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 world will consume less oil next year than previously thought as a climate of economic insecurity continues, according to the latest demand forecast by the International Energy Agency (IEA).
The influential group estimates that global oil demand growth will slow from 1.4 millions of barrels a day (mb/d) in 2016 to 1.2 mb/d in 2017, 0.1 mb/d below its previous forecasts.
On Wednesday, OPEC, the group of the world's biggest oil producing countries, left its outlook for oil demand growth for 2017 unchanged at 1.15 mb/d, but upgraded its forecast for 2016 oil demand growth, which has dampened hopes for a deal on a production freeze at its meeting next month.
The price of oil, which has averaged $45 a day in August so far, has been on a downwards slope, apart from occasional rallies, since July 2014, when it averaged above $100 a day. At first, this was blamed on a production glut, but as concerns about global economic growth set in, this dampened expectations even further.
"When it comes to the recent price decline, the dynamics of the crude oil market hold the key. Crude oil - still the largest part of the global oil market - has its own fundamentals that are not necessarily in sync with the total liquids market," IEA analysts wrote in their report.
"The massive overhang of stocks is also keeping a lid on prices, with both newly produced and stored crude competing for market share in an increasingly volatile refinery margin environment."