AFP News

  • Beijing auto show opens in world's largest market

    Global carmakers will take the stage in Beijing on Wednesday with new car models to woo the world's largest auto market as China promises to liberalise the industry.Industry behemoths like Volkswagen, Daimler, Toyota, Nissan, Ford...

  • Bangladesh factory disaster survivors demand justice five years on

    Hundreds of Bangladeshis staged protests and tearful tributes Tuesday on the fifth anniversary of one of the world's worst industrial disasters, when the Rana Plaza textile factory complex collapsed and killed at least 1,130...

  • Takeda lifts Shire takeover bid again

    Irish-based pharmaceuticals firm and takeover target Shire said Tuesday that Japanese drugs firm Takeda has lifted its informal bid again. "The board announces that it has received a revised proposal from Takeda regarding a...

  • US showing China 'yellow card' on trade, says Hong Kong consul

    The United States has issued China with a "yellow card" on trade, said its consul general in Hong Kong Tuesday, in a strongly worded speech which also urged the importance of the city's autonomy for business.US President Donald...

  • SK Hynix posts big jump in Q1 net profit

    South Korea's SK Hynix, the world's second-largest memory chip maker, on Tuesday announced a big jump in first-quarter net profit thanks to strong global demand. Net profit surged 64 percent year-on-year to 3.1 trillion won ($2.9...

  • China's 'makers' battle mistrust in hi-tech community

    Engineers, computer programmers and children tinker with self-made radio-controlled toy cars and robotic arms in China's southern city of Shenzhen, home to "makers" who belie the country's reputation as a hub for technology...

  • Rusal shares surge in Hong Kong after US eases sanctions stance

    Shares in Russian aluminum giant Rusal soared more than 40 percent in Hong Kong on Tuesday after the US Treasury said it would consider lifting sanctions if tycoon Oleg Deripaska gives up control of the company.US President Donald...

  • Equities wobble as US bond rates climb

    European and US stock markets wavered Tuesday as the yield on US 10-year government bonds touched the key 3.0 percent level.That level, which the bonds briefly touched before pulling back, is seen as important for many investors...

  • US Commerce Secretary calls China 2025 plan 'frightening'

  • Oil, metals prices set to rise amid trade tensions: World Bank

  • US trade officials to visit China soon, Trump says

    President Donald Trump announced Tuesday that top US trade officials would soon travel to China as Washington and Beijing seek to resolve a trade dispute that has roiled markets and left exporters on edge.Treasury Secretary Steven...

  • India's TCS crosses $100-bln market value

    Tata Consultancy Services (TCS) became the first Indian company in a decade to breach the $100-billion market value barrier after stocks in the IT giant soared on Monday.Shares in India's largest software exporter rose more than 4...

  • Facebook rejects Australia media calls for regulation

    Tech giant Facebook has opposed calls by Australian media companies for digital platforms to be regulated, amid an inquiry into their impact on competition in news and advertising markets.The government tasked the Australian...

  • Afghan girl spends life disguised as 'son' her parents wanted

    Sitara Wafadar yearns for long hair like other girls. Instead, the Afghan teenager has disguised herself as a boy for more than a decade, forced by her parents to be the "son" they never had.With five sisters and no brothers,...

  • Remittance payments hit record in 2017: World Bank

    Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday.The stronger-than-expected recovery in remittances --...

  • Higher US bond yields weigh on Wall Street stocks, lift dollar

    Higher US Treasury bond yields drove Wall Street stocks lower and the dollar higher on Monday while European equities advanced.Global markets fixated on the yield 10-year US Treasury bond, which edged ever closer to 3.0 percent. H...

  • BHP, Vale given extension to settle Brazil mine disaster claim

    Mining giant BHP said Monday it had been granted more time by a Brazilian court to negotiate with authorities on settling a large claim over the Samarco mine collapse that left 19 people dead.Samarco, co-owned by BHP and Brazilian...

