TRADE WARS - BIO FUEL DAILY

Asian markets mostly up, dollar sinks on stimulus pledges

Mar 27, 2020 (AFP)

Despite the painful toll the disease is inflicting on lives and economies, markets are on course to end the week with healthy gains following a barrage of stimu...

Singapore GDP contracts sharply, in warning for virus-hit global economy

Mar 26, 2020 (AFP)

The finance minister meanwhile announced Sg$48 billion (US$33 billion) in fresh stimulus, taking to about Sg$55 billion the amount so far pledged by the governm...

China's Xi calls for tariff cuts at G20 virus talks

Mar 26, 2020 (AFP)

"Xi urged G20 members to cut tariffs, remove barriers and facilitate the unfettered flow of trade" during his remarks at the emergency online summit, the offici...

Hubei lifts restrictions as China reports no new virus cases

Mar 25, 2020 (AFP)

But there were another 47 imported infections from overseas, the National Health Commission said, as the number of cases brought into the country continued to s...

Asia equities rally as US agrees blockbuster stimulus package

Mar 25, 2020 (AFP)

While the deadly disease continues to spread, traders have a rare semblance of optimism after weeks of carnage across global markets, with eyes fixed on Washing...

Nike says China is coming back as online growth cushions virus blow

Mar 24, 2020 (AFP)

"Traffic is back," Nike Chief Executive John Donahoe said of the dynamic in China that is also beginning to play out in Japan and South Korea, two other countri...

China to lift travel curbs on Hubei province, including Wuhan

Mar 24, 2020 (AFP)

But fears rose over a second wave of infections in the country fuelled by people arriving from overseas. After two months living with draconian curbs on daily l...

Stone-age 'likes': Study establishes eggshell beads exchanged over 30,000 years

Mar 23, 2020 (SPX)

A member of a hunter-gatherer group living in southern Africa's Karoo Desert finds the egg. She eats it, and cracks the shell into dozens of pieces. Drilling a ...

Private, online and hi-tech: the coronavirus economy

Mar 22, 2020 (AFP)

As hundreds of millions of people worldwide are forced to stay in their homes and not travel abroad, the businesses that are helping them to adapt could lead to...

Markets rally on huge economic support plan

Mar 20, 2020 (AFP)

The dollar eased somewhat after a lengthy rally fuelled by traders cashing out of their investments, while the embattled oil market extended Thursday's gains. W...

Virus forces EU and China to cancel summit

Mar 18, 2020 (AFP)

The heads of the EU's main institutions along with the bloc's diplomatic chief had been due to travel to China -- where the pandemic began -- later this month t...

Unemployment at 20% would be 'absolute worst case': Trump

Mar 18, 2020 (AFP)

With the US economy shutting down as more businesses are forced to close, Treasury Secretary Steven Mnuchin reportedly warned Republican senators the jobless ra...

Italy pushes 'coronabonds' to fight financial doom

Mar 18, 2020 (AFP)

While it is certainly early days, the idea that risk-averse Germany could join Italy in raising funds is getting slowly nearer, even if its not the big bang dre...

Japan's imports from China plunged in February on virus woes

Mar 18, 2020 (AFP)

February imports from China, Japan's biggest trade partner along with the United States, plunged 47.1 percent to 673.4 billion yen ($6.3 billion) while exports ...

US leads massive economic stimulus effort against coronavirus, EU shuts borders

Mar 17, 2020 (AFP)

After coming under criticism that they were mismanaging the response, both London and Washington announced massive economic stimulus packages. President Donald ...

US ramps up virus response with shutdowns, rate cut

Mar 16, 2020 (AFP)

The fast-spreading outbreak has claimed almost 70 lives in the United States, disrupting every walk of life as Americans panic-buy essentials and brace for what...

Virus credit crunch risks turning firms into zombie army

Mar 16, 2020 (AFP)

Amid signs that banks and investors have already retrenched their lending, central banks are trying to ensure that the flow of credit to businesses remains open...

China industrial output contracts for first time in decades

Mar 16, 2020 (AFP)

Industrial production for January and February shrank 13.5 percent in the first two months of the year, markedly worse than a Bloomberg poll of analysts which f...

China tightens quarantine for international arrivals

Mar 16, 2020 (AFP)

After declaring they had "basically curbed" the spread of the disease within China, where the virus first emerged, authorities have now ordered international ar...

Unlike 2008, world's economic doctors feud over cure

Mar 16, 2020 (AFP)

Today, as the world fights to immunise global growth from the coronavirus pandemic and Obama's successor Donald Trump rips up the rulebook of cooperation, there...