TRADE WARS - BIO FUEL DAILY

Most Asian markets down on profit-taking but optimism remains

Feb 17, 2021 (AFP)

However, analysts said that while equities have room for a drop, the general view is that they will resume their strong upward march as vaccine rollouts, slowin...

After record Hong Kong property sale, what else will $59m get you?

Feb 17, 2021 (AFP)

Spanning 3,378 square feet, the five-bedroom penthouse sold this week for HK$459.4 million ($59.3 million). That means each square foot of the apartment in the ...

Equities rally on pandemic recovery, US stimulus optimism

Feb 16, 2021 (AFP)

Oil also held on to gains around 13-month highs as a severe cold snap in Texas combined with expectations of a surge in demand in line with the reopening of eco...

China overtakes US as EU's biggest trading partner

Feb 15, 2021 (AFP)

Britain meanwhile, which is no longer part of the European Union, was the third-largest trading partner for the bloc, behind China and the United States, the ag...

German govt agrees draft law to fight labour abuses abroad

Feb 12, 2021 (AFP)

Labour Minister Hubertus Heil called the proposed law a "historic breakthrough" that would respect human rights and prevent exploitation. He said it would prote...

Canada authorizes first exchange-traded bitcoin fund

Feb 12, 2021 (AFP)

The Ontario Securities Commission gave Purpose Investments Inc. the nod to roll out the Purpose Bitcoin ETF (exchange-traded fund) on the Toronto Stock Exchange...

UK urges G7 action on Covid recovery, climate, tech tax

Feb 12, 2021 (AFP)

Finance minister Rishi Sunak and Bank of England governor Andrew Bailey hosted their counterparts from Canada, France, Germany, Italy, Japan and the United Stat...

Markets, oil drop in Asia but bitcoin targets $50,000

Feb 12, 2021 (AFP)

Oil prices also retreated from their 13-month highs after investors were given a reality check on expectations for demand this year, despite expectations the gl...

Asia markets slip as dealers take breath in holiday-thinned trade

Feb 11, 2021 (AFP)

Trading was thinned by holidays in major markets, notably Chinese New Year, which will see most of the region closed for several days. Global risk assets have b...

Asia markets mixed as traders track US stimulus efforts

Feb 11, 2021 (AFP)

Trading was thinned by holidays in major markets, notably Chinese New Year, which will see most of the region closed for several days. Global risk assets have b...

Wall Street player BNY Mellon jumps on bitcoin bandwagon

Feb 11, 2021 (AFP)

BNY Mellon, which is known as the oldest US bank, said it will form a new digital assets unit to transfer, safeguard and issue digital assets in response to cli...

Polish president calls trade with China 'insufficient'

Feb 09, 2021 (AFP)

Speaking during an online summit between Xi and some regional leaders, Duda said he wanted "more tangible and mutually beneficial results". Duda suggested they ...

JP Morgan's Aguzin named Hong Kong stock exchange's CEO

Feb 09, 2021 (AFP)

The Argentine-born banker will take up his post in May, at a time when Beijing is clashing with Western powers over its campaign to stamp out dissent in the fin...

Asian markets track Wall St records on stimulus optimism

Feb 08, 2021 (AFP)

After a rout at the end of January, the global rally across equities appeared to be back on track, despite concerns that valuations may have become a little too...

US trade gap soars in 2020 amid pandemic disruptions

Feb 05, 2021 (AFP)

Business shutdowns and global shipping disruptions caused by Covid-19 were a major factor for most of last year, leading to the largest trade gap since the star...

France says won't ratify Mercosur deal in 'current form'

Feb 04, 2021 (AFP)

The government wants guarantees on the protection of the environment and on health norms from Mercosur's members Argentina, Brazil, Paraguay and Uruguay before ...

Asian market rally stalls but vaccine, stimulus hope lend support

Feb 04, 2021 (AFP)

An upbeat outlook for the global economy continues to push oil prices higher, with top producers sounding a note of optimism for demand this year as lockdowns a...

After years of restructuring, Siemens has a new CEO

Feb 03, 2021 (AFP)

Joe Kaeser handed the CEO baton to his deputy, Roland Busch at the end of a seven-year tenure marked by slimming down and spinning off assets to refocus as a te...

Consumers boosted electronics spending in pandemic year: survey

Feb 03, 2021 (AFP)

Strategy Analytics said consumer electronics revenues increased seven percent last year to $358.5 billion, with consumers snapping up new gadgets for work, lear...

Sri Lanka scraps Japan-India port deal

Feb 02, 2021 (AFP)

The East Container Terminal in Colombo port is being built next to a controversial $500-million Chinese-run container jetty, and was to be developed as a joint ...