Trump revives Brazil, Argentina steel tariffs, swipes at Fed

New York: President Donald Trump is reinstating tariffs on steel and aluminium from Argentina and Brazil, nations he criticised for cheapening their currencies to the detriment of US farmers, and again called on the Federal Reserve to loosen monetary policy. Linking his trade agenda with his Fed criticism in an early morning tweet, he said […]

White House considered kicking Huawei out of U.S. banking system – sources

WASHINGTON: The Trump administration considered banning China’s Huawei from the U.S. financial system earlier this year as part of a host of policy options to thwart the blacklisted telecoms equipment giant, according to three people familiar with the matter. The plan, which was ultimately shelved, called for placing Huawei Technologies Co Ltd, the world’s second […]

China’s factory activity surprises with fastest expansion in 3 years — Caixin PMI

Beijing: China’s factory activity showed surprising signs of improvement in November, with growth picking up to a near three-year high, a private sector survey showed on Monday, reinforcing upbeat government data released over the weekend. But analysts remain concerned about deflationary risks in the sector, unconvinced that the worst is over yet for Chinese manufacturers. […]