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Current economic conditions around the world provide a good foundation for growth. But unprecedented levels of market uncertainty mean that organizations have to be ready to change strategy faster than ever before. Growth around the world In the US, President Donald Trump has inherited an economy with strong fundamentals: low inflation, and the lowest unemployment rate since 2007. He has promised a pro-business economic agenda with lower […]

BEIJING A blast at a refinery in China’s northern city of Songyuan killed three maintenance workers, the municipal government of Songyuan said. A tank exploded at the Songyuan Petroleum and Chemical Corp’s gasoline hydrotreating unit on Friday morning, the government said in statement on its website. It was not immediately known if the unit with 400,000 tonnes capacity was shut after the accident. (Reporting by Meng Meng […]

The Australian government has announced the signing of a treaty-level Science, Research, and Innovation Cooperation Agreement with the New Zealand government. As part of the agreement, Australia and New Zealand will work together to tackle chronic disease, advance general health care, and improve the accuracy and availability of GPS signals, said recently appointed Minister for Industry, Innovation and Science, Senator Arthur Sinodinos. “This is the first treaty […]

There was predictable consternation in Beijing and among foreign policy experts in Washington. They fretted that Mr. Trump was recklessly undoing the landmark China diplomacy of Richard M. Nixon and Mao Zedong — fears that were misplaced, it turned out. Continue reading the main story Last week, Mr. Trump telephoned President Xi Jinping and promised to abide by “one China,” having discovered that Mr. Xi was not […]

Friday 04.40 GMT Overview Market volatility dissipated in Asia trade on Friday as the dollar’s downward momentum eased and US Treasuries steadied, but equities in the region were led lower by heavyweights including Toshiba and Samsung. Hot topic Shares in Japan’s Toshiba dropped as much as 12.2 per cent, bringing the company’s market capitalisation nearly 25 per cent lower for the week with a cumulative loss of […]

SHANGHAI A court in Shanghai jailed a man for eight years on Friday after he set off an explosive device last year at the city’s Pudong International Airport, injuring at least three travellers and delaying flights. In a brief statement, the court said that Zhou Xingbo set off the device because his “life was not smooth” and so he took extreme measures to “vent his spleen”, injuring […]

SHANGHAI China’s Juneyao Airlines (603885.SS) has finalised a $1.32 billion order for five Boeing (BA.N) 787-9 dreamliners, part of a plan for new routes to North America, Europe and Australia over the next four years. The order represents the airline’s first Boeing order and its first for widebody aircraft, the companies said in a statement issued late on Thursday. Juneyao said last month was planning on five […]

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For a coking coal industry that enjoyed bumper profits last year off the back of a price rally that made it 2016’s best performing big commodity, Teck Resources’s chief executive summed up the industry’s uneasy reliance on policymakers in Beijing. “I think on Chinese policy, we could go around the table and everyone would have a different opinion on that one,” Don Lindsay told analysts after reporting […]

The Premier League’s most high-profile referee Mark Clattenburg is quitting to take up a position in Saudi Arabia, the Professional Game Match Officials Limited (PGMOL) said on Thursday. “The PGMOL would like to wish Mark Clattenburg well as he prepares for his move to the Saudi Arabian Football Federation,” it said in a statement. British media reported that Clattenburg will replace Howard Webb, another former Premier League […]

Ten years ago Vladimir Putin angrily declared that the post-cold war order was a sham. Standing before the western military and diplomatic establishment at the Munich Security Conference, the Russian president accused the US of plunging the world into chaos by warmongering, meddling in other countries’ affairs and disregarding international law. For many, it marked the moment that Mr Putin became an adversary. Now, as foreign policy […]

It is not just equities that are rebounding this month. The dollar is up almost 2 per cent against a basket of its peers as it resumes an upward path that most in the foreign exchange market believe is the natural consequence of the economic policies Donald Trump has vowed to deliver. Given the US president has suggested he prefers a weaker dollar, its fresh strength has […]

BEIJING The rate at which human cases of bird flu are being reported in China is declining, health authorities said on Thursday, vowing to stiffen controls on markets and transport of live poultry to battle the spread of the virus. Eight new human infections of the H7N9 avian flu were reported between Feb. 12 and Feb. 14, indicating the rate of new cases had clearly declined compared […]

