Hong Kong’s economy grew by 3.1 percent in the first quarter of the year, the city’s government said Friday, though it warned US tariffs had heightened “downside risks” in the global economy. US President Donald Trump’s stinging tariffs of 145 percent on many Chinese products came into force last month. Beijing has responded with fresh … Read more
Futures for Canada’s main stock index surged on Friday, tracking gains in global equities as signs of potential trade talks between the U.S. and China lifted investor mood. The TSX Composite Index declined 46.13 points to close Thursday at 24,795.55. June futures were up 0.7% Friday. The Canadian dollar took on … Read more
Advertisment S&P 500 futures rose early Friday as investors cheered China’s announcement that it is evaluating the possibility of starting trade negotiations with the U.S. Futures for the Dow Jones Industrials popped 171 points, or 0.4% to 41,026. Futures for the much broader index gained 20.5 points, or 0.4%, to 5,643.75. … Read more
Asia-Pacific markets rose after China said that it was evaluating possible trade talks with the U.S. Markets in the region also trailed gains on Wall Street after all three key benchmarks advanced overnight on optimism that a slowdown in the global economy will not impede the progress of developments in artificial intelligence. … Read more
As if China’s solar panels and equipment companies haven’t already been reeling from low product prices and overcapacity, the U.S.-China trade war and the triple-digit tariffs are adding insult to injury to the profitability of the Chinese solar manufacturing industry. All top Chinese solar equipment producers booked losses for … Read more
Equities in Canada fell on Wednesday, as a contraction in the domestic and U.S. economies intensified investor worries about the fallout from U.S. President Donald Trump’s tariff policies. The TSX Composite Index came off its lows of the day, to climb to within 32.8 points of breakeven to close Wednesday at 24,841.68. … Read more
Canada’s main stock index was subdued in choppy trading on Tuesday, as cautious investors moved on from the country’s elections to focus on the potential economic impact of a global trade war triggered by U.S. President Donald Trump’s tariffs. The TSX Composite Index gained 10.18 points to pause for lunch Tuesday at … Read more
Asia-Pacific markets traded mixed Tuesday tracking Wall Street after U.S. President Donald Trump’s administration said that it would move to reduce the impact of auto tariffs, while investors also assessed company earnings. Markets in Japan were closed for holiday. In Hong Kong, the Hang Seng Index regained 36.15 points, or 0.2%, … Read more
China and the Philippines on Monday defended their claims to a disputed reef in the South China Sea, after Manila accused Beijing of seeking to “intimidate and harass” with a state media report that suggested the area had been seized. The Sandy Cay reef lies near Thitu Island, or Pag-asa, where the Philippines stations troops … Read more
A top Chinese economic official on Monday said Beijing was on the “right side of history” in its gruelling trade war with the United States. Since returning to the White House in January, US President Donald Trump has imposed 10 percent tariffs on most US trading partners and a separate 145 percent levy on many … Read more