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POPULAR NEWS
Crude Oil Dips Amid Mixed Signals on Trade Talks From Trump

Oil eased in Asian trading Monday after President Donald Trump said trade talks with Beijing were progressing, while casting doubt on how far the White House was prepared to bend in removing tariffs. Brent crude futures were down 0.3%, after rising 0.4% on Friday. The global crude benchmark gained 1.3% over the past week. Trump said Saturday that negotiations with China are moving along œvery nicely, and said the leaders in Beijing wanted a deal œmuch more than I do....

Gold falls to three-month low as demand for haven assets wanes

Gold futures settled firmly lower Monday, driving the yellow metal to the weakest level level in about three months. December gold concluded the session off $5.80, or 0.4%, at $1,457.10, marking the lowest finish for the most-active contract since early August, according to Dow Jones Market Data. A recent resurgence in equity markets, notably the Dow Jones Industrial Average and the S&P 500 index have sapped demand for gold and assets perceived as havens, including Treasurys. Indeed,...

Tokyo stocks open higher on trade hopes

Tokyo stocks opened higher on Monday, helped by rallies on Wall Street amid increasing optimism over the US-China trade talks. The benchmark Nikkei 225 index climbed 0.21 percent or 49.05 points at 23,440.92 in early trade, while the broader Topix index was up 0.36 percent or 6.12 points at 1,708.89. Source: AFP

Dollar consolidates gains amid cautious optimism on tariff deal

The dollar held near multi-week highs on Monday amid optimism that the United States and China would roll back tariffs that have hurt global growth. Against the Australian dollar the greenback stood just below a two-week peak at $0.6857. Against the New Zealand dollar, it was close to a month high at $0.6336, and likewise against a basket of currencies at 98.358. Moves were slight as traders kept a wary eye for further news on the U.S.-China trade war. The dollar was marginally weaker...

Asian shares pick up on U.S.-China trade deal hopes

Asian shares edged higher on Monday after U.S. President Donald Trump said over the weekend that trade talks with China were moving along œvery nicely, though uncertainty remained over whether a deal would be signed this year. Japan's Nikkei was up 0.2% to inch closer to a recent 13-month high. Australian shares rose 0.5% to a two-week high while South Korea's KOSPI was off 0.2%. That left MSCI™s broadest index of Asia-Pacific shares outside Japan 0.05% firmer at 534.63, testing a...

In Taiwan, Airline Employees Go on Strike for Second Time this Year
Tuesday, 25 June 2019 19:15 WIB | GLOBAL |Global

Taiwan™s second airline employee strike this year to date has impacted more than 25,000 passengers just before a peak travel season, showing the powers of labor unions that are uncommon elsewhere in Asia and even among other Taiwanese professions.

An Eva Airways strike that entered its fifth day Monday had spiked about 60% of scheduled flights hit about 25,300 travelers, many of whom were bumped to other airlines. About 2,000 people, two-thirds of all flight attendants, walked away from their posts as many Taiwanese were planning summer holidays.

In February, about 600 of the 900 unionized pilots of China Airlines went on strike for a week during the Lunar New Year travel season. Eva and China Airlines are Taiwan's two biggest carriers, taking passengers daily as far as North America.

Few other Asian airlines have weathered strikes, as many major carriers are state-owned or their home countries lack effective labor unions, analysts believe.

œThis is really related to the fact that the trade unions there hold relatively more power than the rest of what we see in Asia, said Paul Yong, an aviation analyst with DBS Bank in Singapore. œThe power or the amount of influence trade unions have in any country I think is built up over time, and it™s also a function of how powerful the government allows it to be, and to a certain extent also social norms.

Eva Airways flight attendants backed by the Taoyuan Flight Attendants Union have eight demands, including more pay and less overtime on international flights, union member Chou Pei-ru said Monday. Some flights sometimes force workers to wait in overseas airports for weather delays, Chou said. The union is demanding as well more access to the airline™s management to discuss whatever issues come up, she said.

The China Airlines pilots wanted higher salaries and more staffing to ease fatigue on longer flights. The airline agreed to increase the number of pilots.

The exposure is obvious to passengers. Eva Airways had cancelled 158 flights as of Sunday and estimated a business loss of $18.7 million, the company said in a notice to the Taiwan Stock Exchange.  A media office representative with the airline declined comment Monday and said other spokespeople were in all-day meetings.

The February strike by the Pilots Union Taoyuan led to cancellation of 80 flights and $34 million in business losses for China Airlines, the company said then in its own statement to the stock exchange.

Source : VOA

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POPULAR NEWS
Crude Oil Dips Amid Mixed Signals on Trade Talks From Trump

Oil eased in Asian trading Monday after President Donald Trump said trade talks with Beijing were progressing, while casting doubt on how far the White House was prepared to bend in removing tariffs. Brent crude futures were down 0.3%, after rising 0.4% on Friday. The global crude benchmark gained 1.3% over the past week. Trump said Saturday that negotiations with China are moving along œvery nicely, and said the leaders in Beijing wanted a deal œmuch more than I do....

Gold falls to three-month low as demand for haven assets wanes

Gold futures settled firmly lower Monday, driving the yellow metal to the weakest level level in about three months. December gold concluded the session off $5.80, or 0.4%, at $1,457.10, marking the lowest finish for the most-active contract since early August, according to Dow Jones Market Data. A recent resurgence in equity markets, notably the Dow Jones Industrial Average and the S&P 500 index have sapped demand for gold and assets perceived as havens, including Treasurys. Indeed,...

Tokyo stocks open higher on trade hopes

Tokyo stocks opened higher on Monday, helped by rallies on Wall Street amid increasing optimism over the US-China trade talks. The benchmark Nikkei 225 index climbed 0.21 percent or 49.05 points at 23,440.92 in early trade, while the broader Topix index was up 0.36 percent or 6.12 points at 1,708.89. Source: AFP

Dollar consolidates gains amid cautious optimism on tariff deal

The dollar held near multi-week highs on Monday amid optimism that the United States and China would roll back tariffs that have hurt global growth. Against the Australian dollar the greenback stood just below a two-week peak at $0.6857. Against the New Zealand dollar, it was close to a month high at $0.6336, and likewise against a basket of currencies at 98.358. Moves were slight as traders kept a wary eye for further news on the U.S.-China trade war. The dollar was marginally weaker...

Asian shares pick up on U.S.-China trade deal hopes

Asian shares edged higher on Monday after U.S. President Donald Trump said over the weekend that trade talks with China were moving along œvery nicely, though uncertainty remained over whether a deal would be signed this year. Japan's Nikkei was up 0.2% to inch closer to a recent 13-month high. Australian shares rose 0.5% to a two-week high while South Korea's KOSPI was off 0.2%. That left MSCI™s broadest index of Asia-Pacific shares outside Japan 0.05% firmer at 534.63, testing a...

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