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Trump favours ‘whole deal’ with China as two sides prepare for trade talks

US President Donald Trump said yesterday that he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact, even as he said an “easy” agreement would not be possible. “I’d rather get

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US, China grant trade concessions ahead of talks

WASHINGTON/BEIJING: US President Donald Trump yesterday welcomed China’s decision to exempt some of US’ anti-cancer drugs and other goods from its tariffs and announced a delay to scheduled tariff hikes on billions worth of Chinese goods. Beijing’s exemptions and Washington’s

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India-China spat delays global trade matters

NEW DELHI: A spat between the world’s most populous countries is holding up a pan-Asian trade agreement encompassing nearly a third of all global trade. Trade ministers from 16 Asia-Pacific countries this week hailed a “critical milestone” after seven years

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Trade war: Chinese firms build up domestic brands

SHENZHEN, China/SHANGHAI: For over a decade, manufacturer Matsutek plied away at building its business with big Western brands, supplying firms such as Philips and Honeywell with products made in its Chinese factories for the US and other overseas markets. That

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Oil prices dip due to trade war

TOKYO: Oil prices fell today, declining for a second day as more signs emerged of the toll from the US-China trade war, with South Korea revising down second-quarter growth due to lower exports. U.S. crude CLc1 was down 32 cents,

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China lodges tariff case at WTO against the US

China has lodged a complaint against the US at the World Trade Organization over US import duties, the Chinese Commerce Ministry said today. The US began imposing 15% tariffs on a variety of Chinese goods on Sunday and China began

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Asean is relevant, should remain strong to face superpowers

PHNOM PENH: Malaysian Prime Minister Tun Dr Mahathir Mohamad today said that Asean has remained as a relevant regional grouping in the world and should continue to strengthen its cooperation in facing challenges and influences by superpowers. He said many

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Trump slaps extra 5% tariff on Chinese goods, China unrelenting

US President Donald Trump yesterday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some US$550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world’s two largest

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Brent oil up to $60, buoyed by US inventory drawdown

Prices for Brent oil soared above $60 a barrel for the first time in over a week today amid data that showed a larger-than-expected drawdown in US crude inventories, but ongoing worries about a global economic recession capped gains. Brent

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KLCI opens lower due to regional decline, stays below 1,600-level

KUALA LUMPUR: The FBM KLCI started lower in early trade, tracking the decline at regional markets, weighed by select index-linked stocks. At 9.05am, the FBM KLCI fell 3.06 points to 1,599.69. The early decliners included Focus Lumber Bhd, Sime Darby

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