  • US eases sanctions stance on Rusal; aluminum prices tumble

    The US Treasury on Monday said that it could lift sanctions on Russian aluminum giant Rusal if tycoon Oleg Deripaska gives up control of the company.The announcement sent aluminum prices falling by 7.2 percent on the London Metals...

  • IMF unveils new corruption policy for member states

  • Kim heralds more N. Korea economic reforms: analysts

    North Korean leader Kim Jong Un's promise to build "socialist economic construction" in his nuclear-armed but impoverished and isolated country could herald more Chinese-style economic reforms, according to analysts -- but he will...

  • Global carmakers gear up for China's auto show as sector opens

    Global carmakers will show off their latest models at the Beijing Auto Show this week, days after China unveiled plans to shift gears in the world's biggest car market by lifting foreign ownership restrictions.Industry giants such...

  • Beijing says welcomes Mnuchin visit for crunch trade talks

    Beijing on Sunday said it would welcome a visit from US Treasury Secretary Steven Mnuchin, who said he was considering a trip to the Chinese capital to hold talks on the trade dispute seen as a threat to the global economy.Tension...

  • US supports increase in World Bank funding

    US Treasury Secretary Steven Mnuchin on Saturday said Washington supports a World Bank request for a sharp increase in lending capacity in exchange for reforms to curb loans to higher income countries like China.The United States,...

  • Door to US-China trade talks seems to open after IMF meeting

    The gathering of world finance ministers began with heightened anxiety about the potential damage a US-China trade war could do to the economic recovery but ended Saturday with a door open to negotiations.International Monetary...

  • World Bank shareholders approve $13 bln capital increase

    World Bank shareholders approved a "historic" increase in the bank's lending capacity Saturday after the United States backed a reform package that curbs loans and charges more for higher income countries like China.World Bank...

  • China's ZTE vows to fight US supplier ban

    Chinese telecom giant ZTE vowed on Friday to fight back against a US order banning it from purchasing and using US technology for seven years, a move that has angered Beijing. The decision announced by Washington this week has...

  • Pound slides as UK rate hike prospect dims

    The pound fell on Friday after Bank of England Governor Mark Carney shook the market's confidence in an early interest rate hike, dealers said."Carney put an end to the debate, saying that markets should not bet on a May rate...

  • Asian push to crack down on 'fake news' sparks alarm

    Inflammatory stories masquerading as real news pose a particularly toxic threat in Asian countries with long-standing religious and ethnic divides, but promises by some regional leaders to tackle the problem carry equal menace.Bor...

  • Nissan to cut hundreds of jobs at UK car plant: source

    Japanese automaker Nissan will axe hundreds of staff at its car plant in northeastern England due to a sharp fall in diesel car sales, a source told AFP on Friday.Questioned about media reports of hundreds of job losses at...

  • Japan Takeda eyes Shire takeover after rival drops bid

    Shares in Japanese drug maker Takeda dropped Friday after a potential rival in its bid to take over Ireland's Shire Pharmaceuticals said it was no longer considering making an offer.Analysts had raised the prospect of a bidding...

  • US-China trade tension dominates IMF gathering

    Trade tensions between the United States and China, which threaten to spill over into the global economy, are dominating a gathering of world finance officials even as the Group of 20 avoided the topic Friday.Official after...

  • Escalating trade dispute could derail recovery, put 'many jobs at risk': WTO chief

    A major escalation in the trade dispute between the US and China could derail the global recovery and put "many jobs at risk," World Trade Organization chief Roberto Azevedo said Friday.And most of the impact of an all-out trade...

  • IMF's Lagarde urges India to focus on women in wake of child rapes

    IMF chief Christine Lagarde on Thursday called on India's leader to focus more on women in the wake of the "revolting" rape and murder of two young girls.While she praised the nation's economic performance, "what has happened is...

  • Spain accuses CaixaBank of laundering Chinese money

    Spanish authorities announced Thursday they have pressed charges against CaixaBank, the nation's third largest lender, for breaching money laundering laws by turning a blind eye to dubious transfers by Chinese companies.The...

