Asian shares were mostly weaker on Wednesday with investors cautious after U.S. President Donald Trump tempered optimism over progress made in trade talks between the world’s two largest economic powers.
The US and China have agreed to begin bilateral trade talks, with Beijing committing to “substantially reduce” the trade deficit between the countries by boosting the amount of goods it purchases from America.
The newly-declared economic truce between the U.S. and China will prove temporary if the world’s two largest economies fail to deliver on vague commitments to re-balance trade.
Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran.
Asian stocks were steady on Friday amid caution over developments in U.S.-China trade negotiations, while the dollar perched near a five-month peak after the benchmark U.S. Treasury yield hit its highest in seven years.
NEW YORK (Reuters) - U.S. companies could plow more of the money saved from sweeping tax cuts into business investment later this year, perhaps even surpassing a jump in first-quarter capital expenditure that was the highest in ...
President Donald Trump said Wednesday that "we'll have to see" if a planned summit with North Korean dictator Kim Jong Un will still take place, as Pyongyang threatens to pull out of the meeting.
SHANGHAI (Reuters) - Asian markets fell in early trade on Wednesday after Pyongyang called off talks with Seoul, throwing a major U.S.-North Korean summit into question, and a spike in the U.S. 10-year Treasury yield to a seven-year...
Stocks in Asia opened mixed with 10-year Treasury yields hitting the 3 percent mark again as investors assessed the outlook for trade relations and tensions in the Middle East. The dollar held gains and crude oil nudged higher.
Our Monetary Policy Committee has voted by a majority of 7-2 to maintain Bank Rate at 0.5%. The committee also voted unanimously to maintain the stock of corporate bond purchases and UK government bond purchases.