SHANGHAI/HONG KONG (Reuters) - China’s tumbling yuan steadied on Tuesday as authorities took steps to contain its slide while stocks plunged after Washington labelled Beijing a currency manipulator, marking a sharp escalation in U.S. trade tensions.
TOKYO (Reuters) - Global stocks extended already substantial losses on Tuesday, after Washington designated Beijing a currency manipulator and further rattled fragile investor sentiment in a rapid escalation of the U.S.-China trade war.
Thailand’s Commerce Ministry has renewed its income guarantee scheme to include rubber and oil palm as top priority agricultural products to be presented to the new government, which advocated income guarantees as part of its election manifesto.
SHANGHAI/HONG KONG (Reuters) - China’s yuan skidded against the U.S. dollar on Monday, weakening beyond the key 7-per-dollar level for the first time in more than a decade, as pressure mounted on the world’s second-biggest economy from an escalating trade row.
SYDNEY (Reuters) - Asian shares extended their losses on Monday as a sharp escalation in the Sino-U.S. trade war kept finiancial markets on edge, while the Japanese yen and bonds held near recent peaks as nervous investors stuck with perceived safe havens.
TOKYO (Reuters) - Oil prices fell on Monday amid concerns about weaker crude demand after U.S. President Donald Trump said he would impose tariffs on more Chinese imports, potentially ramping up a trade war between the world’s two largest economies.
