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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.
SYDNEY: Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy.
SYDNEY: Asian shares crept ahead on Tuesday following an upbeat session in Europe and further gains in U.S. stock futures as investors looked past Sino-U.S. trade tensions to a re-opening world economy
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.
KUALA LUMPUR: The ringgit is expected to trade sideways next week, tracking the performance of other emerging market currencies as tensions between Washington and Beijing intensify along with recession fears. Combined with the global economic slowdown, ongoing Covid-19 (coronavirus) health pandemic as well as volatile oil prices, would put the local currency under pressure.
BEIJING: Economic fallout from the coronavirus pandemic caused China’s government to avoid setting a formal GDP growth forecast for this year, while predicting a swelling budget deficit and setting a more modest target for employment expansion.
BEIJING: China has abandoned its usual practice of setting a numerical target for economic growth this year due to the turmoil caused by the coronavirus pandemic, according to the text of Premier Li Keqiang’s annual policy address on Friday.
WASHINGTON: Asian shares were set for another retreat on Friday as U.S.-China tensions curbed investor risk appetite and caused global equity markets to stumble.
NEW YORK: Wall Street ended lower on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions that raised doubts about the trade deal reached early this year between the world's two largest economies.
KUALA LUMPUR: The ringgit ended on the firmer note on Thursday, bucking the regional market trend as the US market faces disequilibrium due to the growing friction between the United States and China.