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China's exports grow 7% in July, less than forecasts, while imports pick up pace

China's exports grow 7% in July, less than forecasts, while imports pick up pace

Wed, Aug 07, 2024

Imports climbed 7.2% to $215.9 billion, picking up momentum on stronger trade with other Asian countries that now supply many industrial components, materials and consumer products to China. Exports to the United States rose 2.4% year-on-year while shipments to Southeast Asian countries, now Beijing's biggest trading partner overall, jumped 11%.

Shortages key to copper's upward price trajectory to new peaks

Shortages key to copper's upward price trajectory to new peaks

Tue, Apr 23, 2024

A pick-up in manufacturing activity, particularly in top consumer China where surveys of purchasing managers have started to show expansion has also contributed to enthusiasm for copper which this week hit a two-year peak at $9,988 a ton for a gain of 25 per cent since early October.

Abbott beats quarterly profit estimates on strong medical device sales

Abbott beats quarterly profit estimates on strong medical device sales

Wed, Apr 17, 2024

The company now expects a full-year profit of $4.55 to $4.70 per share, raising the lower end from $4.50 per share. Analysts were expecting a profit of $4.60 per share.

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US, Japan, Philippines trilateral deal to change dynamic in South China Sea, Marcos says

US, Japan, Philippines trilateral deal to change dynamic in South China Sea, Marcos says

Sat, Apr 13, 2024

A cooperation agreement by the Philippines, the United States and Japan will change the dynamic in the South China Sea and the region, Philippine President Ferdinand Marcos Jr. said on Friday, while seeking to assure China it was not a target.

Tesla raises prices of Model Y cars in US by $1,000

Tesla raises prices of Model Y cars in US by $1,000

Mon, Apr 01, 2024

The Model Y base variant will now cost $44,990, while the long range and performance variants are priced at $49,990 and $53,490, respectively, according to the Tesla website.

Japan saw record 2.79 million visitors in February due to Lunar New Year boost

Japan saw record 2.79 million visitors in February due to Lunar New Year boost

Tue, Mar 19, 2024

Arrivals in February were 7.1 per cent higher than in 2019 when the Lunar New Year also fell in the second month of the year rather than the first.

US companies to announce investments of over $1 billion in the Philippines

US companies to announce investments of over $1 billion in the Philippines

Mon, Mar 11, 2024

The investments would be in areas like solar energy, electric vehicles and digitisation, she said, adding that U.S. companies were eager to do business in the Southeast Asian country.

GM recalling 820,000 pickup trucks for tailgate issue

GM recalling 820,000 pickup trucks for tailgate issue

Sun, Mar 03, 2024

The recall covers about 570,000 trucks in the United States and 250,000 in Canada.

US vows 'all necessary actions' after drone strike, Qatar fears impact on Gaza hostage talks

US vows 'all necessary actions' after drone strike, Qatar fears impact on Gaza hostage talks

Tue, Jan 30, 2024

Hamas reiterated on Monday that Israel must halt its Gaza offensive and withdraw from the Gaza Strip before more hostages are freed. Israel says it will fight until Hamas is eradicated.

Asia shares at five-month highs as rate bets pile up

Asia shares at five-month highs as rate bets pile up

Thu, Dec 28, 2023

MSCI's broadest index of Asia-Pacific shares outside Japan has also gained 10 per cent in two months and added another 0.3 per cent on Thursday to its highest since August.

Toyota recalling 1.12 million vehicles over potential air bag issue

Toyota recalling 1.12 million vehicles over potential air bag issue

Thu, Dec 21, 2023

Toyota in July 2022 issued a recall for 3,500 RAV4 vehicles in the United states that because of potential interference between internal parts that could cause the OCS sensor to incorrectly detect the occupant.

Giant batteries drain economics of gas power plants

Giant batteries drain economics of gas power plants

Tue, Nov 21, 2023

Banks are focused on financing plants that have guaranteed revenues, three bankers involved in energy project finance said, asking not to be named because they were not authorised to speak to the press.

Indonesia launches $20 billion renewable energy investment plan

Indonesia launches $20 billion renewable energy investment plan

Tue, Nov 21, 2023

Half of the funds pledged would come from private financing, which could be commercial loans carrying market rates, equity investment or other debt instruments.

Philippines eyes codes of conduct to keep peace in South China Sea

Philippines eyes codes of conduct to keep peace in South China Sea

Mon, Nov 20, 2023

President Ferdinand Marcos Jr, speaking at a forum in Hawaii streamed live on Monday in the Philippines, said the priority was maintaining order and having agreed rules to follow.

US, China pledge cooperation on climate following California talks

US, China pledge cooperation on climate following California talks

Wed, Nov 15, 2023

The United States and China said they support a declaration by G20 leaders to triple global renewable energy capacity by 2030, and also agreed to "accelerate the substitution for coal, oil and gas generation".

Hyundai Motor Group air taxi unit plans US manufacturing facility

Hyundai Motor Group air taxi unit plans US manufacturing facility

Wed, Nov 08, 2023

Shin said the eVTOL taxi would be capable of flying at 120 mph (193 kph) and have capacity for a pilot and four passengers, targeting December 2024 for a test flight.

Senators urge US to take steps to boost battery production, citing China

Senators urge US to take steps to boost battery production, citing China

Tue, Nov 07, 2023

China dominates the global EV battery supply chain including production of graphite - the single largest component.

World leaders seek pause to Israel-Hamas fighting to allow aid into Gaza

World leaders seek pause to Israel-Hamas fighting to allow aid into Gaza

Wed, Oct 25, 2023

United Nations Secretary-General Antonio Guterres last week called for an immediate humanitarian ceasefire in Gaza.

China, US officials discuss macroeconomic developments in meeting

China, US officials discuss macroeconomic developments in meeting

Tue, Oct 24, 2023

Ties between the world's two largest economies have been strained in recent years due to a number of issues including Taiwan, the origins of the COVID-19 pandemic, allegations of spying, human rights issues and trade tariffs.

US vetoes UN Security Council action on Israel, Gaza

US vetoes UN Security Council action on Israel, Gaza

Thu, Oct 19, 2023

Israel has put Gaza under a total siege and subjected it to intense bombardment. It has vowed to annihilate Hamas after the Islamist militant group killed 1,400 people and seized hostages in an October 7 attack on Israel.

10th Day of Israel Hamas War: Gaza Records Over 2,600 Fatalities Amid Israeli Strikes

10th Day of Israel Hamas War: Gaza Records Over 2,600 Fatalities Amid Israeli Strikes

Mon, Oct 16, 2023

Today is the 10th day of IsraelHamasWar, which started from October 7, so far more than 2,600 people have died in Gaza due to Israeli attacks.

Israel Hamas War: First US Arms Shipment Lands At Nevatim Airbase | Joe Biden | Netanyahu

Israel Hamas War: First US Arms Shipment Lands At Nevatim Airbase | Joe Biden | Netanyahu

Wed, Oct 11, 2023

Israel continued to pound targets of Islamist movement Hamas’ as the war entered day 05. A barrage of deadly rockets hit the major hideouts of Hamas, reducing them to rubble. The violence that has claimed more than 1,600 lives so far, prompted Intl support for Israel. Amid the conflict, the US sent its first plane carrying lethal weapons to southern Israel on Oct 10, informed IDF.

European shares start August on sour note as global factory activity falters

European shares start August on sour note as global factory activity falters

Wed, Aug 02, 2023

The pan-European STOXX 600 index closed down 0.9 per cent, in its biggest one-day percentage loss in nearly a month.

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