The China Mail - Economy

Featured

$20 mn blue diamond goes on show in Abu Dhabi

A rare blue diamond valued at $20 million went on pre-auction display on Tuesday in Abu Dhabi, capital of the oil-rich United Arab Emirates.

Stocks, oil recover slightly awaiting Trump's next tariffs moves

Stock markets and oil prices recovered slightly Tuesday after a huge sell-off, but analysts warned of more turmoil as US President Donald Trump charges ahead in his escalating trade war.

Last news

China ready to 'fight' US trade war, EU seeks to cool tensions

China vowed Tuesday to "fight to the end" after US President Donald Trump threatened to further ramp up tariffs but the EU warned against escalating a trade war that has rocked global markets.

Indonesia stocks plunge on Trump tariffs after weeklong break

Indonesian stocks tanked more than seven percent on Tuesday after a weeklong public holiday break, with trading briefly suspended at the open as uncertainty over US President Donald Trump's global tariffs roils markets.

Vietnam says to buy more US goods as it seeks tariff delay

Vietnam will buy more US goods including security and defence products, the government said, as it seeks a last-minute delay to enormous tariffs imposed by Washington.

Mexico mourns photographers killed in music festival mishap

Relatives and friends of two photographers killed in an accident over the weekend at a music festival in Mexico City paid tribute to their lost loved ones on Monday.

Asian markets stage mild rebound but Trump tariff uncertainty reigns

Asian markets battled Tuesday to recover from the previous day's tariff-fuelled collapse, though Donald Trump's warning of more measures against China and Beijing's vow to fight "to the end" raised concerns the trade war could worsen.

Hong Kong firm did not uphold Panama Canal ports contract: Panama audit

The Hong Kong firm in charge of two ports at either end of the Panama Canal -- which sparked US President Donald Trump's threats to seize the waterway -- has flouted the terms of its contract, according to Panamanian audit results released Monday.

Samsung forecast beats market expectations for first quarter

Samsung Electronics on Tuesday posted highest ever figures for its first quarter sales forecast and said it predicted a better-than-expected performance for its profits, beating market expectations.

Nippon Steel shares soar as Trump reviews US Steel takeover

Nippon Steel shares soared Tuesday after US President Donald Trump launched a review of the company's proposed takeover of US Steel that was blocked by his predecessor Joe Biden.

US giant to buy stake in cash-short Australian casino group

Troubled Australian casino operator Star Entertainment says it has been thrown an 11th hour multi-million dollar lifeline by US-based casino giant Bally's Corporation.

200 firefighters battle major Paris inferno

A major fire broke out in Paris on Monday close to a new court complex designed by Renzo Piano, sending smoke across the city and prompting authorities to urge the public to stay away from the zone.

Trump announces direct nuclear talks with Iran

President Donald Trump said the United States was starting direct, high-level talks with Iran over its nuclear program on Saturday, in a shock announcement during a meeting with Israeli Prime Minister Benjamin Netanyahu.

Trump vows no tariff pause as markets dive

US President Donald Trump on Monday threatened fresh tariffs of 50 percent on China and ruled out any pause in his aggressive new global trade policy, despite a dramatic market sell-off.

Trump announces direct Iran talks, at meeting with Netanyahu

President Donald Trump said the United States would start direct, high-level talks with Iran over its nuclear program on Saturday, in a shock announcement during a meeting with Israeli Prime Minister Benjamin Netanyahu.

Palestinians in West Bank strike to demand end to Gaza war

Shuttered storefronts lined empty streets in Israeli-annexed east Jerusalem and the occupied West Bank on Monday during a general strike by Palestinians demanding an end to the Gaza war.

Netanyahu meets Trump for tariff and Gaza talks

Israeli Prime Minister Benjamin Netanyahu met Donald Trump at the White House on Monday, becoming the first foreign leader to personally plead for a reprieve from stinging US tariffs that have shaken the world.

'Bloodbath': Spooked Republicans warn Trump over US tariffs

With markets nosediving over Donald Trump's trade war, the protectionist US president is hearing the first rumblings of discontent among his normally steadfast backers in Congress and big business.

France detains alleged Romanian royal wanted in home country

A French court on Monday detained an alleged member of Romania's royal family who is wanted at home on charges of influence peddling, a judicial source said.

Netanyahu to plead with Trump for tariff break

Israeli Prime Minister Benjamin Netanyahu meets Donald Trump at the White House on Monday, becoming the first foreign leader to personally plead for a reprieve from stinging US tariffs that have shaken the world.

JPMorgan Chase CEO warns tariffs will slow growth

JPMorgan Chase CEO Jamie Dimon warned Monday that US President Donald Trump's tariffs will likely lift inflation, describing himself as "very cautious" in light of the rising recession risk.

Stocks sink again as Trump holds firm on tariffs

Stock markets and oil prices collapsed further on a black Monday for markets as US President Donald Trump stood firm over his tariffs despite recession fears.

Market panic deepens as Trump scolds China

US President Donald Trump lashed out at China on Monday as a stock market rout deepened after Beijing retaliated against his global tariffs offensive.

Honda executive resigns over 'inappropriate conduct'

Honda's executive vice president resigned on Monday over "an allegation of inappropriate conduct", the Japanese automaker said.

'Everyone is losing money': Hong Kong investors rattled by market rout

Hong Kong small-time investors were left reeling on Monday as US President Donald Trump's punishing tariffs and Beijing's retaliation saw the city's stock market suffer its worst day in almost three decades.

Market panic deepens as Trump sticks to tariffs

A global stock market rout deepened on Monday, with Hong Kong crashing as US President Donald Trump stood firm on tariffs despite fears that his trade war could spark a recession.

China vows to stay 'safe and promising land' for foreign investment

A top Chinese official has vowed to protect US firms and pledged his country will remain a "promising land" for foreign investment, Beijing said Monday, after it slapped 34 percent tariffs on US imports.

Stocks savaged as China retaliation to Trump tariffs fans trade war

Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession.

Belgian prince seeks social security on top of allowance

An unconventional Belgian prince will learn on Monday if he has the right to social security on top of his royal allowance after he sued for coverage -- the first time a royal has taken such action against the state in the country's nearly 200-year history.

European airlines hit turbulence over Western Sahara flights

Direct flights from two European capitals to a city in a bitterly disputed north African territory have become the latest battleground in the conflict between a rebel group and Morocco.

Boeing faces new civil trial over 2019 Ethiopian Airlines crash

Boeing is poised to face a jury trial from Monday over the fatal 2019 crash of an Ethiopian Airlines 737 MAX plane, the first civil case related to the disaster to reach court.

Market panic deepens as China retaliates against Trump tariffs

Panic selling gripped global markets on Monday, as US President Donald Trump refused to budge on his swingeing tariffs despite China retaliating and global recession warnings growing louder.

Equities savaged as China retaliation to Trump tariffs fans trade war

Asian markets collapsed Monday after China hammered the United States with its own hefty tariffs, ramping up a trade war that many fear could spark a recession.

Netanyahu and Trump to talk tariffs, Iran and Gaza

Talks on Monday between Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump are expected to be dominated by Washington's shock tariffs on Israel and escalating tensions with Iran.

The China Mail - Economy (English)