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Wall Street flat as US-China trade deal optimism fades

NEW YORK, Oct 14 — US stocks halted a three-day winning streak today, as oil prices dived 2 per cent and rising doubts over how quickly a partial US-China trade deal announced on Friday could be sealed. Energy majors such as Exxon Mobil Corp and…


Wall Street jumps but ends off highs after partial trade deal

NEW YORK, Oct 12 — US stocks ended more than 1 per cent higher yesterday though well off the day’s highs after the announcement of a partial trade deal between the United States and China. Indexes cut their gains late in the session as the deal…


US, China agree ‘Phase 1’ trade deal; Trump suspends October tariff hike

WASHINGTON, Oct 12 — The United States and China agreed yesterday to the first phase of a deal to end a trade war, prompting President Donald Trump to suspend a threatened tariff hike, but officials said the agreement had to be put on paper and…


US consumer inflation tame, labour market still tightening

WASHINGTON, Oct 11 — US consumer prices were unchanged in September and underlying inflation retreated, supporting expectations the Federal Reserve will cut interest rates in October for the third time this year amid risks to the economy from…


Bursa Malaysia climbs after opening marginally lower

KUALA LUMPUR, Oct 11 — Bursa Malaysia was higher early today, tracking the better overnight performance of Wall Street and the expected “goodies” from Budget 2020 to be tabled later today. At 9.08am, the benchmark FTSE Bursa Malaysia KLCI (FBM…


Asian shares firm as 'very good' trade talks boost risk appetite

SHANGHAI, Oct 11 — Asian shares and US stock futures rose today after US President Donald Trump said he would meet with China's top trade negotiator, while sterling retreated after rallying on revived hopes of a possible Brexit deal. Investors'…


Wall Street closes higher on fresh hopes for US-China trade deal

NEW YORK, Oct 11 — US stocks rose yesterday on hopes that top-level US-China trade talks would yield at least a partial deal, while a jump in Apple's shares also boosted the market. Top US and Chinese negotiators met yesterday for the first time…


Trump to meet China envoy, lifting hopes for trade talks

WASHINGTON, Oct 10 ― President Donald Trump announced today he will meet with China's top trade envoy as the two sides pursue fraught negotiations that this week appeared headed for a dead end. In a tweet, Trump said he will meet tomorrow with…


Wall Street opens flat with focus on US-China trade talks

NEW YORK, Oct 10 ― US stocks opened flat today, as top negotiators from the United States and China meet for the first time since late July to try to hammer out a deal to end the 15-month long trade war. The Dow Jones Industrial Average fell 28.66…


Global stocks recover but disquiet over trade talks lingers

TOKYO, Oct 10 — Global stocks recouped early losses as news reports raised hopes that the United States and China would settle some economic disputes, but investors were kept on edge by an earlier report that trade talks due to begin today could…