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POPULAR NEWS
Oil Dips as U.S.-China Tensions Add to Nerves on Global Economy

Oil edged lower as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand. Futures in New York lost 0.4% in Asian trading after falling 2% on Friday. China warned that some in the U.S. were pushing the countries toward a new Cold War, stoking concerns that deteriorating relations between the superpowers could complicate the market™s recovery from a historic demand crash. Beijing last week abandoned its decades-long practice...

Hong Kong Shares Begin On Negative Note

Hong Kong stocks started Monday with more losses, extending a sharp drop at the end of last week, after the city saw fresh street clashes over a controversial security law proposed by China. The Hang Seng Index fell 0.89 percent, or 204.44 points, to 22,725.70. China's benchmark Shanghai Composite Index edged up 0.09 percent, or 2.48 points, to 2,816.24, while the Shenzhen Composite Index on the country's second exchange dipped 0.09 percent, or 1.59 points, to 1,750.83. Source: AFP

Tokyo stocks open higher on virus hopes

Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo. The benchmark Nikkei 225 index was up 1.37 percent or 279.75 points at 20,667.91 in early trade, while the broader Topix index advanced 1.16 percent or 17.20 points to 1,495.00. Source:  AFP

Trump Postponing Tariffs on China as a 'Good Will' Gesture
Thursday, 12 September 2019 17:43 WIB | GLOBAL |Global

President Donald Trump is postponing tariffs on $250 billion in Chinese goods as a œgesture of good will.

Trump made the announcement in a late Wednesday tweet, saying Chinese Vice Premier Liu He asked for the delay in time for the People™s Republic of China™s 70th anniversary Oct. 1.

The increase in tariffs from 25% to 30% was supposed to take effect on that date. They are now set for Oct. 15. There has been no response so far from Beijing.

Trump™s announcement came after China said earlier Wednesday it is exempting a handful of U.S. products from the next round of sanctions set to begin Sept. 17. They include shrimp, a cancer-fighting machine, industrial grease and assorted chemicals.

Midlevel negotiators plan to meet later this month to prepare for the first high-level trade talks between the United States and China since July.

The talks are set to open next month in Washington.

Both sides are hoping to make a trade deal that can finally end the trade war between the United States and China.

The series of tariffs on a large number of products the U.S. and China buy from each other has rattled investors and made consumers uneasy with the outlook of higher prices.

Trump has long accused China of intellectual property theft and manipulating its currency to make its goods cheaper than American products on the world market.

China says U.S. trade policies are aimed at trying to stifle its ability to compete.

Source : VOA

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POPULAR NEWS
Oil Dips as U.S.-China Tensions Add to Nerves on Global Economy

Oil edged lower as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand. Futures in New York lost 0.4% in Asian trading after falling 2% on Friday. China warned that some in the U.S. were pushing the countries toward a new Cold War, stoking concerns that deteriorating relations between the superpowers could complicate the market™s recovery from a historic demand crash. Beijing last week abandoned its decades-long practice...

Hong Kong Shares Begin On Negative Note

Hong Kong stocks started Monday with more losses, extending a sharp drop at the end of last week, after the city saw fresh street clashes over a controversial security law proposed by China. The Hang Seng Index fell 0.89 percent, or 204.44 points, to 22,725.70. China's benchmark Shanghai Composite Index edged up 0.09 percent, or 2.48 points, to 2,816.24, while the Shenzhen Composite Index on the country's second exchange dipped 0.09 percent, or 1.59 points, to 1,750.83. Source: AFP

Tokyo stocks open higher on virus hopes

Tokyo stocks opened higher on Monday on expectations the state of emergency will be lifted for the whole nation including economic powerhouse Tokyo. The benchmark Nikkei 225 index was up 1.37 percent or 279.75 points at 20,667.91 in early trade, while the broader Topix index advanced 1.16 percent or 17.20 points to 1,495.00. Source:  AFP

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