China has omitted electric vehicles from its list of strategic industries in its five-year development plan for 2026-2030, marking their first exclusion in more than a decade, as the sector grapples with oversupply challenges.
US consumer confidence eased to a six-month low in October amid worries about the availability of jobs in the near-term, offering more ammunition for the Federal Reserve to cut interest rates again on Wednesday.
Asian stocks advanced on Wednesday on optimism that artificial intelligence (AI) will continue to drive profits at megacap technology companies reporting earnings this week, amid growing bets on a US Federal Reserve (Fed) interest-rate cut.
US President Donald Trump’s latest tariff salvo against Canada landed just as Mark Carney was setting out on a mission to insulate his country from the fallout of the trade war.
Japan and the US unveiled a list of potential projects for their US$550 billion (RM2.31 billion) US investment vehicle, providing a first look into what specific proposals could be funded by the mechanism that’s a key part of the two countries’ trade deal.
Malaysia’s new trade deal with the US keeps duty-free access for key sectors that make up about 12% of exports to the US, helping safeguard industries from rising US protectionism, the Federation of Malaysian Manufacturing (FMM) said.