Mon, 22 Jul 2019, 7:46 AM
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Topic: Washington

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BEIJING, July 21 — Some Chinese companies are seeking new purchases of US agricultural products, China’s official Xinhua news agency said today, citing authorities, as Beijing and Washington look ...
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SINGAPORE, July 21 — A plunge in exports and the worst growth rates for a decade have fuelled concerns about the outlook for Singapore's economy, with analysts saying the figures offer a warning tha...
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MEXICO CITY, July 21 — US Secretary of State Mike Pompeo will meet with Mexican Foreign Minister Marcelo Ebrard today to discuss migration and trade, amid heightened bilateral tension ahead of a dea...
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WASHINGTON, July 21 — Global heat maps of extreme poverty show Africa in deep red.
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WASHINGTON, July 21 — At the critical moment of a Hollywood movie starring A-lister Sandra Bullock, Bolivia's newly-elected president calls in the International Monetary Fund to bail out the poverty...
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SAN FRANCISCO, July 21 — A game about a lost dog going through thick and thin to find its owner, Doggone has launched a crowdfunding campaign to ensure its 2020 completion and, in doing so, joins Pu...
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WASHINGTON, July 20 ― US credit agency Equifax is close to a US$700 million (RM2.87 billion) settlement agreement with authorities over the theft of sensitive personal data of nearly 150 million cus...
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WASHINGTON, July 20 ― US President Donald Trump spoke with French President Emmanuel Macron yesterday and expressed concerns about the country's proposed digital services tax, the White House said.
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Iran said it had seized a British oil tanker in the Strait of Hormuz yesterday but denied Washington’s assertion that the US Navy had downed an Iranian drone nearby this week, as tensions in the Gul...
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WASHINGTON, July 20 ― US President Donald Trump said yesterday that US Treasury Secretary Steve Mnuchin had a very good talk with his Chinese counterpart, amid signals from China that officials coul...
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The worldwide non-military drone market, dominated by manufacturers in China, will triple in size to US$14.3bil (RM58.80bil) in sales over the next decade, a study released on July 17 said, even as US officials warn of national security risks.
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ISTANBUL, July 19 ― The Turkish lira firmed yesterday afternoon after US President Donald Trump said the United States is not currently looking at sanctioning Turkey over its purchase of Russian air...
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The United States said on Thursday that a US Navy ship had “destroyed” an Iranian drone in the Strait of Hormuz after the aircraft threatened the vessel, but Iran said it had no information about ...
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Sanctions imposed this week by the United States on Myanmar’s military leaders over human rights abuses against Rohingya Muslims do not go far enough, UN special rapporteur Yanghee Lee said on Thurs...
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BEIJING: A key gauge of China’s debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks.
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TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC) projected current-quarter revenue ahead of estimates, as the Apple Inc supplier shrugs off a smartphone slump and US sanctions on Huawei Technologies Co to ride demand for cutting-edge chips.
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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...
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While the US Congress talks about reining in big tech companies, Europe is taking action.
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Facebook endured a second day of criticism from Congress over its plan to create a digital currency as senior House Democrats asked Facebook to scale back the project and threatened legislation that would block big tech companies from getting into banking.
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BEIJING: A key gauge of China's debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks.
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While Facebook’s planned global digital coin Libra faces tough opposition from regulators in Washington, analysts say cryptocurrencies are likely to charge on in other countries, possibly leaving America behind.
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Several dozen activists chanted and held banners on July 15 outside Amazon’s Seattle headquarters calling on the company to stop providing technology to US government immigration authorities, in one of several pressure campaigns focused on the commerce giant during its Prime Day summer sale.
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The United States said on Wednesday that it was removing Turkey from the F-35 fighter jet programme, a move long threatened and expected after Ankara began accepting delivery of an advanced Russian mi...
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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...
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WASHINGTON, July 18 — The US economy grew at a “modest” rate in recent weeks, with consumers continuing to spend and a “generally positive” outlook overall even in the face of disruptions ca...
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WASHINGTON, July 18 — US and Japanese officials are working hard to reach agreement on a bilateral trade agreement, a senior Japanese official told Reuters yesterday, adding he was looking forward t...
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WASHINGTON, July 17 — Amazon said today its two-day extravaganza known as Prime Day was its biggest shopping event ever, with sales surpassing the two key holiday spending days combined.
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LONDON, July 17 — Rising concerns about a no-deal Brexit hit the pound once more today, while stock markets retreated amid renewed trade war worries and uncertainty over the outlook for US interest ...
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NEW YORK, July 17 — Worries about the balance of monetary policy and growth kept US stock futures flat today, subduing the impact of solid results from Bank of America and a boost for chipmakers fro...
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For more than a century, scientists have scoured the known universe for signs of extraterrestrial life, an endeavour that has thus far proved fruitless – unless you believe the US government is hiding aliens at a remote base in Nevada.
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Vietnamese and Chinese ships have been embroiled in a weeks-long standoff near an offshore oil block in disputed waters of the South China Sea, which fall within Vietnam's exclusive economic zone, two...
