WASHINGTON: The International Monetary Fund said that the US dollar was overvalued by 6 percent to 12 percent, based on near-term economic fundamentals, while the euro, Japan’s yen and China’s yuan were seen as broadly in line with fundamentals, Reuters reported. The IMF has been at ...

BEIJING: China’s President Xi Jinping will attend the G20 summit in  Japan next week, state-run Xinhua news agency said on Sunday, giving the first official confirmation of his attendance at a gathering where he is expected to meet US President Donald Trump. The G20 summit will be held ...

Russia has announced that it would not support any sides in the US-China trade war. Talking to newsmen in Sochi, Kremlin spokesman Dmitry Peskov said Russia is interested in building independent relations with both China and the United States. He said the trade war between the US and China have ...

Japan has urged for early solution to the escalating US-China trade war as it could hurt the global economy.   Talking to media in Tokyo, Japan’s Economy Minister Toshimitsu Motegi has said that tit-for-tat tariff retaliation benefits no country, urging the United States and China must ...

Washington: From iconic Harley Davidson motorcycles and American bourbon to machinery and computer processors, the world's two largest economies have exchanged punitive tariffs that slice through a wide swath of key products. Starting Thursday at 12:01 am (0401 GMT), the US will charge 25 percent ...

China’s trade surplus with the United States widened to $22.19 billion in April, from $15.43 billion in March, customs data showed on Tuesday. For January-April, China’s trade surplus with the United States was $80.4 billion. The world’s two largest economies have threatened each ...

BEIJING – A trade war between China and the United States would only cause pain, China’s commerce minister said on Saturday, as analysts say the spectre of deteriorating U.S.-China ties is likely to weigh on confidence of exporters and investors worldwide.“A trade war would not benefit either ...

BEIJING (APP/AFP) - As Donald Trump prepares to take office as the 45th president of the United States Friday, Beijing will be watching closely amid fears a trade war could break out between the world's top two economies. Trump has repeatedly blasted China's trade policies and threatened to slap ...