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Chinese Stocks

Oil still above $80 as Asia shares rally

Asian share markets was black on Monday as the promise of more stimulus boosted Chinese stocks for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit.
US President Donald Trump speaks during the inaugural meeting of the President’s National Council for the American Worker as Labor Secretary Alex Acosta looks on at the White House in Washington, DC, on September 17, 2018. - AFP - NICHOLAS KAMM

Donald Trump hits China with tariffs on another $200 bn in goods

US President Donald Trump on Monday defied warnings and escalated the trade confrontation with China, hitting the country with tariffs starting next week on another $200 billion in imports and threatening to target even more if Beijing retaliates.
Donald Trump

Chinese media mocks Donald Trump’s trade war claims as ‘wishful thinking’

Chinese state media kept up their criticism of U.S. President Donald Trump’s trade policies, with a newspaper on Tuesday describing as “wishful thinking” Trump’s belief that a fall in Chinese stocks was a sign of his winning the trade war.
China's Premier Li Keqiang speaks during the China-EU Business Roundtable at the Great Hall of the People in Beijing on July 16, 2018. The European Union on July 16 called on the United States, China and Russia to work together to cool worsening global trade tensions, warning that they could spiral into violent "conflict and chaos." / AFP PHOTO / POOL / Ng Han Guan

Chinese stocks close higher on government stimulus signal

Chinese stocks closed solidly higher on Tuesday after the government signalled it would shift to a looser fiscal policy to shield the world's second-largest economy from the worsening trade row with Washington.
A man walks past a stock indicator showing share prices on the Tokyo Stock Exchange in Tokyo on July 23, 2018. Tokyo stocks fell on July 23 for a third straight trading day as the yen firmed against the dollar after US President Donald Trump accused China and the European Union of manipulating their currencies./ AFP PHOTO / Kazuhiro NOGI

Tokyo stocks close higher

Tokyo stocks closed higher on Tuesday as Beijing's stimulus measures pushed up Chinese shares, while investor focus shifted to corporate earnings reports expected over the coming weeks.
china yuan dollar

China’s trade surplus with US hits $28 billion

China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington.
Smoke and flame rise from an oil storage tank that was set on fire amid fighting between rival factions at Ras Lanuf terminal, Libya in this handout picture released on June 18, 2018. The National Oil Corporation. Handout via Reuters

Oil prices rise after Libya declares force majeure on some supplies

Oil prices rose on Tuesday after Libya declared force majeure on some of its supplies, although an overall rise in OPEC output and slumping Asian markets kept a lid on gains.

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This image made available by International Federation of Red Cross and Red Crescent Societies (IFRC) on Monday March 18, 2019, shows an aerial view from a helicopter of flooding in Beira, Mozambique. The Red Cross says that as much as 90 percent of Mozambique's central port city of Beira has been damaged or destroyed by tropical Cyclone Idai. (Caroline Haga/International Federation of Red Cross and Red Crescent Societies (IFRC) via AP)

UN says 1.7 million people in path of cyclone in Mozambique

A storm ravaging southern Africa is possibly the worst weather-related disaster ever to hit the southern hemisphere, with 1.7 million people in the path of the cyclone in Mozambique, UN officials said on Tuesday.

Federal government considering increase of VAT to fund national minimum wage

The federal government has made known its intention to upwardly review the Value Added Tax (VAT) as a means of funding the national minimum wage.
Eddie Efekoha

Stakeholders charge insurers to increase capital base

The managing director/CEO, Consolidated Hallmark Insurance Plc, Mr. Eddie Efekoha, has charged his colleagues in the business of insurance to shore up their capital base, irrespective of the cancellation of the recapitalisation exercise by the National Insurance Commission (NAICOM).

Landmines kill eight in Borno community

Eight people have been reportedly killed by landmines in Gwoza local government area of Borno State.
Hoffenheim have announced that Alfred Schreuder will take over as head coach from Julian Nagelsmann at the start of next season.

Alfred Schreuder to succeed Julian Nagelsmann as Hoffenheim coach

Hoffenheim have announced that Alfred Schreuder will take over as head coach from the start of next season.