There will be little progress on the phase one trade deal before the U.S. presidential election in November, former U.S. Ambassador to China Max Baucus said Tuesday. President Donald Trump signed the partial trade agreement with Beijing in January, but the coronavirus pandemic since then has affected China’s economy. There …
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The economic consequences of the coronavirus pandemic are likely to worsen when authorities begin to reverse aid measures, and banks could experience “much more damage” to their balance sheets, said Piyush Gupta, executive director of the Singaporean bank DBS group. Speaking to Christine Tan, CNBC presenter “Managing Asia,” Gupta said …
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European stocks were mostly withdrawn on Friday morning as European Union leaders prepare to discuss a deal on the bloc’s key coronavirus recovery package, while US cases continue to skyrocket. After a cautiously optimistic open, the pan-European Stoxx 600 slipped 0.2% below the flat line for about an hour in …
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Pedestrians in face masks walk on a road in Beijing’s Central Business District on July 16, 2020. Wang Zhao | AFP | fake pictures Southeast Asian nations are likely to benefit from China’s economic rebound as the country accounts for a “large share” of regional exports, an economist said this …
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Hong Kong police raise the blue flag warning protesters, the press and pedestrians to disperse during protests against Beijing’s proposed national security law in the Causeway Bay district of Hong Kong. Tommy Walker | NurPhoto via Getty Images There has been no “significant” flow of money and commercial activity from …
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