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NEW YORK: Wall Street surged on Thursday as investors weighed the prospect of economic recovery against bellicose remarks from President Donald Trump regarding U.S.-China trade and a whistleblower's dire warnings about the U.S. response to the coronavirus pandemic.
THE firings of Luckin Coffee Inc.’s chief executive officer and her lieutenant in an escalating scandal over faked transactions is another body blow for the Chinese chain, which expanded at breakneck speed trying to supplant Starbucks Corp. as the dominant barista in a booming coffee culture.
BEIJING: China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on Beijing to boost imports from the United States.
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as the stronger greenback mitigated interest for the local currency.
BEIJING/WASHINGTON: S. President Donald Trump said on Monday he opposed renegotiating the U.S.-China "Phase 1" trade deal after a Chinese state-run newspaper reported some government advisers in Beijing were urging fresh talks and possibly invalidating the agreement
NEW YORK: Global equities wavered on Monday as investors weighed a jump in coronavirus cases in South Korea and Germany against signs that more parts of the U.S. economy could soon emerge from economic lockdown. Safe havens such as U.S. Treasuries edged higher in anticipation of further stimulus measures to limit the damage of the COVID-19 pandemic.
PETALING JAYA: Continued innovation and cost control are ViTrox Corp Bhd’s strategies to sustain growth in the challenging and evolving operating environment, said group chairman Datuk Seri Kiew Kwong Sen.
WASHINGTON/BEIJING: U.S. President Donald Trump said on Friday he was "very torn" about whether to end the so-called Phase 1 U.S.-China trade deal, just hours after top trade officials from both countries pledged to press ahead with implementing it despite coronavirus economic wreckage.
THEY say never put all your money into one basket. But in the case of Permodalan Nasional Bhd (PNB), they had enjoyed a good run for many years by putting most of their money into the local financial markets, riding the boom of Malaysia’s economy.
REVIEW: The confidence that accompanied the rebound in global equities showed signs of wearing down amid renewed conflict between the US and China. The prospect of a resumption of the trade war sent investors scurrying for cover as it risked further damaging the global economy.