Economy

Singapore is second-easiest place in Asia to do business: Study

Singapore is in second place in a league table of ranking Asian economies on how easy it is to conduct business, but fares less well on a global scale. A study of 77 jurisdictions across the world looked at indicators such as legislation, accounting procedures, tax regimes and human resource rules. It put Singapore at […]

Business

Trump administration vows to push for 'broad reset' at WTO

WASHINGTON (Reuters) – The Trump administration will push for a broad reset of “outdated tariff determinations” at the World Trade Organization to right what it sees as years of unfair treatment of the United States, a top trade official will tell lawmakers on Wednesday. U.S. Trade Representative Robert Lighthizer said changes in the tariffs set […]

Business

China keen to seek benefits from pandemic, distressed U.S. assets: report

WASHINGTON (Reuters) – U.S. lawmakers and policymakers should be wary of China’s moves to target vulnerable U.S. assets and expand its market share in the wake of the global economic crisis triggered by the novel coronavirus, according to a study prepared for a U.S. trade group and released on Tuesday. The Horizon Advisory report for […]

Politics

US trade deal ‘could pose greatest risk to UK food since BSE crisis’

A US trade deal could pose the greatest risk to food safety since the mad cow disease crisis 20 years ago, the government has been warned. Consumer group Which? has written to International Trade Secretary Liz Truss as a new round of negotiations gets under way between US and UK officials. The letter, seen by […]

Economy

S. Korea's May exports dive 46% as virus wipes out global demand

SEOUL • South Korean exports and imports suffered a precipitous decline in the first 10 days of May, underlining a bleak outlook for Asia’s fourth largest economy and international trade as the coronavirus crisis slammed global demand. Exports contracted 46.3 per cent year on year in the period, while imports fell an equally dizzying 37.2 […]

Business

Chinese advisers call for talks on new trade deal with U.S.: Global Times

BEIJING (Reuters) – Hawkish voices have emerged in China seeking a reevaluation of its Phase 1 trade deal with the United States, with some advisers urging fresh talks, a state-controlled tabloid said, citing sources close to the Chinese government. Advisers close to the talks have suggested that Chinese officials revive the possibility of invalidating the […]