BUSINESS
US, China tee up sweeping trade deal for Trump, Xi to finish
US Treasury Secretary Scott Bessent said Trump’s threat of 100% tariffs on Chinese goods “is effectively off the table” and he expected the Asian nation to make “substantial” soybean purchases as well as offer a deferral on sweeping rare earth controls.
BUSINESS
Gold extends drop as US-China trade progress eases haven demand
A blistering rally that began in mid-August and propelled gold to a record just above $4,380 an ounce last Monday abruptly reversed the following day as investors moved to lock in profits.
BUSINESS
Boeing defense workers reject latest offer, extending strike
The strike has affected F-15 deliveries to the US Air Force’s Portland National Guard base and will delay international deliveries next year,
INDIA
US-Pakistan relations don’t come at expense of India: Marco Rubio
Marco Rubio is likely to meet External Affairs Minister Subrahmanyam Jaishankar on the sidelines of the Asean summit on Monday
WORLD
Trump’s push for Gulf to pay for rebuilding Gaza faces hurdles
Persuading the likes of Qatar, Saudi Arabia and the United Arab Emirates to hand over the funds is unlikely to be as easy as Trump claimed.
WORLD
Trump predicts ‘pretty good deals’ with Brazil in Lula meeting
Trump said the pair “get along very well” and that his officials, including Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, would work to negotiate an agreement and predicted a “conclusion pretty quickly.”
WORLD
US, China reach framework for Trump-Xi meeting, says Bessent
Bessent told reporters in Kuala Lumpur on Sunday morning that the two sides discussed agricultural purchases, TikTok, fentanyl, trade, rare earths and the overall bilateral relationship
WORLD
Trump hails peace deal between Cambodia and Thailand
Thai PM Anutin Charnvirakul and Cambodian counterpart Hun Manet gathered with the US president for the ceremonial event in Malaysia, which is hosting a regional summit and helped facilitate talks between the Southeast Asian neighbors.
WORLD
Thai leader Anutin Charnvirakul to meet Trump, sign Cambodia peace deal
The signing ceremony is expected to be a key feature of Trump’s attendance at the Asean summit
BUSINESS
US has ‘very constructive’ China talks as Trump jets to Asia
Trump told reporters aboard Air Force One that he and Xi have “a lot of things to discuss” and expects both sides to make compromises, although he won’t put odds on getting a deal.
BUSINESS
Trump targets ‘complete deal’ with China when he meets with Xi
Trump, speaking to reporters enroute to Asia for meetings with leaders including Xi, said he hopes his talks Thursday with the Chinese president would yield “a complete deal.”
WORLD
Trump says he’ll raise Canada tariff by 10% after Reagan ad
Trump’s Truth Social post follows days of public clashes over the ad, which invoked former President Ronald Reagan’s stance as a free trader and triggered the current US president’s ire, prompting him to suspend trade negotiations with Canada.
BUSINESS
Chinese caviar and foie gras shake up global gourmet dining
China exported 322 tons of caviar last year, more than double the volume in 2019, according to the International Trade Centre
WORLD
Pentagon frets over ‘A House of Dynamite’ nuclear doomsday film
A Missile Defense Agency internal memorandum argues that the doomsday scenario depicted in the movie is inaccurate.
BUSINESS
EU chief considering all options over China rare-earth threat
Von der Leyen also warned that while China’s move on rare earths is part of “wider economic friction” between the US and China
BUSINESS
US, China may find only ‘tactical floor,’ ex-trade official says
Officials from both countries kicked off a new round of negotiations in Malaysia on Saturday, seeking to ease tensions ahead of an upcoming leaders’ summit.
WORLD
US and China begin trade talks in Malaysia to ease tensions
Bessent and He, a longtime associate of President Xi Jinping, face the task of negotiating down new escalatory measures imposed by their countries against one another.
WORLD
US launches China tariff probe ahead of Trump-Xi meeting
US Trade Representative Jamieson Greer on Friday announced the opening of a probe into whether China complied with a limited trade agreement reached in 2020 during President Donald Trump’s first term.
BUSINESS
Gold ends record-breaking rally with first weekly loss in ten
Bond yields inched lower as traders priced in a high likelihood of two interest rate reductions before the year is over.
BUSINESS
Trump aims to sign mineral deals in Asia to raise pressure on Xi
Trump will look for deals that will help unlock the region’s resources to create more reliable supply chains for industries, contribute to global growth and secure more investments in the US.
BUSINESS
S&P 500 hits record after soft CPI, led by tech mega-cap gains
The benchmark rose 1% at 12:20 p.m. in New York, helped by advances in eight of 11 sectors in the index, led by utilities and technology.
BUSINESS
US inflation data comes in soft, building case for more Fed cuts
While grocery inflation slowed, prices for key items like cereals and nonalcoholic beverages picked up.
BUSINESS
Russia’s oil business takes a hit from fight between top traders
The struggle between the rival traders spans operations in Dubai, Hong Kong and Singapore to lobbyists in Washington and the Moscow press.
BUSINESS
JPMorgan to allow Bitcoin and Ether as collateral in crypto push
The program, offered globally, will rely on a third-party custodian to safeguard the pledged tokens, according to people familiar with the matter
