NEW YORK, June 2 — World stock markets hovered near three-month highs and safe-haven government bonds inched lower as risk appetite grew on signs that the global economic downturn has bottomed, despite worries over violent protests in the United States and unease over Washington’s standoff with...
Signs of a rebound from the global coronavirus lockdown helped bolster global equities and push safe haven assets lower. — Reuters pic
China has asked state-owned firms to halt purchases of soybeans and pork from the United States in response, two people familiar with the matter said. On Wall Street, the Dow Jones Industrial Average rose 91.91 points, or 0.36 per cent, to 25,475.02, the S&P 500 gained 11.42 points, or 0.38 per cent, to 3,055.73 and the Nasdaq Composite added 62.18 points, or 0.66 per cent, to 9,552.05.
US manufacturing activity eased off an 11-year low in May, though a full recovery from the Covid-19 crisis could take years because of high unemployment. “Current unemployment numbers go far beyond what has been experienced in any post-war recession,” Barclays economist Christian Keller wrote in a note. “To the extent that some sectors may never return to pre-pandemic business-as-usual.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China asks state firms to halt purchases of US soybeans, pork, say sources | Malay MailBEIJING, June 1 — China has asked its state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special US treatment for Hong Kong to punish Beijing. China could expand the order to include...
Read more »
Growing US-China rivalry seen fuelling UN paralysis amid virus crisis | Malay MailNEW YORK, May 31 — For nearly a decade, the UN Security Council has been frequently paralyzed by Russia’s obstinacy over the Syrian crisis. Today, however, it is the US-China rivalry that has infected a growing array of issues, according to officials and diplomats. As recently as 2017, an...
Read more »
China media bristles at US moves on Hong Kong over national security push | Malay MailHONG KONG, May 31 — China’s state media lashed out today at possible retaliatory moves by the United States to impose sanctions and end Hong Kong’s special status if Beijing imposes new national security laws, as the city braces for fresh protests. The state-backed China Daily said US...
Read more »
China threatens to ‘counter-attack’ US over Hong Kong curbs | Malay MailBEIJING, June 1 — Beijing warned Washington today of retaliation after President Donald Trump announced restrictions on Chinese students in the US in protest over a new national security law in Hong Kong. Trump said Friday that the United States would ban some Chinese graduate students and start...
Read more »
Backlash against Trump exiting WHO as world virus cases top six million | Malay MailBRUSSELS, May 31 — US President Donald Trump faced a broad backlash yesterday over severing ties with the UN’s health agency during a pandemic, as coronavirus cases worldwide topped six million and infections surged in Latin America. The EU urged Washington to reconsider its decision to...
Read more »
Philippines gets more help in fight against Covid-19; China-backed AIIB approves US$750mil loanBEIJING: Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Sunday (May 31) it had approved a US $750mil loan to the Philippines to help the country cope with the Covid-19 (coronavirus) pandemic.
Read more »