Tag "trade war"

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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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Trump: I have to take on China despite impact on economy

WASHINGTON: US President Donald Trump said yesterday he had to confront China over trade even if it caused short-term harm to the US economy because Beijing had been cheating Washington for decades. Trump’s strongly worded comments came hours before his

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Trump wants talks on trade dispute with China

MORRISTOWN: US President Donald Trump said yesterday that US and Chinese negotiators were holding “productive” trade talks and expected them to meet in September despite US tariffs on over US$125 billion worth of Chinese imports taking effect Sept 1. “September,

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Trump cautions China to deal with Hong Kong protesters ‘humanely’

WASHINGTON: President Donald Trump yesterday tied a US trade deal with China to humane resolution of the weeks of protests wracking Hong Kong, hours after the State Department said it was “deeply concerned” about reports of movement of Chinese paramilitary

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Trump delays tariffs on Chinese products, market soars

WASHINGTON: US President Donald Trump yesterday backed off his Sept 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on US holiday sales. The

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Foreign appetite for Malaysian market steady

KUALA LUMPUR: Foreign appetite for the Malaysian market continued to remain steady for both local equities and the ringgit, said Bank Islam Malaysia chief economist Dr Mohd Afzanizam Abdul Rashid. He said foreigners remained as net buyers on Bursa Malaysia,

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Oil prices dip due to trade tensions

TOKYO: Crude oil prices fell on Tuesday amid worries over the outlook for demand after the latest signs that international trade disputes have been dragging on the global economy, although tensions in the Middle East offered some support to prices.

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