AFP News

  • Indonesian policeman shot dead near US-owned mine

    An Indonesian policeman was shot dead and another was seriously wounded near a giant US-owned copper and gold mine Wednesday, authorities said, the latest in a string of shootings in restive Papua province.The killing comes as...

  • 'Pink dollar' boost to Australia economy after gay marriage vote

    Australia's historic move toward legalising same-sex marriage could bring businesses a massive windfall of "pink dollars" as tens of thousands of gay couples tie the knot, economists said Wednesday.Legislation legalising same-sex...

  • Oil prices extend losses in Asia after demand warning

    Oil prices tumbled more than one percent on Wednesday in ASia, extending the previous day's sharp falls after the International Energy Agency warned of weakening demand.A recent rally had sent the commodity to two-year highs,...

  • Global stocks retreat as oil prices slide

    Global stock markets dropped on Wednesday as sliding oil prices and US tax doubts prompted investors to lower their risk exposure, traders said.Equity markets in Frankfurt, London and Paris all fell. Wall Street also retreated,...

  • Nepal scraps mega hydropower deal with Chinese firm

    Nepal has cancelled an agreement with a Chinese company to build the largest hydroelectric plant in the impoverished landlocked country, which suffers from chronic energy shortages.The project, agreed in June, would have nearly...

  • IMF raises 2017 growth outlook for South Korea

    The International Monetary Fund on Tuesday raised its 2017 growth forecast for South Korea, as improving exports and construction investment offset elevated geopolitical tensions over the North Korea nuclear crisis.Wrapping up a...

  • Toshiba sells TV business to China's Hisense

    Struggling Japanese conglomerate Toshiba said Tuesday it has decided to sell its television business to China's Hisense Group as part of its efforts to restore its balance sheet.Toshiba agreed with the Chinese group to sell 95...

  • US slaps anti-dumping duties on Chinese hardwood plywood

    The United States said on Monday it would impose anti-dumping duties on imports of hardwood plywood products from China, a move decried by Beijing as based on "totally distorted" data.It was the latest move by the Commerce...

  • India's Airtel sells $508 million stake amid Jio fight

    Indian telecom giant Bharti Airtel sold a half-billion-dollar stake in its mobile tower business Tuesday to help shrink its debts as it reels from a price war sparked by rival Reliance Jio.Airtel, which recently reported a 77...

  • Taiwan's Hon Hai quarter profit falls on iPhone X costs

    Taiwanese tech giant Foxconn said Tuesday its third-quarter profit dropped by more than a third, dragged by costs associated with producing the latest iPhone model.Also known as Hon Hai, the firm is the world's biggest contract...

  • Global markets falter on US tax cut doubts, oil glut fears

    Global stocks were pressured Tuesday by nagging doubts about US tax reform and worries about a petroleum glut.Equity markets fell in New York, Paris and Frankfurt and treaded water in London and Tokyo. Analysts fear the weakness...

  • China factory output slows as government cracks down on pollution

    China's industrial output slowed in October, official data showed Tuesday, as authorities fight smog by clamping down on pollution produced by heavy industries.Output at factories and workshops expanded 6.2 percent on-year, the...

  • Japan's SoftBank: 'No final agreement' on Uber

    Japanese tech giant SoftBank Tuesday said there was "no final agreement" on an investment in Uber and warned it could pull out of a potential deal if the terms were unsatisfactory.The statement came after Uber said it had entered...

  • Trump lauds Asia trade wins and red carpets

    Donald Trump on Monday lauded his trade achievements during a five-nation tour of Asia, promising he would reveal "far bigger" steps when he returned to Washington.The US president has frequently bemoaned what he calls "unfair"...

  • Uber gives green light for sale of stake to Japan's SoftBank

    Scandal hit ride-sharing company Uber on Sunday announced a deal to sell a stake to Japan's SoftBank, as the firm looks to turn a new page ahead of its planned IPO by 2019.The move was unveiled shortly after reports emerged that...

  • Chip maker Qualcomm spurns $130 bn Broadcom merger bid

    Semiconductor giant Qualcomm on Monday rejected a $130 billion bid from fellow chip maker Broadcom which could represent the biggest-ever takeover in the tech sector.Singapore-based Broadcom made the offer last week in a deal that...

