June, 2019

 

Experts think Trump policy on China counterproductive

BEIJING, June 30 — Scores of Asia specialists, including former US diplomats and military officers, want President Donald Trump to rethink policies that “treat China as an enemy,” warning the approach could hurt US interests and the global…


US President Donald Trump says is ‘in no hurry’ for a deal with China

WASHINGTON, June 30 — US President Donald Trump said yesterday that while his meeting with China’s President Xi Jinping was far better than expected, he was “in no hurry” to cut a trade deal. Trump also said he would not increase existing…


Trump hints at softer stance on China’s Huawei

OSAKA, Juen 29 ― President Donald Trump said today that US companies could sell equipment to Chinese telecom giant Huawei, indicating a potentially softer position on a key sticking point in the US-China trade war. “US companies can sell their…


Russia agrees with Saudi to extend Opec deal by 6-9 months, says Putin

OSAKA, June 29 ― Russia has agreed with Saudi Arabia to extend by six to nine months a deal with Opec on reducing oil production, Russian President Vladimir Putin said. Putin, speaking after talks with Saudi Crown Prince Mohammed bin Salman, told…


Macron says ‘good’ EU-Mercosur trade deal meets French demands

PARIS, June 29 ― French President Emmanuel Macron said today a draft trade deal between the European Union and the Mercosur group of South American countries was “good” and had met key French demands. The EU and Mercosur agreed a free trade…


G20 leaders confirm need for free, fair trade, says Japan’s Abe

OSAKA, June 29 ― Group of 20 leaders have clearly confirmed the need for a free, fair and non-discriminatory trade policy, Japanese Prime Minister Shinzo Abe said today, suggesting that members have agreed to the wording to be included in their…


EU, South America bloc reach trade deal after 20 years of talks

BRUSSELS, June 29 ― The European Union and South American trade bloc Mercosur sealed a blockbuster trade deal yesterday, ending 20 years of talks over one of the world's largest regional commercial accords, negotiators said. The agreement came…


China and US ‘back on track’, agree to restart trade talks

OSAKA, June 29 ― The United States and China agreed today to restart trade talks and Washington will not levy new tariffs on Chinese exports, China's foreign ministry said, raising hopes for the world's two largest economies to resolve their trade…


ADB’s new Singapore office to expand private sector operations

SINGAPORE, June 29 ― The new office of Asian Development Bank (ADB) in Singapore, which is expected to open in the second half of this year, will help support the expansion of its private sector operations. An agreement establishing the new office…


Singapore’s MAS to extend licences to 'non-bank players' and allow up to five digital banks

SINGAPORE, June 29 — Singapore will issue up to five new digital bank licences in a major move to liberalise the banking industry here, paving the way for fintech companies to become fully fledged banks. Out of the five licence holders, up to two…