Hong Kong stocks remain favourable, as attractive valuations and easing tariff uncertainty have enhanced the predictability of corporate earnings on the city’s stock market, according to US fund manager Franklin Templeton. The firm, which manages US$1.5 trillion of assets worldwide, was “constructive” on Hong Kong and mainland China’s stock markets, as the valuations remained reasonable…
Prime Minister Narendra Modi’s praise for Russian President Vladimir Putin and New Delhi’s renewed engagement with Beijing indicate another sign India is tilting away from the US in the face of Donald Trump’s unprecedented tariff hikes. Chinese President Xi Jinping, Russian President Vladimir Putin and Indian Prime Minister Narendra Modi attend a concert before an…
US Secretary of State Marco Rubio has acknowledged that imposing secondary sanctions on China for refining Russian oil could drive up global energy prices, even as Washington has punished India with additional tariffs for continuing to purchase crude from Moscow. Speaking to Fox News on August 17, Rubio cautioned that targeting Chinese refiners would have…
US President Donald Trump’s meeting with Russian President Vladimir Putin in Alaska on Friday will draw global attention — from Washington and Moscow to Europe, Ukraine, and even New Delhi. India’s Prime Minister Narendra Modi, US President Donald Trump and Russia’s President Vladimir Putin.(AFP file) The reason: The outcome of the high-stakes summit between the…
India received support from unlikely quarters amid Donald Trump’s aggressive tariff moves after Chinese ambassador Xu Feihong called the US a “bully” as it doubled the tariffs on New Delhi to 50%. “Give the bully an inch, he will take a mile,” Xu said, pointedly criticising the White House without naming Trump. The remark is…
Protectionist US trade policies and related uncertainty – primarily the renewed Trump tariffs – are the most pressing challenge faced by US apparel businesses in 2025, says a new benchmarking study released today by the United States Fashion Industry Association (USFIA). Nearly 95% of respondents to the survey placed tariffs among their top two concerns,…
STOCKHOLM: Top trade officials from China and the US launched a new round of talks Monday in a bid to ease tensions over tariffs between the world’s two biggest national economies.US treasury secretary Scott Bessent and Chinese vice premier He Lifeng were meeting at the offices of Sweden’s prime minister for two days of talks…
STOCKHOLM: Top US and Chinese economic officials resumed talks in Stockholm on Monday to resolve longstanding economic disputes at the centre of a trade war between the world’s top two economies, aiming to extend a truce by three months. US Treasury Chief Scott Bessent was part of a US negotiating team that arrived at Rosenbad,…
US President Donald Trump said on Wednesday that America will work out a deal with China where Beijing could sentence those who transport fentanyl drug into Washington to death. Trump said that the tariffs he has imposed on China will act like a penalty to make up for the losses suffered by the US due…
All will come into effect in August, as more announcements are expected. EU negotiations, for instance, are still ongoing. Trump has also newly threatened countries that align themselves with what he called the “anti-American” policies of the BRIC nations (core members include Brazil, Russia, India, China and South Africa), with an additional 10 per cent…