China might not be able to rely on trade to steer it out of trouble as blistering tariffs being considered by US President-elect Donald Trump threaten an already struggling economy.Exports have historically represented a key engine in the world’s number two economy, where authorities will release 2024 growth data on Friday that is expected to …
Renewed US trade war threatens China’s ‘lifeline’ Read More »
China’s economic growth likely fell fractionally short of the government’s five percent target last year, according to an AFP survey, as leaders head into 2025 steeling for the second presidency of Donald Trump amid fears of another painful trade standoff.The reading would be the weakest the country has seen since 1990 — outside of the …
China’s economy seen slowing further in 2024: AFP survey Read More »
Stock markets moved in different directions Tuesday with traders’ attention fixed on President-elect Donald Trump’s tariff plans, earnings updates and inflation data.A report suggesting Trump could impose import tariffs more slowly than initially feared provided support and put a cap on the dollar’s latest surge.However, traders remain concerned that his pledges to cut taxes, regulations …
Stocks mixed as traders mull tariffs, inflation, earnings Read More »
Stock markets moved in different directions on Tuesday with traders’ attention fixed on President-elect Donald Trump’s tariff plans, earnings updates and inflation data.A report suggesting Trump could impose import tariffs more slowly than initially feared provided support and put a cap on the dollar’s latest surge.However, traders remain concerned that his pledges to cut taxes, …
Stocks mixed as they track tariffs, inflation and earnings Read More »
The United States finalized a rule Tuesday effectively barring Chinese technology from cars in the American market, taking aim at software and hardware from the world’s second biggest economy over national security risks.The announcement, which also pertains to Russian technology, comes as outgoing President Joe Biden wraps up efforts to step up curbs on China, …
Stock markets mostly rose Tuesday with traders’ attention fixed on President-elect Donald Trump’s tariff plans, earnings updates and upcoming inflation data.A report suggesting Trump could slowly hike import tariffs provided support and put a cap on the dollar’s latest surge.However, traders remain concerned that his pledges to cut taxes, regulations and immigration continue to dampen …
Stocks rise tracking tariffs, inflation and earnings Read More »
Russia and Vietnam signed an agreement on nuclear energy on Tuesday during a visit by Prime Minister Mikhail Mishustin aimed at deepening ties between the two long-standing allies.Vietnam wants to restart nuclear power plans to meet its rapidly expanding energy needs and is hoping that Russia can help.No details about the agreement were immediately available …
TikTok on Tuesday labeled as “pure fiction” a report that China is exploring a potential sale of the video-sharing platform’s US operations to billionaire Elon Musk as the firm faces an American law requiring imminent Chinese divestment.Citing anonymous people familiar with the matter, Bloomberg News had earlier reported that Chinese officials were considering selling the …
TikTok calls report of possible sale to Musk’s X ‘pure fiction’ Read More »
Asian markets diverged Tuesday as bargain buying after recent losses played against ongoing worries about the outlook for the global economy and the impact of a second Donald Trump presidency.A report saying the incoming US leader’s economics team was considering slowly hiking tariffs on imports provided support to traders and put a cap on the …
Asian markets mixed as traders eye US inflation data, earnings Read More »
Kyoto authorities announced Tuesday plans to hike lodging taxes, as Japan’s ancient capital seeks to assuage grumbles from locals about too many tourists.Lured by its myriad sights and a weak yen, Japan has seen foreign tourism numbers explode in recent years, with arrivals in 2024 expected to have hit a record of more than 35 …
Japanese tourist magnet Kyoto to hike hotel taxes Read More »
