China has confirmed that President Xi Jinping will meet with US President Donald Trump in South Korea on Thursday. The meeting is a highly anticipated one that traders and investors on both sides of the Pacific hope will ease months of trade tensions. "The two heads of state will have in-depth communication on strategic and long-term issues," a Foreign Ministry spokesperson said on Wednesday, without directly referring to the trade deal the leaders of the world's two largest economies are expected to reach in the port city of Busan. "We are willing to make joint efforts with the United...
Japan and the United States have agreed to cooperate on next-generation nuclear power reactors and rare earths, as Tokyo seeks to re-enter the nuclear technology export market and both seek to reduce China's dominance of key electronic components. US President Donald Trump and Japanese Prime Minister Sanae Takaichi signed a framework agreement on Tuesday to secure supplies of rare earths, used in everything from cars to fighter jets. They signed the documents, covering critical minerals, at Tokyo's neo-Baroque Akasaka Palace, beneath three ornate gold chandeliers, to thunderous applause...
Top U.S. and Chinese negotiators said they reached a consensus on key disputes, paving the way for Presidents Donald Trump and Xi Jinping to meet later this week and finalize a trade deal aimed at easing tensions. After two days of talks in Malaysia, officials announced that both sides had agreed on issues including export controls, fentanyl, and shipping levies. U.S. Treasury Secretary Scott Bessent told CBS News that Trump's threat of 100% tariffs on Chinese goods "is effectively off the table," adding that China would make "substantial" soybean purchases and delay its rare-earth export...
The U.S. Trade Representative on Friday announced the launch of an investigation into China's implementation of the trade agreement signed during President Donald Trump's first term. "The launch of this investigation underscores the Trump Administration's determination to ensure China fulfills its Phase One Agreement commitments, protect American farmers, ranchers, workers, and innovators, and build a more reciprocal trade relationship with China for the benefit of the American people," U.S. Trade Representative Jamieson Greer said in a statement. (alg) Source: Reuters
Business activity in the United States' (US) private sector expanded at a healthy pace in October, with the S&P Global Composite Purchasing Managers' Index (PMI) improving to 54.8 in the flash estimate from 53.9 in September. In this period, the S&P Global Manufacturing PMI edged higher to 52.2 from 52, while the Services PMI climbed to 55.2 from 54.2. Both of these prints came in better than analysts' estimates. Assessing the survey's findings, "October's flash PMI data point to sustained strong economic growth at the start of the fourth quarter, with business activity picking up...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
China has confirmed that President Xi Jinping will meet with US President Donald Trump in South Korea on Thursday. The meeting is a highly anticipated one that traders and investors on both sides of...