  • Pound slides on fears over May's future

    Global stocks opened the week with a bout of unease on Monday as European stocks drifted downwards and Wall Street narrowly eked out a positive finish amid fears over the long-awaited corporate tax cuts.Meanwhile, the British...

  • Water cannon repel anti-Trump protesters

  • Alibaba takes record $25 bn on 'Singles Day'

    Chinese online shoppers spent a record $25 billion on this year's "Singles Day" promotion run by e-commerce giant Alibaba, up nearly 40 percent from last year, figures showed on Sunday.At the peak, 256,000 payments were being...

  • Trump rails at Vietnam trade imbalance as deals signed in Hanoi

    Vietnam and the United States signed a series of energy and aviation deals Sunday during a visit to Hanoi by US president Donald Trump, who railed against Washington's yawning trade deficit with the fast-growing nation.Trump was...

  • Uber clears the way for SoftBank investment: report

    Former Uber CEO Travis Kalanick and an influential investor in the ride-sharing company have resolved a feud that will clear the path for Japan's SoftBank to acquire a stake in the firm, the Wall Street Journal reported Sunday.The...

  • Chinese consumers spend billions in 'Singles Day' shopping binge

  • Trade ministers agree Asia-Pacific trade pact without US

    Ministers from 11 Asia-Pacific countries agreed Saturday to press ahead with a major trade deal without the United States, as the world's largest economy seeks to go it alone under President Donald Trump's "America First" policy.T...

  • Cathay Pacific dropped from Hong Kong’s benchmark index

    Hong Kong's struggling flag carrier Cathay Pacific was removed Friday from the prestigious list of companies that make up the city’s benchmark index. The removal from the Asian financial hub’s Hang Seng Index will take place from...

  • World stocks slip as tax jitters sap confidence

    Global stock markets retreated Friday, extending the previous session's losses, as uncertainty over US President Donald Trump's much-vaunted tax cuts and lackluster corporate earnings took their toll on investor confidence.At the...

  • Auto workers at Chinese-owned US plant reject bid to unionize

    The United Auto Workers has suffered another stinging defeat as workers overwhelmingly voted against unionizing at the Chinese-owned Fuyao car glass plant in Ohio.UAW officials blamed what they called the company's aggressive...

  • Hopes fade for TPP breakthrough in Vietnam

    Talks in Vietnam to resurrect a landmark Pacific trade deal rejected by the Trump administration remained deadlocked on Friday, as Canada was accused of stalling for time and hampering the prospects of a breakthrough deal at a...

  • Chinese company offers lifetime of booze for $1,700

    Feeling down on "Singles Day" this weekend? A Chinese white liquor maker wants to lift lonely spirits by offering a lifetime supply of booze for less than $1,700.Jiangxiaobai Liquor Company is making its offer Saturday during...

  • Philippines' Duterte thanks Putin for weapons aid

    Philippine President Rodrigo Duterte on Friday warmly thanked Russian leader Vladimir Putin for shipping weapons to his struggling military, adding that he will buy more Russian arms in the future."I want to pass on words of...

  • China to widen foreign access to financial sector

    China on Friday said it will further open the country's financial markets to foreign firms, a key demand from the United States and Europe which have long complained about the strict limits on access to the giant economy.The...

  • CBS takeover of Australia TV network given court approval

    A bid by US broadcaster CBS to buy Australia's third-largest commercial television network cleared a key legal hurdle Friday when judges rejected a move by three shareholders to block the sale.Creditors and staff had backed CBS's...

  • Tata Motors triples profits with strong JLR sales

    Indian carmaker Tata Motors Thursday reported a three-fold increase in quarterly profits, beating analyst estimates and boosted by higher sales from its Jaguar Land Rover business. Consolidated net profit for the three months...

  • Philippines' Duterte laments SE Asia brain drain due to globalisation

    Globalisation has pressed the brightest workers from poor Southeast Asian countries to move overseas in a brain drain that must be reversed if real development is to be achieved, Philippine President Rodrigo Duterte said Thursday....

