Category: USChina
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Stocks Get Tech Boost Amid US-China Trade Optimism: Markets Wrap
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(Bloomberg) — A rally in the world’s largest technology companies supported the broader stock market, while bond yields continued to fall amid the Federal Reserve’s bets on lower interest rates. Most read from Bloomberg Also boosting sentiment on Friday were headlines in which US President-elect Donald Trump and Chinese President…
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Southeast Asia’s Solar Boom Threatened by US-China Trade Tension
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Breadcrumbs Path Links PMN Business The future of Southeast Asia’s booming solar industry, which produces the world’s largest number of solar panels after China, is in doubt as the United States prepares to impose steep tariffs on the region. Article author: Bloomberg News Bloomberg News Published on August 20, 2024…
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Asia FX weakens as US-China uncertainty dents yuan, favors dollar By Investing.com
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Most Asian currencies fell on Friday as concerns about further trade tensions between the United States and China weighed on sentiment, with the dollar benefiting from safe-haven demand even as bets on interest rate cuts persisted. The dollar recovered some of its recent losses, rising 0.1 percent in Asian trade,…
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Asia FX flat amid US-China trade jitters; yen steady amid intervention chatter By Investing.com
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Most Asian currencies were steady on Thursday amid concerns over tougher U.S. trade restrictions on China, while the Japanese yen held steady after rising sharply this week amid suspected interference. Regional currencies have gained in recent sessions amid growing optimism that the Federal Reserve will cut interest rates, which also…
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Former ASML CEO says US-China chip fight will continue By Reuters
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AMSTERDAM (Reuters) – The recently retired chief executive of semiconductor equipment maker ASML said in an interview with Dutch broadcaster BNR on Saturday that the dispute between the United States and China over computer chips is ideological, not based on facts and is set to continue. Wennink left his post…