NEW YORK - Wall Street stocks finished a volatile session mostly higher on Friday after newly announced US policies to punish China did not threaten a trade detente between Washington and Beijing.The broad-based S&P 500 gained 0.5 per cent to 3,044.31, while the tech-rich Nasdaq Composite Index jumped 1.3 per cent to 9,489.87.
Trump harshly criticised China's handling of the coronavirus, blaming the country for the deaths of 100,000 Americans, and announcing new actions including an end to funding for the World Health Organisation.But Trump made no mention of the"phase one" trade agreement with China that walked back earlier trade tariffs, nor did he threaten new levies on US imports from the country.
A US government survey showed a record 13.6 per cent drop in personal consumption in April, while personal income jumped 10.5 per cent due to the surge in government aid and unemployment payments under federal emergency spending measures. Federal Reserve chairman Jerome Powell said the central bank would roll outs its lending program for small businesses in the coming days as he reiterated the central bank's plan to continue to take a muscular approach to supporting the US economy.
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 accident risk is highest in the South China SeaSINGAPORE (BLOOMBERG) - As China and the US trade barbs over everything from trade to Covid-19 to Hong Kong, the two powers are at greater risk of careering into physical confrontation. And nowhere are their warships and fighter jets coming as close to each other, with as much frequency, as the South China Sea.. Read more at straitstimes.com. impossible. US only bullies small fries, dare not even touch rocket man.
Source: The Straits Times - 🏆 8. / 63 Read more »
Military force ‘last resort’ in US-China tensions over TaiwanTensions with the US over Taiwan are at boiling point, but the use of military force will remain a last resort for China, a leading researcher in Taiwan studies said on the sidelines of the National People’s Congress in Beijing.Li Yihu, head of the Institute of Taiwan Studies with Peking University and
Source: YahooSG - 🏆 3. / 71 Read more »
US: S&P, Dow open lower on jitters over Trump's China response[NEW YORK] The S&P 500 and Dow Jones indexes opened lower on Friday as investors braced for a US response to China's national security law on Hong Kong, threatening to take the shine off another month of strong gains for the stock market. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US, UK raise Hong Kong at UN as pressure mounts on ChinaThe United States and Britain on Friday defied China's anger by raising Hong Kong's autonomy at the UN Security Council as President Donald Trump ... If you do not want to confess crime on TV without trial, or disappear when you back home because of selling books, Stand with HK. Stand with democracy and human rights.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US, Britain raise Hong Kong at UN Security Council, angering ChinaNEW YORK (REUTERS) - The United States and Britain raised China's plan to impose new security legislation on Hong Kong at the UN Security Council on Friday (May 29), prompting China and Russia to criticise the United States for excessive use of force against black people.. Read more at straitstimes.com. 大英帝国的气质要拿出来，立刻马上领走在港干儿子们，否则他们会去西北荒漠植树造林，从大英帝国的绅士变成基建狂魔！
Source: The Straits Times - 🏆 8. / 63 Read more »
US House backs Bill to pressure China over Uighur rightsWASHINGTON (REUTERS) - The US House of Representatives on Wednesday (May 27) backed legislation calling on President Donald Trump's administration to impose sanctions on Chinese officials responsible for the oppression of the country's Uighur Muslim minority.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »