India must seize the opportunity that the pandemic and the new Cold War have provided to lure manufacturing multinationals away from China
The impact of an India boycott on the Chinese economy is insignificant; while for India, such a boycott means a losing game
While China brags about a shared dream and prosperity, the spectre of rancour it puts on display threatens self-inflicting damage
China’s share in our total imports was at an all-time high in 2015-16
Investors and central banks may look to reduce their reliance on the much involved US dollar and will find their answers towards increasing their allocation to gold given no better alternative.
The world order might require changing but such change is not about to happen soon for political and economic reasons
The COVID-19 outbreak has not only brought to fore the employment uncertainty workers face in the service sector but has also showed China’s incapacity to come up with a formal solution to this. This is a problem that echoes in India as well.
Spot gold fell 0.2% to $1,560.50 per ounce by 0131 GMT. For the week, prices were on track to gain 0.3%. U.S. gold futures slipped 0.4% to $1,559.20.
"We are too small to take retaliatory action. We have to find ways and means to overcome that," Mahathir told reporters in Langkawi, a resort island off the western coast of Malaysia.
India's Hindu nationalist government has repeatedly objected to Malaysian Prime Minister Mahathir Mohamad speaking out against recent policies which critics say discriminate against Muslims. Malaysia is a Muslim-majority nation.
But BOJ Governor Haruhiko Kuroda will likely voice his resolve to keep monetary policy ultra-loose as the economy continues to feel the strain from the trade war and October's sales tax hike.
Among other precious metals, palladium scaled a record high, while platinum jumped to its highest in nearly two years.
The Phase 1 agreement caps 18 months of tariff conflict between the world's two largest economies that has hit hundreds of billions of dollars in goods, roiling financial markets, uprooting supply chains and slowing global growth.
The joint statement from the Treasury and the US Trade Representative's office said "there is no agreement for future reduction in tariffs. Any rumours to the contrary are categorically false."
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.13%, Japan's benchmark Nikkei and South Korea's Kospi shed 0.29% and 0.48%, respectively, while Australian stocks added 0.33%.
Spot gold dipped 0.6% to $1,538.84 per ounce by 0459 GMT. Earlier in the day, prices touched their lowest since Jan. 3 at $1,535.75. U.S. gold futures fell 0.7% to $1,539.70.
However, the declines were limited by expectations of a drawdown in U.S. crude oil inventories and optimism about the signing of a preliminary trade deal between the U.S. and China, the world's top oil consumers.
Nifty50 is attempting to touch a new high territory. However, volumes and open interest will probably not support it
Beijing's trade envoy Vice Premier Liu He is scheduled to visit the US next week to sign the interim agreement's "Phase One", marking a pause in the nearly two-year trade war between the two sides.
Liu, China's top negotiator in the trade war, will be in the US capital from Monday to Wednesday, the ministry said, a week after President Donald Trump said the agreement would be signed on January 15.
Spot gold was up 0.2% at $1,480.77 per ounce by 0349 GMT. U.S. gold futures rose 0.3% to $1,484.70 per ounce.
Brent crude was down 15 cents, or 0.2%, at $65.99 a barrel by 0306 GMT. West Texas Intermediate was also down 15 cents at $60.29 a barrel.
Retail sales are also seen down in November as consumers tighten their purse strings after a sales tax hike that rolled out in October, the poll showed.
Brent futures rose 2 cents, or 0.03%, to 66.56 a barrel by 0145 GMT, while U.S. West Texas Intermediate crude was down 9 cents, or 0.15%, at $61.09 per barrel.