TRADE WARS - INDO DAILY

Starbucks competitor Luckin apologises for fraud scandal

Apr 05, 2020 (AFP)

The company's former chief operating officer, Liu Jian, and several of his staff have been suspended pending an internal investigation, it said in a US Securiti...

G77, China demand end to sanctions in pandemic

Apr 03, 2020 (AFP)

In a statement implicitly aimed at the United States, which has tough sanctions against Iran and Venezuela, the coalition of developing nations said the applica...

Falling China imports fuel US trade deficit decrease

Apr 02, 2020 (AFP)

The Commerce Department report on imports and exports was compiled before the worst of the virus's economic disruptions hit the United States, where many busine...

Asian stocks suffer sell-off as virus uncertainty casts shadow

Apr 01, 2020 (AFP)

With the number of infected and dead still surging in Europe and the United States, hopes are fading that strict containment measures keeping billions of people...

HSBC and Standard Chartered shares dive after dividends scrapped

Apr 01, 2020 (AFP)

The announcements came after Britain's Prudential Regulation Authority (PRA) wrote to lenders to ask them to cancel payments of any outstanding dividends to sec...

China puts $140 bln towards supporting SMEs

Mar 31, 2020 (AFP)

A State Council meeting presided over by Premier Li Keqiang said authorities would guide smaller banks to lend all the funds they receive to small- and medium-s...

World Bank warns China growth could screech to a halt

Mar 31, 2020 (AFP)

The pandemic is causing "an unprecedented global shock, which could bring growth to a halt and could increase poverty across the region," said Aaditya Mattoo, W...

China's factory activity rebounds but threat from virus looms

Mar 31, 2020 (AFP)

China is slowly returning to life after months of tough restrictions aimed at containing the deadly COVID-19, which put millions of people into virtual house ar...

EU members won't agree to pooled debt, Gentiloni warns

Mar 30, 2020 (AFP)

One way to finance the massive effort needed to shore up Europe's economy during the crisis "is to issue bonds, but not generically to mutualise the debt, which...

China virus epicentre eases travel restrictions after lockdown

Mar 30, 2020 (AFP)

Wuhan was placed under lockdown in January with residents forbidden to leave, roadblocks ring-fencing the city's outskirts and drastic restrictions on daily lif...

Trump signs $2 trillion recovery plan as US virus cases skyrocket

Mar 28, 2020 (AFP)

Trump's signature brings an end to a dramatic, weeklong legislative saga on Capitol Hill and triggers the distribution of millions of relief checks of up to $3,...

Asian markets mostly up, dollar sinks on stimulus pledges

Mar 27, 2020 (AFP)

Despite the painful toll the disease is inflicting on lives and economies, markets are on course to end the week with healthy gains following a barrage of stimu...

Singapore GDP contracts sharply, in warning for virus-hit global economy

Mar 26, 2020 (AFP)

The finance minister meanwhile announced Sg$48 billion (US$33 billion) in fresh stimulus, taking to about Sg$55 billion the amount so far pledged by the governm...

China's Xi calls for tariff cuts at G20 virus talks

Mar 26, 2020 (AFP)

"Xi urged G20 members to cut tariffs, remove barriers and facilitate the unfettered flow of trade" during his remarks at the emergency online summit, the offici...

Hubei lifts restrictions as China reports no new virus cases

Mar 25, 2020 (AFP)

But there were another 47 imported infections from overseas, the National Health Commission said, as the number of cases brought into the country continued to s...

Asia equities rally as US agrees blockbuster stimulus package

Mar 25, 2020 (AFP)

While the deadly disease continues to spread, traders have a rare semblance of optimism after weeks of carnage across global markets, with eyes fixed on Washing...

China to lift travel curbs on Hubei province, including Wuhan

Mar 24, 2020 (AFP)

But fears rose over a second wave of infections in the country fuelled by people arriving from overseas. After two months living with draconian curbs on daily l...

Nike says China is coming back as online growth cushions virus blow

Mar 24, 2020 (AFP)

"Traffic is back," Nike Chief Executive John Donahoe said of the dynamic in China that is also beginning to play out in Japan and South Korea, two other countri...

Stone-age 'likes': Study establishes eggshell beads exchanged over 30,000 years

Mar 23, 2020 (SPX)

A member of a hunter-gatherer group living in southern Africa's Karoo Desert finds the egg. She eats it, and cracks the shell into dozens of pieces. Drilling a ...

Private, online and hi-tech: the coronavirus economy

Mar 22, 2020 (AFP)

As hundreds of millions of people worldwide are forced to stay in their homes and not travel abroad, the businesses that are helping them to adapt could lead to...