Showing 1 - 10 of 671
Trump effectively pulls US out of global corporate tax deal
Reuters, Published on 21/01/2025
» WASHINGTON - President Donald Trump on Monday declared that a global corporate minimum tax deal "has no force or effect" in the US, effectively pulling America out of the landmark 2021 arrangement negotiated by the Biden administration with nearly 140 countries.
Yellen warns against extending Trump's first-term US tax cuts
AFP, Published on 16/01/2025
» WASHINGTON - US Treasury Secretary Janet Yellen warned Wednesday that plans to extend President-elect Donald Trump's 2017 tax cuts -- which remained in place under Joe Biden but are set to expire -- will add to unsustainable deficits.
Asian equities revive after slow start to 2025
Business, Published on 04/01/2025
» RECAP: Asian stocks rose on Friday, aiming to shrug off a lacklustre start to 2025, while the dollar was steady near a two-year high as investors fret about United States interest rates staying higher for longer. Worries about tariffs and China's economy also kept a lid on gains.
Asian shares steady after US rally
Business, Published on 26/10/2024
» RECAP: Asian equities were little changed yesterday after Wall Street rallied for the first time this week, powered by a jump in Tesla shares. Concerns about China's economy and a tight US presidential election dented Asian sentiment.
Asian rally continues in response to China stimulus
Business, Published on 28/09/2024
» RECAP: Stocks in Asia extended gains yesterday as risk appetite across financial markets got a further boost from a series of stimulus measures in China, where stock markets had their best week since 2008. A sharp fall in oil prices also bodes well for disinflation globally.
Asian shares extend rally sparked by Fed
Business, Published on 21/09/2024
» RECAP: Asian shares extended their rally yesterday in the afterglow of an outsized US interest rate cut, while the yen edged higher as the Bank of Japan held rates steady and stayed upbeat on the economy.
Vietnam ousts deputy PM in ‘blazing furnace’ anti-graft campaign
Published on 26/08/2024
» Vietnam’s National Assembly dismissed another deputy prime minister for violating anti-corruption rules, continuing an anti-graft campaign spearheaded by the late Communist Party General Secretary Nguyen Phu Trong.
How Sino-American rivalry reshapes world order
Oped, Published on 12/06/2024
» Tensions between the United States and China continue to flare, even as Treasury Secretary Janet Yellen, Secretary of State Antony Blinken, and several other senior US officials visit the country for talks. The two sides may disagree on most things, but maintaining dialogue is an essential part of geopolitics. The breakdown in communication last year, following visits to Taiwan by prominent American politicians and the US downing of a Chinese spy balloon, was dangerous and destabilising, because when adversaries do not engage, misperceptions -- and the risk of a clash -- mount.
Why the US can't win trade war with China
Oped, Published on 22/05/2024
» Allegations about China's manufacturing overcapacity have sparked heated discussions among policymakers. During her visit to China in April, US Treasury Secretary Janet L Yellen reportedly argued that "when the global market is flooded by artificially cheap Chinese products, the viability of American and other foreign firms is put into question", adding that it was the same story a decade ago.
US weighs upgrade for Vietnam to 'market economy' status
Published on 08/05/2024
» WASHINGTON: US President Joe Biden's bid to draw Vietnam closer as a strategic ally will clash head-on with his desire for union workers' votes on Wednesday as the Commerce Department hears testimony on whether to designate Vietnam as a "market economy".