AFP

Stocks struggled in Asia on Thursday as investors gave a lukewarm reception to the US-Vietnam trade deal, while the dollar eased ahead of key US jobs data that could impact Federal Reserve interest rates plans.Attention was also on Washington as Republicans struggled to push Donald Trump’s tax-slashing budget bill through the House of Representatives amid …

Asian stocks mixed as traders shrug at US-Vietnam trade deal Read More »

Major US stock indices closed at fresh records Wednesday following a US-Vietnam trade deal, while oil prices jumped after Iran suspended cooperation with the UN nuclear watchdog.Both the S&P 500 and Nasdaq finished at records for the third time in four days after Trump reached an accord with Vietnam. “Little by little, we are coming to …

US stocks back at records as oil prices rally Read More »

President Donald Trump announced Wednesday that he had struck a trade deal with Vietnam under which the country would face a minimum 20 percent tariff and open its market to US products.The deal comes less than a week before Trump’s self-imposed July 9 deadline for steeper tariffs on US trade partners to take effect if …

Trump says Vietnam to face 20% tariff under ‘great’ deal Read More »

Hong Kong is expected to lead the world in IPO financing this year despite uncertainty from geopolitical tensions and trade tariffs, accountancy giant PwC said on Wednesday.The Chinese financial hub’s capital market has rebounded strongly this year, with dozens of Chinese companies piling into the city to raise overseas capital despite regulatory pressure from Beijing …

Hong Kong to regain IPO crown this year, say PwC and Deloitte Read More »

Australian airline Qantas said Wednesday it was investigating a “significant” cyberattack, after hackers infiltrated a system containing sensitive data on six million customers.Qantas said hackers had targeted one of its customer contact centres, breaching a computer system used by a third party.They had access to sensitive information such as customer names, email addresses, phone numbers …

Australian airline Qantas says hit by ‘significant’ cyberattack Read More »

Indian exporters are anxiously eyeing the possible reintroduction of Donald Trump’s punishing tariffs next week, though many hold out hope for a last-minute reprieve.The US president’s April 2 “Liberation Day” announcement of swingeing levies on dozens of key trading partners sent shockwaves through capitals before he announced a pause for negotiations, which ends next Wednesday.New …

India exporters cautiously optimistic as US tariff deadline looms Read More »

Asian markets swung Wednesday amid trade war worries after Donald Trump said he would not push back next week’s tariff deadline, with Tokyo taking a hit from threats to ramp up Japanese levies.Sentiment was also mixed after the US president’s signature budget bill scraped through the senate, with optimism over the extension of deep tax …

Asian markets mixed as trade deal cut-off looms Read More »