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Beat of the Nation
Sun, 15 Sep 2019, 9:46 PM
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Topic: Steven Mnuchin

Malay Mail:
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Washington, Beijing lay ground for trade deal talks; China buys US soybeans
BEIJING/WASHINGTON, Sept 13 — The United States yesterday welcomed China’s renewed purchases of US farm goods while maintaining the threat of US tariff hikes as the world’s two largest economies...
Malay Mail:
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China says firms have started inquiring about US agri buys
BEIJING, Sept 12 — China’s Commerce Ministry said today that Chinese companies have started to inquire about prices for US agricultural goods purchases, in a further sign of a thaw emerging in a b...
Malay Mail:
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Trump: US agrees to delay tariff hike on some Chinese goods by 2 weeks
WASHINGTON, Sept 12 — US President Donald Trump said yesterday the United States has agreed to delay increasing tariffs on US$250 billion (RM1.04 trillion) worth of Chinese imports from October 1 to...
The Borneo Post:
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Trump fires security chief John Bolton
John Bolton WASHINGTON: President Donald Trump on Tuesday announced the firing of hawkish national security advisor John Bolton, a move widely seen as boosting the president’s push to negotiate wi...
Malay Mail:
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White House adviser plays down expectations for US-China talks
WASHINGTON, Sept 11 ― A senior White House adviser tamped down expectations yesterday for the next rounds of US-China trade talks, urging investors, businesses and the public to be patient about res...
The Star:
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China stocks retreat as steep factory price slump weighs; HK rises
SHANGHAI: China stocks retreated on Tuesday, snapping their week-long winning streak, after data showed country's factory-gate prices had shrunk at the sharpest...
Malay Mail:
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US seeks to privatise mortgage giants a decade after market meltdown
WASHINGTON, Sept 10 — A decade after the mortgage bubble burst sparking the Great Recession, President Donald Trump wants to privatise two financial lynchpins of the multi-trillion-dollar American h...
Malay Mail:
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US economy untouched by trade war, says Mnuchin
WASHINGTON, Sept 9 — US Treasury Secretary Steven Mnuchin today said America’s economy was unscathed after more than a year of entrenched trade conflict with China and Europe.
The Star:
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US-China trade conflict could take years to resolve: White House economic adviser
WASHINGTON: White House economic adviser Larry Kudlow said on Friday the United States wants "near term" results from U.S.-China trade talks in September...
Malaysiakini:
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US, China more divided than ever as new trade talks loom
Senior US and Chinese officials have pledged to meet in October to settle their ongoing trade war but a lasting peace seems more elusive than ever.
Malay Mail:
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US, China more divided than ever as new trade talks loom
WASHINGTON, Sept 6 — Senior US and Chinese officials have pledged to meet in October to settle their ongoing trade war but a lasting peace seems more elusive than ever.
The Star:
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US, China more divided than ever as new trade talks loom
Senior U.S. and Chinese officials have pledged to meet in October to settle their ongoing trade war but a lasting peace seems more elusive than ever.
The Star:
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Markets jump as US and China agree to resume trade talks
WASHINGTON/BEIJING: China and the United States on Thursday agreed to hold high-level talks in early October in Washington, cheering investors hoping for a trade war...
Malay Mail:
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US stocks jump on China trade talks announcement
NEW YORK, Sept 5 — Wall Street stocks jumped early today on news that the United States and China would resume high-level trade talks in October, mitigating fears of further escalation in the trade ...
Malay Mail:
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US, China to resume trade talks in Washington in October
BEIJING, Sept 5 — China and the United States will resume trade talks in Washington in early October, Beijing said today, allaying fears that new punitive tariffs would lead to a breakdown in the pr...
Malay Mail:
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Asian markets mostly rise as dealers absorb positive news
HONG KONG, Sept 5 — Most Asian equities and currencies rallied today, building on the previous day’s advance as investors were cheered by a number of positive developments on trade, Hong Kong and ...
The Star:
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China, US to hold trade talks in Oct; Beijing says phone call went well
BEIJING: China and the United States on Thursday agreed to hold high-level trade talks in early October in Washington, amid fears that an escalating trade war...
