ePaperEventsR.AGEmStarMajoritiStarPropertyStarCherishStarCarsifuStarSearchmyStarjobKualiKuntumSuriaFM988FM
Orders have evaporated for Richard Chen, who manufactures Christmas decorations in southern China for US retailers, including Walmart and Costco, facing crippling US tariffs.
SYDNEY: Australia's central bank on Tuesday left its cash rate steady as widely expected but took a small step towards further easing in a policy meeting dominated by risks of a global trade war.
BOAO, Hainan: China will continue opening its economy to the world, Vice-Premier Ding Xuexiang told an international forum, reiterating his country's pitch for more foreign investment as an escalating trade war unleashed by the US shakes global business sentiment.
Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with new US tariffs and their expected effect on the world's economy.
BOAO, Hainan: The rapidly mounting tariff onslaught that threatens to hold back global economic growth has hovered in the background of an international conference that China is hosting this week.
WASHINGTON/TOKYO: Asian auto stocks led markets lower on Thursday after U.S. President Donald Trump unveiled a 25% tariff on imported vehicles, expanding a global trade war and prompting criticism and threats of retaliation from affected U.S. allies.
Indonesian stocks slumped on Friday, bringing a bruising week to an end as concerns over the country's fiscal health weighed, while most Asian currencies were on the defensive on trade war uncertainties.
KUALA LUMPUR: Fitch Ratings expects world growth to slow to 2.3 per cent this year, "well below trend" and down from 2.9 per cent in 2024, particularly after the new US administration sparked a global trade war.
PETALING JAYA: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower this week, ranging between RM4,000 and RM4,200 per tonne, says Interband Group of Companies senior palm oil trader Jim Teh.
KUALA LUMPUR: The Permanent Mission of Malaysia to the WTO has called on the World Trade Organisation (WTO) to play a crucial role and "show its ability and readiness" to address global trade challenges, such as "unilateral actions by certain countries that lead to (a) trade war."
FRANKFURT, March 14 (Xinhua) -- A trade war initiated by U.S. President Donald Trump would harm the global economy, including that of the country imposing the measures, European Central Bank (ECB) President Christine Lagarde warned on Friday.
WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears.
Multi-strategy hedge funds are facing their biggest challenge since the early days of the pandemic amid a market sell-off that's forcing them to unwind crowded trades at a ferocious clip.
The Bank of Canada is likely to cut interest rates for a seventh straight meeting as the country braces for a trade war that will plunge the economy into recession unless there's a swift resolution.
KUALA LUMPUR: The ringgit ended lower against the US dollar on Friday, as trade war uncertainties weighed on market sentiment, said an analyst.
SINGAPORE: Asia shares rose on Friday and global markets attempted a rebound after a brutal selloff, while gold reached a record as an escalation of global trade tensions left investors nervous and sparked a flight to safe-haven assets. Relief over the likely aversion of a U.S. government shutdown boosted stocks in early Asian trade, after Senate Democrat Chuck Schumer said he would vote to advance a Republican stopgap funding bill, signalling that his party would provide the necessary support.
MOST emerging Asian equities rebounded on Thursday, following the release of cooler U.S. inflation data for February, although the threat of an escalating global trade war continues to loom in the background.
BRATISLAVA, March 12 (Xinhua) -- A trade war won't help anyone, and there's no winner in such a war, Slovak President Peter Pellegrini said here Wednesday in response to the worsening trade relations between the United States and the European Union (EU).
