TAIPEI Taiwan’s President Tsai Ing-wen called on China to change its thinking and extend goodwill in its relationship with the self-ruled island, according to an interview published on Wednesday by a newspaper considered close to her main opposition. Beijing, which claims Taiwan as its own, cut official communication channels with Taipei soon after Tsai took power in May last year to pressure her and her party into […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks followed global indexes higher on Wednesday, as strong earnings and manufacturing data boosted risk appetite, while expectations that the Federal Reserve will signal a June rate increase later in the session lifted the dollar. Oil prices pulled higher after a sharp fall on Tuesday on technical selling in a market already worried about oversupply and following a rise in […]
By Brenda Goh and Andrew R.C. Marshall | KHON PI LONG, Thailand KHON PI LONG, Thailand China’s plan to blast open more of the Mekong River for bigger cargo ships could founder on a remote outcrop of half-submerged rocks that Thai protesters have vowed to protect against Beijing’s economic expansion in Southeast Asia. Dynamiting the Pi Long rapids and other sections of the Mekong between Thailand and […]
By Anya George Tharakan and Stephen Nellis Apple Inc (AAPL.O) reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company’s most important product later this year. Shares of the world’s most valuable listed company were down 2.1 percent at $144.37 in after-hours trading. Under pressure from shareholders […]
Inquirer.net 3 OF 5 Filipinos don’t trust China, Russia, says Pulse Asia surveyInquirer.nettrust-rating-0503 Three of five Filipinos are distrustful of China and Russia while 80 percent trust the United Nations, the latest Pulse Asia survey showed. The nationwide poll, taken from March 15 to 20 with 1,200 adult respondents, found that 63 …Duterte puts back the Asia into the PhilippinesManila BulletinDistrust remains toward China, Russia — surveyBusinessWorld […]
May 2, 2017 by: Najmeh Bozorgmehr in Tehran Iran’s hardliners are committed to the nuclear deal with world powers even as they use the accord to attack President Hassan Rouhani ahead of elections this month, a senior hardline politician said. The agreement was a “done deal” and there would be no attempts to sabotage it, said Alireza Zakani, a senior figure in the hardliners’ camp and a […]
By Wa Lone and Simon Lewis | YANGON YANGON Myanmar leader Aung San Suu Kyi has declined an invitation to meet U.S. Secretary of State Rex Tillerson in Washington this week alongside top diplomats from Southeast Asia, citing other commitments, Myanmar officials said on Tuesday. Nobel laureate Suu Kyi – who serves as Myanmar’s foreign minister while also being de facto head of its civilian government – […]
BEIJING China has conditionally approved the proposed merger between the Dow Chemical Co and Dupont, the country’s Commerce Ministry said on Tuesday. The merger was approved by EU antitrust regulators in March on the condition the companies divest assets and research and development facilities. Regulators in the United States, Brazil, Australia and Canada are yet to clear the deal. [nL4N1HZ4KT] (Reporting by Beijing Monitoring Desk; Editing by […]
Tuesday 06:00 BST Overview Stocks across Asia were mixed on Tuesday as investors grappled with Wall Street’s lowest level of volatility since before the financial crisis amid a holiday-interrupted week. European bourses are expected to open higher, with spreadbetters predicting the UK’s FTSE 100 will climb 26 points to 7,230 and Germany’s Dax to gain 22 points to 12,460. US index futures suggest the S&P 500 will […]
May 2, 2017 by: Katrina Manson in New York President Donald Trump said on Monday that he would be “honoured” to meet North Korean leader Kim Jong Un under the right circumstances, despite historic levels of mistrust and tension between the world’s superpower and the rogue state over its nuclear ambitions. Mr Trump’s comments contrast with his hardline stance on Pyongyang and Friday’s call from Rex Tillerson, […]
By Ayesha Rascoe and Soyoung Kim | WASHINGTON/SEOUL WASHINGTON/SEOUL U.S. President Donald Trump on Monday opened the door to meeting North Korea’s Kim Jong Un, saying he would be honoured to meet the young leader under the right circumstances, even as Pyongyang suggested it would continue its nuclear weapons tests. “If it would be appropriate for me to meet with him, I would absolutely, I would be […]
US stock markets climbed higher on Monday, as bipartisan agreement over a US budget deal overpowered weak manufacturing data in the US and China, with European markets closed for the May bank holiday. The benchmark S&P 500 climbed 0.3 per cent by midday in New York on news of the budget deal, shrugging off an initial tumble when data from the Institute for Supply Management showed America’s […]
