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Most markets down as Fed holds and Trump announces fresh tariffs
Hong Kong (AFP) July 31, 2025 Asian markets mostly fell Thursday while the dollar held most of its gains as traders weighed a cautious Federal Reserve with strong tech earnings and Donald Trump's tariffs on key economies South Korea and India. The central bank held interest rates steady and refrained from suggesting it would cut any time soon despite as he brushed off relentless pressure from the US president, with recent data indicating inflation remains elevated. While two members of the policyboard took the rare move of d ... read more |
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China manufacturing sinks again in July as US trade talks stallBeijing (AFP) July 31, 2025 China's factory output shrank more than expected in July, official data showed on Thursday, logging its fourth straight month of contraction as Beijing battles to hammer out a trade deal with the United States. ... more 
US says Trump has 'final call' on China trade truceStockholm (AFP) July 29, 2025 China and the United States agreed Tuesday to hold further talks on extending their tariff truce, but a top US trade official stressed that President Donald Trump would make any "final call." ... more 
HSBC says pre-tax profit drops in first half of 2025Hong Kong (AFP) July 30, 2025 Banking giant HSBC said Wednesday that pre-tax profit in the first six months of 2025 fell more than 26 percent to US$15.8 billion, but said it was "well positioned" to deal with the effects of US tariffs. ... more 
China and US wrap first day of trade talksStockholm (AFP) July 28, 2025 Chinese and US officials wrapped the first day in a fresh round of talks in Stockholm on Monday, with the world's top two economies looking to extend a fragile trade truce in the face of President Donald Trump's global tariff war. ... more |
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China's premier tells EU leaders 'we can't afford' massive industrial subsidiesBeijing (AFP) July 25, 2025 Chinese Premier Li Qiang dismissed EU fears over Beijing's allegedly excessive subsidies to its industry, telling the bloc's leaders "we can't afford it" in markedly candid remarks during a tense summit. ... more 
China's commerce minister welcomes US investment as trade talks stallBeijing (AFP) July 30, 2025 China's commerce minister welcomed US investment during talks with an American business delegation on Wednesday, a day after the latest round of trade talks between Beijing and Washington ended without a deal. ... more 
Xi says China, EU must deepen trust but bloc chief urges 'real solutions'Beijing (AFP) July 24, 2025 Chinese President Xi Jinping said China and the EU must deepen trust in a turbulent world but the bloc's chiefs called for "real solutions" to move past an inflection point as they met in Beijing on Thursday. ... more 
Asian markets extend gains on US trade deal hopesHong Kong (AFP) July 24, 2025 Asian markets extended the week's gains Thursday on optimism other countries will follow up Japan's US trade deal with ones of their own, with speculation building that the European Union is on course. ... more
China tariff deadline can be rolled forward 90 days: US Treasury chiefWashington (AFP) July 23, 2025 A deadline for tariffs between the United States and China to snap back to higher levels could be extended in a "90-day increment," US Treasury Secretary Scott Bessent said Wednesday, ahead of trade talks next week. ... more |
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Trump announces 'massive' Japan trade deal
Washington (AFP) July 23, 2025 US President Donald Trump has announced a "massive" trade deal with Japan, as China said it will send its vice premier to US trade talks next week to secure its own agreement ahead of a looming deadline. In an attempt to slash his country's colossal trade deficit, the US president has vowed to hit dozens of countries with punitive "reciprocal" tariffs if they do not hammer out a pact with Washington by August 1. The Japan agreement, along with another pact with the Philippines also announced on ... read more
China seeks to 'strengthen cooperation' at trade talks with USBeijing (AFP) July 23, 2025 China said Wednesday it will seek to "strengthen cooperation" with the United States at next week's trade talks in Stockholm. ... more |
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Tokyo's Nikkei leads Asian rally after Japan-US trade dealHong Kong (AFP) July 23, 2025 Tokyo stocks surged Wednesday after Japan and the United States finally hammered out a trade deal to slash Donald Trump's tariffs, including those on the crucial car sector. ... more 
Trump says confident US to reach Philippines trade dealWashington (AFP) July 22, 2025 US President Donald Trump voiced confidence Tuesday at reaching a trade deal with the Philippines to ease his threatened tariffs as he welcomed his counterpart Ferdinand Marcos to the White House. ... more
US Treasury chief eyes China tariff deadline extension in talks next weekWashington (AFP) July 22, 2025 US Treasury Secretary Scott Bessent said Tuesday that he would meet his Chinese counterparts in Stockholm next week for tariff talks, eyeing an extension to a mid-August deadline for levies to snap back to steeper levels. ... more 
US Treasury chief says will meet China counterparts in StockholmWashington (AFP) July 22, 2025 US Treasury Secretary Scott Bessent said Tuesday he would meet his Chinese counterparts in Stockholm next week for tariff talks, as a mid-August deadline for levies to snap back to steeper levels approaches. ... more 
Stocks mixed with trade and earnings in focusHong Kong (AFP) July 22, 2025 Equity markets were mixed Tuesday as traders kept an eye on earnings from Wall Street titans this week while tracking US trade talks just over a week before the deadline for a deal. ... more |
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