Ford Motor Co. temporarily idled factories in the US over the last three weeks due to a shortage of magnets containing rare earth minerals, key components embroiled in US trade tensions with China. Chief Executive Officer Jim Farley said the situation demonstrates the need to develop a domestic supply chain for critical auto components. China…
Washington: After a round of talks in Geneva last month, the United States and China will sit down at the negotiating table in London on Monday to attempt to preserve a fragile truce on trade, despite simmering tensions. US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will lead the…
Gold prices fall as Trump hints at major US-UK trade deal- Gold prices dropped on Thursday as market nerves eased following U.S. President Donald Trump’s announcement of a possible trade deal with Britain. The news pulled investors away from the safe-haven metal, which had earlier seen some gains. As of 11:57 GMT, spot gold slipped…
Hong Kong stocks rose for a fifth straight trading day on anticipation of US-China trade talks later this week, coupled with continued capital inflows into the city, which have pushed the local currency to the strong end of its trading band. The Hang Seng Index rose 1.8 per cent to 23,075.77 at 10am on Wednesday….
President Donald Trump said he would not consider reducing tariffs on China without a major concession. “Well, I’m not going to drop ’em unless they give us something that’s, you know, substantial. Otherwise, I’m not going to drop ’em. It’ll all work out. Those things always work,” Trump told reporters aboard Air Force One. When…
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. China finds way to land its stealth jet on aircraft…