Asia Business

Asian markets boosted by new China hope, euro falls on France woes

Most markets rose in Asia on Tuesday on hopes China will unveil fresh measures to boost the world’s number two economy following reports that authorities will hold a key meeting next week.The gains, which followed another record day on Wall Street, came as traders were also left assessing Washington’s decision to impose fresh tech export …

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Asian markets mostly rise on China hope, euro hit by France woes

Most markets rose in Asia on Tuesday on hopes China will unveil fresh measures to boost the world’s number two economy following reports that authorities will hold a key meeting next week.The gains, which followed another record day on Wall Street, came as traders were also left assessing Washington’s decision to impose fresh tech export …

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China lifts final bans on Australian red meat as trade row nears end

China has fully lifted suspensions on Australian red meat, Canberra said Tuesday, dismantling one of the final barriers in a four-year trade war that hammered US$13 billion of exports.A slew of Australia’s most lucrative export commodities were effectively banned from China starting in 2020, as relations between the two nations started to fray.But China has …

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Trump says will ‘block’ Nippon Steel from taking over US Steel

US President-elect Donald Trump on Monday said he would “block” a planned takeover of US Steel by Japanese company Nippon Steel, a deal worth $14.9 billion including debts.”I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump wrote on his …

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Vietnam property tycoon on death row awaits appeal verdict

A Vietnamese property tycoon sentenced to death in a multi-billion-dollar fraud case arrived in court Tuesday, as she awaits the verdict of her appeal in one of the biggest corruption prosecutions in history. Property developer Truong My Lan, 68, was convicted earlier this year of embezzling money from Saigon Commercial Bank (SCB) — which prosecutors said …

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Asian markets mixed after US-China chip move, euro hit by France woes

Asian traders shifted tentatively Tuesday as they battled to track another record on Wall Street owing to fresh China-US worries, while the euro extended losses on concerns of political and economic upheaval in France.A tech-led rally in the Dow and S&P 500 helped New York stocks to a strong start to the month, having enjoyed …

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Chinese plus-size influencer spreads body positivity through fashion

Surrounded by racks of colourful dresses and blazers in China’s manufacturing hub of Guangzhou, plus-size clothing brand owner and influencer Amanda Yao is on a mission to promote body positivity.She is part of a small but growing number of women in China challenging restrictive beauty standards, including thinness, pale skin and childlike features.Online, a frequently …

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Nepal PM kicks off China visit eyeing investment deals

Nepal’s prime minister was in Beijing on Tuesday to meet Chinese leaders, seeking to expand infrastructure cooperation after breaking with the longstanding tradition of new leaders making their first official visit to neighbouring India.Khadga Prasad Sharma Oli, who returned to power in July after two previous terms in the top job, arrived in Beijing to …

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Paris stocks wobble, euro falls on France budget standoff

Paris stocks wobbled and the euro fell Monday as a budget standoff in France fueled concern about the eurozone’s second-biggest economy.Positive data from China helped boost equity markets elsewhere, with Germany’s DAX index hitting a record above 19,900 points.Oil prices rose on hopes of higher Chinese demand, while on Wall Street, the S&P 500 and …

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