Malay Mail:
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China says latest phone call on trade with US went very well
BEIJING, Sept 5 — China’s commerce ministry said today that a phone call today with US top trade negotiators went very well, adding that Beijing opposes any escalation in the trade war.
The Edge Markets:
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KLCI down after rising on US-China Oct trade talk news
KUALA LUMPUR (Sept 5): The FBM KLCI settled down 0.81 point or 0.05% at 1,599.08 at Bursa Malaysia's afternoon break on profit taking after rising with world share markets, as investors evaluated new...
Malay Mail:
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US, China to resume trade talks in Washington in October
BEIJING, Sept 5 — US and Chinese trade negotiators will resume talks in Washington in early October, Beijing said today, after new punitive tariffs raised fears of a breakdown in the protracted nego...
The Star:
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China, US to hold trade talks in October
BEIJING: China and the United States agreed to hold high-level trade talks in early October in Washington, China's commerce ministry said on Thursday, amid fears that an...
The Star:
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US, France to lead talks on a global digital tax
France and the United States agreed to take leading roles in talks aimed at reaching a deal on a global digital tax by mid-2020.
The Edge Markets:
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KLCI starts on cautious note as trade talks keep investors on tenterhooks...
KUALA LUMPUR (Aug 29): The FBM KLCI got off to a cautious start Thursday as the much anticipated trade talks between the US and China continue to keep investors on tenterhooks.
The Edge Markets:
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Asian Stocks Set for Muted Open; Dollar Gains
(Aug 29): Asian stocks look set for a muted open Thursday as investors awaited new developments in the U.S. and China trade negotiations.
Malay Mail:
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US does not intend to intervene in currency markets for now, Mnuchin tells Bloomberg
WASHINGTON, Aug 29 — US Treasury Secretary Steven Mnuchin said yesterday the United States does not intend to intervene in currency markets for now, Bloomberg News reported.
Malay Mail:
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Dollar falls as yield curve inversion deepens
NEW YORK, Aug 28 ― Renewed caution about resolving the US-China trade war drove investors to safe-haven assets yesterday, deepening the Treasury yield curve inversion and lifting the Japanese yen ag...
Malay Mail:
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Macron defuses French digital tax row, Trump coy on wine threat
BIARRITZ, Aug 27 — France and the United States reached a deal to end a standoff over a French tax on big internet companies, though US President Donald Trump declined to say whether his threat of a...
Malay Mail:
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Signs of hope as Trump says US-China trade talks back on
BIARRITZ, Aug 26 — There were signs of a thaw in trade-war tensions between China and the US today as President Donald Trump said delegations would “very shortly” resume talks and Beijing’s to...
The Star:
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Trump says China trade deal coming, Beijing calls for resolution
BIARRITZ, France/BEIJING: The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and U.S. President Donald Trump...
Malay Mail:
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French, US officials strike draft compromise on French digital tax
BIARRITZ, France, Aug 26 — French and US negotiators have reached a compromise agreement on France’s digital tax, a levy which prompted US President Donald Trump to threaten a separate tax on Fren...
Malay Mail:
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China says wants ‘calm’ resolution to US trade war
BEIJING, Aug 26 — China is willing to resolve its trade dispute with the United States through “calm” negotiations and resolutely opposes the escalation of the conflict, Vice Premier Liu He, who...
The Star:
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China says wants 'calm' resolution to US trade war
BEIJING: China is willing to resolve its trade dispute with the United States through "calm" negotiations and resolutely opposes the escalation of the conflict, Vice...
Malay Mail:
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Mnuchin: Trump could force US firms out of China but ‘has not done that’
WASHINGTON, Aug 25 — US Treasury Secretary Steven Mnuchin today backed up Donald Trump’s assertion that he indeed can force American companies to stop doing business in China, but noted he has yet...
The Edge Markets:
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Lead Story: FBM KLCI needs a jumpstart, but batteries are low
WHILE talk of a third national car has intensified, one vehicle that clearly needs a jumpstart is the stock market and its benchmark index, the FBM KLCI.
