world markets

 
 

Yen’s surge is a red flag for world markets

LONDON, Jan 3 — A gradual rise by the Japanese yen in recent weeks culminated in a dramatic overnight surge—firing a warning shot for world markets and the global economy in 2019. Historically, outsized yen gains in short periods, such as the…


Equities markets limp to finish line after volatile week

NEW YORK, Dec 29 ― Global investors gravitated toward safe-haven assets yesterday as worries about the world economy persisted, cutting short a two-day rebound in Wall Street stocks. US stock indexes seesawed, making it difficult to end one of the…


Asian biz confidence wallows near three-year low on trade

SINGAPORE: A very cautious optimism remains among Asian companies in the fourth quarter as they wait to see whether there will be any breakthrough in a trade dispute between the United States and China, a Thomson Reuters/INSEAD survey showed. Representing the six-month outlook of 84 firms, the Thomson Reuters/INSEAD Asian Business Sentiment Index edged up […]


Asian business confidence wallows near 3-year low on trade worries, says poll

SINGAPORE, Dec 19 — A very cautious optimism remains among Asian companies in the fourth quarter as they wait to see whether there will be any breakthrough in a trade dispute between the United States and China, a Thomson Reuters/INSEAD survey…


Iran agrees to Opec oil cut, focus shifts back to Russia

VIENNA, Dec 7 — Iran gave Opec the green light today to reduce oil output by around 0.8 million barrels per day from 2019 after finding a compromise with rival Saudi Arabia over a possible exemption from the cuts, an Opec source said. Tehran has…


KL shares down at mid-day

KUALA LUMPUR, Dec 7 — Bursa Malaysia and some of its regional peers were lower at lunch break as investors continued to watch out for updates on the US-China trade tension, a dealer said. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM…


US wants ‘concrete’ trade action from China within 90 days

WASHINGTON: The United States said it will need to see ‘something concrete’ from China in the next 90 days to build a real agreement on trade, two days after Donald Trump and Xi Jinping called a truce in the escalating confrontation between the two economic powerhouses. Treasury Secretary Steven Mnuchin said on CNBC the US […]


US needs to see ‘something concrete’ from China in 90 days, says Mnuchin

WASHINGTON, Dec 3 — The US will need to see “something concrete” from China on trade in the next 90 days to build a real agreement, Treasury Secretary Steven Mnuchin said today. President Donald Trump and Chinese leader Xi Jinping met in…


US, China agree to trade war ceasefire, more talks

BUENOS AIRES, Dec 2 — US President Donald Trump and China’s Xi Jinping agreed yesterday to suspend any new tariffs in the escalating trade war between the world’s two largest economies, even if huge existing duties will remain in place….


China, US accuse each other of hypocrisy as WTO litigation begins

GENEVA, Nov 22 — The United States and China clashed yesterday at a World Trade Organisation meeting with a US envoy accusing Beijing of using the WTO to pursue “non-market” policies and a Chinese official saying it was Washington that was…