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Author's articles
Japanese shares gain on weaker yen after Christmas break
Japanese stocks rose Friday on a weaker yen after a muted day on Wall Street following the Christmas holiday. The yen was "marginally stronger" on Friday, Bloomberg reported, after data showed inflation in Tokyo rose for a second month in December.
Panama president rules out talks with Trump over canal threat
Panamanian President Jose Raul Mulino on Thursday ruled out negotiations with Donald Trump over control of the Panama Canal, which the US president-elect threatened to demand be returned to Washington. If Panama could not ensure "the secure, efficient and reliable operation" of the channel, "then we will demand that the Panama Canal be returned to us, in full, and without question," he said.
Oil leak in Peru tourist zone triggers 'environmental emergency'
Peru has declared an "environmental emergency" after an oil spill that triggered a clean-up operation on a stretch of northern coastline popular with tourists. The leak was detected last Friday on Las Capullanas beach when the crude oil was about to be loaded onto a tanker, the company said at the weekend without specifying the cause or amount of oil spilled.
Turkey lowers interest rate to 47.5 percent
Turkey's central bank lowered its key interest rate on Thursday, the first cut in nearly two years as it battles with double-digit inflation. The central bank began to raise interest rates last year to battle soaring prices, after President Recep Tayyip Erdogan dropped his opposition to orthodox monetary policy.
Asia stocks up as 'Santa Rally' persists
Asia's stocks rose in thin Boxing Day trade on Thursday, extending a "Santa Rally" with key markets Hong Kong and Sydney still shut for the holidays. Stock markets have traditionally fared well in the last five trading days of the year and the first two in the new year, a trend known as the "Santa Claus rally".
Taiwan blocks Uber-Foodpanda merger over monopoly concerns
Taiwan has rejected ride-hailing giant Uber's plan to buy Delivery Hero's Foodpanda on the island, stating on Wednesday that the deal would significantly harm market competition. The US ride-hailing giant was aiming to acquire Foodpanda Taiwan by the first half of 2025 for US$950 million, merging the top two players in Taiwan's food delivery market.
Panamanians protest 'public enemy' Trump's canal threat
Protesters in Panama on Tuesday burned an image of US President-elect Donald Trump following his threat to demand control of the country's interoceanic canal be returned to Washington. If Panama could not ensure "the secure, efficient and reliable operation" of the channel, "then we will demand that the Panama Canal be returned to us, in full, and without question," he said.
Investors swoop in to save German flying taxi startup
A German flying taxi startup was Tuesday saved from collapse after a consortium of investors swooped in at the 11th hour to take over the ailing firm. Mobile Uplift Corporation, a company set up by a consortium of European and North American investors, had signed a deal to buy the assets of the crisis-hit German company, Lilium said.
Panama leaders past and present reject Trump's threat of Canal takeover
The status of the Panama Canal is non-negotiable, President Jose Raul Mulino said in a statement Monday signed alongside former leaders of the country, after Donald Trump's recent threats to reclaim the man-made waterway.
AFP
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