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World

Trump team struggles for cohesion on tougher China policy

WASHINGTON (Reuters) - The incoming U.S. administration’s tough talk against China has set the stage for showdowns on everything from security to trade and cyberspace, but contradictory signals are sowing uncertainty over how far President-elect Donald Trump is prepared to go in confronting Beijing.

Business

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Business

China posts worst export fall since 2009 as fears of US trade war loom

BEIJING: China's massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017.

Business

Fed officials see quick economic boost from Trump, risks to follow

NAPLES, Fla.: Federal Reserve officials cautioned on Thursday that the fiscal and tax plans sketched out by the incoming Trump administration could trade a short-term economic boost for longer-run inflation and debt problems they might have to counteract.

Business

US stocks slide, dollar falls after Trump short on stimulus

NEW YORK: Wall Street stocks fell and the U.S. dollar dropped to a five-week low on Thursday after President-elect Donald Trump, in his eagerly-awaited news briefing the previous day, failed to provide details on fiscal policies that were expected to bolster the economy.

Business

Petronas stocks, CIMB higher at midday

KUALA LUMPUR: Petronas stocks and CIMB helped shore up the FBM KLCI's gains at midday on Thursday amid the stronger broader market while the ringgit firmed up against the weaker US dollar.

Business

Trump rhetoric raises spectre of 1930s-style trade war with Asia

HONG KONG: US president-elect Donald Trump’s promise to shrink a trade deficit with China through punishing tariffs wouldn’t just hurt the world’s second-biggest economy – it would also damage the rest of Asia too.

Business

Barclays flags ‘Black Swan threats’ to commodities this year

SINGAPORE: Watch out for the unexpected in commodities markets in 2017. Barclays Plc said raw materials markets from energy to metals face the high likelihood of disruptions, giving a laundry list of possible threats including a default by Venezuela, riots in Chile and a trade war with China.

Business

Wall Street thinks stocks will rise in 2017 - What could go wrong?

NEW YORK/SAN FRANCISCO: Wall Street's rally could be derailed by renewed worries about President-elect Donald Trump's policies, a resurgent dollar or potential wild-card events like cyber attacks or a trade war, investors say as they look to 2017.

World

Brexit pain in store for all of Europe

IT is still the world’s wealthiest continent. It continues to be admired for its innovation and commercial flair. It remains a magnet for tourists worldwide. And it is still the destination of choice for millions of would-be migrants.