AFP Asia Business
China poised to approve more help for ailing economy
China is expected to unveil a huge support package for the struggling economy Friday as officials wrap up a key meeting eyeing on the possibility of intensified trade tensions with US president-elect Donald Trump.Economists predict Beijing will approve hundreds of billions of dollars of help, with a focus on indebted local governments as well as …
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Asian markets extend rally after Fed cut
Asian equities extended gains Friday, tracking another Wall Street record after the Federal Reserve cut interest rates and on the prospect of market-friendly policies from a Trump administration.Traders are also keenly awaiting the end of a week-long meeting of key Chinese officials who have been hammering out a major stimulus package for the world’s number …
Sacred cow: coal-hungry India eyes bioenergy to cut carbon
Venerated as incarnations of Hindu deities, India’s sacred cows are also being touted as agents of energy transition by a government determined to promote biogas production to cut its dependence on coal.It is an understatement to say that Nakul Kumar Sardana is proud of his new plant at Barsana, in India’s northern Uttar Pradesh state.Firstly, …
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US Fed makes quarter point cut as Powell insists he would not quit
The US Federal Reserve shrugged off concerns about the economic impact of Donald Trump’s election victory and moved ahead with a quarter point cut Thursday. Â Â The Fed sits just a short walk from the White House, where Democratic President Joe Biden will in January hand back the keys to Trump following the Republican’s election win.But …
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