  • Japan's Takeda in unsuccessful $60bn bid for drugmaker Shire

    Japanese drugs giant Takeda said Thursday it had made a $60-billion takeover bid for Irish peer Shire but its offer was rejected."Takeda notes recent press speculation regarding Shire plc and confirms that on April 12 it made a...

  • Jack Ma says Alibaba 'doing a lot of research' on driverless cars

    E-commerce giant Alibaba is steering resources towards driverless car technology, its CEO Jack Ma confirmed on Thursday, joining a global race to shape the future of driving. Despite fresh safety fears after a woman was hit and...

  • China targets US, EU with rubber trade case

    China announced on Thursday it would impose temporary anti-dumping measures on synthetic rubber imported from the United States, the European Union and Singapore.The case could stoke the simmering tit-for-tat trade tiff between...

  • Saudi-Russia oil alliance likely to undercut OPEC

    Saudi Arabia hopes to bring Russia into the fold of an expanded club of global oil giants to sustain a stable market, leaving OPEC's role in question, analysts say.The new union, spearheaded by Riyadh and Moscow, is expected to be...

  • Asian markets boosted by energy firms as oil surges

    Asian markets enjoyed another day of gains Thursday as energy firms tracked a surge in oil prices, while fears over Syria and a possible China-US trade war eased.Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un...

  • Qualcomm says China regulators prompt delay of NXP merger

    US mobile chipmaking giant Qualcomm on Thursday said it extended the deadline for its planned merger with Dutch rival NXP to work on getting clearance from regulators in China.At the request of the Ministry of Commerce in China,...

  • Japan consumer prices edge up 0.9% in March

    Japan's consumer prices edged up 0.9 percent in March, government data showed Friday, but inflation was slightly weaker than the previous month and still far below a longstanding target.Japan has notched up eight straight quarters...

  • AMP CEO resigns amid deepening banking scandal

    The CEO of Australian finance company AMP resigned suddenly on Friday after revelations of widespread abuses by the firm, including charging thousands of customers for services never received.At the same time, the conservative...

  • IMF warns of risks as central banks tighten

    The International Monetary Fund urged central banks Wednesday to take a gradual and transparent approach to tightening monetary policy, warning that unexpected moves could shock the global economy.The fund cautioned that investors...

  • Pacquiao to launch own cryptocurrency

    Philippine boxing icon Manny Pacquiao said Wednesday he would launch a cryptocurrency to connect with fans, but also backed the regulation of virtual currencies.Pacquiao, one of the world's most successful boxers, is the latest...

  • Top Japan finance official quits after harassment claims

    The top bureaucrat at Japan's finance minister quit Wednesday following allegations he sexually harassed female reporters, saying he wanted to clear his name.Junichi Fukuda has denied a magazine report he harassed several women,...

  • China manufacturing firms plunge on foreign ownership plan

    Shares in top Chinese manufacturing companies plunged Wednesday after Beijing announced plans to phase out ownership limits for foreign automakers, shipbuilders and aircraft firms.The liberalisation meets a longtime demand of the...

  • China to offer visa-free travel to its own 'Hawaii'

    China unveiled plans Wednesday to permit visa-free travel to its southern island of Hainan, as Beijing pushes international tourism to the tropical destination in another step to open up the region.The new policy will start in May...

  • London stocks shine as sterling falls; oil hits new three-year high

    London stocks outperformed their peers on Wednesday, buoyed by weakness in the pound after British inflation dived to a one-year low, while oil prices jumped to a fresh three-year high. Other equity markets had a mostly lackluster...

  • Trump issues public challenge to Abe on trade

    US President Donald Trump issued a blunt face-to-face challenge to Japan's Prime Minister Shinzo Abe in full view of the cameras Wednesday, demanding more favorable terms on trade."As the prime minister knows, they have done very...

  • IMF sees emerging Asia as top global growth engine

    The IMF said Tuesday it remains upbeat about the economic prospects of emerging Asia, labelling the region "the most important engine of global growth" despite concerns over trade disputes and mounting debt.The International...

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