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
Crude oil rose on Wednesday, as investors took in stride a decision by the U.S. Federal Reserve to trim its monetary stimulus that could eventually tame commodities prices..
After months of speculation, the Fed announced it would curb its massive crisis-era stimulus by $10 billion a month. Fed Chairman Ben Bernanke is expected to give details later on how much further the central bank could go. Stimulus has supported assets such as commodities, and restrained the dollar.
Strong demand for Brent from Mediterranean refiners in the absence of Libyan supply also supported the international benchmark.
U.S. crude held gains after data from the U.S. Energy Information Administration (EIA) showed crude inventories in the world's largest oil consumer dropped 2.9 million barrels to 372.3 million barrels, compared with forecasts of a 2.3 million barrel draw. The higher-than-expected draw was countered by data showing refinery runs fell 1.1 percent from the previous week.
A steady run of firm U.S. economic data in recent weeks has raised speculation the Fed could reduce its bond buying, known as quantitative easing or QE, at its policy meeting ending later in the day.
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