  • S. Korea to fine BMW, Mercedes, Porsche over emission rule breaches

    South Korea plans to hit Mercedes-Benz, BMW and Porsche with a total of $63 million in fines for violating emission rules, its environment ministry said on Thursday.BMW will face the largest penalty, of 60.8 billion won ($54...

  • Gold demand hits lowest level since 2009: industry

    Global demand for gold dropped nine percent in the third quarter, hit by weak buying in key market India, industry body the World Gold Council said Thursday.World demand in the three months to the end of September fell to 915...

  • European equities tumble after Wall Street, Tokyo hit reverse

    Europe's stock markets tumbled Thursday on a wave of disappointing earnings reports, compounded by a weaker start on Wall Street and a slump in Tokyo, traders said. Prices on Wall Street declined as investors took profit from the...

  • In China's e-commerce boom, it takes a village

    Workers wielding screeching hand-held wood sanders toil overtime in Cheng Huaibao's bunk bed factory, rushing to prepare for the wave of orders about to break on manufacturing businesses like his across China.China's November 11...

  • US claims victory in Indonesia food trade dispute

    The United States on Thursday claimed victory in a long-running trade dispute with Indonesia over import restrictions on meat, fruits and vegetables.The World Trade Organization ruled that Indonesia's limits on imports of...

  • Japan's struggling Toshiba logs $436 mn loss in first half

    Troubled Japanese conglomerate Toshiba said Thursday it logged a net loss of $436 million for the fiscal first half, as it moves to complete the multi-billion-dollar sale of its chip business to restore its balance sheet.The...

  • Trump's $250bn China deals are small beer: analysts

    American and Chinese officials proudly touted $250 billion of deals Thursday, signed during President Donald Trump's trip to Beijing, but analysts say the headline figures will not do much to rectify a very lopsided trade balance....

  • US confirms huge taxes on Argentine, Indonesian biodiesel

    The United States on Thursday confirmed a plan to impose huge duties on biodiesel imports from Argentina and Indonesia, which officials said received government subsidies and therefore compete unfairly with US producers.The...

  • Trump and Xi lay out competing trade visions at APEC

    The leaders of the US and China laid out sharply divergent visions for the future of global trade on Friday, with Donald Trump doubling down on his "America First" rhetoric, leaving counterpart Xi Jinping to defend the...

  • Colossal SoftBank fund could shake up tech world

    Japan-based SoftBank is sending tremors through the tech world with a massive new venture capital fund for investing in startups that's expected to dominate the industry so thoroughly it's playfully referred to as a "gorilla."The...

  • India offers gasoline help to Sri Lanka as fuel shortage bites

    India pledged emergency supplies of gasoline to Sri Lanka on Wednesday as the island struggles with a crippling fuel shortage that has seen panic buying at gas stations. The spiralling crisis, which has forced commuters to ditch...

  • Ford, Chinese firm to invest $756 million on electric cars

    US auto stalwart Ford announced on Wednesday a $756 million investment with its Chinese joint venture to produce electric cars, just as US President Donald Trump arrived in Beijing for thorny trade talks.Ford's investment with...

  • WeChat Pay arrives in Paris department stores

    Chinese tourists visiting Paris are now able to pay for their purchases in two of the city's famous department stores with their smartphones, thanks the adoption of the payment app of the popular Chinese social media network,...

  • Delhi schools shut as toxic smog hits India and Pakistan

    Delhi authorities ordered all schools to shut on Wednesday after choking smog descended on north India and Pakistan, with pollution levels in the city 40 times the World Health Organization's safe limit.Levels of PM 2.5, the...

  • China's trade surplus with US eases as Trump visits

    China's trade surplus with the United States eased slightly in October but still remains elevated, official data showed Wednesday, as President Donald Trump arrived in Beijing for what are expected to be thorny economic talks.Trum...

  • World stocks pause after record runs

    World stock markets mostly slid on Wednesday as traders took profits following recent gains that have sent indices to record or multi-year highs.Optimism about the global economy and a string of positive earnings results have...

  • America first? Global trade on the block as Trump heads to APEC

    The future of global trade comes under the microscope this week as Donald Trump addresses Asia-Pacific leaders in Vietnam, a visit that will be carefully examined for clues as to how his "America First" mantra will guide US...

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