KUALA LUMPUR (Jan 18): The FBM KLCI rose after opening lower today as global investors took cue from a a report by The Wall Street Journal that US Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports.
Such sentiment led to anticipation of a thaw in the China-US trade war. At Bursa Malaysia, the KLCI opened 0.67 point lower at 1,682.30 at 9am. At 9:05am, the KLCI rose 0.21 point to 1,683.18.
WASHINGTON (Jan 18): President Donald Trump has canceled his delegation’s trip to the World Economic Forum in Davos, Switzerland, next week due to the partial U.S. government shutdown, according to a statement released by Press Secretary Sarah Sanders on Thursday.
Trump, who attended last year’s Davos event, had planned to go again this year but pulled out last week as he grapples with Democrats in Congress over funding for a wall on the border with Mexico that has led to a partial shutdown of the government.
SHANGHAI: China may set an economic growth target for this year of between 6 percent and 6.5 percent, lower than for 2018, the official China Daily newspaper reported on Friday, citing unnamed sources close to policymakers.