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By Shaun TANDON The scene would be unthinkable elsewhere these days — US and Chinese envoys, smiling and embracing, hailing their friendship as leading the world together in the right direction. But the spirit of cooperation was on full display in Dubai, where a UN climate summit on Wednesday sealed a historic if watered-down agreement to begin to transition away from oil, gas and coal, the main culprits in the planetary crisis. Hailing the summit […]
HONG KONG, China (AFP) — Asian markets rose early Thursday as details were released of the China-US trade deal signed in Washington, with analysts saying it would allow investors to turn their focus to the global outlook and earnings season. After years of painstaking on-off talks between the economic superpowers, Donald Trump finally put pen to paper on an agreement that lowers tensions between the two and provides a major boost to the global outlook. […]
NEW YORK, United States (AFP) — Stocks floated higher on Thursday, lifted by positive sentiment surrounding the US-China trade war, while the pound steadied after a Brexit-fueled slump. China’s Commerce Ministry hinted Beijing could break the cycle of tit-for-tat retaliation in the trade war with the United States, while in Washington US President Donald Trump said the two sides continued to talk. Hope the countries could avoid catastrophe sent Wall Street higher for a second […]
HONG KONG, China (AFP) — Markets retreated in Asia on Tuesday as uncertainty over the China-US trade talks was compounded by increasing tensions in Hong Kong and an economic crisis in Argentina. Investor confidence has been knocked this month by a perfect storm of negative issues, only slightly offset by hopes for further central bank easing measures as the global outlook dims. Comments from Donald Trump throwing next month’s planned trade talks into doubt, as […]
HONG KONG, China (AFP) — Asian markets were tempered Thursday after two days of gains as doubts emerged over next week’s US-China trade meeting. Reports that Donald Trump’s Trade Representative Robert Lighthizer will lead a delegation to China next week to resume trade talks buoyed markets on Wednesday. The meeting would be the first head-to-head since negotiations were cut short in May by Trump’s surprise decision to hit China with more tariffs for what he […]
HONG KONG, China (AFP) — Asian markets rose Thursday as investors brushed off Donald Trump’s latest dig at China and threat to impose more tariffs on the country’s goods if crunch talks with Xi Jingping fail this weekend. Before setting off for the G20 summit in Japan the president said in an interview that he had a “Plan B” in case the face-to-face shows no progress, adding he would “take in billions and billions of […]
HONG KONG, China (AFP) — Asian stocks largely fell Tuesday, reversing early gains on a bargain-hunting push by investors, as global trade tensions continued to weigh on markets. Fears of an economic slowdown have mounted in recent days as US President Donald Trump has threatened Mexico with tariffs, adding to anxieties over the US-China trade war, which shows no signs of a resolution. The market’s “assumption that the slowing global economy would recover later this […]
(Eagle News) – Malaysian Prime Minister Mahathir Mohamad said that the escalating US-China trade war is affecting other nations, as he urged more dialogue between the two superpowers. Mahathir was the keynote speaker in the opening of the 25th Future of Asia conference in Tokyo on Thursday, May 30, which is sponsored by Nikkei. The 93-year old Southeast Asian leader said that the US-China trade war is creating instability and uncertainty in the world. […]
HONG KONG, China (AFP) — President Donald Trump sent Asian markets plunging Monday after threatening to hike tariffs on $200 billion of Chinese goods at the end of the week in a bid to speed up stuttering trade talks between the economic superpowers. Shanghai and Hong Kong equities led big losses across the region, with the Chinese yuan also taking a battering after the president threw a spanner into the high-level negotiations, which many observers […]
HONG KONG, China (AFP) — The pound retreated from nine-month highs in Asia on Thursday as investors are dogged by Brexit uncertainty, while equities were mixed as a healthy Wall Street lead was offset by more disappointing Chinese economic data. In another night of drama in Westminster, MPs voted against leaving the European Union without a deal, having rejected Prime Minister Theresa May’s agreement with the bloc for a second time. The move sent the […]
NEW YORK, United States (AFP) — Global stocks were mixed Thursday following lackluster economic data as high-stakes trade talks between the US and China resumed in Washington. Frankfurt was a touch higher at the close and Paris ended flat, while London lost nearly one percent, and US stocks fell. Fresh economic data showed manufacturing in the eurozone and Japan shrank in February, which was seen as evidence of global economic sluggishness amid the US-China trade […]
WASHINGTON, United States (AFP) — President Donald Trump said Tuesday that trade talks with China are complex but are “going very well” and again indicated the March 1 deadline for raising tariffs could be extended. Officials on Tuesday resumed the high-stakes negotiations aimed at ending a damaging tariff war between the economic superpowers. “I think the talks are going very well,” Trump said on the sidelines of an event at the White House. But he […]
