AFP News

  • China's Xiaomi targets Europe as it kicks off IPO

    Chinese smartphone maker Xiaomi will aggressively target European markets, using part of the proceeds from its initial public offering worth $6.1 billion in Hong Kong, the company's co-founder said Saturday.The company is offering...

  • Chinese island eyes oasis from web censorship for foreigners

    China's Hainan island has proposed allowing foreign visitors access to censored websites such as YouTube and Facebook, a double standard that has raised cries of indignation from the country's internet users.The province, known as...

  • Malaysia picks 1MDB investigator as central bank chief

    A Malaysian official who probed the 1MDB mega-scandal which helped topple the corruption-plagued former regime has been appointed as the new central bank governor, the government said Friday.Nor Shamsiah Mohamad Yunus is returning...

  • Global stocks mostly climb despite rising trade tensions

    World stock markets mostly climbed Friday despite rising trade tensions, with petroleum-linked shares gaining after OPEC agreed to only a modest production increase.The Dow snapped an eight-session losing streak, with oil...

  • China's Xi denounces 'protectionism, isolationism and populism'

  • Easy as A, B, Xi: China gives economic lessons to North Korea

    Chinese President Xi Jinping has coached his North Korean counterpart Kim Jong Un on high-stakes diplomacy. Now he seems poised to give the young autocrat another lesson: how to reform a state-controlled economy while keeping an...

  • Xiaomi lowers target as it kicks off IPO

    Chinese smartphone maker Xiaomi kicked off its initial public offering Thursday but the firm is likely to pull in about $6.1 billion, far less than originally expected, with investors having mixed views about its main business.Xia...

  • Chinese fund buys French crystal maker Baccarat

    The storied French crystal maker Baccarat, founded by Louis XV more than 250 years ago, said Thursday that a Chinese fund had finalised a deal to purchase the company, more than a year after the plan was first announced.Fortune...

  • Trade war fears weigh on stocks as Dow falls for 8th straight day

    Global stock markets fell Thursday on escalating trade tensions with a profit warning from Daimler tied to US-China tariffs weighing on auto shares.A day before the European Union was to slap retaliatory tariffs on a range of...

  • Japan inflation stuck at 0.7% in May, way below target

    Japanese inflation was stagnant in May, government data indicated Friday, and still far below target as the Bank of Japan shows little sign of winning its long battle against deflation.Prices in the world's third-largest economy...

  • Rupee hits record low, IMF urges Sri Lanka to let it slide

    The International Monetary Fund urged Sri Lanka Wednesday to let its rupee keep sliding and not intervene further to bolster the ailing currency as it fell to historic lows.The currency bottomed out at roughly 160 rupees to the US...

  • Toys 'R' Us Australia stores to close after failing to sell

    Australian stores of US chain Toys 'R' Us will shut down after administrators said Wednesday they were unable to find a buyer, the latest victim of the growth of online retail.Toys 'R' Us Australia was put into administration last...

  • Moon suggests Russian gas be piped to Koreas, Japan

    New pipelines could be laid to bring Russian gas through North Korea to the South and even on to Japan following the diplomatic thaw with Pyongyang, Seoul's leader suggested Wednesday.President Moon Jae-in was speaking to Russian...

  • Indian government grounds Air India sale plans: reports

    India has shelved its plans to sell debt-stricken national carrier Air India after failing to attract any bidders, a senior official has told local media.Civil aviation minister Suresh Prabhu said the government had dropped the...

  • Hackers steal $30m from top Seoul bitcoin exchange

    Hackers stole more than $30 million worth of cryptocurrencies from South Korea's top bitcoin exchange, sending the unit's price falling around the world on Wednesday.The virtual currency was priced at $6,442 dollars late afternoon...

  • Will China hit Hollywood and N.Korea diplomacy in US trade war?

    China may look beyond tit-for-tat tariffs in the looming trade war with the United States, analysts say, with a range of creative options at its disposal, including targeting Hollywood films or dragging its feet on North Korea.Fea...

