China hopes WTO members support multilateral trade system: MOC
29 June, 2018, 18:39 | Author: Mary Valdez
USA crude futures last traded at US$72.50 a barrel, down 0.37 per cent in early Asian trade.
U.S. President Donald Trump's administration unveiled a plan for a stronger security review process of foreign investors acquiring domestic technologies, after earlier indicating it would specifically block Chinese investments.
China, which has pledged to further open up its economy this year, might additionally adjust its policies due to economic uncertainty arising from the trade friction, the Global Times said.
After a morning rally, the S&P technology.SPLRCT and industrial.SPLRCI sectors, which have a relatively high revenue exposure to China, fizzled.
MSCI's broadest gauge of the world's stock markets fell to its lowest level in nearly three months, on course to post its fourth month of loss in the last five. The Nasdaq composite added 0.4 percent to 7,561.63.
MSCI's broadest index of Asia-Pacific shares outside Japan fell as much as 0.52 percent to hit a new near nine-month low, before it recovered some ground, while Japan's Nikkei average was flat after erasing earlier losses.
"Chinese stocks have already slid into bear market territory".
Chinese blue chips sank 2.2 per cent to be a whisker above 13-month lows as a resolution of Sino-US tensions remained a distant prospect. Chinese equities have now fallen 20 percent from a peak in January and are 45 percent lower than a high seen in 2015.
China and the European Union (EU) agreed on Monday to launch a group that will work to update global trade rules to address technology policy, subsidies and other emerging irritants and preserve support for worldwide trade amid USA threats of import controls. The U.S. dollar index.DXY, which measures the greenback against a basket of six other currencies, was up 0.69 percent at 95.249, its second straight day of gains, after it saw the highest levels since last October last week.
The spot yuan market opened at 6.6177 per dollar and was changing hands at 6.6151 as of 0335 GMT, 131 pips or 0.19 per cent weaker than the previous late session close. The kiwi dollar hit its lowest in seven months at US$0.6812. The yuan has dropped 3.1 per cent in June, more than in any other month since 1994 when China unified the market exchange rate. USA gold futures GCcv1 fell 0.44 percent to $1,254.40 an ounce.
The 10-year U.S. Treasury's yield slipped to 2.8492 percent, keeping dollar demand in check.
"For the most part, the spectre of trade wars is still really weighing on risk here and that's what's keeping Treasuries better bid", said Gennadiy Goldberg, an interest rate strategist at TD Securities in NY.
USA crude stocks fell almost 10 million barrels last week while the fall in Canadian exports helped drain supplies of heavy crude across North America.
U.S. crude added 17 cents to US$70.70, having surged 3.6 per cent overnight, while Brent climbed 18 cents to US$76.49 a barrel. President Trump who withdrew the USA from the Iran nuclear deal in May, is pushing foreign nations to cut their oil imports from Iran to zero by November when sanctions on Iran's energy sector will kick in again.
And his teammate Axel Witsel, rested for the game along with several other Belgian big guns, clearly enjoyed it. Social media was alive to the incident of course, though - and Batshuayi himself was quick to join in the fun.
Additionally, Leonard reportedly wants to be traded to the Lakers, or he will sign with them when he becomes a free agent in 2019. There's been speculation since Leonard asked for a trade that Kyle Kuzma would have to be involved in any deal with the Spurs.
There are almost 236,000 Democrats registered in the 14th Congressional District, which covers parts of the Bronx and Queens. A day later, a more poised Ocasio-Cortez seems to have moved on from shock to ambition.
An 86th minute strike from defender Marcos Rojo gave them a barely deserved 2-1 win over Nigeria , eliminating the African side. Banega is at midfield and Messi is not that far out in front of him, but he sees an open alley and decides to make his run.
The Germany keeper bobbled the ball and needed to swipe the rebound away from the attackers after a spectacular dive. This win for Korea sent the Germans crashing out of the tournament, which ultimately saved Mexico in the process.
Anne Arundel County Acting Chief William Krampf said that the gunman's intention was to cause harm and it was "targeted shooting". According to police, first shots were reported at 2:40pm after the shooter entered the Capital Gazette building.
The blaze imperiled the single road leading into a mostly residential community with some farms, officials said. He told The Press Democrat that the battle has been hard due to the valleys and hills in the area.
Colombia wins, Senegal out on yellow cards
Colombia top the group with a narrow win over Senegal , whose elimination means no African team has qualified for the knockouts. Rodriguez returned to the team bench in the second half, in time to see Mina's header that gave Colombia the lead.
Ranbir Kapoor’s film gets a thumbs-up from critics
The Rajkumar Hirani-directed film has landed in hot waters because of a remark made on sex workers in the trailer of the film . A user tweeted, "Central Board of Film Certification (CBFC) has objection over the toilet leakage scene in Sanju ".
India vs Ireland 1st T20I Live Streaming on Sony Six
However, the Ireland Cricket team are no pushovers and have T20 specialists like Paul Stirling and Kevin O'Brien in the team . Kohli, Bhuvneshwar Kumar, Jasprit Bumrah and MS Dhoni were rested for the T20 tri-series in Sri Lanka in March.
New Drake Song Features Michael Jackson
Canadian rapper Drake unveiled the track list of his upcoming album, Scorpion , on social media Thursday. Now, music fans have once again found themselves amidst the summer Nor'easter of a Drake album rollout.
Volkswagen electric car sets Pikes Peak record
A brand-new all-electric race auto built by Volkswagen smashed records at Sunday's Pikes Peak Hill Climb in Colorado Springs. The twin turbo unit produces 600bhp and 900nm, sending drive to all four wheels through an eight-speed automatic gearbox.