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NEW YORK, United States (AFP) — European and US stock markets leapt on Friday as positive signs emerged from US-China trade talks aimed at averting an escalation of a tariff war between the world’s top two economies. US President Donald Trump said the negotiations in Beijing were going “extremely well” and his Chinese counterpart Xi Jinping announced the talks would continue in Washington next week. Trump also said there was a “possibility” he would extend […]
NEW YORK, United States (AFP) — Global stocks rose Wednesday on optimism over US-China trade talks, while oil prices gained after the International Energy Agency reported lower output from OPEC producers. Bourses in Asia and Europe advanced, taking cues from Tuesday afternoon when Wall Street rallied on President Donald Trump’s statement that he could delay new tariffs on Chinese goods set to take effect March 1 if a deal is close. US stocks also climbed […]
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 […]
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) — Wall Street stocks finished higher on Wednesday due to improved hopes for the US-China trade talks. The Dow Jones Industrial Average added 0.6 percent at 24,527.27. The broad-based S&P 500 advanced 0.5 percent to 2,651.07, while the tech-rich Nasdaq Composite Index jumped 1.0 percent to 7,098.31. Wall Street stocks have been volatile in recent weeks in part due to unpredictable and ambiguous events connected to the Beijing-Washington trade negotiations. […]
TOKYO, Japan (AFP) — Most Asian markets rose Monday as investors tentatively pick up cheap stocks, with focus on an expected meeting between Donald Trump and Xi Jinping at the weekend that will be watched for signs of a softening in the China-US trade war. The broad gains came despite more hefty selling in energy firms after another collapse in oil prices on Friday, while the pound was flat against the dollar after European Union […]
PORT MORESBY, Papua New Guinea (AFP) — Protectionist actions are short-sighted and doomed to fail, Chinese President Xi Jinping said Saturday ahead of an APEC summit at which US-China trade tensions are likely to take centre stage. “Attempts to erect barriers and cut close economic ties work against the laws of economics and the trends of history. This is a short-sighted approach and it is doomed to failure,” Xi told business leaders on the sidelines of […]
NEW YORK, United States (AFP) — Global stocks mostly pushed higher on Wednesday as investors looked past the latest tit-for-tat tariffs by China and the United States. US President Donald Trump said he will impose 10 percent levies starting next week on another $200 billion of imports from China, prompting Beijing to target $60 billion of US goods with five to 10 percent taxes. Beijing rejected Trump’s claim that it was tailoring retaliatory tariffs goods […]
HONG KONG, China (AFP) — Asian markets sank on Monday following reports that Donald Trump is planning to hit China with another round of tariffs, dealing a blow to hopes for talks between the two economic giants. Traders sent regional equities surging on Thursday and Friday as it emerged that Treasury Secretary Steven Mnuchin had offered to meet officials from Beijing to avert an all-out trade war. However, The Washington Post and Wall Street Journal […]
HONG KONG, China (AFP) — Asian markets sank Friday as the China-US trade row burst back into view with a report that Donald Trump wants to impose tariffs on $200 billion of goods as early as next week. After starting the week with three days of rallies — fuelled by hopes for a new Canada-US-Mexico trade pact and easing Brexit fears — investors were sent running for the hills as the row with Beijing shows […]
WASHINGTON, United States (AFP) — The United States on Friday formally lifted a crippling ban on exports to China’s ZTE, rescuing the smartphone maker from the brink of collapse after it was denied key components. The US Commerce Department said it would continue to monitor the company to prevent further violations of US sanctions on Iran and North Korea. “While we lifted the ban on ZTE, the Department will remain vigilant as we closely monitor […]