Your daily guide to community and cultural activities across the Emirates for May 2, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Fitness event Register […]
The Panama Papers investigation into the offshore secrets of the rich and famous has been awarded a prestigious Pulitzer prize. The prize was given to the Washington-based International Consortium of Investigative Journalists (ICIJ), together with two US titles, McClatchy and the Miami Herald. The judges cited a series of stories from the Panama Papers and the “collaboration of more than 300 reporters on six continents to expose […]
Between Thumbtack, Yelp Angie’s List, and Amazon, it wouldn’t appear that the world needs a new platform that matches customers with service professionals. That’s not the way that Julio Vasconcellos sees it, clearly. Vasconcellos has spent the last year-plus working on a services platform called Prefer that relies exclusively on trusted referrals, replacing the wisdom of crowds with the wisdom of one’s friends when it comes to hiring a babysitter or accountant or housekeeper. In […]
Authored by Mark Melin via ValueWalk.com, Bullish on oil, Andurand Commodity Fund Manager Pierre Andurand looks around the world for justification of his long exposure. Since the start of 2017, patience has been emphasized by the famous French oil trader, perhaps best known for his previous BlueGold Global Fund management, who is now struggling with an -11.6% loss year to date as of March and is in the […]
WASHINGTON U.S. Commerce Secretary Wilbur Ross said on Monday that President Donald Trump does not intend to trade away U.S. jobs for China’s help on North Korea, adding that there are “constructive” talks with Beijing underway on trade issues. In an interview with CNBC, Ross rowed back from Trump’s comments in a CBS interview on Saturday that China’s help on North Korea “trumps trade.” Asked if the […]
By Martin Petty and Manuel Mogato | MANILA MANILA Across Asia, more and more countries are being pulled into Beijing’s orbit, with the timid stance adopted by Southeast Asian nations on the South China Sea at a weekend summit a clear sign this fundamental geostrategic shift is gathering momentum. U.S. President Donald Trump’s flurry of calls at the weekend to the leaders of the Philippines, Thailand and […]
Besides the upcoming FOMC meeting on May 2-3, and French & Italian politics – the decisive runoff round of the French election takes place this Sunday – this week’s releases are dominated by US payrolls expected to come around 170k. The busy release calendar continues with Norges bank and RBA meetings as well as global manufacturing PMIs. The market’s focus during the week of 5/1 will begin […]
When North Korea deployed hundreds of artillery units, submarines and soldiers to take part in its largest live-fire drill, it was intended as a chilling display of the reclusive regime’s military might. The country boasts the world’s fourth-largest standing army, with more than 1m troops as well as 7m reserves, and last week’s military exercise came as US President Donald Trump ramped up the pressure on Pyongyang […]
President Donald Trump was a distracting entertainment from the moment he launched his campaign in June of 2015 — until he wasn’t. His opening speech, in which he called Mexican immigrants “rapists” and told the world he would be the best jobs president “God ever created,” was looked at as the ravings of a man whose outsized ego was too big to be anything but hilarious. News […]
SGX, the Singapore Exchange, is looking to further boost its Chinese derivatives business by offering to collaborate with a planned new local futures venture backed by the founders of one of China’s largest hedge funds. Loh Boon Chye, the bourse’s chief executive, told the Financial Times he was willing to open its clearing infrastructure to the challenger, called Apex, so it could conduct futures trading in the […]
By Shinichi Saoshiro | TOKYO TOKYO Asian stocks struggled for traction on Monday after weaker-than-expected U.S. economic growth data, while the dollar dropped against the yen amid tensions over North Korea and slipped versus the euro on evidence of strong euro zone inflation. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS inched up 0.1 percent and Japan’s Nikkei .N225 added 0.1 percent. Many markets in Asia […]
Mexico is urging Donald Trump to reuse agreements reached under the aborted Trans-Pacific Partnership to create a manufacturing powerhouse between the US, Mexico and Canada to compete with low-cost producers in China. Ildefonso Guajardo, Mexico’s economy minister, said in an interview with the Financial Times that elements of TPP could be used to renegotiate the North American Free Trade Agreement between the three countries. His comments came […]
