[SYDNEY] US stock futures slumped and the yen climbed after trade talks ended without a resolution at the end of last week and China said the US must remove all extra tariffs. The yuan retreated.
The Australian dollar slipped in early trading, though moves across currency markets were relatively small, compared to a week ago when US President Donald Trump first tweeted new tariffs were coming. Hong Kong is closed Monday for a holiday. Larry Kudlow, Mr Trump's top economic adviser, told Fox that China invited trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin back to Beijing, though no date has been set. He also said Mr Trump would meet with Chinese President Xi Jinping during the G20 meeting in late June.
- Bank of Indonesia has an interest rate decision on Thursday. It has kept rates on hold this year after six hikes last year and economists are projecting it will join Asia's shift to dovish monetary policy- A slew of Federal Reserve policy makers speak: Boston Fed President Eric Rosengren and Fed vice-chairman Richard Clarida speak at a"Fed Listens" event hosted by the Boston Fed. New York Fed President John Williams speaks at an event in Zurich.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US-China trade talks will continue Friday morning US time: paper editor[BEIJING] US-China trade talks in Washington will continue on Friday morning US time, Hu Xijin, the editor-in-chief of Chinese state-run newspaper the Global Times, tweeted on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
China urges US to respect market economy after China Mobile denied entryWASHINGTON/HONG KONG: China urged Washington on Friday to stop putting 'unreasonable pressure' on Chinese companies after U.S. regulators voted to ... This might be the funniest headline of the day.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
European stock markets tumble as US-China trade tensions heightenLONDON: European stock markets had another dire session on Thursday (May 9) as heightened US-China trade tensions before make-or-break talks in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China confirms top trade negotiator Liu He to lead US trade talks on ThursdayWASHINGTON (BLOOMBERG) - China's top trade negotiator, Vice Premier Liu He, will visit the US for trade talks in what is shaping as a crucial week for the yearlong standoff after President Donald Trump ratcheted up pressure with plans to raise tariffs on Chinese goods on Friday (May 3).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
US-China trade talks will continue Friday morning in Washington[BEIJING] Crucial trade negotiations with China in Washington will continue on Friday, the White House said late Thursday, about 90 minutes before steep new tariffs were set to take effect on Chinese goods. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US goods trade deficit with China hits five-year lowThe U.S. goods trade deficit with China, a focus of President Donald Trump's 'America First' agenda dropped to a five-year low in March amid a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tokyo: Nikkei tumbles to 5-week low on fears of deeper US-China trade tensions[TOKYO] Japan's Nikkei tumbled to a five-week low on Wednesday morning as fears there might be a breakdown in US-China trade negotiations continued to pull down cyclical stocks. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
China defiant toward US on trade as Trump defends tariffsWASHINGTON/BEIJING (REUTERS) - The United States and China appeared at a deadlock over trade negotiations on Sunday (May 12) as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any 'bitter fruit' that harmed its interests.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
China to go ahead with US trade talksBEIJING/WASHINGTON China said yesterday that a delegation is still preparing to go to the US for trade talks, after President Donald Trump dramatically increased pressure on Beijing to reach a deal, saying he would hike tariffs on Chinese goods this week. Mr Trump's...
Source: thenewpaper - 🏆 7. / 63 Read more »
Asia stocks slip, bonds rally on fears China-US trade deal unravelingAsian equities tracked Wall Street's slide on Wednesday as the latest developments in the U.S.-China trade conflict fanned fresh fears about ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street rises on glimmers of hope in US-China trade relationsU.S. stock index futures fell on Wednesday, ahead of a crucial round of trade negotiations between the United States and China this week.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »