Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.Investingread more
Indonesian Trade Minister Enggartiasto Lukita said all 16 countries negotiating a mega Asia-Pacific trade agreement should remain in the framework.World Economyread more
Stocks in Asia Pacific traded mixed on Monday afternoon, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an...Asia Marketsread more
His comments come after a series of rapid escalations between Washington and Tehran.World Politicsread more
The U.S. is provoking Iran and growing risks of miscalculation could lead to a "world war," according to Malaysia's Prime Minister Mahathir Mohamad.World Politicsread more
Trump's comments come after he called off strikes against the Islamic Republic this week over concerns that a military response would kill scores of people.Politicsread more
Gold prices rose on Wednesday in subdued trade ahead of a U.S. holiday amid weakness in the dollar.
Spot gold was up 0.5 percent at $1,226.76 per ounce. U.S. gold futures rose $6.80 to settle at $1,228 per ounce.
"Gold is tracking the dollar movement," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong, adding "trading is expected to be range-bound at least till Thanksgiving unless something major happens."
The dollar index, which measures the greenback against a basket of six major currencies, was down about 0.1 percent.
It had gained about 0.7 percent in the previous session as investors shunned riskier assets in favour of safe haven currencies on escalating worries about slowing global growth and the U.S.-Sino trade war.
The yellow metal has fallen about 10 percent since hitting a peak in April as investors bought the dollar with the U.S.-China trade war unfolding against a background of higher U.S. interest rates.
Investors are now keeping a close eye on the G20 leaders' summit later this month in Argentina where U.S. President Donald Trump is expected to meet with Chinese President Xi Jinping to discuss the bilateral trade dispute.
The Trump administration on Tuesday said that China has failed to alter its "unfair" practices at the heart of the U.S.-China trade conflict.
"The on-going trade tensions between the U.S. and China are driving global equities lower and continue to underpin interest across the precious complex, while uncertainty over Brexit is also adding fuel to the fire," traders at MKS PAMP said in a note.