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Pakistan authorities on Wednesday arrested Hafiz Saeed (above), the alleged mastermind of a four-day militant attack on the Indian city of Mumbai in 2008, on terror finance charges, a spokesman for th...
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The US-China trade war is good news for ecommerce startup Zilingo.
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United States President Donald Trump has once again put Google in his crosshairs, saying on Tuesday that his administration would look into what he claimed were “seemingly treasonous” ties between...
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IFlytek, China’s national champion in voice recognition, has raised 2.8 billion yuan (US$407 million) via a private placement that brought in money from a state-backed industry fund and several prov...
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US President Donald Trump said on July 16 his administration would investigate whether Alphabet Inc's Google supports the Chinese government, following accusations that a company official refuted hours later at a Senate hearing.
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Tempers flared in the hours leading up to a vote on a symbolic resolution that mainly split along party lines, the culmination of three days of outrage sparked by a Trump tweetstorm that diverted atte...
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WASHINGTON, July 17 — The United States and Japan are working on a trade deal involving agriculture and autos that could be agreed by President Donald Trump and Prime Minister Shinzo Abe when they m...
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The US House of Representatives voted on Tuesday to condemn President Donald Trump for “racist comments” against four minority Democratic congresspersons, a symbolic measure aimed at shaming Trump...
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NEW YORK, July 17 — Three big US banks reported strong earnings yesterday even as warning signs emerged that the playing field is beginning to tilt against the financial industry.
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WASHINGTON, July 17 — Democratic and Republican lawmakers said yesterday that Facebook Inc's track record of what they described as untrustworthiness should stand in the way of it launching a digita...
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US President Donald Trump said on Tuesday it is “not fair” to either Turkey or the United States that Washington cannot sell Ankara billions of dollars worth of F-35 fighter jets after it bought a...
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LONDON, July 17 — The cryptocurrency market took a beating yesterday with bitcoin losing over 10 per cent in value after US lawmakers grilled Facebook on its cryptocurrency plans, as political and r...
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CHICAGO: US Federal Reserve policymakers, moving toward their first interest rate reduction in a decade later this month, on Tuesday sketched out arguments for whether rates should be cut by a quarter or a half a percentage point.
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WASHINGTON, July 16 — Members of the US Senate and House of Representatives introduced bills today to keep tight restrictions on Huawei Technologies Co Ltd, amid concern about President Donald Trump...
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WASHINGTON, July 16 — President Donald Trump said today he wants his administration to “take a look” into whether Google has been working with the Chinese government — an allegation swiftly de...
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WASHINGTON, July 16 — Christine Lagarde will resign from the International Monetary Fund on September 12 as she awaits final word on her nomination to the presidency of the European Central Bank.
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WASHINGTON, July 16 — US manufacturing jumped in June on a surge in volatile auto production but total industrial output was flat, the Federal Reserve said today.
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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...
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BEIJING, July 16 — China today rebuffed a suggestion from US President Donald Trump that Beijing needs a trade deal with the United States because its economy was slowing, saying this was “totally...
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The China government and Chinese companies will cut business ties with United States firms selling arms to Taiwan, China's Foreign Ministry said yesterday, declining to give details of the sanctions i...
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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 ...
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NEW YORK: The International Monetary Fund sees Singapore’s economic growth slowing to 2% in 2019 as global trade tensions hurt external demand.
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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...
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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.
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WASHINGTON, July 16 — Ikea said it will close its only US factory at the end of the year, cutting 300 jobs, as it will be more cost effective to make the products in Europe and import them.
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MILAN, July 15 — China’s Huawei Technologies said it would invest US$3.1 billion in Italy over the next three years, as the Chinese telecoms giant called on Rome to ensure the “transparent, effi...
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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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BEIJING, July 15 — China’s government and Chinese companies will cut business ties with US firms selling arms to Taiwan, China’s Foreign Ministry said today, declining to give details of the san...
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It started as a simple sales promotion, but Amazon’s Prime Day has now morphed into a major phenomenon joined by scores of retailers jockeying with the US colossus for a bigger slice of the e-commerce pie.
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Huawei Technologies, the world’s largest telecommunications equipment supplier, increased revenue in the first half of this year, despite a US government-imposed trade ban and continued scrutiny ove...
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US President Donald Trump has the authority to waive sanctions on Turkey for its purchase of Russian air defence systems and should find a “middle ground” in the dispute, President Recep Tayyip Er...
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The US may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior US official, in a sign President Donald Trump’s recent effort to ease restr...
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WASHINGTON, July 15 — The US may approve licences for companies to re-start new sales to Huawei in as little as two weeks, according to a senior US official, in a sign President Donald Trump’s rec...
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SINGAPORE, July 15 — Growth in export-reliant Singapore suffered a surprise sharp contraction in the second quarter, official data showed Friday, sending a stark warning that US-China trade tensions...
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WASHINGTON, July 14 — At rallies and whistle-stop campaign tours, President Donald Trump proclaims a renaissance in US factories rebuilding the nation with “American steel,” “American heart”...
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The suspect behind the leak of confidential memos from Britain’s Washington ambassador, which sparked a major diplomatic rift with the United States, has been identified, the Sunday Times newspaper ...
