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Business 19 Apr 2021 | 7:00 AM

Shanghai a pioneer in China-US trade

SHANGHAI: Shanghai, the city that witnessed “ping-pong diplomacy” between China and the United States in 1971, has played an important role and immensely benefited from the China-US economic and trade exchanges, according to entrepreneurs and experts in the city.

Business 19 Apr 2021 | 7:00 AM

Unfazed by US currency watchlist inclusion

BANGKOK: The Bank of Thailand (BoT) has responded to the US decision to keep the nation on watch for currency manipulation by asserting it has stepped into the market only to curb volatility in the baht.

Business 19 Apr 2021 | 7:00 AM

Taiwan denies any unfair trade advantage

TAIPEI: Taiwan has never sought to use foreign exchange rates to gain an unfair trade advantage, the central bank said yesterday, after the US Treasury said Taiwan tripped thresholds for possible currency manipulation under a 2015 US trade law.