Topic: Steven Mnuchin
Trump fires security chief 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...
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 ...
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...
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...
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...
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...
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...
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...
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.
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...
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.
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.
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.
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.
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.