TRADE WARS - SINO DAILY

Markets track US rally, eyes on China's Taiwan drills

Aug 04, 2022 (AFP)

Oil extended the previous day's sell-off, that came on the back of fresh signs of weakening demand in the United States. That followed major producers announcin...

Most Asian markets rise but Taiwan fears keep confidence in check

Aug 03, 2022 (AFP)

The highest profile trip to the island in 25 years by a US politician was met with condemnation from Beijing, which warned of serious economic and military cons...

Hong Kong economy tips into technical recession

Aug 01, 2022 (AFP)

Following a year-on-year decrease of 3.9 percent in the first quarter of 2022, the city's GDP again reported decline in the second quarter on Monday -- but with...

HSBC H1 pre-tax profit falls, dismisses calls for split

Aug 01, 2022 (AFP)

Pre-tax earnings sank 15 percent to US$9.2 billion after it took a $1.1-billion hit on possible credit losses "to reflect heightened economic uncertainty and in...

China's July factory activity weakens on soft demand

Jul 31, 2022 (AFP)

The Purchasing Managers' Index (PMI), a key gauge of manufacturing activity in the world's second-biggest economy, came in at 49.0 in July, down from 50.2 June ...

Macau to open bidding for six casino licences

Jul 28, 2022 (AFP)

The former Portuguese colony is the only territory in China where casinos are permitted, and issues just six operating concessions for a multibillion-dollar ind...

Asia's richest woman loses half her wealth in China property crisis

Jul 28, 2022 (AFP)

Yang Huiyan, a majority shareholder in Chinese property giant Country Garden, saw her net worth plunge by more than 52 percent to $11.3 billion from $23.7 billi...

Estonia blocks Russian student visas

Jul 28, 2022 (AFP)

"The continuation of sanctions against Russia is essential to ensuring relentless pressure on the country," Foreign Minister Urmas Reinsalu said in a statement....

China's industry minister faces corruption probe

Jul 28, 2022 (AFP)

Xiao Yaqing is among the biggest names caught up in President Xi Jinping's anti-corruption drive, and the investigation into him comes ahead of a key leadership...

Biden, Xi agree to hold face-to-face summit

Jul 28, 2022 (AFP)

Although this was their fifth phone or video call since Biden took office a year and a half ago, the summit would be their first in-person meeting as leaders. N...

Most markets rise as traders prepare for Fed meeting

Jul 27, 2022 (AFP)

The reports from Wall Street titans including Microsoft and Alphabet helped soothe anxiety ahead of an expected Federal Reserve interest rate hike. The day star...

Truss joins UK Conservative rival in vowing tough line on China

Jul 27, 2022 (AFP)

Foreign Secretary Truss marked the opening Thursday of the Commonwealth Games, in the English city of Birmingham, by saying the club of former UK colonies was a...

Most Asian markets down as Fed prepares latest hike

Jul 27, 2022 (AFP)

The selling followed a steep drop on Wall Street fuelled by concerns that four-decade high inflation and rising borrowing costs were keeping Americans from spen...

Biden undecided on China tariffs ahead of Xi call: W.House

Jul 26, 2022 (AFP)

John Kirby, spokesman for the National Security Council, said the administration believes the tariffs imposed during a trade war under former president Donald T...

Asian traders cautious ahead of results, Alibaba lifts Hong Kong

Jul 26, 2022 (AFP)

A shock cut in US retail titan Walmart's profit outlook poured fuel on concerns that surging inflation and rising borrowing costs are hammering consumer spendin...

China sales drop darkens Adidas outlook

Jul 26, 2022 (AFP)

The Nike rival now sees net profit for the year coming in at 1.3 billion euros ($1.3 billion) compared to its earlier forecast of between 1.8 and 1.9 billion eu...

Croatia opens bridge around Bosnia to get to Dubrovnik

Jul 26, 2022 (AFP)

The 2.4-kilometre (1.5-mile) span reaches out from the Croatian mainland to the Peljesac peninsula that connects with the southern part of Croatia's coastline n...

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 ...