China's producer deflation eased in August, suggesting Beijing's efforts to rein in excessive competition and price cuts in key industrial sectors are starting to bear fruit, though analysts say manufacturers remain some way off from a reflationary cycle.
The Federal Reserve (Fed) will likely resume cutting short-term rates next week and continue on for the rest of the year to shore up a labor market that may have begun cooling well before President Donald Trump began imposing sharply higher tariffs, traders bet on Tuesday.
US President Donald Trump urged European Union (EU) officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a US official and an EU diplomat.
India’s automakers have emerged as the biggest winners of the government’s move to cut consumption taxes, as a potential boost to demand lifts their profit outlook.
US tariffs are increasingly pressuring the already challenged petrochemicals sector, with China, the top producer, shifting its exports to Asia, industry executives said at a conference in Singapore on Tuesday.
China's top legislative body on Monday began reviewing the first revision in more than two decades of the country's foreign trade law, as Beijing seeks to give legal backing to countermeasures it can take in a trade conflict.