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by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) — The United States said Monday it will need to see “something concrete” from China in the next 90 days to build a real agreement on trade, two days after Donald Trump and Xi Jinping called a truce in the escalating confrontation between the two economic powerhouses. Treasury Secretary Steven Mnuchin said on CNBC the US and China had held “very specific discussions” in Buenos […]
TOKYO, Japan (AFP) — Tokyo shares opened higher Monday, with other regional bourses following suit, as investors breathed a sigh of relief after the US and China agreed to suspend new tariffs in their escalating trade war. Investors returned to buying after the long-awaited meeting between US President Donald Trump and Chinese President Xi Jinping on the sidelines of weekend G20 talks in Argentina. The leaders of the world’s top two economies agreed not to […]
HONG KONG, China (AFP) — Hong Kong and Shanghai led a surge across Asian markets Monday after the United States agreed to suspend imposing tariffs on China for three months, while oil prices soared on expectations of a big production cut. In a much-anticipated meeting between Donald Trump and Xi Jinping at the weekend, the heads of the world’s two biggest economies hammered out a deal that will see them hold off on their tit-for-tat […]
BUENOS AIRES, Argentina (AFP) — China and Argentina signed a $9 billion currency swap deal to boost the crisis-stricken South American country’s foreign currency reserves, its central bank announced Sunday. Struggling to recover after a currency crisis earlier this year, Latin America’s third largest economy sought the help of the International Monetary Fund — which approved a $56 billion loan package. Now, this latest agreement will “contribute to greater financial stability and also facilitate trade” […]
BUENOS AIRES, Argentina (AFP) — US President Donald Trump and his Chinese counterpart Xi Jinping on Saturday struck a deal at working dinner on the sidelines of the G20 summit to effectively stall their trade war. Trump hailed what he described as “an amazing and productive meeting with unlimited possibilities” for both countries, and said it was a “great honor” to work with Xi. Here are the main points of the deal: – Tariffs – […]
BUENOS AIRES, Argentina (AFP) — The United States said Saturday that it agreed in a long-awaited summit with China to suspend new tariffs for 90 days as the two powers seek to end a trade war. The White House said a threatened increase of tariffs on $200 billion worth of Chinese goods from 10 to 25 percent, which was set to take effect on January 1, would be put off for 90 days. “If […]
(Eagle News)—Senator Leila de Lima lashed out at President Rodrigo Duterte’s administration anew, calling it a “puppet of China” for its “sell-out of the Philippines’ sovereignty and national patrimony.” In a statement, De Lima noted what she said was the break in protocol during Chinese President Xi Jinping’s state visit where he was allegedly welcomed as a “victorious conqueror.” She said during the honor guard ceremony last Nov. 20, Malacañang allowed the Chinese flag to be […]
PUTRAJAYA, Malaysia (AFP) — Relatives of those on board Malaysia Airlines Flight MH370 Friday handed over new-found debris believed to be from the ill-fated plane, hoping it could help shed light on the jet’s mysterious disappearance four years ago. The Boeing 777 jet with 239 people on board vanished on March 8, 2014 during a routine flight from Kuala Lumpur in the world’s greatest aviation mystery. An official report released in July following a […]
BEIJING, China (AFP) — China on Friday scolded the United States for sending naval vessels close to disputed islands in the South China Sea where Beijing has built military installations. The US and its allies have in recent times sent planes and warships to the area for “freedom of navigation” operations, intended as a signal to Beijing of their right under international law to pass through the waters claimed by China. The USS Chancellorsville guided […]
WELLINGTON, New Zealand (AFP) — New Zealand denied Thursday that telecommunications giant Huawei was banned from a 5G network rollout because it is Chinese, saying the problem it faced was a technological one. Wellington also dismissed suggestions its intelligence services came under pressure from allies in the “Five Eyes” spy network to bar Huawei amid fears about cybersecurity and its potential links to Beijing. “It’s not about the country, it’s not even particularly about the […]
by Denis BARNETT Agence France Presse BUENOS AIRES, Argentina (AFP) — World leaders began arriving in Argentina Wednesday ahead of a G20 summit dogged by increasingly strident warnings about the impact on the world economy of threatened US trade tariffs. US President Donald Trump’s trade war with China is a dominant theme at the weekend summit but one sideshow is how leaders deal with the presence of Saudi Crown Prince Mohammed bin Salman. The de […]
MADRID, Spain (AFP) — China’s President Xi Jinping told Spanish lawmakers on Wednesday his country would boost protection of intellectual property ahead of a G20 meeting where he faces a trade showdown with the United States. Xi is due to meet his US counterpart Donald Trump at the gathering in Argentina this week, with Washington threatening to ramp up a trade war with Beijing if it doesn’t allay US concerns over intellectual property theft and […]
