Tag: #Asia
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Hong Kong stocks end morning higher
Hong Kong, March 11 (AFP/APP):Hong Kong stocks rallied Thursday morning, in line with most Asian markets and following a record on Wall Street, as US price data soothed concerns about a surge in inflation caused by the expected global recovery this year. The Hang Seng Index rose 1.60 percent, or 463.71 points, to 29,371.23. Stay…
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Most Asian markets fall as inflation fears trump signs of recovery
Hong Kong, March 8 (AFP/APP):Asian markets mostly fell Monday as persistent inflation fears overshadowed a forecast-busting US jobs report and Senate approval of Joe Biden’s huge stimulus package, while Brent crude broke past $70 for the first time since January last year after an attack on energy facilities in Saudi Arabia. Traders were given a…
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European stocks climb, bucking Asia losses
London, March 2 (AFP/APP):European stock markets extended gains Tuesday despite Asian losses as investors assessed the outlook for global interest rates, dealers said. Equities rebounded Monday from last week’s heavy selloff on easing US money market rates, fading inflation fears plus progress on coronavirus vaccine rollouts and the passage of President Joe Biden’s $1.9-trillion stimulus…
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Diplomacy is the art of good Bureaucracy
Diplomacy and battle action go side by side in deciding relations between countries. In diplomacy, generally countries enjoy bilateral agreements, concessions and mutual trust for the benefit of their peoples which is the art of good bureaucracy but some time in a diplomacy we go through tough conditions, a powerful country dictations such as ‘do…
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European stock markets slide at open
London, Feb 22 (AFP/APP):European stock markets slid at the start of trading on Monday following falls across much of Asia. London’s benchmark FTSE 100 index dropped 0.5 percent to 6,590.64 points, with British Prime Minister Boris Johnson set to outline later in the day how England will exit its third pandemic lockdown. In the eurozone,…
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Asian markets mixed as recovery pace fuels rate-hike fear
Hong Kong, Feb 19 (AFP/APP):Asian markets were mixed Friday as fears that the global recovery will fire inflation continued to niggle investor sentiment as they faced up to the fact that interest rates will not be kept at record lows forever. The rollout of vaccines, falling infection rates and the prospect of another mammoth US…
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ADB lauds digital technologies as key to Asia’s COVID-19 recovery
MANILA, Feb. 10 (Xinhua/APP):Digital platforms and other technology-based tools are providing new growth opportunities for businesses in Asia and the Pacific, a trend that could contribute to the region’s recovery from the COVID-19 pandemic, according to a new Asian Development Bank (ADB) report released on Wednesday. “A digital platform creates a virtual place for communities…
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India disaster highlights pressure on Asia’s great rivers
The glacial burst in India causing a deadly flash flood was a disaster waiting to happen, and one likely to be repeated in a region transformed by climate change experts say
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Mukesh Ambani is no more Asia’s richest person now
Lahore, 31st December: India’s Mukesh Ambani has been unseated as Asia’s richest person by a Chinese Mr Zhong Shanshan. Baaghi TV: According to a recent study, Asia now has a new richest person, who tops the list now thanks to his vaccine-making firm and bottled water company. Reports from BBC News say that Zhong Shanshan…
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Asian Markets Fell Due to Strict Measures taken to Control the Spread of Covid
Hong Kong, Dec 15 (AFP/APP): Asian markets fell across the board Tuesday as surging virus infections force governments to impose tighter containment measures, trumping the rollout of vaccines, while the pound held gains on hopes for a post-Brexit trade deal. The downbeat mood also comes despite some optimism that US lawmakers are inching towards finally…