  • European firms say China business 'more difficult'

    European companies complain they still face a difficult business climate in China despite Beijing's pledges of openness, with about half saying it has become tougher in the past year, according to a survey released Wednesday.The...

  • Noble Group shares soar after deal with key investor

    Noble Group shares surged more than 50 percent Wednesday after the embattled commodities trader sealed a deal with a major investor, paving the way for a debt restructuring.The former stock market darling had been teetering on the...

  • Japan dreams of jackpot with legal casinos

    At a casino school in Tokyo, croupier-in-training Takuto Saito settles behind a green table and reaches for the roulette wheel, addressing a group of imaginary punters: "Spin up. Place your bets."The 24-year-old has never set foot...

  • Global stocks mixed amid lingering trade war fears

    World stock markets were a mixed bag on Wednesday as some investors fished for bargains and others gave in to anxiety over simmering trade tensions between China and the United States.London and Frankfurt edged higher, mirroring...

  • Australia telecom giant Telstra to axe 8,000 jobs

    Australia's dominant telecommunications company Telstra Wednesday announced plans to axe 8,000 jobs -- a quarter of its workforce -- as part of a drastic new strategy to cope with an increasingly competitive industry.The decision...

  • Japan start-up Mercari soars in first day of Tokyo trade

    Flea market app Mercari soared Tuesday as it debuted on the Tokyo Stock Exchange, a major success for a rare Japanese "unicorn" -- a start-up valued over $1 billion.The company initially priced its stock at 3,000 yen ($27.30) a...

  • Shanghai, Hong Kong stocks plunge on trade war fears

    Shanghai and Hong Kong stocks plunge on Tuesday on investors' fears that the US and China could be heading for a full-blown trade war following tit-for-tat tariff threats.The plummet follows an announcement Monday by US President...

  • Apple fined millions for Australia false iPhone claims

    Apple was Tuesday fined Aus$9 million (US$6.7 million) by an Australian court for making false claims about consumer rights when refusing to fix faulty iPhones and iPads previously repaired by a third party.Customers of the US...

  • White House: China has 'much more to lose' in trade dispute

  • Trump's many trade wars: a roundup

  • Stock markets plunge on US-China trade war fears

    Global stock markets tumbled Tuesday on rising fears of a trade war after US President Donald Trump threatened fresh tariffs on Chinese imports and Beijing warned of countermeasures.Eyes were also on talks in Germany between the...

  • Japan airlines change 'Taiwan' to 'China Taiwan' on websites

  • China accuses Trump of 'blackmail' after new tariffs threat

    Beijing on Tuesday accused Donald Trump of "blackmail" and warned it would retaliate in kind after the US president threatened to impose fresh tariffs on Chinese goods, pushing the world's two biggest economies closer to a trade...

  • US Senate votes to reimpose ban on China's ZTE, shares plunge

    The US Senate defied President Donald Trump on Monday by voting to overrule his administration's deal with Chinese telecom firm ZTE and reimpose a ban on hi-tech chip sales to the company.Senators added an amendment targeting ZTE...

  • US slaps anti-dumping duties on Chinese alloy aluminum sheet

    The United States on Tuesday said it was imposing steep import duties on Chinese imports of alloy aluminum sheet valued at nearly $1 billion which Washington says have been dumped on the US market.Trade relations between the...

  • Google to invest $550 million in China e-commerce giant JD.com

    Google will invest more than half a billion dollars in China's second-largest e-commerce company JD.com as part of a move to expand retail services around the world, the companies said Monday.The announcement comes as US giant is...

  • Tokyo stocks close down on worries over trade war

    Tokyo stocks fell on Monday amid lingering worries over a US-China trade war, while the impact of a strong earthquake that shook western Japan earlier in the day was limited.The benchmark Nikkei 225 index slipped 0.75 percent or...

