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NEW YORK: The rockiest US stock market in two years will meet a major test in the coming weeks as first-quarter earnings pour in, with expectations that tax cuts will help Corporate America show its biggest quarterly profit growth in seven years. Any disappointments could further upset the fragile market.
NEW YORK: The Federal Reserve should continue gradually raising interest rates if data on consumer prices available by the central bank’s mid-June policy meeting indicate inflation will soon reach the 2% target, Chicago Fed President Charles Evans said.
HONG KONG: President Donald Trump’s barrage of tariff threats have left China’s Xi Jinping with a tricky balance to strike. He’s got to show he’s ready to retaliate against US trade threats while demonstrating China’s commitment to opening up.
WHEN the Baumruk brothers started making simple machinery parts in their garage after the communist regime collapsed in Czechoslova-kia, they could rely on one crucial ingredient: cheap labour. Their employees were willing to do manual work for a fraction of the salaries Germans were making across the border.
SINGAPORE: The Middle East is emerging as a potential beneficiary of the brewing trade war between the US and China as the Asian nation strikes back with retaliatory tariffs on American petrochemical products.
KUALA LUMPUR: The ringgit opened higher against the US dollar today as the trade dispute between the US and China further pressured the greenback, dealers said.
SHANGHAI: United Co. Rusal, the biggest aluminum producer outside China, flagged the prospect of debt defaults and “materially adverse” consequences for the company after the U.S. imposed sanctions on the firm and its billionaire owner Oleg Deripaska.