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
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread 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
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
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
The dollar tumbled on Monday as sterling surged more than 2 percent and the euro jumped after opinion polls swung in favor of the campaign for Britain to stay in the European Union, boosting risk sentiment.
Investors reacted after three of six opinion polls published during the weekend showed a shift toward keeping Britain in the EU, with some citing the killing last week of pro-EU lawmaker Jo Cox as a factor.
The implied probability of a "remain" vote in Thursday's referendum rose to around 78 percent after falling as low as 60 percent last Thursday, according to odds from gambling website Betfair.
Riskier assets like stocks rose while traditional safe-havens like the Japanese yen, U.S. Treasuries and gold all fell in a reversal of the risk-off trading that has dominated markets for much of June.
"From what we've seen in the market those are the Brexit trades and we've just seen a reversal of them after the seeming reversal or at least moderation in the polls for Britain leaving the European Union," said Joseph Trevisani, chief market strategist at Worldwide Markets in Woodcliff Lake, New Jersey.
The dollar fell 0.6 percent against a basket of major currencies to 93.65, after hitting its lowest level since June 9.
Sterling earlier rose to a global session high of $1.4673, its highest in nearly three weeks, as it extended a recovery from Thursday's more than two-month trough of $1.4013.
The rise put sterling on track for its best one-day performance in seven years. It was last up 2.3 percent at $1.4687.
Indicating a general pick-up in risk appetite as Brexit worries eased, European shares and the U.S. S&P 500 both rose.
The yen fell across the board offering some relief for Japanese policymakers concerned about the currency's recent strength.
Bank of Japan Governor Haruhiko Kuroda on Monday acknowledged for the first time that the central bank had failed to hit its inflation target in the two-year time frame set in 2013, keeping alive chances for more stimulus in coming months.
The euro jumped 0.1 percent to 117.55 , well above Thursday's three-year low of 115.51. Against the dollar, the euro gained 0.28 percent to $1.1307.