China and the US

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Are U.S. recession concerns rising with trade war?

Goldman Sachs Group Inc. is raising concerns of a U.S. recession as the trade war with China intensifies, boosting the impact on economic growth, Bloomberg reported citing a research note. The U.S. investment bank said it no longer …

Beijing sets yuan at its weakest level since 2008

China’s yuan inched up in early trade today, despite the central bank setting its official midpoint past the key seven to the dollar threshold for the first time since global financial crisis. The People's Bank of China (PBOC) …

Oreshkin: Russia may replace some U.S. goods for China

Russia and China are in talks on various fields of cooperation including Moscow’s replacement of some U.S. goods for China and shifting China to the Russian market, Russian Economic Development Minister Maxim Oreshkin …

Oil prices climb on short-covering after decline

Oil prices rose more than 1% this morning as traders betting on falling prices bought back contracts to lock in profits after declines over the last three sessions due to the escalating trade tensions between China and United States. …

 China threatens to respond to U.S. tariff hike

  China is ready to respond to the U.S. tariff increase announced by President Donald Trump, Chinese Foreign Ministry Spokesperson Hua Chunying said today at a regular briefing. "If the U.S. is …

 Putin reveals threat to global economy

The entire world will be affected if the United States and China fail to find a way out of the trade frictions, it is necessary to abandon the practice of politically motivated restrictions, Russian President Vladimir Putin …

Huawei: U.S. patent curbs to hurt global tech

Chinese tech giant Huawei warned a U.S. senator’s proposal to block the company from pursuing damages in patent courts would be a "catastrophe for global innovation." According to the company’s chief legal …

U.S. ready for tariff truce with China?

The U.S. and China have tentatively agreed to another truce in their trade war in order to resume talks aimed at resolving the dispute, sources familiar with the situation said. Such an agreement would avert the next round of …

G20 frets over global economy amid US-China trade war

The world’s top finance policymakers Sunday weighed the impact of ballooning trade tensions on the global economy amid differences over the extent to which they are dragging on growth, The Times of Israel reported. Finance …