LONDON, Feb 22- Global shares crept higher on Friday as signs of progress on trade offset a worsening economic outlook, while the Aussie dollar recouped some losses after China denied it had halted Australian coal imports. Brent crude oil hit a 2019 high, supported by OPEC's ongoing supply cuts. Chinese shares had faltered earlier amid concern about slowing...
LONDON, Feb 22- Global shares rose on Friday as signs of progress on trade offset a worsening economic outlook, while the Aussie dollar recouped some losses after China denied it had halted Australian coal imports. The pan-European STOXX 600 index was up 0.1 and Germany's DAX 0.2 percent. Chinese shares had faltered earlier amid concern about slowing domestic...
*Fuel exports rise from China, India, S.Korea, Japan& Taiwan. *U.S., Middle East, Europe supply to Asia has also increased. Since 2006, the Asia-Pacific has been the world's biggest oil consuming region, led by traditional industrial users South Korea and Japan along with rising economic powerhouses China and India.
SHANGHAI, Feb 22- Shares in Asia recouped early losses on Friday, buoyed by strong gains in China as signs of progress in trade talks with the United States offset worries about a deteriorating global economic outlook. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.3 percent higher by mid-afternoon, having spent the day dipping in and out of...
SHANGHAI, Feb 22- Shares in Asia slipped on Friday as a deteriorating global economic outlook outweighed further signs of progress in trade talks between China and the United States. After inching higher in early trade, MSCI's broadest index of Asia-Pacific shares outside Japan fell into the red as more markets opened across the region, dipping 0.1 percent.
BOGOTA- Bank of Colombia holds meeting of board of directors. TUESDAY, FEBRUARY 26 MANAMA- Bahrain Finance Minister Shaikh Salman bin Khalifa Al Khalifa, Bahrain Central Bank Governor Rasheed Mohammed Al Maraj, senior bankers and CEOs of major corporates and banks, will participate at the Euromoney GCC Financial Forum 2019. BUDAPEST- The National Bank of...
*No new tariffs on UK oil to China under no-deal Brexit- source. LONDON, Feb 21- A rise in China- bound exports of British oil may soften the potential blow to the sale of UK crude to Asia from a no-deal Brexit, export data showed and trade sources said, offsetting likely lower shipments to South Korea. "Leaving without a deal wouldn't impact the tariffs we face from China," a...
SK Hynix's plans for the factories, producing DRAM and next-generation chips, come as chipmakers prepare for a surge in demand to power new technology such as 5G and artificial intelligence.
*Comes as China aims to become leading chipmaking country. SEOUL, Feb 21- South Korea's SK Hynix Inc on Thursday said it would spend $107 billion building four factories, as the memory chip maker seeks to maintain its competitiveness in the face of Chinese efforts to become a leading chipmaking nation. The plan also intensifies an arms race between South Korea, the...
Mark Newman from Bernstein said Samsung's plan was to the show off the technology, get the manufacturing process going, and get customers used to the concept of a foldable smartphone.
Feb 21- Samsung Electronics Co Ltd has wowed the smartphone industry with the first mainstream foldable screen, accompanied by a nearly $2,000 price tag that generated heated debate as to whether it may prove too expensive to revive slumping sales. "I am blown away," said Patrick Moorhead of Moor Insights& Strategy, adding the phone could help Samsung rejuvenate...
WEDNESDAY, FEBRUARY 20 JOHANNESBURG, South Africa- South Africa Finance Minister Tito Mboweni to present 2019 budget to parliament- 1200 GMT KINGSTON- Bank of Jamaica holds interest rate announcement and monetary policy report. JAKARTA- Indonesia Central Bank holds board of governors' meeting. SYDNEY- Appearance by Philip Lowe, Reserve Bank of Australia...
Asia Pacific is the world's millennial hub, but these five cities are where you want to live.
MONTREAL/ SEOUL, Feb 18- The United States has blocked efforts by a U.N. agency to improve civil aviation in North Korea at a time when Pyongyang is trying to reopen part of its airspace to foreign flights, three sources familiar with the matter told Reuters. The U.S. move is part of a negotiating tactic to maintain sanctions pressure on North Korea, one of the sources...
*Amid big Samsung push in Europe, France's Orange shows interest. SEOUL, Feb 15- Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalise on the security fears hobbling China's Huawei, according to company officials and other industry executives. "Samsung is doing a big push in Europe at the moment," one industry...
*German equities gain after falling on weak China data. LONDON, Feb 15- European shares rose on Friday amid encouraging signs from U.S.- China trade talks, after weak data from both countries sent world stocks into a dive. Talks between China and the United States this week made important progress, President Xi Jinping told top U.S. trade negotiators, and efforts to...
*German equities fall after weak China data. LONDON, Feb 15- European shares recovered on Friday after weak U.S. and Chinese economic data earlier sent global equity markets into a dive. Germany's main stock index, which is exposed to the Chinese economy because of its large number of exporters, was down 0.2 percent by 0932 GMT.
Mixo Das, Asia equity strategist at J.P. Morgan, says he prefers "value stocks" in the first half of this year. He also favors shares in China, Singapore and the Philippines.
South Korea's presidential Blue House pushed back on Wednesday against comments by U.S President Donald Trump, who suggested that Seoul had agreed to pay $500 million more towards maintaining U.S. troops in the country.
South Korea's unemployment rate jumped to a nine-year high in January as more people shunned low-paying work in the face of rising minimum wages, putting further pressure on the economy and deepening policy frustrations for President Moon Jae-in.
Data also provided by 
