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HONG KONG, China (AFP) –Asian markets fluctuated Wednesday following a negative lead from Wall Street as investors grow nervous about the chances of success in China-US trade talks ahead of a crunch meeting next week. The mood remains cautious, with the rally that has characterized the start of the year stuttering owing to a slowing Chinese economy, a softer global outlook and other issues including Brexit and the US government shutdown, which shows no sign […]
WASHINGTON, United States (AFP) — The White House on Tuesday said high-level trade talks with Beijing were proceeding uninterrupted, quickly rebutting media reports that progress toward resolving their trade war had faltered. Chinese Vice Premier Liu He is to meet his US counterparts in Washington next week as the two sides work to resolve their trade disagreements by March 1, when a 90-day truce is due to expire, allowing US import duties on Chinese goods […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — Global stocks fell Tuesday amid revived worries over US-China trade relations and a sense the January rally is fading. Wall Street indices, which have been on a nearly unbroken ride higher the last four weeks, following December’s rout, fell more than one percent. Earlier, European and Asian shares also pulled back due in part also to profit taking and economic worries after the […]
HONG KONG, China (AFP) — Asian markets rallied Friday as another broadly positive week drew to a close, with investors cheered by a report that the US was considering lifting tariffs on China as officials look to hammer out a trade deal. Optimism that the world’s top two economies are on course to reach a deal ending their long-running trade row has helped boost equities across the world this year. And while news that the […]
WASHINGTON, United States (AFP) — US officials have considered lifting tariffs on Chinese imports to calm volatile stock markets and encourage Beijing to make concessions in current trade talks, The Wall Street Journal reported Thursday. American and Chinese trade officials have until March 1 to resolve their trade war, to prevent a sharp increase in punitive US duties on $200 billion in Chinese goods. Treasury Secretary Steven Mnuchin raised the idea of revoking tariffs on […]
BEIJING, China (AFP) — China’s trade surplus with the United States widened last year, data showed Monday, while the country’s imports and exports fell in December as the long-running trade war begins to bite in the world’s number two economy. The surplus with the US is a major source of anger within the Trump administration, which imposed tariffs on hundreds of billions of dollars worth of Chinese goods last year and has warned of more […]
BEIJING, China (AFP) — China’s global trade volume rose last year but its surplus fell again as its imports outpaced its exports, official data released Monday showed amid a bruising trade war with the United States. Total trade reached $4.62 trillion, a 12.6 percent rise from 2017, according to customs data. But the trade surplus for the world’s second largest economy fell 16.2 percent to $351.76 billion, as imports rose 15.8 percent while exports gained […]
HONG KONG, China (AFP) — Increasing optimism that China and the US will be able to hammer out a deal to help ease their trade war provided the impetus for more gains across Asian markets on Wednesday. After taking a battering in December and suffering a shaky start to 2019, confidence is slowly returning to equity trading floors, though dealers remain on edge. Federal Reserve boss Jerome Powell provided the platform for a rally last […]
NEW YORK, United States (AFP) — Global stocks mostly rose on Tuesday as traders welcomed signs of apparent progress in the US-China trade standoff. European equities closed solidly firmer, while Wall Street posted its third straight positive session, in a welcome bounce after December’s rout. Trade talks in Beijing were set to continue on Wednesday in the first face-to-face meetings since US President Donald Trump and Chinese President Xi Jinping agreed to a tariff truce […]
NEW YORK, United States (AFP) – Amazon for the first time closed out Monday’s trading session as the world’s biggest publicly-traded company, overtaking Microsoft and other fellow tech behemoths. The online sales goliath assumed the top spot after notching a 3.4 percent gain to finish with a market capitalization of $796.8 billion, about $13.2 billion more than Microsoft. Led by Chief Executive Jeff Bezos, Amazon has seen remarkable growth as its business has spread beyond […]
BEIJING, China (AFP) — A US government delegation will visit China Monday and Tuesday for the first face-to-face talks since President Donald Trump and his Chinese counterpart agreed on a temporary truce in the trade war, China’s commerce ministry said. The US team will be led by Deputy US Trade Representative Jeffrey Gerrish and will discuss “implementing the important consensus” reached by Trump and Chinese President Xi Jinping at the sidelines of the G20 summit in […]
NEW YORK, United States (AFP) — A US government delegation will travel to Beijing in early January for the first face-to-face talks since President Donald Trump and his Chinese counterpart agreed to a truce in their tariff war, Bloomberg News reported Wednesday. Deputy US Trade Representative Jeffrey Gerrish will lead the US team for talks during the week of January 7, Bloomberg said, citing two people familiar with the matter. Word of the meeting follows […]
