFP)

Growth in July-September is expected to come in at 5.2 percent when official data is released Monday, bringing the world's second-largest economy closer to last...

The rise of 'zoom towns' in the rural west

Oct 16, 2020 (SPX)

Now, many gateway communities are facing an entirely new problem: a flood of remote workers fleeing big cities to ride out the pandemic, perhaps permanently. Li...

Equity markets mixed as traders weigh lockdowns, stimulus

Oct 16, 2020 (AFP)

Traders were also keeping tabs on developments in Washington as lawmakers struggle to find agreement on a new stimulus for the beleaguered US economy, with a di...

Cotton latest Australian product to be 'targeted' by China

Oct 16, 2020 (AFP)

After measures aimed at the coal, wine, beef and barley sectors -- industry officials said it "had become clear" that "China has recently been discouraging thei...

Asian markets mixed as traders weigh lockdowns, stimulus

Oct 16, 2020 (AFP)

Traders were also keeping tabs on developments in Washington as lawmakers struggle to find agreement on a new stimulus for the beleaguered US economy, with a di...

US targets Hong Kong leader but not banks in sanctions report

Oct 15, 2020 (AFP)

The State Department issued its first report mandated to Congress under the Hong Kong Autonomy Act, a law passed by Congress aimed at making the tightening rest...

French, Dutch push EU to limit US tech giants

Oct 15, 2020 (AFP)

Firms such as these as well as Amazon and Apple have immense power over companies wishing to access consumers using their platforms and concerns have grown abou...

Asian, European stocks sink as virus, stimulus sour mood

Oct 15, 2020 (AFP)

Regional investors tracked another sell-off in New York, where all three main indexes turned negative after Treasury Secretary Steven Mnuchin warned that while ...

China inflation eases further as farms recover from floods, swine fever

Oct 15, 2020 (AFP)

The consumer price index (CPI), a key gauge of retail inflation, rose 1.7 percent last month from a year ago, compared with a 2.4 percent reading in August, acc...

Asian markets drop on virus, vaccine worries

Oct 14, 2020 (AFP)

Analysts said investors had also by now priced in any expectations for Democratic sweep of the White House and Congress in next month's elections that many expe...

Tech, iron ore help drive surprise Chinese import jump

Oct 13, 2020 (AFP)

Shipments into the world's second-largest economy spiked 13.2 percent last month, smashing forecasts of a 0.4 percent increase as companies and consumers dipped...

Asian, European markets drift as vaccine halt dents optimism

Oct 13, 2020 (AFP)

While Wall Street provided a strong lead thanks to a surge in tech stocks, regional traders struggled to take up the baton with sentiment continuing to be kept ...

China 2020 growth forecast almost doubled to 1.9% by IMF

Oct 13, 2020 (AFP)

However, it warned that with other countries and crucial markets still struggling to overcome the pandemic, the road ahead remained bumpy, while a standoff with...

China signs Cambodia trade deal at start of regional charm offensive

Oct 12, 2020 (AFP)

Foreign Minister Wang Yi -- who will also visit Malaysia, Laos and Thailand on a regional charm offensive -- signed a trade deal that will allow Cambodia to exp...

Microsoft to let employees work from home permanently: report

Oct 09, 2020 (AFP)

US tech news website The Verge said most Microsoft employees are still at home as the health crisis drags on, and the company doesn't expect to reopen its US of...

Asian traders cautious on stimulus uncertainty after Trump U-turn

Oct 09, 2020 (AFP)

The flip comes just days after Donald Trump shut negotiations down and as rising virus infections continue to sap confidence. Global markets were jolted after t...