Global stocks were mixed Friday as markets awaited weekend US-China talks amid hopes for a deescalation in the trade war between the world’s two largest economies.”If ever there was a wait and see Friday, this is it,” said Art Hogan of B. Riley Wealth Management. “It’s all about our perceptions of how the trade war …
Stocks mixed as global markets eye US-China tariff talks Read More »
Prime Minister Mark Carney’s new cabinet will be sworn in on Tuesday, launching his first full term in office after winning an election defined by threats from President Donald Trump. Governor General Mary Simon, King Charles III’s representative in Canada, will swear in the new government at a ceremony in Ottawa, her office announced Friday. Carney and …
New cabinet for Canada PM Carney to be sworn in Tuesday Read More »
Chinese exports rose last month despite the trade war raging with the United States, official data showed Friday ahead of talks between the world’s top two economies towards easing the standoff.Experts said that the forecast-smashing 8.1-percent rise indicated that Beijing was re-routing trade to Southeast Asia to mitigate US tariffs of up to 145 percent …
China exports beat forecasts ahead of US tariff talks Read More »
Japanese electronics giant Panasonic, which supplies batteries to Tesla, said Friday it will target 10,000 job cuts worldwide as part of efforts to boost profitability.The cuts, which represent around four percent of the group’s workforce of nearly 230,000, will be implemented mainly in the current financial year to March, it said.Panasonic said it would “thoroughly …
Japan’s Panasonic targets 10,000 job cuts worldwide Read More »
China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival.Trade between the world’s two largest economies has nearly skidded to a halt since US President Donald Trump imposed various rounds of levies on China that began as …
China sales to US slump even as exports beat forecasts Read More »
A formidable set of cards that includes granting access to its vast market and an ability to withstand economic pain will allow Beijing to play hardball in upcoming trade talks with the United States in Geneva, analysts say.Trade between the world’s two largest economies has nearly skidded to a halt since US President Donald Trump …
China can play hardball at looming trade talks with US: analysts Read More »
US and Chinese officials meet this weekend in Geneva for their first formal talks aimed at resolving a gruelling tit-for-tat tariff war that threatens hundreds of billions in trade and roiled global markets and supply chains.AFP looks at how the trade row between the world’s two economic superpowers is playing out:- What steps have the …
Surrounded by samples of silk and glittering tweed in one of China’s largest fabric markets, textiles exporter Cherry said she was anxiously awaiting the result of trade talks with the United States this weekend.Her company, which relies on US customers for around half its client base, is one of many caught in the crosshairs as …
Chinese fabric exporters anxious for US trade patch-up Read More »
Most Asian equities rose Friday on growing optimism that the worst of Donald Trump’s trade war is past after he reached a deal with Britain and suggested he could lower tariffs on China as officials prepare for high-stakes talks this weekend.The mood among investors has improved substantially since the US president unveiled his “Liberation Day” …
Asian stocks lifted by hopes for US-China talks after UK deal Read More »
Robert Francis Prevost became the first pope from the United States on Thursday, picking the papal name Leo XIV after cardinals from around the world elected him leader of the world’s 1.4 billion Catholics.Tens of thousands of people packed in St Peter’s Square cheered as Prevost appeared on the balcony of St Peter’s Basilica, waving …
