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BEIJING – China and the US agreed to revive a fragile trade truce after two days of talks in London, further defusing tensions between the two geopolitical rivals. US President Donald Trump said on June 11 that the deal with China “is done” and that the relationship was “excellent”. Hours earlier, Chinese Vice-Premier He Lifeng, who led the negotiating delegation in London, called on the US to “stay true to your words” and “demonstrate good faith in keeping promises”. The agreement, which concluded close to midnight on June 10 in London,... Read More

NZD/USD edges higher to around 0.6035 in Thursday’s early Asian session, bolstered by the softer US Dollar.   Softer US inflation data undermines the US dollar and acts as a headwind for the pair.  Trump said the trade deal with China is ‘done,’ though details from China were lacking. The NZD/USD pair gathers strength to around 0.6035 during the early Asian session on Thursday. Cooler-than-expected US inflation data and rising bets of a Federal Reserve (Fed) rate cut in September exert some selling pressure on the Greenback. The US Producer... Read More

Jetstar Asia’s sudden announcement about its closure on Wednesday morning has left some customers confused and frustrated. (PHOTO: Fabrizio Gandolfo/SOPA Images/LightRocket via Getty Images) The Jetstar Asia closure has left some customers confused and frustrated over conflicting information, or a lack thereof. The Singapore-based airlines, operated by Qantas Group, announced on Wednesday (11 June) morning that it would be ceasing operations from 31 July. They added that Jetstar Asia flights would be operating with a “progressively reduced schedule”. For a customer identified as Daniel, he told CNA that he didn’t... Read More