News
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U.S. recession no longer likely after trade truce, says Barclays
LONDON, May 16 (Reuters) - Barclays no longer expects the U.S. economy to slip into a recession later this year and has revised up its growth forecasts, given signs of a de-escalation in U.S.-China trade tensions, the bank said in a note released late Thursday.Barclays said it now expects the U.S. e...Reuters
Fri, May 16
Japan's economy shrinks more than expected as US tariff hit looms
TOKYO, May 16 (Reuters) - Japan's economy shrank for the first time in a year and at a faster pace than expected, data for the March quarter showed on Friday, underscoring the fragile nature of its recovery now under threat from U.S. President Donald Trump's trade policies.Reuters
Fri, May 16
EXPLAINER-Third time lucky? South Africa needs to plug $4.1 billion budget hole
By Colleen Goko and Siyanda Mthethwa JOHANNESBURG, May 16 (Reuters) - Finance Minister Enoch Godongwana returns to parliament on May 21 for a third try at passing South Africa's budget, after disputes with coalition partners over plans to increase tax scuppered two previous attempts.Godongwan...Reuters
Fri, May 16
Taiwan meets with US for tariff talks in South Korea
TAIPEI, May 16 (Reuters) - The main Taiwan and U.S. trade representatives met in South Korea for trade negotiations, yielding optimism that further talks would lead to reduced U.S. tariffs on Taiwan exports, the island's Vice-Premier Cheng Li-chiun said on Friday. At a news conference marking Pr...Reuters
Fri, May 16
FACTBOX-Investment banks raise China's GDP forecast after tariff pause
SHANGHAI, May 16 (Reuters) - Global investment banks are raising their forecasts for China's economic growth this year, after Beijing and Washington agreed to a 90-day pause on tariffs, despite uncertainty around Sino-U.S. trade negotiations.The deal reached between the U.S. and China after bila...Reuters
Fri, May 16
U.S. tells Vietnam trade deficit 'unsustainable' and major concern during tariff talks
By Khanh Vu HANOI, May 16 (Reuters) - The United States has told Vietnam its trade deficit with the Southeast Asian country is "unsustainable" and a major concern, Vietnamese state media reported on Friday, as the two countries hold negotiations on tariffs.Vietnam has been holding talks w...Reuters
Fri, May 16
