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Business 31 May 2019 | 12:11 AM

Wall St steadies after sell-off but gains muted

NEW YORK: US stocks showed signs of stabilising on Thursday, but gains were kept in check by conflicting comments on trade talks from President Donald Trump and Beijing that reinforced concerns about a potentially lengthy battle harming global growth.

Business 06 May 2019 | 4:21 AM

China central bank to cut reserve requirements for some banks as trade tensions rise

BEIJING: China’s central bank said on Monday it will cut the reserve requirement ratios (RRRs) for small and medium-sized banks effective from May 15, in a targeted policy measure to help support companies struggling amid an economic slowdown.

Business 06 May 2019 | 2:28 AM

Global stocks, commodities tumble after Trump vows China tariff hike

SHANGHAI: Global financial markets tumbled on Monday after U.S. President Donald Trump unexpectedly jacked up pressure on China to reach a trade deal, saying he would hike U.S. tariffs on Chinese goods this week.

Business 06 May 2019 | 1:29 AM

Asian shares turn south after Trump vows tariff hike

SHANGHAI: Asian equities tumbled, oil prices plunged and the safe-haven yen strengthened early on Monday as trade negotiations between China and the United States deteriorated suddenly, reversing apparent progress made in recent months.

Business 05 May 2019 | 11:50 PM

Trump vows new tariff hike on Chinese goods, escalating tension in trade talks

WASHINGTON: President Donald Trump dramatically increased pressure on China to reach a trade deal by announcing on Sunday he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon.

Business 26 Apr 2019 | 12:00 AM

S. Korea GDP shock contraction hits won

Bengaluru: The won slipped to its weakest level in more than two years after South Korea posted an unexpected contraction in its economy during the first quarter, while strong gains in the dollar weighed on most other Asian currencies.

Markets 25 Mar 2019 | 1:55 AM

Foreign buying returns on Bursa Malaysia after five weeks of outflows

KUALA LUMPUR: International funds finally made their way into stocks listed on Bursa after five straight weeks of net selling.