Asian markets were mixed in holiday-thinned trade Friday as investors keep tabs on countries’ tariff talks with the White House, while Donald Trump’s remarks that he was reluctant to hike levies on Beijing even more provided a little support.Governments around the world are lining up to visit the US president’s team as they look to …
Asian markets mixed as traders track tariff talks Read More »
Rice prices in Japan last month were almost twice what they were a year earlier, official data showed Friday, as core inflation accelerated in the world’s number four economy.The price of the grain has soared in recent months, prompting Japan’s government to release some of its emergency stockpile into the market.Excluding fresh food, consumer prices …
Japan rice prices soar as core inflation accelerates Read More »
President Donald Trump said Thursday that the United States was in talks with China on tariffs, adding that he was confident the world’s largest economies could make a deal to end a bitter trade war.”Yeah, we’re talking to China,” Trump told reporters in the Oval Office. “I would say they have reached out a number …
Stock markets wavered Thursday despite another interest rate cut by the European Central Bank as investors remain on edge over the fallout from President Donald Trump’s tariffs blitz.In New York, the Dow and the tech-heavy Nasdaq extended losses while the broad-based S&P 500 edged up.Wall Street had slumped on Wednesday as Federal Reserve chief Jerome …
Stocks waver as ECB cuts rate, Trump slams Fed chief Read More »
Chinese President Xi Jinping met the Cambodian premier in Phnom Penh on Thursday on the final leg of a Southeast Asia tour in which he sought to strengthen regional trade ties.Xi arrived in the Cambodian capital after visiting Vietnam and Malaysia, as Beijing seeks to build ties and offset the impact of huge tariffs imposed …
China’s Xi meets Cambodian leader as part of regional diplomatic blitz Read More »
Nvidia CEO Jensen Huang held talks with Chinese leaders in Beijing on Thursday, state media said, days after the United States curbed sales of its H20 artificial intelligence chips to China.Nvidia this week said it expected a $5.5 billion earnings hit this quarter due to a new US licensing requirement on GPUs (graphics processing units) …
Nvidia CEO in Beijing as US tech curbs, trade war threaten sales Read More »
As President Donald Trump’s tariffs threaten the US economy, questions are being asked about how long the dollar can maintain its status as the world’s key trading and reserve currency. AFP examines the greenback’s current situation and outook:- Is the dollar still all-powerful? -The dollar, whose strength is based on the economic and political power of …
Trump’s tariff storm a threat to dollar’s dominance? Read More »
Taiwanese chipmaking titan TSMC reported on Thursday a surge in net profit for the first quarter and forecast robust demand for artificial intelligence technology, despite the spectre of US tariffs on the critical sector.Taiwan Semiconductor Manufacturing Company is the world’s largest contract maker of chips that have become the lifeblood of the global economy, powering …
Taiwan’s TSMC net profit soars as US tariff threat looms Read More »
Watching Chinese money flow into his home city of Sihanoukville, Cambodian linguist Um Keangseng opened a language school to meet the growing demand for Mandarin lessons.Sihanoukville has been the biggest recipient of Chinese investment into Cambodia, where President Xi Jinping will arrive Thursday.”Every province has Chinese investors,” said Um Keangseng, who founded his school a …
Chinese investment sparks rise of Mandarin in Cambodia Read More »
Uncertainty over Donald Trump’s tariff blitz mounted Thursday after the Fed chief warned of rising prices and “volatility” while “progress” flagged by the US president in talks with Japan lifted markets slightly.Trump is banking that his tariffs will lead to a bonanza of beneficial trade deals, lowering barriers to US products and shifting global manufacturing …
Unease grows over Trump tariffs despite ‘progress’ in Japan trade talks Read More »
