TRADE WARS - ROBO DAILY

Stock markets drift lower as traders prepare for big week

Jul 25, 2022 (AFP)

While the US central bank is widely expected to hike borrowing costs by 75 basis points, traders will be poring over policymakers' views on the outlook for the ...

UK PM rivals spar over tax, China in first head-to-head TV debate

Jul 25, 2022 (AFP)

The primetime debate kicked off a crucial 12-day period featuring three such live TV duels and four husting events in front of Conservative party members who wi...

Why is the world worried about China's property crisis?

Jul 24, 2022 (AFP)

The boycott came with many developers struggling to manage mountains of debt, and fears swirling that the crisis could spread to the rest of the Chinese -- and ...

Stocks mixed as traders eye weak data, euro drops

Jul 22, 2022 (AFP)

The euro gave back most of the gains enjoyed after the European Central Bank ramped up borrowing costs more than forecast, with energy concerns and Italian poli...

Euro up as Russia gas returns, equities struggle ahead of ECB decision

Jul 21, 2022 (AFP)

The news helped Asian markets, which recovered from an early sell-off to end mixed following news that the Nord Stream 1 pipeline's taps had been switched back ...

Asian markets fail to extend rally, focus turns to Europe

Jul 21, 2022 (AFP)

While data last week suggested US consumer resilience appeared to be holding up despite surging inflation and rising interest rates, a closely watched oil stock...

Uruguay says pursuing China trade deal with or without Mercosur partners

Jul 21, 2022 (AFP)

As Argentina appealed for a common front at a Mercosur summit in Paraguay, Uruguay's President Luis Lacalle Pou stood his ground, announcing that delegations fr...

HSBC's China investment bank adds Communist Party committee: FT

Jul 21, 2022 (AFP)

HSBC Qianhai Securities installed a CCP committee after HSBC's stake in the joint venture increased from 51 to 90 percent, the FT said, citing two people famili...

Stock markets rally on tech bounce, earnings hope

Jul 20, 2022 (AFP)

Markets also reacted positively to a report saying China will fine ride-hailing giant Didi $1 billion but bring an end to its year-long probe, reinforcing optim...

CIA chief says chaos-hit Sri Lanka made 'dumb bets' on China

Jul 20, 2022 (AFP)

"The Chinese have a lot of weight to throw around and they can make a very appealing case for their investments," Burns said at the Aspen Security Forum. But na...

Manolo Blahnik wins decades-long legal battle in China

Jul 19, 2022 (AFP)

The dispute started when a competitor started calling itself "Manolo & Blahnik" in 1999, a move approved by the Chinese authorities a year later. The British co...

Asian markets drop as Apple report fans economic worries

Jul 19, 2022 (AFP)

The drop across most markets in Asia also came as oil held a Monday surge caused by fading expectations that Joe Biden had convinced Saudi Arabia to pump more t...

Asian markets track Wall St higher on easing recession fears

Jul 18, 2022 (AFP)

Speculation that Saudi Arabia will lift oil production after Joe Biden's visit last week also provided some relief as crude prices -- a key driver of inflation ...

China urges banks to back property after boycotts; China banks to repay more customers

Jul 18, 2022 (AFP)

Furious at postponed deliveries of pre-sold homes, unclear delivery times and halted construction, homebuyers were last week reported to have halted payments fo...

China banks vow to repay more customers after protests

Jul 18, 2022 (AFP)

China's rural banking sector has been hit hard by Beijing's efforts to rein in a property bubble and spiralling debt, in a financial crackdown that rattled the ...

Luxury giant Richemont says sales up despite China dip

Jul 15, 2022 (AFP)

Global sales in the period April to June topped 5.2 billion euros (dollars), the group said in a statement, even as China rolled out fresh lockdowns in a bid to...

Asian stocks mixed as recession fears grow, China data disappoints

Jul 15, 2022 (AFP)

Below-par earnings from Wall Street titans JP Morgan and Morgan Stanley compounded worries that companies' bottom lines would be hit by the economic fallout fro...

China growth falls to two-year low on Covid, property woes

Jul 15, 2022 (AFP)

Beijing has dug its heels in on a zero-Covid policy of stamping out virus clusters with snap lockdowns and long quarantines, but this has battered businesses an...

Asian markets swing as US inflation spikes see rate hike bets soar

Jul 14, 2022 (AFP)

The keenly awaited consumer price index came in at a blistering 9.1 percent in June, the highest since November 1981, as energy costs continued to rocket on the...

Chinese homebuyers halt mortgage payments on unfinished projects

Jul 14, 2022 (AFP)

Authorities launched a crackdown on excessive debt in the property sector in 2020, and giants such as Evergrande and Sunac have since struggled to make payments...