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WASHINGTON, July 14 — President Donald Trump declined to issue quotas for domestic uranium production late on Friday and instead ordered a 90-day governmental review, a decision praised by US nuclea...
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WASHINGTON • The US House of Representatives on Friday voted to restrict President Donald Trump's ability to attack Iran, fearing that his hawkish policies are pushing the country towards a needless...
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WASHINGTON, July 13 ― It started as a simple sales promotion, but Amazon's Prime Day has now morphed into a major phenomenon joined by scores of retailers jockeying with the US colossus for a bigger...
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WASHINGTON, July 13 ― Ratings agency Fitch yesterday downgraded Turkey's sovereign debt by one notch to “BB-“ with a negative outlook, after President Recep Tayyip Erdogan sacked the governor of...
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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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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.
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KUALA LUMPUR, July 12 — Bursa Malaysia gave up early gains to close in the red territory today, triggered by selling in selected heavyweights led by index-linked financial services counters.
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Taiwanese President Tsai Ing-wen arrived in the United States on Thursday on a trip that has angered Beijing, warning that democracy must be defended and that the island faced threats from "overseas f...
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WASHINGTON, July 12 — We’ve all been there: You’re working on something important, your PC crashes, and you lose all your progress.
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In a packed ballroom in Beijing’s national convention centre, the executive from a major technology company laid out ambitious plans for the future of artificial intelligence in China. He explained how customised semiconductors would help power everything from autonomous cars to voice-activated industrial machines.
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NEW DELHI, July 112 ― Walmart told the US government privately in January that India's new investment rules for e-commerce were regressive and had the potential to hurt trade ties, a company documen...
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WASHINGTON, July 12 ― US President Donald Trump yesterday criticised Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and...
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Three Iranian vessels tried to block a British-owned tanker passing through the strait that controls the flow of Middle East oil to the world, but backed off when confronted by a Royal Navy warship, B...
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WASHINGTON: The US Department of Justice’s mushrooming investigation into the scandal-ridden 1MDB has extended to Deutsche Bank, two people familiar with the matter told AFP Thursday.
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WASHINGTON, July 12 ― President Donald Trump's aggressive trade actions sparked a “shock” to business confidence which could impact the economy, and contributes to the case for cutting rates, Fe...
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WASHINGTON, July 12 ― The United States promised yesterday to do “everything we can” to ease tensions between South Korea and Japan as Seoul raised its concerns over Tokyo's restrictions of cruc...
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LONDON, July 12 ― London's main index skidded for the sixth straight session yesterday as investors sold off healthcare stocks after Washington withdrew a rebate rule aimed at lowering drug prices, ...
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LONDON, July 12 ― European shares closed at a two-week low yesterday weighed down by pharma stocks on worries that US government may intervene on high drug prices, while optimism from the Federal Re...
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BEIJING: The unmistakable signal from US Federal Reserve chairman Jerome Powell that a rate cut is imminent hands China more room to manoeuvre in easing its own monetary policy. The question is on which tool to use.
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WASHINGTON: The US Department of Justice opened an investigation into whether Deutsche Bank, Germany’s embattled biggest lender, violated foreign financial laws in its work for 1MDB, American media ...
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WASHINGTON, July 11 — US President Donald Trump today accused China of backsliding on promises to increase purchases of American farm exports.
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WASHINGTON, July 11 — Amazon announced plans today to offer job training to around one-third of its US workforce to help them gain skills to adapt to new technologies.
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WASHINGTON, July 11 — Rising prices for housing, used cars and medical care helped drive US consumer inflation higher last month despite flat or falling costs for food and fuel, the government repor...
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WASHINGTON, July 11 — US President Donald Trump today defended his use of Deutsche Bank AG and said the German bank was being “badly written about and maligned,” as congressional Democrats probe...
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LONDON, July 11 — Bank of England governor Mark Carney today gave outgoing IMF chief Christine Lagarde his warm support as she heads to the European Central Bank, but evaded questions about whether ...
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JAKARTA, July 11 — Indonesia plans to build a 7km bridge to connect two islands in the Malacca Strait, close to Singapore, as part of efforts to develop industry and tourism in the area, the governm...
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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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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.
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Global venture capital firm GGV Capital is targeting new business opportunities in India and countries across Southeast Asia, as the trade dispute between China and the US continues to rattle investor...
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NEW DELHI, July 11 — India and US trade negotiators will meet tomorrow, with few signs of a compromise on a series of protectionist measures taken by the two governments in recent months that have s...
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LONDON: The dollar fell to a five-day low on Thursday after Federal Reserve Chair Jerome Powell kept the door open for U.S. interest rate cuts, though investors were wary of selling dollars aggressively until a policy review later this month.
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NEW DELHI: India and U.S. trade negotiators will meet on Friday, with few signs of a compromise on a series of protectionist measures taken by the two governments in recent months that have strained ties between the strategic partners.
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WASHINGTON, July 11 — As trade talks resume between China and the United States, President Donald Trump's advisers are confident he can portray his stance against Beijing as a strength in the 2020 e...