
AFP
17723 articles published since 08 Mar 2022
17723 articles published since 08 Mar 2022
Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation last year. Formal agreements were delayed due to protracted negotiations, making Friday’s deal with Japan the first with an official creditor of the South Asian nation.
Donald Trump on Friday hosts top cryptocurrency players at the White House, a political boost for an industry that has struggled to gain legitimacy -- and where the Republican president faces conflict of interest concerns. In a post on X, Sacks said the event would take place as a roundtable, and despite industry interest, the White House would have to "keep it small."
Indonesia approved local certificates for more than a dozen Apple products on Friday, the industry ministry said, moving the tech giant a step closer to having a ban lifted on iPhone sales in Southeast Asia's biggest economy. "We have issued local content requirement certificates for 20 Apple products," Industry Ministry spokesperson Febri Hendri Antoni Arief said in a statement.
China's exports grew slower than expected in the first two months of the year, official data showed Friday, as a deepening trade war with the United States piles on economic malaise. Exports in US dollar terms in January and February combined grew 2.3 percent compared to the same period last year, official data from China's customs administration showed Friday.
Asian stocks tumbled at the open Friday following a tough day on Wall Street as uncertainty over US President Donald Trump's trade policies roiled markets and traders awaited key US jobs data. Traders were looking ahead to Friday's US jobs report for February, a key indicator of economic health.
China's retaliatory tariffs against US farm produce from corn to chicken are designed to hurt Donald Trump's voter base, but remain restrained enough to allow room for the adversaries to hash out a trade deal, analysts say.
China's foreign minister on Friday vowed Beijing would "firmly counter" US pressure, after Donald Trump heaped tariffs on Chinese goods and torched off a trade war between the world's two largest economies.
Troubled Australian casino operator Star Entertainment said Friday it is trying to sell its stake in a major resort to raise desperately needed cash. Star Entertainment was discussing selling its 50-percent stake in the Brisbane joint venture to the two partners -- so far in vain, it said.
After an outcry from Detroit, President Donald Trump has granted one-month tariff exemptions on most auto imports from Canada and Mexico, underscoring the continued clout of US carmakers. While greeting Trump's tariff reprieve for USMCA-covered auto imports, automakers recognized the pause is only for one month.
AFP
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