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CHINA’S yuan rallied beyond a key level versus the greenback for the first time in seven months while outperforming Asian peers, as investor confidence gets a boost on planned trade talks with the US.
WASHINGTON: White House economic adviser Larry Kudlow on Thursday said the Trump administration is satisfied with China's progress in meeting commitments to purchase U.S. goods in a Phase 1 trade deal, signaling that the pact will survive an initial review on Saturday.
WASHINGTON:Conflicting talk from Trump administration officials about "decoupling" the U.S. economy from China is running into a challenging reality: Chinese imports of U.S. goods are rising, investment by American companies into China continues, and markets are wary of separating the world's biggest economies.
NEW YORK: Wall Street's three major indexes closed higher on Monday with the biggest gains in technology stocks as investors focused on the potential for more government stimulus measures even as they worried about an increase in coronavirus cases in the United States and other countries
CHINESE government officials told major state-run agricultural companies to pause purchases of some American farm goods including soybeans as Beijing evaluates the ongoing escalation of tensions with the U.S. over Hong Kong, according to people familiar with the situation.
WASHINGTON: Southwest Airlines Co Chief Executive Officer Gary Kelly said on Friday he expects a "brutal low-fare" environment when traffic returns after coronavirus-induced restrictions ease.
NEW YORK: Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes massive government stimulus can jump-start the world economy
New York: U.S. stocks closed higher on Tuesday on optimism about the development of coronavirus vaccines and a revival of business activity, but the S&P 500 failed to hold above the key psychological level of 3,000 points.
WASHINGTON: Long divided between those pushing for a hardline stance and others advocating cautious engagement, President Donald Trump’s China advisers - under the shadow of the coronavirus crisis - appear to have moved closer together on a tougher approach to Beijing.
WASHINGTON: The U.S.-China "Phase 1" trade deal reached in January is not falling apart and the two countries are still working to implement it, the White House's top economic adviser said on Friday, but President Donald Trump added that he was not "thrilled" with the agreement.