Yen gets brief lift as China cancels trade talks, releases white paper

By Wayne Cole SYDNEY, Sep 24 : The safe-haven Japanese yen blipped briefly higher on Monday as investors reacted to news China had cancelled trade talks with the United States, just as the latest round of two-way tariffs kicked in. The trade-exposed Australian dollar went the other way, taking an early hit after China also […]

China accuses U.S. of “trade bullyism” as both sides impose fresh tariffs

By Se Young Lee and Min Zhang BEIJING, Sep 24 : The United States and China imposed fresh tariffs on each other’s goods on Monday, as the world’s biggest economies showed no signs of backing down from an increasing bitter trade dispute that is expected to knock global economic growth. Soon after the fresh duties […]

World oil demand, refining growth to peak in 2035 – Unipec

By Florence Tan SINGAPORE, Sep 24 : World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below 100 million bpd currently, as new technologies gradually eat into oil use, China’s Unipec said on Monday. Improved energy efficiency and technological changes, including the rise of renewables, meant […]

Home modems, routers hit by U.S. China tariffs as ‘smart’ tech goods escape

By David Lawder WASHINGTON, Sept 24 : U.S. tariffs that hit some $200 billion worth of Chinese products on Monday spare many high-profile consumer technology items such as “smart” watches and speakers, but the less flashy home modems, routers and internet gateways that make them work weren’t so lucky. Consumer tech industry officials and the […]

U.S., China impose fresh tariffs with no trade talks in sight

By Se Young Lee BEIJING, Sept 24 : The United States and China imposed fresh tariffs on each other’s goods on Monday, as the world’s biggest economies showed no signs of backing down from an increasing bitter trade dispute that has rattled financial markets. U.S. tariffs on $200 billion worth of Chinese goods and retaliatory […]