Malay Mail:
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Trump advisor: US and China seeking to revive trade talks
WASHINGTON, Aug 19 — Washington and Beijing are working to revive pivotal talks aimed at ending the trade war that has roiled world markets, Donald Trump’s chief economic advisor said yesterday.
The Edge Markets:
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KLCI up 0.49% to regain 1,600-point threshold
KUALA LUMPUR (Aug 14): The FBM KLCI rose 0.49% to regain the 1,600-point threshold at mid-morning today, as the local index advanced in tandem with global equity markets.
Malay Mail:
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Global shares, dollar rebound on thaw in US-China trade war
NEW YORK, Aug 14 ― US and European stocks jumped, the dollar strengthened and Treasury prices rose yesterday after the United States said it would delay tariffs on some Chinese products, easing conc...
The Star:
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Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump
WASHINGTON: U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales.
Malay Mail:
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China’s vice premier talks with US trade officials, says Commerce Ministry
BEIJING, Aug 13 — Senior Chinese and US trade officials spoke by telephone today as the Chinese side lodged solemn representation on additional tariffs on Chinese goods scheduled to start next month...
Malay Mail:
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China’s yuan steadies but stocks plunge as trade tensions grow
SHANGHAI, Aug 6 — China’s tumbling yuan steadied today as authorities took steps to contain its slide while stocks plunged after Washington labelled Beijing a currency manipulator, marking a sharp...
The Edge Markets:
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KLCI pares loss, down 0.74% as global stocks extend fall
KUALA LUMPUR (Aug 6): The FBM KLCI pared some of its loss at mid-morning today and was down 0.74% after having slumped more than 1% in early trade.
Malay Mail:
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Yuan pulls off lows, yen falls as Beijing seen curbing fresh yuan losses
TOKYO, Aug 6 — The offshore yuan pulled back from an all-time low today after Beijing appeared to take steps to prevent the currency from weakening further, following a sharp drop that prompted the ...
Malay Mail:
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China’s yuan hits new lows, PBOC seeks to stem slide
SHANGHAI, Aug 6 — China’s tumbling yuan found a floor this morning after a firmer than expected central bank fixing and a planned bond sale in the offshore market suggested authorities wanted to c...
Malay Mail:
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Stock losses steepen as US puts yuan in crosshairs
TOKYO, Aug 6 — Global stocks extended already substantial losses today as China’s yuan currency dropped to an 11-year low after Washington designated Beijing a currency manipulator in a rapid esca...
Malay Mail:
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US branding of China as currency manipulator offers few new remedies
WASHINGTON, Aug 6 — Formally declaring China a currency manipulator may scratch a long-term itch for US President Donald Trump, but the move provides few new tools that have not already been employe...
Malay Mail:
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US designates China as a ‘currency manipulator’ as trade war rages
WASHINGTON, Aug 6 — The United States yesterday formally accused China of manipulating its currency, marking the second major escalation in the two countries’ spiraling trade war in just 24 hours.
Malaysiakini:
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US designates China as currency manipulator
The US government has determined that China is manipulating its currency, and will engage with the International Monetary Fund to eliminate unfair competition from Beijing, US Treasury Secretary Steve...
Malaysiakini:
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EU settles on World Bank CEO Georgieva as candidate for IMF boss
European Union governments picked Bulgaria’s Kristalina Georgieva (photo) as the bloc’s candidate to lead the International Monetary Fund after more than 12 hours of talks yesterday that highlight...
Malay Mail:
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EU settles on World Bank’s Georgieva to lead IMF
BRUSSELS, Aug 3 — European Union governments picked Bulgaria’s Kristalina Georgieva as the bloc’s candidate to lead the International Monetary Fund after more than 12 hours of talks yesterday th...
Malay Mail:
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Latest US-China trade talks called ‘constructive’ by both sides
SHANGHAI, July 31 — US and Chinese negotiators wrapped up a brief round of trade talks today that both sides described as “constructive,” including discussions over further Chinese purchases of ...
Malay Mail:
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China, US officials meet for trade talks in Shanghai
SHANGHAI, July 31 — US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin shook hands with Chinese Vice Premier Liu He before beginning trade talks in Shanghai on Wednesday...
