Donald Trump hints at extending ByteDance's TikTok sale deadline, after twice delaying a ban initially set under the 2023 law citing national security and data privacy concerns
Beijing has not committed to grant export clearance for some specialised rare-earth magnets that US military suppliers need for fighter jets and missile systems
For other trading partners, the US-China deal, as it currently stands, suggests that tariffs would settle at significantly higher levels than before the announcement of the so-called reciprocal tariff
Beijing has gained time to build up its own strengths by drawing out negotiations with the United States, using its chokehold over critical minerals
Sensex sheds 823 points and Nifty 253 as Middle East tensions rise and trade worries persist; aviation stocks hit after fatal Air India crash raises sentiment fears
Asian shares were trading mixed early Thursday after Wall Street's rally stalled as investors appeared not to react much to the results of the latest round of China-US trade talks. US futures slipped while oil prices rose. Japan's Nikkei 225 lost 0.7 per cent to 38,160.80. Hong Kong's Hang Seng sank 0.7 per cent to 24,206.69, while the Shanghai Composite index edged 0.1 per cent lower to 3,400.30. In South Korea, the Kospi gained 0.4 per cent to 2,919.67, while Australia's S&P/ASX 200 edged 0.1 per cent higher to 8,604.70. On Wednesday, the S&P 500 fell 0.3 per cent to 6,022.24 for its first loss in four days. The Dow Jones Industrial Average was virtually unchanged at 42,865.77 after edging down by 1 point. The Nasdaq composite slipped 0.5 per cent to 3,400.30. All told, the S&P 500 fell 16.57 points to 6,022.24. The Dow Jones Industrial Average slipped 1.10 to 42,865.77, and the Nasdaq composite sank 99.11 to 19,615.88. Several Big Tech stocks led the way lower, and a ...
Indian Rupee today: The domestic currency appreciated 11 paise to end at 85.51 against the dollar, after closing at 85.62 on Tuesday
JL Mag Rare-Earth Co. said that officials approved a certain number of export applications, and the company had permits for regions including the US, Europe and Southeast Asia
Coercive trade policies are not a sustainable solution to today's trade tensions, said Lagarde
US commerce secretary Lutnick said the London agreement would lift some recent US export restrictions but gave no details after talks ended
Indian Rupee today: The domestic currency appreciated 1 paise to end at 85.62 against the dollar, after closing at 85.63 on Monday
US-China trade talks aim to defuse rising tensions over chip exports and critical minerals, revive Geneva truce, and ease strain on global supply chains amid signs of economic stress
Huawei founder Ren Zhengfei also expressed confidence in the interview that China can make breakthroughs in AI and software, particularly in an increasingly open-source environment
China's exports rose 4.8 per cent in May from a year earlier, lower than expected as shipments to the United States fell nearly 10 per cent, according to customs figures released on Monday. Imports declined 3.4 per cent year-on-year, leaving a trade surplus of USD 103.2 billion. China exported USD 28.8 billion to the United States in May, while its imports from the US fell 7.4 per cent to USD 10.8 billion, the report said. Trade slowed in May after China's global exports jumped 8.1 per cent in April, even after US President Donald Trump struck a deal with Beijing to delay implementation of stiff tariff hikes to allow time for talks. The next round of US-China talks was due to take place later Monday in Britain.
Wall Street stocks had closed sharply higher on Friday after the jobs data eased concerns about damage to the world's biggest economy from President Donald Trump's unpredictable tariff regime
US-China trade talks in London this week are expected to take up a series of fresh disputes that have buffeted relations, threatening a fragile truce over tariffs. Both sides agreed in Geneva last month to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession. Since then, the US and China have exchanged angry words over advanced semiconductors that power artificial intelligence, rare earths that are vital to carmakers and other industries, and visas for Chinese students at American universities. President Donald Trump spoke at length with Chinese leader Xi Jinping by phone last Thursday in an attempt to put relations back on track. Trump announced on social media the next day that trade talks would be held on Monday in London. Technology is a major sticking point The latest frictions began just a day after the May 12 announcement of the Geneva agreement to pause tariffs for 90 days. The U
The Chinese commerce ministry confirmed the approval of the applications without specifying which countries or industries were covered
Senior US administration officials will meet with a Chinese delegation on Monday in London for the next round of trade negotiations between Washington and Beijing, President Donald Trump said Friday. The meeting comes after a phone call between Trump and Chinese leader Xi Jinping on Thursday, which the US president described as a very positive conversation as the two countries attempt to break an impasse over tariffs and global supplies of rare earth minerals. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer will represent the US side in the trade talks. The meeting should go very well, Trump wrote on his social media platform Friday afternoon.
Brent crude futures gained $1.28, or 1.96 per cent, to $66.62 a barrel by 1649 GMT. US West Texas Intermediate crude climbed $1.34, or 2.11 per cent, to $64.71
After what he described as a "very good" 90-minute call with Xi Jinping, Trump says US-China trade talks will resume soon with rare earth issues resolved