AFP Asia Business

The US Postal Service (USPS) has said it is temporarily suspending inbound parcels from China and Hong Kong, evoking an angry accusation of “unreasonable suppression” from Beijing on Wednesday. The order follows US President Donald Trump’s imposition of additional 10 percent tariffs on Chinese imports starting Tuesday. Minutes after they took effect, Beijing unveiled new levies on a …

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Equity markets stumbled Wednesday and gold hit a new record as investors kept tabs on China and the United States after they exchanged tariffs, sparking fears of another debilitating trade war between the economic superpowers.Shanghai, which reopened after a week-long break, and Hong Kong were among the main losers as e-commerce firms took a hit …

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Asian markets stumbled Wednesday and gold hit a new record as investors kept tabs on China and the United States after they exchanged tariffs, sparking fears of another debilitating trade war between the economic superpowers.Shanghai, which reopened after a week-long break, and Hong Kong were among the main losers as e-commerce firms took a hit …

Asian markets stutter as traders weigh China-US trade flare-up Read More »

The US Postal Service (USPS) said Tuesday it was temporarily suspending inbound parcels from China and Hong Kong, shortly after President Donald Trump’s imposition of fresh tariffs targeting Beijing.The halt will take place “until further notice,” and follows Trump’s order for an additional 10 percent levy on Chinese imports starting Tuesday.The order, unveiled over the weekend, …

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Japan’s Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its annual net profit forecast to almost $30 billion.China overtook Japan as the biggest vehicle exporter last year, helped by its dominance in EVs.Many foreign car firms are struggling in China, but Toyota — …

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Nissan shares plunged on Wednesday after Japan’s Nikkei business daily said the carmaker had decided to withdraw from merger talks with rival Honda.The newspaper and other Japanese media had earlier reported that Honda had proposed making Nissan a subsidiary, instead of the previous plan to integrate under a new holding company.”Strong opposition” within Nissan to …

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