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Asian equities mixed after US, China tariff moves

Publication date 12 September 2019 | 21:26 | ICT

Signs of easing tensions between China and the US in their trade row fuelled hopes of a breakthrough in high-level talks next month but Asian markets were mixed as dealers struggled to extend this week’s healthy rally.

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  • IEA: Oil demand dim on economic uncertainty

    Publication date 12 September 2019 | 21:25 | ICT

    Global oil demand growth is expected to remain subdued, with the economy weakening and buffeted by Sino-US trade tensions, the International Energy Agency (IEA) said on Thursday.

  • IMF: property taxes deliver the largest increase in GDP

    Publication date 12 September 2019 | 21:25 | ICT

    Revenue from property tax accounted for 0.1 per cent of gross domestic product (GDP) which is very low compared to other countries in the region, an International Monetary Fund (IMF) working paper said.

  • Stock market buoyed by hopes of Philippine-China oil and gas exploration

    Publication date 12 September 2019 | 20:57 | ICT

    Shares of oil and gas exploration company PXP Energy Corp (PXP) surged by 11.2 per cent on the local stock market on Wednesday, boosted by expectation that it could soon resume exploration in Recto Bank now that the Philippines and

  • Lack of 5G capacity may harm Apple

    Publication date 12 September 2019 | 20:57 | ICT

    Apple Inc’s lower-priced iPhones are expected to intensify competition in China’s smartphone market, but their inability to support 5G may leave some tech-savvy consumers disappointed, analysts said on Wednesday.

  • Renewed crisis in Argentina puts IMF in the crosshairs

    Publication date 12 September 2019 | 20:55 | ICT

    Despite a history of many International Monetary Fund (IMF) rescue programmes, Argentina once again faces a deepening financial crisis, raising questions about whether the Washington-based lender made a mistake in its dealings with

  • Three airlines slated to participate in Daxing airport’s third test flight

    Publication date 12 September 2019 | 20:55 | ICT

    China Southern Airlines, China Eastern Airlines and China United Airlines are expected to participate in Beijing Daxing International Airport’s third test flight on September 17, Beijing Daily reported on Thursday.

  • Middling demands for cars, homes in Japan as tax hike looms

    Publication date 12 September 2019 | 20:53 | ICT

    With the consumption tax hike approaching next month in Japan, retail companies are expecting last-minute demand for daily commodities and furniture to grow toward the end of September.

  • Investment in Chinese policy bank bonds rises

    Publication date 12 September 2019 | 20:52 | ICT

    Overseas investment in Chinese policy bank bonds has been rising sharply as institutional investors recognise their liquidity and investment value, experts said.

  • When Malaysia’s exports to China get a digital spike

    Publication date 12 September 2019 | 19:02 | ICT

    One man’s meat is another man’s poison – the proverb holds true for people’s responses to durian. You either loathe the pulpy-creamy, sweet and stinky fruit or love it so much you strike gold by exporting it.

  • Denmark’s Orsted sees market potential in South Korean offshore wind power

    Publication date 12 September 2019 | 19:01 | ICT

    Denmark's state-run energy company Orsted sees high potential in the Korean offshore wind power market, intending to build long-term, sustainable relationships with the Korean government and companies.