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File photo: US President Donald Trump and Chinese President Xi Jinping (Picture credit: PTI) China has purchased at least 10 cargoes of US soybeans, worth around $300 million, in contracts signed since Tuesday, sources quoted by news agency Reuters claimed. The deals come a day after US President Donald Trump spoke with his Chinese counterpart…
Bangladesh companies sign deal to buy USD 1 billion soybeans from US China’s ports are brimming with soybeans after months of record imports, dimming hopes for US exporters even as Trump and Xi reached a new trade understanding including fresh purchase commitments from Beijing.Massive reserves, weak processing margins and cheaper South American supplies have combined…
China on Wednesday announced it will extend the suspension of an additional 24 per cent tariff on American goods for another year, while retaining a 10 per cent general tariff.According to a statement on the Ministry of Finance website, as cited by AFP, the State Council approved the measure, saying that “for one year, the…
US markets ended mixed on Thursday, with investors juggling upbeat and cautious signals from Big Tech earnings and renewed optimism around US-China trade ties.The S&P 500 slipped 0.2% from its all-time high earlier this week, while the Nasdaq composite lost 0.6%. The Dow Jones Industrial Average, however, gained 199 points, or 0.5%, by mid-morning trade,…
US President Donald Trump on Thursday hailed his long-awaited meeting with Chinese leader Xi Jinping in Busan, South Korea, as a “great success”, claiming the talks had brought “many important things to finalisation”. Speaking to reporters aboard Air Force One after the 100-minute meeting, Trump said he would travel to China in April for follow-up…
Asian markets were mixed on Thursday as investors assessed the outcome of US President Donald Trump’s meeting with Chinese President Xi Jinping, alongside cautious signals from the Federal Reserve and the Bank of Japan’s steady policy stance. Trump described his meeting with Xi as “amazing,” announcing tariff reductions on Chinese goods to 47 per cent…
US President Donald Trump met Chinese leader Xi Jinping in South Korea on Thursday in a bid to stabilise relations between the world’s two largest economies after months of trade tension. The meeting took place at a military base in Busan, with both leaders exchanging warm greetings on the red carpet.“Good to see you again,”…
North Korea successfully test-fired sea-to-surface cruise missiles into its western waters, just hours before US President Donald Trump heads to South Korea on Wednesday for the final leg of his Asia trip.The missiles flew for more than two hours before accurately striking targets, according to North Korea’s official Korean Central News Agency. The agency claimed…
File photo: US President Donald Trump with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan, in 2019. (Picture credit: AP) US President Donald Trump and Chinese leader Xi Jinping are set to discuss a proposed trade framework on Thursday that could see Washington reduce tariffs on…
US stocks hovered around record levels on Tuesday as investors awaited key events, including the Federal Reserve’s policy decision and an upcoming meeting between President Donald Trump and Chinese President Xi Jinping.In morning trade, the S&P 500 rose 0.1 per cent, while the Dow Jones Industrial Average gained 190 points, or 0.4 per cent, and…
