Asia

The Saudi Arabia-owned Saudi Agricultural and Livestock Investment  Company (SALIC) in Australia Thursday said it has made its first  agricultural investment in Australia with the acquisition of Baladjie Pty Ltd. In a statement made available to business a.m. Baladjie is described as an aggregation of over 200,000 hectares of farming in Western  Australia’s wheat belt that […]

 An escalation of the U.S.-China trade war would drive manufacturing away from both countries and likely cause job losses, but would not change their total trade balances, an International Monetary Fund (IMF) report showed on Wednesday. The United States and China would see “sizable” losses in manufacturing as capacity moves toward Mexico, Canada, and East […]

U.S. Treasury Secretary Steven Mnuchin said on Wednesday that he and other U.S. officials will travel to Beijing next week for trade talks, aiming to clinch a deal to avert a March 2 increase in U.S. tariffs on Chinese goods. Mnuchin said in an interview with CNBC that the talks he and U.S. Trade Representative […]

Equities around the world rose on Monday as possible progress in resolving the trade dispute between the United States and China engendered some investor optimism in what has been a punishing end of year for markets. The U.S. benchmark S&P 500 stock index advanced in light trading volume after U.S. President Donald Trump said he […]

China and the United  States have made plans for face-to-face consultations over trade in January, the Chinese commerce ministry said on Thursday, as the world’s two biggest economies advanced efforts to resolve a months-long trade war. Consultations through “intensive” telephone calls will continue in the meantime, Gao Feng, spokesman at the commerce ministry, told reporters, […]

Asian stock markets retreated again on Wednesday, extending a rout that began last week as U.S. political uncertainty exacerbated worries over slowing global economic growth. Investors were unnerved by the U.S. federal government partial shutdown and President Donald Trump’s hostile stance toward the Federal Reserve chairman. U.S. Treasury Secretary Steven Mnuchin had also raised market […]