WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday trade talks with China had gone very well and hinted that a deal has been reached to resolve issues the U.S. has over TikTok ownership. The Republican president said he would be speaking to Chinese President Xi Jinping on Friday. “The big Trade Meeting in …
Trump hints Tiktok deal reached, according to Truth Social post Read More »
JAKARTA (Reuters) – Indonesia on Monday announced a new economic stimulus package worth 16.23 trillion rupiah ($989 million), including food assistance and an infrastructure building programme that could provide temporary work for more than 600,000 people. The stimulus measures will be implemented in the fourth quarter of 2025, the country’s chief economic minister Airlangga Hartarto …
Indonesia unveils economic stimulus package worth almost $1 billion Read More »
BEIJING (Reuters) – China accused the United States of “unilateral bullying” in calling on allies to impose tariffs on China over its purchase of Russian oil, fueling tensions as Chinese and U.S officials meet in Spain to try to resolve trade disputes. China opposes Washington’s request that the Group of Seven and NATO countries impose …
China accuses US of ‘bullying’ in push for tariffs over Russian oil purchases Read More »
MADRID (Reuters) -The U.S. government is ready to let the ban on social media app TikTok go ahead if a deal on divesture by Chinese company Bytedance cannot be reached, a U.S. government official, who has knowledge of a round of talks held in Madrid, told reporters on Monday. The official said many technical aspects …
U.S. ready to ban TikTok if deal on divestiture cannot be reached Read More »
BEIJING (Reuters) -Chinese President Xi Jinping has called for the “orderly exit” of outdated production capacity and the curbing of “disorderly” price competition, state-run news agency Xinhua reported on Monday, citing an article written by Xi. China’s leaders have pledged to put an end to aggressive price cuts by some Chinese companies, which regulators say …
China’s Xi urges ‘orderly exit’ of outdated production capacity, Xinhua says Read More »
JAKARTA (Reuters) -The Indonesian government expects the $12 billion it has moved to state banks to spark an acceleration in plans to set up 80,000 village cooperatives across the country after a slow start to the flagship scheme, a minister said on Monday. The “Red and White Cooperatives” are intended to drive growth and create …
Indonesia expects state bank funding to spur village co-op programme Read More »
SEOUL (Reuters) -South Korea will introduce a new industrial safety regulation that will fine companies with more than three workers dying from workplace accidents each year up to 5% of operating profit, the labour ministry said on Monday. The government will also revise industrial safety law to strip construction companies, which are repeatedly ordered to …
By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) -Thai Prime Minister Anutin Charnvirakul said on Monday that the strength of the baht currency needs to be urgently addressed and that it would be discussed later in the day. Speaking after a meeting with the Federation of Thai Industries, Anutin said he would also seek royal …
Thailand’s PM to tackle baht strength as currency soars Read More »
HONG KONG (Reuters) – China’s BYD said on Monday it would actively respond to an industry initiative that fleshes out rules on automakers making timely payments to suppliers, joining others in complying with a government call against price wars. The Chinese electric vehicle giant said it will focus on order confirmation, delivery and acceptance, payment …
China’s BYD says to ‘actively respond’ to supplier payment initiative Read More »
BEIJING (Reuters) – China’s new home prices fell again in August, extending a prolonged slump in prices as persistently weak demand in the pivotal housing sector remains a drag on economic growth. Prices slipped 0.3% in August from the previous month, according to Reuters calculation based on data released by the National Bureau of Statistics. …
China’s home prices extend decline, more policy support needed Read More »