Malaysiakini:
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US to renew sanctions waivers for five Iran nuclear programmes
The United States is set to announce this week it will renew sanctions waivers for five Iran nuclear programmes that allow Russia, China and European countries to continue civilian nuclear cooperation...
Malay Mail:
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China-US trade talks to restart after G20 tariff truce
SHANGHAI, July 30 — US negotiators arrived in Shanghai today to resurrect trade talks with Chinese officials, with both sides downplaying expectations of an imminent deal between the world’s two b...
Malay Mail:
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US firms see little clarity on Huawei as US-China talks resume
WASHINGTON, July 30 — A month after President Donald Trump said he would allow US companies to resume selling to blacklisted Chinese telecommunications giant Huawei , his administration has done lit...
Malay Mail:
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China-US trade talks to restart after G20 tariff truce
BEIJING, July 30 — US and Chinese negotiators meet in Shanghai today to resurrect trade talks between the world's two biggest economies, with both sides downplaying expectations there will be an imm...
The Star:
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Trump says China may try to delay trade deal until 2020 election
WASHINGTON: U.S. President Donald Trump on Friday offered a pessimistic view on reaching a trade deal with China, saying Beijing may not sign one before the November 2020 election in hopes a Democrat who will be easier to deal with, will win.
Malay Mail:
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Trump warns Google after Treasury chief says no concerns on China
WASHINGTON, July 26 — US President Donald Trump today kept up his pressure on global tech giant Google days after his Treasury secretary ruled out any national security concerns over the company’s...
Malay Mail:
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US, China to resume trade talks next week
WASHINGTON, July 24 — US and Chinese are restarting negotiations to in an effort to resolve the year-long trade dispute, with two days of talks due next week, US Treasury Secretary Steven Mnuchin sa...
SoyaCincau.com:
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Trump meets tech CEOs, agrees to make “timely” decision soon
The President of the United States, Donald Trump, met with 7 tech company CEOs yesterday to discuss the ban on U.S. sales to blacklisted Huawei, as well as plans moving forward.
Malaysiakini:
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Trump agrees to prompt responses to licence requests for Huawei sales
President Donald Trump agreed at a meeting with the heads of top technology companies like Google on Monday to make "timely" decisions on requests by US companies to sell to blacklisted Huawei Technol...
SoyaCincau.com:
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U.S. companies invited to the White House to discuss Huawei ban
According to Bloomberg, major American technology companies have been invited for a discussion with Donald Trump’s senior advisers regarding the potential lifting of the ban on sales to blacklisted ...
The Star:
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China vows targeted measures as financial stability risks rise
BEIJING: China said it will take targeted measures to cope with rising risks and challenges facing the nation’s finance sector amid slowing economic growth and trade tensions with the U.S.
The Star:
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Global forex market
The dollar erased its weekly gains, closing marginally lower by 0.02% to 96.8 after the US Federal Reserve’s Williams commented on the need for the central bank to “act quickly” as economic growth slows, fuelling market players to add bets on a 50-basis point (bps) cut in July’s FOMC meeting.
Malay Mail:
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Political turmoil in Italy weighs on European stocks
ROME, July 20 ― European shares ended only marginally higher yesterday as worries about the stability of Italy's government dented optimism from renewed signals the US Federal Reserve will cut inter...
The Star:
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China, HK stocks track Asian market rally on US rate-cut optimism
SHANGHAI: China and Hong Kong stocks followed Asian shares higher on Friday, after a comment from top Federal Reserve official cemented expectations of a US interest rate cut later this month, fuelling risk appetite.
The Edge Markets:
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KLCI rises 0.42% as regional markets firm up
KUALA LUMPUR (July 19): The FBM KLCI rose 0.42% at mid-morning today, against the backdrop of firmer regional markets, lifted by index heavyweight Tenaga Nasional Bhd as well as Petronas Chemicals Gro...
Malay Mail:
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Global stocks gain on Fed rate cut optimism as oil drops
NEW YORK, July 19 ― A gauge of global stocks advanced yesterday, erasing declines on a late rally after comments from a US Federal Reserve policymaker heightened expectations for a rate cut, while o...
