AFP

Stock markets, dollar retreat

European and Asia stock markets mostly fell Monday in jittery holiday trade ahead of a potentially tumultuous 2025 when Donald Trump returns to the White House.With volumes thin, US futures were also pointing lower after losses on Friday that put paid to Wall Street’s usual holiday period “Santa Claus rally”.”We can’t drive major conclusions in …

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New year nerves hit Asian stocks

Asia stocks mostly fell Monday in jittery holiday trade ahead of a potentially tumultuous 2025 when Donald Trump returns to the White House.With volumes thin, US and European equity futures were also pointing lower after losses on Friday that put paid to Wall Street’s usual holiday period “Santa Claus rally”.Tech stocks had led the way, …

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Political turmoil shakes South Korea’s economy

After South Korea’s president and his replacement were both deposed over a failed bid to impose martial law, deepening political turmoil is threatening the country’s currency and shaking confidence in its economy.The won, which plunged Friday to its lowest level against the dollar since 2009, has been in near-constant decline since President Yoon Suk Yeol’s …

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Brazil views labor violations at BYD site as human ‘trafficking’

Authorities in Brazil said Friday they were probing Chinese auto giant BYD and one of its contractors for suspected “trafficking” of Chinese workers who were building a factory in the South American country.Federal prosecutors in Brazil are weighing possible criminal action after labor inspectors found 163 Chinese workers “in slave-like conditions” at the construction site …

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Canadian foreign, finance ministers meet Trump’s team on tariffs

Senior members of Canada’s cabinet held talks Friday with US President-elect Donald Trump’s nominees to lead the departments of commerce and the interior, as Ottawa works to hold off the threat of punishing tariffs. Canada’s newly-appointed Finance Minister Dominic Leblanc and Foreign Minister Melanie Joly met with Howard Lutnick, Trump’s commerce secretary nominee, who will also …

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Tech slump slays Santa rally, weak yen lifts Japan stocks higher

Hopes for a Santa Claus rally on Wall Street fell Friday as tech stocks slid lower, while a weaker yen lifted Japanese equities.US indices slumped to end the holiday week, with the tech-heavy Nasdaq Composite losing 1.5 percent.Shares in Tesla were closed around 5.0 percent lower, while those in AI chipmaker Nvidia shed around 2.0 …

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Montenegro to extradite crypto entrepreneur Do Kwon to US

Montenegro said Friday it will extradite to the United States the South Korean cryptocurrency specialist Do Kwon, who is also wanted by Seoul for the multi-billion-dollar bankruptcy of his company, Terraform Labs.His lawyers denounced the decision as illegal and contrary to European conventions on extradition.For months, Seoul and Washington have been seeking the South Korean’s …

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