Business

China says maintaining 'normal communication' with U.S. on trade

FILE PHOTO: Chinese staffers adjust U.S. and Chinese flags before the opening session of Sino-U.S. trade negotiations in Beijing, Feb. 14, 2019. Mark Schiefelbein/Pool via REUTERSBEIJING (Reuters) – China is maintaining “normal communication” with the United States on trade, the Chinese government said on Thursday, one of the few areas the world’s two largest economies […]

Economy

UK aims to join CPTPP trading bloc by next year, says Foreign Secretary Raab

SINGAPORE – Britain hopes to wrap up the accession process to join one of the world’s largest trading blocs – the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – by next year. UK Foreign Secretary Dominic Raab said: “The hope is that over the course of this year and next year, we can make […]

Politics

New Zealand and UK aim to conclude trade talks in August

By RNZ New Zealand and the UK have committed to accelerating their free trade agreement (FTA) negotiations with the aim of reaching an agreement in principle this August, Trade Minister Damien O’Connor says. “We’ve held constructive and productive discussions towards the conclusion of a high-quality and comprehensive FTA that will support sustainable and inclusive trade, […]

Business

China's imports grow at fastest pace in decade as materials prices surge

BEIJING (Reuters) -China’s imports grew at their fastest pace in 10 years in May, fuelled by surging commodity prices, while export growth missed expectations, likely weighed by disruptions caused by COVID-19 cases at major ports in the country’s south.FILE PHOTO: Containers are seen at the Yangshan Deep-Water Port in Shanghai, China October 19, 2020. REUTERS/Aly […]

Economy

Suez Canal jam may further strain Singapore manufacturers amid shipping container shortage

SINGAPORE – The shortage of shipping containers, which has hit Singapore manufacturers in recent months, may be exacerbated by the jam at the Suez Canal. Shipping container costs have already jumped from anywhere between 20 to 200 per cent amid disruptions stemming from the Covid-19 pandemic, industry players told The Straits Times. Please subscribe or […]

Economy

Canadian trade minister seeks closer ties, investments from Singapore manufacturers

SINGAPORE – It is in the mutual interest of Singapore and Canada to grow their trade and economic relations while working together on strengthening a global rule-based trading system, said Ms Mary Ng, the Canadian Minister for Small Businesses, Export Promotion and International Trade. “There are both an immense interest and an opportunity in strengthening the […]

World News

Deshaun Watson requests trade from Houston Texans, AP source says

HOUSTON — Star quarterback Deshaun Watson has requested a trade from the Houston Texans, a person familiar with the move told The Associated Press. The person was not authorized to speak publicly about the request and spoke to the AP on the condition of anonymity Thursday. Watson has a no-trade clause in his four-year, $156 […]

Business

SBF chief exec retiring after a decade of service

Singapore Business Federation (SBF) chief executive officer Ho Meng Kit will retire on Jan 1 after 10 years of service. The business chamber announced yesterday that the 64-year-old, who was appointed in 2011, will continue to help SBF as a senior adviser. Deputy CEO Lam Yi Young, 48, who joined the chamber in July, will […]

World News

Trade talks: What do the UK and EU want?

Trade negotiations tend not to begin with two sides in agreement – otherwise there would be nothing to negotiate. So it’s not surprising to see the UK and EU set out rather different positions before talks begin in earnest. There are some broad similarities. The two sides agree they want a free-trade agreement, with no […]

Business

U.S.-China trade deal is 'fine', China still buying U.S goods: Kudlow

WASHINGTON (Reuters) – China is continuing to buy U.S. goods and particularly commodities under the U.S.-China Phase 1 trade deal signed in January, despite rising tensions on Hong Kong and other issues, White House economic adviser Larry Kudlow said on Tuesday. Asked if deteriorating ties between the world’s two largest economies on other fronts could […]