Taking on the Mideast diplomatic flurry in Paris, the upcoming EU presidential vote, the NATO mission in Afghanistan, Franco-German relations and US President Barack Obama’s Asian tour in FRANCE 24’s weekly news analysis roundup.
Taking on the Mideast diplomatic flurry in Paris, the upcoming EU presidential vote, the NATO mission in Afghanistan, Franco-German relations and US President Barack Obama’s Asian tour in FRANCE 24’s weekly news analysis roundup.
Energy group Chevron has made a major offshore natural gas discovery off Western Australia, boosting the potential of the Gorgon project which is due to begin supplying natural gas to much of Asia from 2014.
News that Japan's economy had clawed its way out of recession in the second quarter could not prevent Asian equities from taking a beating on Monday as investors’ confidence was dampened by weaker-than-expected US consumer confidence.
Asian stocks jumped to a two-month high, dragging European shares in their wake, as markets responded positively to US Treasury Secretary Timothy Geithner's plan to rid banks of toxic assets.
Asian stocks jumped on Wednesday, after US banking giant Citigroup unveiled better-than-expected results. Japanese share prices rose nearly four percent in early trade while Wall Street soared six percent overnight.
Tokyo's main index, the Nikkei, fell around 3 % on Friday while the Topix reached a 25-year low. Asian markets were responding to lows on Wall Street after GM announced it may file for bankruptcy.
After a Wall Street dive due to losses reported by giants AIG and HSBC, Asian markets continued to fall early Tuesday. Tokyo's Nikkei dropped by 1%, coming close to its lowest point since 1982.
Asian markets bounced back on Wednesday, spurred by a late surge on Wall Street. Investors continued to shun the yen, however, amid growing fears about Japan's political troubles and stalling economy.
