Friday, June 7th, 2019

 

Putin, Xi hit back at US dominance at Russia economic forum

SAINT PETERSBURG, June 7 — China’s Xi Jinping and Russia’s Vladimir Putin hit back at US global economic dominance today as they took the stage together at Russia’s showcase business forum. With China embroiled in a trade war with Washington…



US stocks jump as weak jobs data fuels rate-cut talk

NEW YORK, June 7 — Wall Street stocks rose at the open today following a weak US jobs report that bolstered expectations that the Federal Reserve could soon cut interest rates. The early gains added to the week’s advance following dovish…


Putin says ‘role of dollar’ should be revisited in global trade

SAINT PETERSBURG, June 7 — Russian leader Vladimir Putin today renewed calls to revisit the role of the US dollar in global trade and accused Washington of seeking to dominate the world. Speaking at an economic forum alongside Chinese President Xi…


Putin to US: ‘Economic egoism’ is recipe for trade and maybe real wars

ST PETERSBURG, June 7 — Russian President Vladimir Putin warned the United States today that what he described as unbridled economic egoism was a recipe for trade and maybe even real wars. Putin, speaking at an economic forum in St Petersburg on…


US hiring slows sharply in May; unemployment steady

WASHINGTON, June 7 — Against the backdrop of worsening trade conflicts, US job creation slowed sharply in May, with hiring drying up in major industries and wage growth stagnating, the Labour Department reported today. The unexpectedly steep…


Macron says France will ratify ‘positive’ EU-Canada trade pact

PARIS, June 7 — President Emmanuel Macron said today that France would move to ratify a wide-ranging trade deal between the EU and Canada despite criticism the pact gives excessive power to businesses while exposing many smaller firms to unfair…


Euro heads for best week in 2019 before US jobs data

LONDON, June 7 — The euro was headed for its best week since September today, largely due to weakness in the dollar which could fall later in the day if US jobs data disappoints. US non-farm payrolls data for May due out at 1230 GMT are expected…


Europe’s 5G to cost US$62b more if Chinese vendors banned, says industry

PARIS, June 7 — A ban on buying telecoms equipment from Chinese firms would add about €55 billion (RM258 billion) to the cost of 5G networks in Europe and delay the technology by about 18 months, according to an industry analysis seen by…


Global economic outlook turns sour as trade war drags on

LONDON, June 7 — The synchronised global economic expansion, cheered on by investors who pushed Wall Street stocks to a record high last month, has started to sour and is increasingly at risk from a developing trade war between the world’s two…