Asian equities tumbled, oil prices plunged and the safe-haven yen strengthened early on Monday as trade negotiations between China and the United States deteriorated suddenly, reversing apparent progress made in recent months.
WASHINGTON: President Donald Trump dramatically increased pressure on China to reach a trade deal by announcing on Sunday he would hike U.S. tariffs on US$200 billion worth of Chinese goods this week and target hundreds of billions more soon. The move marked a major escalation in trade tensions ......
WASHINGTON: US President Donald Trump announced on Sunday (May 5) that the United States would raise tariffs on US$200 billion of Chinese goods to 25 per cent this week, because trade talks are moving "too slowly". Trump's action came as a major Chinese delegation is expected to arrive Wednesday ......
There’s a reason labour historians call these perks welfare capitalism, says University of Oregon Elizabeth C Tippett.
CHICAGO/WASHINGTON: Boeing Co did not tell U.S. regulators for more than a year that it inadvertently made an alarm alerting pilots to a mismatch of flight data optional on the 737 MAX, instead of standard as on earlier 737s, but insisted on Sunday the missing display represented no safety...
WASHINGTON: US and Chinese officials say a historic deal ending their ongoing trade war could be imminent, but a key question is how can Washington be sure Beijing will live up to its end of the bargain? With up to 100 Chinese officials reportedly expected next week in Washington,...
Federal Reserve policymakers fear they are ill-equipped to battle the next recession under their current inflation-targeting approach, and this year are well into an effort to vet new strategies for managing interest rates in a world of muted inflation and low borrowing costs.
WASHINGTON: President Donald Trump on Sunday dramatically increased pressure on China to reach a trade deal by announcing he will hike U.S. tariffs on US$200 billion worth of Chinese goods this week and target hundreds of billions more soon. The announcement via Twitter marks a major shift in tone...
WASHINGTON: US President Donald Trump announced on Sunday (May 5) that the United States would raise tariffs on US$200 billion of Chinese goods to 25 per cent this week, because trade talks are moving "too slowly." Trump's action came as a major Chinese delegation is expected to arrive Wednesday ......
Airbus is considering suing the German government as its freeze on arms exports to Saudi Arabia means the company is unable to complete a border security system for the Gulf state, two people familiar with the matter said.
