TRADE WARS - INDO DAILY

Stock markets boosted by China hopes, tech rally

Sep 26, 2024 (AFP)

The gains were supported by a tech surge following a strong earnings outlook from US chip giant Micron and as South Korean behemoth SK hynix said it had started...

US, China have forged 'closer' ties despite tariffs: Yellen

Sep 26, 2024 (AFP)

"I do believe it's gotten closer," she told CNBC of the relationship between the world's two biggest economies. "We've found ways to constructively discuss and ...

Van Gogh painting falls short of expectations in Hong Kong auction

Sep 26, 2024 (AFP)

"Les canots amarres" -- or "the moored boats" -- was the centrepiece of an inaugural evening sale held to celebrate the opening of auction house Christie's new ...

Cuts, cash, credit: China's latest bid to jumpstart flagging economy

Sep 25, 2024 (AFP)

The stimulus announced by the central bank come after warnings that more state support was needed to get the world's second-largest economy back on track and hi...

Global stocks mixed after China stimulus as Dow retreats from record

Sep 25, 2024 (AFP)

Shanghai closed up 1.2 percent and Hong Kong advanced 0.7 percent after both markets surged more than four percent Tuesday following a slew of Chinese interest-...

Stocks rally stutters but Hong Kong, Shanghai up on new China move

Sep 25, 2024 (AFP)

However, after a bumper start to the day -- building on Tuesday's rally and following a record performance on Wall Street -- most other markets fell as traders ...

Asian markets boosted again after another Chinese rate cut

Sep 25, 2024 (AFP)

Hong Kong and Shanghai, which surged more than four percent Tuesday, enjoyed another bumper start following a record performance on Wall Street, while gold also...

Stock markets advance on China stimulus

Sep 24, 2024 (AFP)

After a string of weak data that fanned worries about the country's financial health and particularly its property sector, the Chinese central bank said it woul...

China unveils fresh stimulus to boost ailing economy

Sep 24, 2024 (AFP)

The world's second-largest economy has yet to achieve a highly anticipated post-pandemic recovery and the government has set a goal of five percent growth in 20...

China probes US fashion group over 'unreasonable' Xinjiang boycott

Sep 24, 2024 (AFP)

The commerce ministry said PVH was suspected of "unreasonably boycotting Xinjiang cotton and other products ... without a factual basis, seriously damaging the ...

EU launches WTO challenge against China dairy probe

Sep 23, 2024 (AFP)

Beijing announced its probe in August after the European Union unveiled a plan to hit Chinese electric vehicles with hefty tariffs. "Today, the (European) Commi...

Markets rally despite China's youth unemployment soaring to 18.8 percent

Sep 21, 2024 (AFP)

The unemployment rate among 16- to 24-year-olds not in education rose from 17.1 percent in July, according to figures released by the National Bureau of Statist...

Christie's expands Hong Kong footprint in hope of art market 'pickup'

Sep 20, 2024 (AFP)

Christie's is the third major auction house in recent years to expand their footprint in the Chinese finance hub in a bid to woo younger Asian buyers, following...

Asian markets track Wall Street record to extend global rally

Sep 20, 2024 (AFP)

Traders have been put in a bullish mood by the Federal Reserve's decision to go big on its first reduction since the start of the Covid pandemic -- opting for 5...

Equity markets rally after jumbo US rate cut

Sep 19, 2024 (AFP)

After a keenly awaited meeting, the US central bank decided to lower borrowing costs for the first time since the start of the pandemic by opting for a half-poi...

Cash-strapped Sri Lanka eyes China development

Sep 18, 2024 (AFP)

The strategically located Indian Ocean country suffered its worst financial meltdown in 2022, when it ran out of dollars to import essentials, sparking street p...

Asian markets fluctuate on uncertainty over Fed rate plan

Sep 18, 2024 (AFP)

While the US central bank is widely expected to cut borrowing costs for the first time since the start of the pandemic, the big question is whether officials wi...

Markets fluctuate ahead of Fed as China woes dent sentiment

Sep 16, 2024 (AFP)

The yen strengthened to less than 140 to the dollar for the first time since mid-2023 ahead of the Federal Reserve decision on Wednesday -- and a policy meeting...

Yen strengthens to less than 140 per dollar ahead of Fed decision

Sep 16, 2024 (AFP)

The Japanese unit hit 139.96 to the greenback, its strongest level since July 2023, as traders assess the US central bank's plans for rates, with debate centrin...

Amazon orders workers back to office full-time

Sep 16, 2024 (AFP)

Like many tech giants, Amazon had allowed workers to stay at home during the Covid-19 pandemic and has struggled to get them to come back into the office full-t...