AFP

Global stocks were mixed Friday as President Donald Trump’s unpredictable tariff tinkering weighed down sentiment even as Wall Street stocks shot higher following reassuring comments from the head of the Federal Reserve.After a down day in Europe, US stocks looked poised for another rocky round following mixed employment data.Briefing.com analyst Patrick O’Hare said investors were …

Global stocks mixed as Trump shifts on tariffs weighs on sentiment Read More »

Australian casino operator Star Entertainment said Friday it has reached an agreement to sell its stake in a major resort in return for a cash lifeline to stay afloat.Shares in the group, which employs more than 8,000 people, have been suspended from trading since March 3 after it failed to post half-year financial results citing …

Australian casino firm strikes deal to avoid liquidity crunch Read More »

Britain and Japan stressed the importance of free trade in talks in Tokyo on Friday amid an escalating battle of tit-for-tat tariffs between the United States and other countries under President Donald Trump.”It’s crucial that we counter the increasing trade fragmentation that is damaging the global economy, and that we stand up for fair rules-based international …

Japan, Britain stress free trade in Tokyo talks Read More »

Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation last year.Japan said it was granting concessions on a 369.45 billion yen ($2.5 billion) loan under a comprehensive debt treatment plan, which the International Monetary …

Sri Lanka signs $2.5b debt deal with Japan Read More »

China’s retaliatory tariffs against US farm produce from corn to chicken are designed to hurt Donald Trump’s voter base, analysts say, but remain restrained enough to allow room for the adversaries to hash out a trade deal.Since taking office in January, Trump has unleashed a storm of tariffs against friends and foes alike, this week …

China tariffs aimed at Trump fan base, but leave wiggle room Read More »

Indonesia approved local certificates for more than a dozen Apple products on Friday, the industry ministry said, moving the tech giant a step closer to having a ban lifted on iPhone sales in Southeast Asia’s biggest economy.Apple struck a deal with Indonesia last month to invest in the country of 280 million after months of …

Apple step closer to seeing end of Indonesia iPhone sales ban Read More »