TOKYO — The U.S. dollar climbed to its highest level in more than two weeks against the yen on Monday, kicking off a busy week dominated by high-stakes trade meetings and central bank decisions. The greenback rose 0.2% to 153.12 yen, its strongest since October 10, as investors braced for a packed agenda of global […]
Xi Jinping
US-China trade talks in Kuala Lumpur raise hopes for breakthrough
KUALA LUMPUR – Hopes for easing tensions between the world’s two largest economies grew on Sunday as the United States and China held the second day of trade talks in Kuala Lumpur, setting the stage for a potentially “productive meeting” between Presidents Donald Trump and Xi Jinping later this week. US Trade Representative Jamieson Greer […]
Trump heads to Asia amid uncertainty over Xi meeting
US President Donald Trump take off on a five-day trip to Asia on Friday. His aim is to secure trade, mineral, and ceasefire deals across Malaysia, Japan, and South Korea. The visit marks Trump’s first to the region during his second term. Although his longest international tour since taking office. The trip comes amid escalating […]
Oil prices dip after surge but remain set for strong weekly gain
NEW DELHI – Oil prices edged lower in early Friday trade, giving up some of the sharp gains from the previous session but staying on track for a weekly increase, as new U.S. sanctions on Russia’s top oil producers stoked global supply concerns. Brent crude futures slipped 36 cents, or 0.55%, to $65.63 a barrel, […]
US dollar steady ahead of inflation data
SINGAPORE – The US dollar held firm on Friday, heading for a modest weekly gain as investors awaited delayed US inflation data and anticipated that the Federal Reserve would proceed with an interest rate cut next week. The dollar index stood at 98.92, on track for a 0.37% weekly rise, while the euro and sterling […]
Trump administration mulls sweeping export curbs on China
WASHINGTON: The Trump administration is weighing a sweeping plan to restrict software-powered exports to China, including items ranging from laptops to jet engines, in retaliation for Beijing’s latest rare earth export controls, according to US officials and sources briefed on the deliberations. The proposed measure, not yet finalized, would target global shipments containing US software […]
Trump Admits 100% Tariff on China “Not Sustainable”
WASHINGTON — U.S. President Donald Trump on Friday admitted that his proposed 100% tariff on Chinese imports would not be economically sustainable, but insisted Beijing’s actions forced Washington into the latest trade escalation. “It’s not sustainable, but that’s what the number is,” Trump said in an interview with Fox Business Network, when asked about the […]
China Expels Nine Top Generals in Major Anti-Corruption Purge
BEIJING – China’s Communist Party has expelled nine top military generals from both the party and the armed forces in one of the biggest anti-corruption purges in recent years. According to the Ministry of Defence, the officials — many of them members of the Party’s powerful Central Committee — are accused of serious financial crimes […]
China Calls Restrictions “Consistent with Global Practice”
BEIJING, October 17, 2025 — China on Thursday issued a seven-point rebuttal to US accusations that its new rare earth export controls amount to a “global supply-chain power grab,” as trade tensions between the two largest economies continue to escalate ahead of an expected meeting between Presidents Xi Jinping and Donald Trump. Read More: China […]
Trump Doubles Tariffs on China
WASHINGTON – US President Donald Trump has reignited the trade war with China, announcing an additional 100% tariff on Chinese goods and threatening to cancel his upcoming meeting with President Xi Jinping. Trump said the move comes in retaliation for what he described as Beijing’s “extraordinarily aggressive” decision to impose export restrictions on rare earth […]