Trump has already upped the ante on his trade war against China then, announcing another set of tariffs on US$200bn worth of Chinese goods (effective 24 September) and the US-Mexico-Canada Agreement (USMCA) signed on 1 October.
Locally, researchers noted that services inflation has eased, although the year-on-year decline in accommodation related expenses have moderated and there is stabilisation in the decline in private road transport costs.
Indexes in Japan, Hong Kong, Taiwan, Australia off more than 1%
After successfully fulfilling an independent competitive technical and financial bidding process, RNAM, the asset management joint venture of Reliance Capital and Nippon Life Insurance of Japan, has been awarded this mandate.
In response to questioning from GTR at an event in Hong Kong today (October 10), Standard Chartered’s head of transaction banking for China, David Koh, said the bank is “definitely going all in with BRI”.