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China says will respond if US ups trade tension

BEIJING: China will respond firmly if the United States insists on escalating trade tensions, the foreign ministry said on Tuesday after U.S. President Donald Trump said further tariffs were ready to kick in if no deal was reached at June's G20 summit.


Most Asean markets fall ahead of US tariff deadline; Indonesia at over one year low

SINGAPORE: Most Southeast Asian stock markets fell on Tuesday as a rout in Chinese shares ahead of a U.S. deadline for further tariffs on exports from the world's second-largest economy soured risk sentiment across the region.

Corporate News

LPI Capital seen facing margin pressure

PETALING JAYA: LPI Capital Bhd could experience pressure on its fire insurance underwriting margins in light of further tariffs.


Uptrend intact on mild consolidation

REVIEW: The bullish vibes from the trade truce struck between Washington and Beijing helped to reinforce the local market’s current uptrend.Global equities experienced a lift at the start of the week’s trading in the wake of the US promise to suspend further tariffs on Chinese goods while easing restrictions on Huawei.


Reset of US-China talks may lift risk appetite

SINGAPORE: Markets may breathe a sigh of relief after President Donald Trump and President Xi Jinping decided to resume trade negotiations after a six-week stalemate, with the U.S. agreeing to a temporary freeze on further tariffs on Chinese goods.


S&P, Dow advance on trade optimism

NEW YORK: The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp dragged down the Nasdaq

Corporate News

Trump says US may not impose more tariffs on China

WASHINGTON:U.S. President Donald Trump said on Friday that he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions, although he added it was unacceptable that some major items were omitted from the list.


Trade dispute escalates as Trump threatens US$100b more in China tariffs

WASHINGTON: President Donald Trump on Thursday directed U.S. trade officials to identify tariffs on US$100 billion more Chinese imports, upping the ante in an already high-stakes trade confrontation between the world's two largest economies.


China exports shrink most in two years

Imports also fell in December reflecting deteriorating global demand


China vows to buy more US goods

WASHINGTON: China promised to “substantially” expand purchases of US goods after the latest round of trade talks, and both sides planned further discussions to reach a breakthrough with only a month to go before the Trump administration is set to ratchet up tariffs.