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WASHINGTON: China has agreed to buy $200 billion worth of additional US goods and services over the next two years as part of a phase one trade pact to be signed in early January, U.S. Trade Representative Robert Lighthizer told reporters on Friday.
HONG KONG: Christmas came early to Asian markets on Friday (Dec 13) as equities and the pound surged on reports China and the US had reached a trade agreement and exit polls predicted a landslide election win for British Prime Minister Boris Johnson that will allow him to push through Brexit.
WASHINGTON (Reuters): Washington has agreed to suspend some tariffs on Chinese goods and cut others in return for Beijing's pledge to hike US farm product purchase in 2020, sources said on Thursday (Dec 12), taking a step to de-escalating the bitter trade war.
WASHINGTON: The White House has agreed to suspend some tariffs on Chinese goods and reduce others in return for Beijing's pledge to hike purchases of U.S. farm products in 2020, sources said on Thursday, taking a step towards de-escalating the trade war between the world's two biggest economies.
KUALA LUMPUR: Following a period of downgrades, the coming three to six-month outlook for global equities, credit and other income-generating assets looks favourable, based on stabilising global growth and significant US-dollar liquidity injections by the US Federal Reserve (Fed) into the global financial system, says Standard Chartered Private Bank chief investment strategist Steve Brice.
PETALING JAYA: Malaysia’s approved investment figures for 2019 may fall slightly behind the government’s target of RM200bil, even as the country seems to benefit from investment diversions caused by the US-China trade war.
TOKYO: Japan's economy expanded at a much faster-than-initially-reported pace in July-September, driven by resilient domestic demand even as exports took another hit from slowing global growth and rising trade tensions.
NEW YORK: Central bankers will vie with trade negotiators for the attention of investors this week.
KOTA KINABALU: The Federal Government is committed to developing the halal and Muslim-friendly tourism industry in Sabah, following anticipated global growth in this sector.