Last month Beijing’s ambassador in Pyongyang held a Chinese new year reception for more than 70 senior North Korean officials. According to Chinese news reports, the ambassador’s guests lauded “the blood alliance and friendship between both countries”. On Sunday, just three weeks later, Kim Jong Un would severely test the patience of his Chinese “friends” with a ballistic missile test. Then came the murder in Malaysia on […]

Mr. Trump’s position on a two-state solution discarded a policy that has underpinned America’s role in Middle East peacemaking since the Clinton administration and raised a host of thorny questions. Continue reading the main story The Palestinians are highly unlikely to accept anything short of a sovereign state, and a single Israeli state encompassing the Palestinians would either leave them as second-class citizens or would no longer […]

China ended a six-month streak disposing of its US Treasury holdings in December, adding to its position for the first time since last May as the country’s central bank seeks to manage capital flight. The country, which ceded its status as the world’s largest owner of haven Treasuries in October to Japan, added $9.1bn of US sovereign debt to its reserves in the final month of 2016, […]

Joo Kim Tiah, the son of one of Malaysia’s wealthiest tycoons, sat on stage in the summer of 2013 as his new business partner announced their plans for a C$360m luxury condominium-hotel project on Vancouver’s most prestigious downtown thoroughfare. With characteristic salesmanship, Donald Trump bragged that the 63-storey glass tower on West Georgia Street would be “one of the great buildings, not only in Canada and the […]

The reflation trade is back, in earnest. On Wednesday, all-world stock indices traded at all-time highs for the first time since spring 2015. US 10-year bond yields rose back to 2.5 per cent. Bank stocks rallied, with Goldman Sachs at an all-time high for the first time in a decade. So did tech stocks — Apple is back at a record. All of this after a hawkish […]

Kim Jong Un’s brother, who was killed in Malaysia on Monday, begged the North Korean leader to spare his life after escaping an earlier assassination attempt, the head of South Korean intelligence said on Wednesday. Kim Jong Nam wrote to the supreme leader in 2012 to ask him to spare his life and those of his family, Lee Byung-ho, director of the National Intelligence Service, told lawmakers […]

After a day of chaotic communication, a stock sell-off and a $6.3bn writedown that may destroy one of Japan’s greatest industrial names, the Toshiba president’s bow of apology finally came. Satoshi Tsunakawa’s head nodded for just one perfunctory second on Tuesday. Most assume there will be much deeper, longer bows to come as Toshiba leads investors, customers, employees and Japan as a whole through the country’s first […]

BEIJING A court in southeastern China on Wednesday sentenced the former Communist Party boss of the northern province of Hebei to 15 years in jail after finding him guilty of corruption, the latest senior official jailed in a sweeping crackdown on graft. Zhou Benshun was the top official of Hebei province, which surrounds Beijing and is China’s most important steel producer. He had earlier worked with one-time […]

By Manolo Serapio Jr | SANTA CRUZ, Philippines SANTA CRUZ, Philippines His brother kept telling him that the mine would reopen and he would be hired again: but when Winston Ordonez didn’t get a call from a mining firm, he took a laptop charger cable, tied it around his neck and hanged himself in his kitchen. Ordonez worked at the nickel mine operated by Eramen Minerals Inc […]

The reaction to a strike at the world’s largest copper mine underlines the sharp reversal in fortune in one of the world’s key metals over the past four months. Copper has jumped 5 per cent in the past two days to a two-year high after a strike at the Escondida mine in Chile raised supply fears about a market that has been starved of investment. The dispute […]

By Lucia Mutikani | WASHINGTON WASHINGTON U.S. producer prices recorded their largest gain in more than four years in January amid increases in the cost of energy products, but a strong dollar continued to keep underlying inflation at the factory gate tame. Rising raw material costs are boosting producer prices across the globe, notably in China, which is the biggest source of U.S. imports. But economists still […]

Fed Chair Yellen will be appearing before Congress deliver her semi-annual monetary policy testimony (sometimes called the “Humphrey-Hawkins” testimony) today. Her prepared remarks are expected to sound similar to her most recent speech, noting that the labor market has tightened and wage pressures are increasing modestly. As BofA details, she will likely note that the Fed is making progress toward its mandate of full employment and price […]

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