Skip to main content

Posts

Showing posts with the label WTO

Featured Post

Market Daily Report: Selective Buying Of Defensive Stocks Lifts Bursa Malaysia Higher At Close

 KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Post a Comment
Read more

Trade Wars Escalate as Trump Imposes Steep Tariffs on Canada, Mexico, and China

Key Developments: Trump’s tariffs take effect:  25% duties on imports from  Mexico and Canada , while  China faces a 20% tariff increase  on top of existing levies. China retaliates  with  10%-15% tariffs  on US goods and  export restrictions  on 25 US firms. Canada and Mexico vow countermeasures , with  C$30 billion in immediate retaliatory tariffs  from Ottawa. Market turmoil ensues , as global stocks slide and investors flee to safe-haven assets. US recession fears rise , with businesses warning of  supply chain disruptions  and  higher consumer prices . North America: Trade Friction with Allies Canada’s Swift Response Prime Minister Justin Trudeau  condemned the tariffs, calling them a  violation of the US-Mexico-Canada Agreement (USMCA) . Canada retaliates with  25% tariffs on C$30 billion (US$20.7 billion) in US goods , targeting: Beer, wine, and bourbon Home appliances Florida orange juice Ontari...
Post a Comment
Read more

Chinese Commerce Minister Warns EV Tariffs Will Harm Both Germany and China

China’s Commerce Minister , Wang Wentao , has stated that the European Union's (EU) imposition of tariffs on electric vehicles (EVs) will "seriously interfere" with trade and investment cooperation and negatively impact both China and Germany . During discussions on Tuesday with German Vice Chancellor and Economic Minister Robert Habeck , Wang expressed hope for a solution aligned with World Trade Organization (WTO) rules to be reached promptly, aiming to avoid escalating economic and trade frictions between China and the EU, according to a statement released by China’s Ministry of Commerce early Wednesday. The European Commission is reportedly close to proposing final tariffs of up to 35.3% on EVs built in China , in addition to the EU's standard 10% car import duty . Wang's visit to Europe is focused on addressing the EU’s anti-subsidy case against Chinese-made EVs, ahead of a decision on additional tariffs. He urged Germany to act in its own interests and en...
Post a Comment
Read more