US-China trade talks

Rupee plunges to over 6-mth low of 71.43; skids 29 paise

7:45 pm August 19, 2019

Mumbai: The Indian rupee tumbled 29 paise to close at an over six-month low of 71.43 against the US dollar on Monday amid growing worries over economic slump and sustained foreign fund outflows. Further, rising crude oil prices and strengthening of the US dollar vis-a-vis other currencies overseas also took toll on the Indian currency. […]

China’s exports unexpectedly rise in July

4:54 pm August 8, 2019

Beijing: China’s exports beat expectations to rise in July while its purchases continued to shrink, official data showed Thursday, despite simmering US trade tensions. The trade war with the United States and weakening global demand had weighed on China’s manufacturing sector during the first six months of the year, with its global exports roughly flat […]

Rupee rebounds 18 paise to 70.71 against USD in early trade

11:06 am August 8, 2019

Mumbai: The rebounded by 18 paise to 70.71 against the US dollar in early trade on Thursday, a day after the Reserve Bank of India cut the key interest rate by 35 basis points. At the interbank foreign exchange, the rupee witnessed high volatility against the US dollar. The local unit opened strong at 70.80 […]

Xi said Sino-US relations were at a "critical juncture", CCTV said, adding that cooperation was mutually beneficial and "the only right choice." "I hope that the US will take substantive actions to improve Sino-US relations, and both sides can work together to strengthen cooperation in fighting the epidemic," he said. Some provinces, cities and companies in China have provided medical supplies and support to the US as well, Xi added.

Trump wants trade pact with China but must be ‘right deal’: WH advisor

10:02 pm August 6, 2019

Washington: President Donald Trump wants a trade agreement with China but it must be “the right deal,” White House economic advisor Larry Kudlow said Tuesday. Kudlow’s remarks came as markets attempted a recovery from Monday’s deep sell-off, prompted by a sudden escalation in the US-China trade since last week. “The president was not happy with […]

Will Trump's mishandling of records leave a hole in history?

Trump warns China of substantial increase in import tariffs

9:13 pm August 3, 2019

Washington: US President Donald Trump has warned of imposing substantial tariffs on imports from China if the trade negotiations did not go well. “China has to do a lot of things to turn it around. But you’ll be seeing. They’ve got to do a lot of things. It (tariff increase) goes on September 1,” Trump […]