President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
The dollar slipped against most major currencies on Monday after last week's disappointing U.S. jobs data fueled uncertainty about whether the Federal Reserve will begin to taper its stimulus program this month.
The yen fell as Japanese stocks rallied following Tokyo's winning bid to host the 2020 Olympics and as Japanese second-quarter economic growth was revised up sharply. The yen and Japanese stocks have held a strong negative correlation this year.
Data Friday showing slower-than-expected U.S. job growth in August, even as the jobless rate hit a 4-1/2-year-low, continued to weigh on sentiment, although the dollar did not undergo the mauling it took on Friday.
"We're still re-evaluating the nonfarm payrolls release on Friday," said Michael Woolfolk, global market strategist at BNY Mellon in New York. "But the market does appear to be taking this more in stride today, and sentiment is the Fed will taper in September despite the sour report."
The euro rose 0.5 percent to $1.3251, also lifted by better-than-expected euro zone sentiment data. It hit a more than one-week high of $1.3280, according to Reuters data.
The dollar index, the dollar against a basket of six currencies, was down 0.6 percent at 81.83 on Monday, extending Friday's 0.6 percent drop.
The dollar gained 0.5 percent to 99.59 yen, having hit a high of 100.10 yen, according to Reuters data. The euro rose 1.0 percent to 131.94 yen.
The Olympics win for Tokyo could translate into a big boost for the Japanese economy and a shot in the arm for Prime Minister Shinzo Abe, who is attempting to reflate the economy after decades of sub-par growth and deflation.
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