  • US imports push Japan into trade deficit in May

    Imports of US aircraft helped push Japan to a trade deficit in May, official data showed Monday, but experts said it was a temporary effect not linked to ongoing trade tensions.Japan's imports rose 14.0 percent in May from a year...

  • Global stocks falter as trade war fears deepen

    World stock markets faltered Monday as traders eyed looming trade wars and worried about EU rifts over migration.Analysts said investors were still jittery following Friday's tit-for-tat tariff announcements by the US and China....

  • Australia's South32 to take over Canada's Arizona Mining

    Mining giant BHP's spin-off South32 is set to buy the remainder of Canada's Arizona Mining for US$1.3 billion to capitalise on "one of the most exciting base metal projects in the industry".South32 -- which has aluminium,...

  • Mount Everest, the high-altitude rubbish dump

    Decades of commercial mountaineering have turned Mount Everest into the world's highest rubbish dump as an increasing number of big-spending climbers pay little attention to the ugly footprint they leave behind.Fluorescent tents,...

  • Invest in North Korea: money pit or golden opportunity?

    Donald Trump dangled the carrot of foreign investment in front of North Korean leader Kim Jong Un at their nuclear summit, but analysts say few will want to put money into one of the highest-risk business environments in the...

  • Malaysia power shift hits China infrastructure drive

    Malaysia was once a loyal partner in China's globe-spanning infrastructure drive but a new government is now pledging to review Beijing-backed projects, threatening key links in the much-vaunted initiative.Kuala Lumpur's previous...

  • China hits back as US trade tensions threaten economy

    Tit-for-tat tariffs on products worth tens of billions have left the US and China teetering on the brink of an all-out trade war, one Beijing can ill-afford with headwinds mounting for its economy.US President Donald Trump...

  • China imposes equal tariffs on US imports in retaliation

  • Japan to bring in more foreign labour as workforce shrinks

    Japan announced Friday plans to ease immigration restrictions and bring in more foreign workers to tackle a serious labour shortage caused by the country's ageing, shrinking population.The government has proposed a new visa status...

  • Casino designed by Zaha Hadid opens in Macau

    A flamboyant new casino designed by Zaha Hadid opened its doors in Macau on Friday, featuring futuristic curves and skeletal steel structures characteristic of the acclaimed late architect.Rows of exposed elevators glide up and...

  • Bank of Japan sticks with easing as Fed, ECB tighten policy

    Bank of Japan head Haruhiko Kuroda defended its decision to press ahead with the country's ultra-loose monetary policy Friday, even as the US Federal Reserve and European Central Bank tighten their policies.After a two-day...

  • Trump slaps tariffs on China, triggering swift retaliation

    US President Donald Trump on Friday announced 25 percent tariffs on tens of billions in Chinese imports, sparking immediate retaliation from Beijing and bringing the world's two largest economies to the brink of an all-out trade...

  • New Zealand to tax tourists as influx grows

    Tourists to New Zealand are to be charged a special tax, under new government plans announced Friday to deal with the growing influx of holidaymakers coming from overseas.Visitor numbers have surged by nearly a third in the past...

  • BHP approves US$2.9 bn Australian iron ore mine

    Mining giant BHP on Friday approved a new US$2.9 billion mine in resource-rich northwestern Australia as the country's top iron ore producers race to meet Chinese demand for higher-quality metals.China -- the planet's largest...

  • SoftBank plans $60-100 bn investment in solar in India: report

    Japan's SoftBank is planning to invest between $60-100 billion in a solar power project in India, a Japanese report said Friday, as the firm looks to expand its interests into various sectors.The report by public broadcaster NHK...

  • Global stocks pressured by US, China tariff announcements

    Revived trade war fears weighed on US and European bourses Friday following tit-for-tat tariff announcements by the United States and China.US President Donald Trump announced 25 percent tariffs on tens of billions in Chinese...

  • US, China firms brace for escalating trade war

    Companies and trade groups in the US and China have expressed concern over how the escalating trade spat between the world's two biggest economies could affect operations.Beijing retaliated immediately to tariffs on tens of...

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