Saturday, May 25th, 2019

 

Japan and US must work to narrow differences on trade, says economy minister Motegi

TOKYO, May 25 — Japan and the United States still need to work to narrow their differences on trade, Japan’s economy minister said today, following a meeting with US Trade Representative Robert Lighthizer. Toshimitsu Motegi met with Lighthizer…


Trump urges fairer trade with Japan at start of state visit

TOKYO, May 25 — President Donald Trump today vowed to make the US trade relationship with Japan a “little bit more fair”, as he kicked off a four-day visit to Tokyo aimed at cementing ties between the two close allies. Trump’s four-day trip…


ECB hopeful Rehn lays out challenges facing Draghi successor

HELSINKI, May 25 — European Central Bank presidential hopeful Olli Rehn spelled out the challenges facing Mario Draghi’s successor in an interview published on Saturday, but declined to comment on the process. The ECB rate setter and Bank of…


Bukalapak: One of Indonesia’s largest online marketplaces is coming to Malaysia (VIDEO)

KUALA LUMPUR, May 25 ― Bukalapak, one of Indonesia’s largest consumer-to-consumer online marketplaces is getting ready to expand into Malaysia and throughout the region with the launch of its BukaGlobal app. The company is expected to make an…


China accuses US officials of misleading public on trade war

BEIJING, May 25 ― China yesterday accused US officials of lying to the public about their trade war, as rising tensions between the world's two largest economies kept financial markets in a state of unease. Talks to end the trade dispute collapsed…


Ringgit to be range bound against US dollar next week

KUALA LUMPUR, May 25 ― The ringgit is expected to be range bound against the US dollar next week on US-China trade tension fears. The market operated on a holiday-shortened week as it was closed on Monday for Wesak Day and Wednesday for Nuzul…


Trade protection doesn't have to exclude growth stocks, strategists say

NEW YORK, May 25 ― The escalating US-China trade war has sent dividend-rich sectors like utilities higher, but investors don't need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some…


Weak US manufacturing underscores slowing economic growth

WASHINGTON, May 25 ― New orders for US-made capital goods fell more than expected in April, further evidence that the economy was slowing after a growth spurt in the first quarter that was driven by exports and a buildup of inventories. The report…


European shares recover after Trump signal on trade war

LONDON, May 25 ― European shares rose yesterday after US President Donald Trump predicted a swift end to a damaging trade war with China. The market appeared unfazed by British Prime Minister Theresa May's resignation as Conservative party leader…


Global stocks climb on muted trade hopes, dollar slips

NEW YORK, May 25 ― World equity markets rebounded yesterday from the previous day's sharp fall, after US President Donald Trump said complaints against China's Huawei Technologies Co Ltd might be resolved within the framework of a Sino-US trade…