world markets

 
 

Iran agrees to Opec oil cut, focus shifts back to Russia

VIENNA, Dec 7 — Iran gave Opec the green light today to reduce oil output by around 0.8 million barrels per day from 2019 after finding a compromise with rival Saudi Arabia over a possible exemption from the cuts, an Opec source said. Tehran has…


KL shares down at mid-day

KUALA LUMPUR, Dec 7 — Bursa Malaysia and some of its regional peers were lower at lunch break as investors continued to watch out for updates on the US-China trade tension, a dealer said. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM…


US wants ‘concrete’ trade action from China within 90 days

WASHINGTON: The United States said it will need to see ‘something concrete’ from China in the next 90 days to build a real agreement on trade, two days after Donald Trump and Xi Jinping called a truce in the escalating confrontation between the two economic powerhouses. Treasury Secretary Steven Mnuchin said on CNBC the US […]


US needs to see ‘something concrete’ from China in 90 days, says Mnuchin

WASHINGTON, Dec 3 — The US will need to see “something concrete” from China on trade in the next 90 days to build a real agreement, Treasury Secretary Steven Mnuchin said today. President Donald Trump and Chinese leader Xi Jinping met in…


US, China agree to trade war ceasefire, more talks

BUENOS AIRES, Dec 2 — US President Donald Trump and China’s Xi Jinping agreed yesterday to suspend any new tariffs in the escalating trade war between the world’s two largest economies, even if huge existing duties will remain in place….


China, US accuse each other of hypocrisy as WTO litigation begins

GENEVA, Nov 22 — The United States and China clashed yesterday at a World Trade Organisation meeting with a US envoy accusing Beijing of using the WTO to pursue “non-market” policies and a Chinese official saying it was Washington that was…


European shares recover after US tech rout; US dollar gains

LONDON, Nov 13 — European shares recovered today after feeling the strain of a tech rout on Wall Street, while political risks in Europe helped the dollar as investors dumped riskier assets. Fears of a peak in corporate earnings growth, softening…


Asia stocks pressured on global growth worries, oil woes

SHANGHAI, Nov 12 — Asian shares fell today, extending weakness in global equity markets at the end of last week as soft Chinese economic data and falling oil prices rekindled anxiety about the outlook for world growth. MSCI’s broadest index of…


Dollar stands tall, stocks fall after hawkish Fed minutes

LONDON, Oct 18 — The dollar rose to a one-week high today and stocks edged lower after signs that the Federal Reserve will keep raising interest rates through 2019 undermined a bounce in world markets. China’s stock markets were hit hard — its…


US bond yields near seven-year high stymie world stocks’ recovery

LONDON, Oct 10 — World stocks flatlined today just above eight-week lows, curbed by US long-dated borrowing costs near multi-year peaks, renewed fears for the global economy and the possibility of an Italy-EU clash over budget spending. The…