News

European stocks traded lower Wednesday after the U.S. and China resumed tough stances in their ongoing trade war.

Gold prices gained momentum on Wednesday as the dollar dipped on speculation the U.S. central bank would cut interest rates this year amid concerns about waning global economic growth.

Oil prices steadied on Thursday, after slumping as much as 4% in the previous session to nearly five-month lows on the back of a further buildup in U.S. crude stockpiles and worries about lower demand growth.

U.S. government debt yields fell on Wednesday after a government report showed that prices consumers pay across the U.S. economy inched higher in May.

The dollar held its gains early on Thursday after rebounding from 11-week lows, as peers such as the euro, pound and commodity currencies sagged due to troubles of their own.

Vietnam’s government has directed companies not to advertise on videos hosted by Google’s YouTube platform that contain “reactionary” or “anti-state” content, in the latest confrontation between the communist-ruled state and US tech groups.

The electronics manufacturing industry has asked the government to immediately ban imports of televisions from Vietnam, which saw a 25-times jump to Rs 1,500 crore within the last one year, and called for changes in the import duty structure.

The State Bank of Vietnam plans to scrap the VND20 million ($856) daily transaction limit for e-wallet users, only retaining a monthly cap.

China has been accused of mislabelling products as being ‘Made in Vietnam’ in order to dodge Donald Trump’s tariffs.