Asian markets mostly rose Thursday on optimism that governments will hammer out deals to avoid the worst of US President Donald Trump’s tariffs even after he broadened his range of measures.Negotiators from around the world have tried to reach agreements with Washington since Trump in April unveiled his “Liberation Day” tariff bombshell, with a July …
The Nasdaq powered to a fresh record and major European markets closed in the green Wednesday, brushing off US President Donald Trump’s growing array of tariff targets.After releasing tariff warning letters to seven additional countries early Wednesday afternoon, Trump followed up late in the afternoon with a threatened 50 percent levy on Brazil.Trump tied the …
Global stocks mostly up despite new Trump tariffs, Nasdaq at record Read More »
Starbucks has received around 30 offers from investment firms seeking a stake in the company’s China business, US media reported Wednesday.The coffee chain’s China business, its second biggest after its US operation, drew non-binding offers from a mix of Chinese and foreign private equity firms valuing the enterprise at between $5 and $10 billion, CNBC …
Starbucks receives bids for stake in China business: US media Read More »
Consumer prices in China rose slightly in June, official data showed on Wednesday, snapping a four-month decline even as factory gate prices were bruised by a fierce trade war with Washington.Chinese officials have been trying to revive sluggish domestic spending since the end of the Covid-19 pandemic, with the government’s official growth target at risk.That …
China’s snaps 4-month consumer decline but factory price deflation deepens Read More »
Gao Chaorong knows what it takes to turn out good crops of sweet potatoes, peanuts and wheat, but tasty produce is no longer enough to draw China’s app savvy crowd.To prevent her crops from rotting unsold in the fields, the 56-year-old is now back in school, attending a “hands-on livestreaming bootcamp” to learn to take …
China’s ‘new farmers’ learn to livestream in rural revitalisation Read More »
Stocks were mixed Wednesday as investors assessed Donald Trump’s latest tariff threats, while keeping an eye on trade talks after the US president warned he would not again extend a deadline to reach deals.Investors took in their stride news that Trump had sent letters to 14 countries outlining his new levies on expectations that most …
Asian markets mixed as Trump flags fresh tariffs, eyes on trade talks Read More »
Europe eked out small gains but Wall Street mostly fell Tuesday as President Donald Trump added tariff threats on copper and pharmaceuticals to his broadening trade agenda.Trump announced plans for a 50 percent duty on copper imports and a potential 200 percent levy on pharmaceuticals a day after the White House sent letters to Japan, …
US stocks mostly lower as Trump adds copper, pharma to tariff onslaught Read More »
President Donald Trump said Tuesday that he would not extend an August 1 deadline for higher US tariffs to take effect on dozens of economies, while announcing plans for a separate 50 percent duty on copper imports.The copper levy would broaden a slate of sector-specific actions Trump has imposed since returning to the White House, …
Trump says to set 50% copper tariff, no extension to August deadline Read More »
As Cambodian garment workers took breaks from toiling in sweltering factories on Tuesday, they feared for their jobs after US President Donald Trump’s threat to impose a 36 percent tariff.”I beg the US to reduce the tariff for the sake of workers in Cambodia,” 38-year-old Im Sothearin told AFP as she rested from her work …
Cambodian garment workers fret Trump’s new tariff threat Read More »
Bangladesh, the world’s second-biggest garment manufacturer, holds hope to reduce the 35 percent tariff that US President Donald Trump said he will impose, the country’s top commerce official told AFP on Tuesday.Textile and garment production accounts for about 80 percent of exports in Bangladesh and the industry has been rebuilding after it was hit hard …
Major garment producer Bangladesh seeks deal after 35% US tariff Read More »
