© Bloomberg. U.S. President Donald Trump speaks during a meeting in the Cabinet Room of the White House in Washington, D.C., U.S., on Tuesday, Feb. 12, 2019. Trump said he isn’t happy with the deal on border-security funding Republican and Democratic negotiators worked out to avert another government shutdown, but he said he would hold
China
© Reuters. Investing.com – The U.S. dollar edged up against most other currencies on Monday in Asia as traders await further news on China trade talks. The that tracks the greenback against a basket of other currencies last traded at 11:16 PM ET (04:16 GMT), up 0.1%. The index, widely considered a safe-haven asset, gained
Fitting snugly in a row of tightly-packed shoplots in Kota Damansara is Front Line Chinese Cuisine. The eatery is easy to miss (possibly because the name emblazoned in Chinese characters on the store front is Yi Xian Guan, which means first line). But keep an eye out for the place, because it is a rare
For most people heading to Shanghai’s Bund area over the Lunar New Year, there will be few outward signs of change from four years ago when 36 people were crushed to death. The victims died under the weight of a crowd that had gathered to celebrate the start of 2015, catching revellers in a fatal
© Reuters. Illustration photo of Australian dollars By Vatsal Srivastava SINGAPORE (Reuters) – The Australian dollar fell versus the greenback on Friday after a private survey showed factory activity in China shrank by the most in almost three years in January. The Australian dollar, often considered a barometer for global risk appetite, fell 0.4 percent
The FTSEurofirst 300 index of leading regional shares closed down 0.96 percent while MSCI’s all-country world equity index declined 0.62 percent. Stocks on Wall Street, down more than 1 percent for most of the session, recouped some losses at the close. The Dow Jones Industrial Average fell 208.98 points, or 0.84 percent, to 24,528.22. The
© Reuters. Investing.com — The dollar rose slightly against the euro in early trading in Europe Monday after a dismal survey from the respected German research institute Ifo. The institute said export expectations in the euro zone’s largest economy slumped in January, less than a week after its widely-followed business confidence index for Germany fell
© Reuters. Investing.com -The safe haven Japanese yen firmed against the dollar on Monday as investors digested the latest signs of a slowdown in China after data pointing to a dip in fourth quarter growth. Official data showed that by an annualized 6.4% in the three months to December, down from 6.5% in the third
© Reuters. Investing.com – The safe haven yen strengthened and the Australian dollar fell on Monday after data showing that China’s exports unexpectedly fell in December, pointing to further weakness in the world’s second-largest economy and deteriorating global demand. was down 0.42% at 108.08 by 02:51 AM ET (07:51 AM GMT). the most in two
In the near pitch-dark, you can hear them before you see them – millions of cockroaches scuttling and fluttering across stacks of wooden boards as they devour food scraps by the tonne in a novel form of urban waste disposal. The air is warm and humid – just as cockroaches like it – to ensure
© Reuters. FILE PHOTO: Illustration photo of a China yuan note SHANGHAI (Reuters) – China published a five-year blueprint on Friday seeking economic and financial integration between southern Guangxi province and Southeast Asia, representing Beijing’s latest effort to promote international use of the yuan currency. China’s state council, or cabinet, has agreed to build Guangxi,
© Reuters. Investing.com – The U.S. dollar slipped on Thursday in Asia after the Federal Reserve indicated in the minutes of its December meeting that it was willing to hold off on rate hikes amid concerns about global growth and subdued inflation. Fed members indicated they could afford to be “patient” about future rate hikes,
© Reuters. Investing.com – The U.S. dollar lost ground against the other major currencies on Monday as comments from the Federal Reserve eased concerns over its policy tightening and the start of a fresh round of U.S.-China trade talks boosted risk appetite. Two days of trade talks kicked off in Beijing on Monday following the
© Reuters. A trader shows U.S. dollar notes at a currency exchange booth in Peshawar By Vatsal Srivastava SINGAPORE (Reuters) – The dollar weakened against its peers on Monday, as investors wagered that the Federal Reserve would put its policy tightening on pause in 2019, which eased market concerns about a slowing for U.S. growth.
© Reuters. Investing.com – The Japanese yen fell against the U.S. dollar while the Chinese yuan gained on Friday in Asia on hopes that the upcoming U.S.-China trade talks would make some progress. The pair traded 0.7% higher at 108.35 by 10:57 PM ET (03:57 GMT). The pair slipped 0.1% to 6.8643. Market sentiment recovered
BEIJING/SHANGHAI: Shanghai student Xu Yechuyi wanted to buy a new iPhone last year but couldn’t afford one at Apple Inc’s flagship store, so she opted for a used, three-year-old iPhone 6S at less than a third of the sticker price. The purchase made Xu, 22, one of many consumers priced out of stores and resorting
BEIJING: History shows that cooperation is the best choice for both China and the United States, Chinese President Xi Jinping told U.S. President Donald Trump in a congratulatory message on Tuesday to mark 40 years since the establishment of diplomatic relations. The two countries agreed last month to a 90-day temporary ceasefire in their bitter
HONG KONG: Chinese securities firms are racing to prepare themselves for an influx of foreign competitors, as Beijing opens up the domestic market to help resolve the trade war with the United States. With many brokerages suffering shrinking revenues at home, a new round of consolidation in the domestic industry is expected next year to
WASHINGTON/BEIJING: U.S. President Donald Trump said on Twitter that he had a “long and very good call” with Chinese President Xi Jinping and that a possible trade deal between the United States and China was progressing well. As a partial shutdown of the U.S. government entered its eighth day, with no quick end in sight,
© Reuters. Investing.com – The yuan gained on Thursday in Asia even after official data showed China’s industrial profits recorded their first contraction since December 2015. The pair slipped 0.1% to 6.8919 at 12:43 AM ET (05:43 GMT). Industrial profits fell 1.8% to 594.8 billion yuan in November from a year earlier, the National Bureau
BEIJING: China plans to remove import and export tariffs in 2019 on a range of goods, including import taxes on alternative meals used in animal feed, to secure supplies of raw materials amid trade tensions with the United States and boosting outbound cargoes. Import tariffs on so-called alternative meals, which include rapeseed meal, cotton meal,
LOS ANGELES: Rumours of Chinese citizens being unable to access certain games, including Fortnite, last week appear not to be true, sources and Variety’s own tests verify. While several sources reported that China blocked Fortnite and PlayerUnknown’s Battlegrounds, including Deseret News and GameRevolution, there doesn’t appear to be any definitive proof that the games were
© Reuters. China Watchers Split on Yuan Outlook; It All Comes Down to Trade (Bloomberg) — After missing this year’s slump in the yuan, forecasters for the Chinese currency are split on the outlook in 2019, thanks largely to the sharply divergent outcomes from U.S.-China trade talks. Since the yuan’s four-year run of appreciation against
© Reuters. Illustration photo of a China yuan note BEIJING (Reuters) – China should not allow the yuan to fall below 7 per dollar or attempts to stabilize the currency will become more costly on the country’s foreign exchange reserves, Sheng Songcheng, an adviser to the People’s Bank of China, said on Saturday. Policy insiders