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Markets rally on Powell comments, China boosted by duty cut
Markets rally on Powell comments, China boosted by duty cut
Business and Economy
by  AFP

Asian markets rose Monday after Federal Reserve chief Jerome Powell said officials would take a careful approach regarding interest rate hikes, while Chinese shares soared after the government cut the duty on trades. Officials also said they would slow the pace of new listings, which usually suck up market liquidity.

US commerce secretary kicks off visit to China
US commerce secretary kicks off visit to China
Business and Economy
by  AFP

US Commerce Secretary Gina Raimondo is set to hold meetings with Chinese counterparts Monday on a trip to Beijing aimed at cooling trade tensions between the world's two largest economies. - Trade tensions - Relations between Washington and Beijing have plummeted to some of their worst levels in decades, with Washington's trade curbs near the top of the laundry list of disagreements.