Asia Business

The US and China will Monday give details of “substantial progress” touted by Washington on trade talks aimed at ending a devastating tariff war launched by US President Donald Trump that has wiped billions off equities and brought chaos to international commerce.US Treasury Scott Bessent and Trade Representative Jamieson Greer met with Chinese Vice Premier …

US, China to publish details of ‘substantial’ trade talks in Geneva Read More »

Asian stocks rallied Monday after top Chinese and US officials held “substantial” trade talks at the weekend, fuelling hopes the two sides will dial down a tariff standoff that has rattled global markets and fuelled recession fears.Investors have been on a rollercoaster ride since Donald Trump unveiled eye-watering tolls on trading partners on April 2, …

Asian markets rally after positive China-US trade talks Read More »

Chinese EV battery giant CATL aims to raise $4 billion in its Hong Kong listing scheduled for May 20, said a statement filed to the bourse Monday, making it the largest IPO expected in the city so far this year.A global leader in the sector, CATL produces more than a third of all electric vehicle …

Chinese EV battery giant CATL aims to raise $4 bn in Hong Kong IPO Read More »

Millions of Filipinos will vote Monday in a mid-term election widely seen as a referendum on the explosive feud between President Ferdinand Marcos and impeached Vice President Sara Duterte.Workers in the capital Manila were busily setting up polling stations Sunday for a race that will decide more than 18,000 posts, from seats in the House …

Philippines heads to polls with Marcos-Duterte feud centre stage Read More »

The United States and China on Sunday said progress had been made after a weekend of talks aimed at de-escalating trade tensions sparked by President Donald Trump’s aggressive tariff rollout.The increasingly ugly trade spat between Washington and Beijing has rocked financial markets and raised fears of a global economic slowdown, and an inflationary spike in …

US, China hail ‘substantial progress’ after trade talks in Geneva Read More »

US President Donald Trump hailed a “total reset” in US-China trade relations, ahead of a second day of talks Sunday between top officials from Washington and Beijing aimed at de-escalating trade tensions sparked by his aggressive tariff rollout.In a Truth Social post early Sunday, Trump praised the “very good” discussions and deemed them “a total …

Trump hails ‘total reset’ in US-China trade relations as talks continue Read More »

China said Saturday that consumer prices slumped in April for the third straight month, reflecting persistent challenges as leaders attempt to revive an economy stymied by sluggish spending and a fierce trade war with Washington.The world’s second-largest economy has grappled with persistent deflationary pressure in recent years, as longstanding woes in the property sector and …

China’s consumption slide deepens as tariff war bites Read More »

Senior US and Chinese officials are in Switzerland this weekend for talks aimed at de-escalating a burgeoning trade war sparked by President Donald Trump’s sweeping tariff rollout, and fueled by strong retaliatory measures from Beijing. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer are set to confer with China’s Vice Premier He Lifeng …

US and China prepare for trade talks as Trump floats tariff cut Read More »

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 »

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 »