TRADE WARS - SATURN DAILY

Markets mostly rise at start of new year, but worries persist

Jan 03, 2023 (AFP)

While 2022 was painful for investors, there is a fear that the next 12 months could be worse, with the head of the International Monetary Fund warning a third o...

China's manufacturing activity drops despite lifted Covid restrictions

Dec 31, 2022 (AFP)

The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing in the world's second-biggest economy -- came in at 47 points, down from November's 48 and ...

Asia-Pacific stocks track higher

Dec 30, 2022 (AFP)

Data on Thursday showed US jobless claims for the week ending December 24 rose more than expected, signalling some cooling in the economy. That boosted hopes am...

Swiss keep borders open for arrivals from China

Dec 30, 2022 (AFP)

Switzerland's neighbours France and Italy require a negative Covid test for all visitors from mainland China, in a bid to avoid importing new variants from the ...

Asian stocks down as Covid surge in China spooks investors

Dec 29, 2022 (AFP)

Investors had cheered the easing of China's strict zero-Covid controls -- which had hammered the world's second-largest economy -- but are now worried about the...

Tech billionaires see wealth shrink amid 2022 stock crunch

Dec 29, 2022 (AFP)

Here are some of the worst hit by this year's tech stock downturn. - Elon Musk - After becoming the world's richest person in 2021, the Tesla and SpaceX boss sa...

Asian markets fall as China reopening spurs inflation fears

Dec 28, 2022 (AFP)

China has abruptly reversed tight pandemic restrictions that kept the world's second-largest economy isolated for the past three years. On Monday, Beijing annou...

World economy faces more pain in 2023 after a gloomy year

Dec 28, 2022 (AFP)

Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It was a "polycrisis" year, a term popularised by historian Adam Tooze. Ge...

Japan to require Covid test on arrival for China travellers

Dec 27, 2022 (AFP)

Tokyo has eased its restrictions on tourists in recent months and the move means travellers from China will be the only visitors required to take Covid-19 tests...

Asian markets up after China ends travel quarantine

Dec 27, 2022 (AFP)

China had abruptly reversed its strict pandemic restrictions even as a surge in infections began overtaking the country. The curbs had torpedoed the economy and...

Hong Kong eyes reopening border with China by mid-January: leader

Dec 24, 2022 (AFP)

The border has been effectively shut for nearly three years while China enforced a zero-Covid strategy of snap lockdowns, travel restrictions and mass testing t...

UK outlines US green subsidy opposition in letter: media

Dec 23, 2022 (AFP)

The Financial Times (FT) and The Times newspapers cited the letter by UK Trade Secretary Kemi Badenoch to US counterpart Katherine Tai that hit out at the clima...

Asian markets track Wall St down as recession worries return

Dec 23, 2022 (AFP)

A glum warning from top chipmaker Micron and worries about China's surging Covid cases added to the less-than-Christmassy mood on trading floors. Investors have...

US ban on 'Made in Hong Kong' label breaches trade rules: WTO

Dec 22, 2022 (AFP)

The WTO ruling addressed a decision under former president Donald Trump's administration after Beijing imposed a sweeping security law on the financial hub in 2...

Asian markets enjoy some much-needed festive cheer

Dec 22, 2022 (AFP)

With dust settling after the Bank of Japan's surprise shift from ultra-loose monetary policy, investors embarked on a mini Santa rally ahead of the Christmas br...

Yen holds gains, markets mixed after Bank of Japan move

Dec 21, 2022 (AFP)

The move to allow yields on certain government bonds to move in a wider band was seen as a precursor to a possible interest rate hike next year, finally bringin...

Asian markets mostly down on worries over rate hikes, inflation

Dec 20, 2022 (AFP)

Sentiment was also being weighed down by a spike in Covid infections in China as officials roll back many of the strict containment measures that have been in p...

World Bank slashes China growth forecasts on Covid woes, property crisis

Dec 20, 2022 (AFP)

In a statement, the institution slashed its forecast to 2.7 percent from 4.3 percent predicted in June. It also revised its forecast for next year from 5.2 perc...

Asian markets track US losses on recession worries

Dec 19, 2022 (AFP)

Equities took a turn south last week after monetary policymakers around the world signalled that while price rises appeared to be stabilising, more work would b...

Hong Kong plans to regulate crowdfunding

Dec 19, 2022 (AFP)

Online crowdfunding was popular among the city's democracy supporters to pay legal and medical costs for those arrested during huge and often violent protests i...