Asia Economy
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If tariffs threatened by President Donald Trump result in falling Chinese exports to the U.S., there will be knock-on effects for the rest of Asia. » Read More
China's central bank on Tuesday lent 200 billion yuan ($31 billion) to financial institutions via its medium-term lending facility (MLF), highlighting concerns over liquidity and potential economic drag from a trade war with the United States. » Read More |
By: Nyshka Chandran
CNBC asked analysts what constitutes a trade war amid the latest escalation in U.S.-China trade tensions. » Read More |
Japan's exports rose in May at the fastest pace in four months thanks to increased shipments of cars, car parts, and semiconductor equipment in a sign that global demand is gaining strength. » Read More |
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The latest escalation came on Friday, when President Trump announced fresh tariffs on $50 billion in Chinese goods, prompting swift retribution from Beijing, The New York Times reports.
On Friday, the White House is expected to unveil a revised list of between 800 and 900 products from China it will impose tariffs on.
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The expected tariffs against $50 billion worth of Chinese goods will escalate trade tensions between the U.S. and major economies around the world.
In a widely expected move, the BOJ maintained its short-term interest rate target at minus 0.1 percent and a pledge to guide 10-year government bond yields around zero percent.
The embattled firm, which at its peak managed $14 billion, has been in crisis amid investor accusations that it mismanaged their funds.
The United States is due to release the final list of Chinese products subject to 25 percent tariffs by Friday.
The tiny island-state of Singapore not only hosted the historic meeting between President Donald Trump and North Korean leader Kim Jong Un on Tuesday, but it also racked up a $15 million bill.
Investors have noted North Korea's large, disciplined, and cheap workforce, though many question the ability of the population to catch up with a modern economy.
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Basking in the afterglow of his apparently constructive meeting with North Korean leader Kim Jong Un, President Donald Trump said that he'd soon like a "real deal" with the U.S.' other long-time enemy Iran.
President Trump says he and North Korean leader Kim Jong Un "had a terrific day."
White House economic advisor Larry Kudlow suffered a heart attack and is at Walter Reed Medical Center, the White House says.
The country of 10 million has been struggling under tight austerity measures imposed as part of an IMF debt-reduction package.
Here's what brought the U.S. and North Korea to Tuesday's historic meeting after years of brinkmanship and defiance.
Stay vigilant on the threat of a trade war with China, advises one market watcher. It could roar back to roil markets if the U.S.-North Korea summit goes awry.
"Russia's behind-the-scenes ability to throw a wrench in the process should not be underestimated," said one analyst.
China will be closely watching President Donald Trump and North Korean leader Kim Jong Un's meeting in Singapore next Tuesday, not least because Beijing wants the ultimate deal – for U.S. troops to get out of the Korean Peninsula, said analysts.
Contact Asia Economy
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