TRADE WARS - INDO DAILY

Markets rise as investors eye US stimulus talks, gold hits record

Aug 05, 2020 (AFP)

Still, long-running uncertainty about the global economic outlook caused by the coronavirus pandemic and a weak dollar helped push gold to new records after bre...

Banks snared by Hong Kong sanctions laws as US-China spat spirals

Aug 05, 2020 (AFP)

Lawyers working for the lenders have been busy. Their clients have grown increasingly alarmed by two pieces of legislation that came into effect last month that...

Asian markets track Wall St surge, focus turns to Capitol Hill

Aug 04, 2020 (AFP)

But while there are small signs of a slowdown in infections in key US states, the spread of the virus across the planet and the reintroduction of strict contain...

Asian markets mostly lower as virus forces new lockdowns

Aug 03, 2020 (AFP)

A lack of substantial progress by US lawmakers on a new stimulus package is also frustrating traders, while China-US tensions continued as the White House consi...

HSBC profit slump adds to bank sector virus woes

Aug 03, 2020 (AFP)

HSBC announced earnings of $3.1 billion (2.6 billion euros) compared with almost $10 billion in the first six months of 2019, as spiralling China-US tensions al...

China's young jobseekers struggle despite economic recovery

Aug 02, 2020 (AFP)

Ma, 26, is one of almost nine million people graduating and entering the job market this year at a time of great uncertainty, an issue that has the ruling Commu...

EU-Vietnam trade deal begins Saturday

Jul 31, 2020 (AFP)

The free trade agreement, signed in Hanoi in June last year, will phase out tariff barriers over a decade for Vietnam and over seven years for the EU. European ...

China's factory activity noses up in July as demand grows

Jul 31, 2020 (AFP)

China's closely watched Purchasing Managers' Index (PMI), a key gauge of manufacturing activity, has bounced back after measures to curb the coronavirus caused ...

Asia markets slip as dour US data reinforce worries over virus

Jul 31, 2020 (AFP)

The figures from Washington added to fears about the long-running economic impact of COVID-19 and overshadowed a better-than-forecast read on Chinese factory ac...

Panasonic warns of annual profit dive over virus woes

Jul 30, 2020 (AFP)

The consumer electronics giant, which had delayed an annual forecast because of ongoing uncertainty, now projects a net profit of 100 billion yen ($950 million)...

Asia tracks Wall St rally after dovish Fed but virus tempers gains

Jul 30, 2020 (AFP)

While the central bank did not unveil any new measures and broadly met expectations, analysts said it instilled some much-needed confidence that the Fed had the...

Markets mixed ahead of Fed decision as US lawmakers haggle

Jul 29, 2020 (AFP)

Gold prices held steady after hitting record highs for two straight days, though observers say ongoing uncertainty over the spread of the coronavirus, a weaker ...

China slams EU export curbs on Hong Kong over security law

Jul 29, 2020 (AFP)

The law, which was fast-tracked onto the statute books in June after months of pro-democracy protests in semi-autonomous Hong Kong, threatens life sentences for...

Hong Kong economy reels as tough virus restrictions implemented

Jul 29, 2020 (AFP)

From Wednesday all residents in the densely packed city of 7.5 million must wear masks when they leave their homes while restaurants can only serve takeaway mea...

Gold hits new record, equities up on US stimulus hope

Jul 28, 2020 (AFP)

With worrying new spikes in COVID-19 in Asia and Europe -- on top of the already high new US cases -- forcing governments to impose strict containment measures,...

LVMH reports rebound in China luxury sales

Jul 27, 2020 (AFP)

Sales for the French conglomerate fell 38 percent overall in the second quarter of the year while net profit for the six months to June came in a staggering 84 ...

US shut China's Houston consulate as 'message' to stop spying: official

Jul 24, 2020 (AFP)

"There comes a time when you have to say, enough is enough," said the official, who insisted on anonymity. Beijing has "egregiously abused its free and open acc...

Stock markets retreat as US-China tensions rise

Jul 24, 2020 (AFP)

Lingering worries about the impact on businesses of fresh coronavirus outbreaks helped trigger major profit-taking, overshadowing a batch of bright data in Euro...

Equities mixed as US-China tensions offset stimulus, vaccine hope

Jul 23, 2020 (AFP)

Optimism over the development of a vaccine and a wall of government and central bank cash is providing much-needed support to equities as traders fret over a sp...

EU tax for massive recovery package? We'll see...

Jul 23, 2020 (AFP)

The European Union budget has historically been paid for by direct contributions by member states, with some revenue coming from customs duties and other source...