Stock markets advanced Wednesday despite data showing US private sector job growth slowing last month, reviving fears about the economy.Investors also shrugged off US President Donald Trump’s tough words on China and his doubling of tariffs on imports of steel and aluminum.Separate figures on Tuesday showed that US job openings unexpectedly rose in April, somewhat …
US President Donald Trump said Wednesday it is “extremely hard” to reach a deal with China over a trade impasse that has roiled global markets, while his doubling of metal tariffs fueled tensions with key partners.Trump’s latest salvos came as ministers from Organisation for Economic Cooperation and Development (OECD) countries gathered in Paris to discuss …
US-China at trade impasse as Trump’s steel tariff hike strains ties Read More »
Asian shares extended a global rise Wednesday following data indicating the US economy remained resilient, with South Korean equities and the won standing out as the election of a new president ended months of political paralysis.Speculation that US President Donald Trump and Chinese leader Xi Jinping will speak this week stoked optimism for a soothing …
Asian stocks track Wall St up after jobs data, Seoul surges on Lee win Read More »
The United States will double its tariffs on imported steel and aluminum starting Wednesday, according to the White House, as it published an order signed by President Donald Trump.The move marks a latest salvo in Trump’s trade wars, bringing levies on both metals from 25 percent to 50 percent.But tariffs on metal imports from the …
US steel, aluminum tariff hikes to take effect Wednesday: W.House Read More »
Major stock markets rose and the dollar climbed Tuesday as investors kept tabs on the China-US trade war, with speculation swirling that the countries’ leaders will soon hold talks.After a period of relative calm on tariffs, US President Donald Trump accused Beijing last week of violating an earlier deal to temporarily lower staggeringly high tit-for-tat levies …
Stock markets rise as traders eye possible Trump-Xi talks Read More »
Lawsuits, scandals, armed troops and a knife-wielding attacker all failed to deter Lee Jae-myung’s ascendancy from sweatshop worker to the cusp of South Korea’s presidency.After losing by a razor-thin margin in 2022, the left-leaning Democratic Party candidate is now poised to be elected head of state in a landslide, according to exit polls.Opponents decry Lee, …
Lee Jae-myung’s rise from poverty to brink of South Korean presidency Read More »
The OECD slashed its annual global growth forecast on Tuesday, warning that US President Donald Trump’s tariffs blitz would stifle the world economy — hitting the United States especially hard.After 3.3-percent growth last year, the world economy is now expected to expand by a “modest” 2.9 percent in 2025 and 2026, the Paris-based Organisation for …
Trade war cuts global economic growth outlook: OECD Read More »
Asian stocks rallied Tuesday as investors kept tabs on developments in the China-US trade war amid speculation the countries’ leaders will hold talks soon.After a period of relative calm on the tariff front, Donald Trump at the weekend accused Beijing of violating last month’s deal to slash huge tit-for-tat levies and threatened to double tolls …
Asian markets rise as traders eye possible Trump-Xi talks Read More »
Oil prices surged Monday over renewed concerns about Russia’s war in Ukraine and relief over OPEC+ production, while stock markets were mixed as US-China trade tensions resurfaced after a brief lull.The dollar was under renewed pressure as traders digested US President Donald Trump’s recent threats to double steel and aluminum tariffs, while Wall Street’s main …
Stocks mixed, oil up on rising trade tensions, geopolitical risks Read More »
When his conservative South Korean party bowed to show remorse for ex-president Yoon Suk Yeol’s disastrous martial law decree, Kim Moon-soo sat alone and resolute in symbolic non-apology.The moment catapulted the labour activist-turned-lawmaker to fame that he now hopes to harness to become South Korea’s next president.”He’s essentially a presidential candidate that social media gave …
S. Korea’s conservative contender Kim Moon-soo emerges from Yoon’s shadow Read More »