Malay Mail:
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US-China officials discuss trade, Mnuchin eyes possible in-person talks
WASHINGTON, July 19 ― US and Chinese officials spoke by telephone yesterday as the world's two largest economies seek to end a year-long trade war, with US Treasury Secretary Steven Mnuchin suggesti...
Malay Mail:
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France defiant in digital tax showdown with US at G7
CHANTILLY, July 18 — France yesterday said it would push ahead with its law to tax tech giants that has sparked a row with the United States, saying that an international accord was the only way to ...
Malay Mail:
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US hopes China will undo backtracking on trade, says official
WASHINGTON, July 18 — US officials hope China will reverse its decision to backtrack on commitments it made in the effort to settle the ongoing trade conflict, Commerce Secretary Wilbur Ross said ye...
Malay Mail:
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France urges G7 to find 'international solution' on digital taxes
PARIS, July 17 — French Finance Minister Bruno Le Maire yesterday urged the G7 club of top world economic powers to find an international solution to taxing digital giants at their meeting outside P...
Malay Mail:
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US Senate to grill Facebook over plans for Libra cryptocurrency
WASHINGTON, July 16 — US lawmakers from both sides of the aisle are set to grill Facebook Inc on its cryptocurrency plans today, as the project continues to draw intense scrutiny from financial regu...
Malay Mail:
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US Treasury’s Mnuchin says deal to raise US debt ceiling getting close
WASHINGTON, July 16 — US Treasury Secretary Steven Mnuchin said yesterday the Trump administration and Congress were getting close to a deal on raising the US debt ceiling and he urged lawmakers to ...
Malay Mail:
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US-China trade officials to talk again ‘this week’, says Mnuchin
WASHINGTON, July 16 — Top US and Chinese trade negotiators are due to speak by telephone in the coming days, but no face-to-face talks have been scheduled yet, US Treasury Secretary Steven Mnuchin s...
Malay Mail:
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Facebook needs ‘very high standard’ for Libra coin, says US Treasury
WASHINGTON, July 16 — Facebook must meet “a very high standard” before it moves ahead with its planned digital currency Libra, US Treasury Secretary Steven Mnuchin said yesterday.
Malay Mail:
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Tech tax set to dominate G7 finance ministers meeting
PARIS, July 15 — A row over taxing tech giants is set to dominate a meeting of G7 finance ministers near Paris this week, with the world’s leading industrialised nations already riven by disruptiv...
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US Treasury warns it will run out of cash in early September
WASHINGTON, July 12 — The US government could run out of money in early September unless Congress allows the administration to borrow more, Treasury Secretary Steven Mnuchin warned today.
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US trade negotiators will travel to China in ‘very near future’, says official
WASHINGTON, July 17 — US officials will travel to China in the “very near future” to resume trade negotiations that collapsed in May, a White House official said today.
Malay Mail:
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US ‘threats’ not way to solve digital tax law dispute, says French minister
PARIS, July 11 — France today rejected a US investigation into its plans to tax internet giants which could trigger punitive tariffs, saying “threats” were not the way to resolve disputes.
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China says US trade row can be resolved through mutual respect, says ministry spokesman
BEIJING, July 11 — China and the United States can find a way to resolve their trade dispute if each other’s concerns are taken into consideration, the commerce ministry said today.
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China says US trade row can be resolved through mutual respect
BEIJING: China and the United States can find a way to resolve their trade dispute if each other's concerns are taken into consideration, the commerce ministry said on Thursday.
Tech in Asia:
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US ‘will let firms sell to Huawei if no national security risk’ as trade talks resume
The United States will allow American companies to sell technology to the blacklisted Chinese telecommunications giant Huawei where there is no threat to US national security, Commerce Secretary Wilbu...
Malay Mail:
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US, Chinese negotiators hold 'constructive' phone talks on trade
WASHINGTON, July 10 ― US and Chinese trade officials held a “constructive” phone conversation yesterday, White House economic adviser Larry Kudlow said, marking a new round of talks after the wo...
Malay Mail:
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US, China set to restart talks with little changed since deal fell apart
WASHINGTON, July 9 ― The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began there is little sign their differences hav...
Malaysiakini:
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Trump officials say US-China trade talks to resume next week
Top representatives from the United States and China are arranging to resume talks next week to try to resolve a year-long trade war between the world’s two largest economies, Trump administration o...
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US-China trade talks to be held in person next week, says White House adviser
WASHINGTON, July 4 ― Top representatives from the United States and China will meet in the coming week to continue trade talks between the world's largest economies, White House economic adviser Lar...
The Star:
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How US chipmakers pressed Trump to ease Huawei export controls
WASHINGTON: President Donald Trump’s decision to allow US companies to continue selling to Huawei followed an extensive lobbying campaign by the US semiconductor industry that argued the ban could hurt America’s economic and national security.
The Star:
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US president warns of Plan B on China trade
WASHINGTON: President Donald Trump said substantial additional US tariffs would be placed on goods from China if there’s no progress on a trade deal after his planned meeting with Chinese counterpart Xi Jinping at the G20 summit in Japan.
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Asian markets rally as crucial Trump-Xi meeting approaches
HONG KONG, June 27 — Asian markets rose today as investors brushed off Donald Trump’s latest dig at China and threat to impose more tariffs on the country’s goods if crunch talks with Xi Jinping...
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Trump warns of ‘Plan B’ on China trade
WASHINGTON: President Donald Trump said substantial additional U.S. tariffs would be placed on goods from China if there’s no progress on a trade deal after his planned meeting with Chinese counterpart Xi Jinping at the G-20 Summit in Japan.
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Dollar edges up vs yen as some pre-G20 summit jitters ease
TOKYO, June 27 — The dollar edged up to a one-week high against the safe-haven yen today, as some of the jitters ahead of the G20 summit in Japan eased amid hopes for progress there in resolving the...
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KLCI stays negative as spectre of more tariffs on China keeps region on...
KUALA LUMPUR (June 27): The FBM KLCI remained in negative zone at mid-morning today, as possible additional tariffs on China kept regional markets on tenterhooks ahead of the G20 Summit in Japan.
The Star:
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Trump says trade deal 'possible' with China's Xi
WASHINGTON: U.S. President Donald Trump said on Wednesday that a trade deal with Chinese President Xi Jinping was possible this weekend but he is prepared to impose U.S. tariffs on virtually all remaining Chinese imports if the two countries continue to disagree.
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Trump says trade deal ‘possible’ with China’s Xi, tariffs could be lower
WASHINGTON, June 27 — US President Donald Trump said yesterday that a trade deal with Chinese President Xi Jinping was possible this weekend but he is prepared to impose US tariffs on virtually all ...
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S&P 500 dips as healthcare declines counter tech gains
NEW YORK: The S&P 500 ended lower on Wednesday as gains in technology stocks were offset by a drop in healthcare shares, and investors parsed mixed messages over prospects for a deal to end a trade war between the United States and China.
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S&P 500 dips as healthcare declines counter tech gains
NEW YORK, June 27 — The S&P 500 ended lower yesterdsay as gains in technology stocks were offset by a drop in healthcare shares, and investors parsed mixed messages over prospects for a deal to end ...
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US stocks gain as market awaits G20 talks
NEW YORK, June 26 — After two down days, Wall Street stocks climbed early today ahead of a crucial US-China trade encounter at this week’s Group of 20 summit in Japan.
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US Treasury Secretary says US-China trade deal is 90pc done, says CNBC
NEW YORK, June 26 — US Treasury Secretary Steven Mnuchin said today that the trade deal between the United States and China is “about 90 per cent” complete, CNBC reported.
Malay Mail:
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US hopes to re-launch China trade talks, will not accept conditions on tariffs
WASHINGTON, June 26 — The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday but Washington will not accept any c...
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Trump puts sanctions on Iranian supreme leader, other top officials
US President Donald Trump targeted Iranian Supreme Leader Ayatollah Ali Khamenei and other top Iranian officials with sanctions yesterday, taking a dramatic, unprecedented step to increase pressure on...
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