Latest news with #Apec
The Star
8 hours ago
- Entertainment
- The Star
K-pop star G-Dragon appointed honorary ambassador for Apec Summit
SEOUL: (Bernama-Yonhap) K-pop star G-Dragon has been appointed honorary ambassador for the Asia-Pacific Economic Cooperation (Apec) summit to be held in Gyeongju in October, Prime Minister Kim Min-seok said Wednesday (July 23). Yonhap News reported Kim announced the appointment on his Facebook page, describing G-Dragon as South Korea's "leading artist" who has "continuously demonstrated creativity and innovation," including by transmitting his music into space. "With 100 days to go until the summit, please watch the synergy between G-Dragon and the Apec summit!" he wrote. The prime minister serves as head of the summit preparation committee. The annual event is scheduled to be hosted by the southeastern city on Oct 31 with the participation of leaders from the 21 Apec economies. - Bernama-Yonhap
Free Malaysia Today
2 days ago
- Business
- Free Malaysia Today
Trump, Xi might meet ahead of or during October Apec summit in South Korea
US secretary of state Marco Rubio said both Donald Trump and Xi Jinping want this meeting to happen. (AFP pic) WASHINGTON : US President Donald Trump might visit China before going to the Asia-Pacific Economic Cooperation summit between Oct 30 and Nov 1, or he could meet Chinese leader Xi Jinping on the sidelines of the Apec event in South Korea, the South China Morning Post reported on Sunday, citing multiple sources. The two countries have been trying to negotiate an end to an escalating tit-for-tat tariff war that has upended global trade and supply chains. The two sides have discussed a potential meeting between the leaders in the region this year, but they have not confirmed a date or location yet, according to a person familiar with the matter. Trump has sought to impose tariffs on US importers for virtually all foreign goods, which he says will stimulate domestic manufacturing and which critics say will make many consumer goods more expensive for Americans. He has called for a universal base tariff rate of 10% on goods imported from all countries, with higher rates for imports from the most 'problematic' ones, including China: imports from there now have the highest tariff rate of 55%. Trump has set a deadline of Aug 12 for the US and China to reach a durable tariffs agreement. A spokesperson for Trump did not respond to a request for comment about the reported plans for a meeting with Xi in the autumn. The two countries' most recent high-level meeting was on July 11, when US secretary of state Marco Rubio and Chinese foreign minister Wang Yi had what both described as a productive and positive meeting in Malaysia about how trade negotiations should proceed. Rubio said then that Trump had been invited to China to meet with Xi and said that both leaders 'want it to happen'. On Friday, China commerce minister Wang Wentao said China wants to bring its trade ties with the US back to a stable footing and that recent talks in Europe showed there was no need for a tariff war.
Business Times
3 days ago
- Business
- Business Times
Gold steady as investors await US trade updates, central bank meetings
GOLD prices were little changed on Monday as investors monitored developments in US trade talks and awaited potential market-moving catalysts, including the US Federal Reserve's policy meeting scheduled for next week. Spot gold held its ground at US$3,352.19 per ounce, as of 0250 GMT. US gold futures were steady at US$3,358.70. 'Dollar has made a subdued start to the week, which has left the door open for gold to post gains early doors with tariff deadlines looming large,' KCM Trade chief market analyst Tim Waterer said. 'The closer we move towards the key August 1 deadline without any new trade deals emerging, the more likely gold is to start fancying another run to towards the US$3,400 level and perhaps beyond.' Investors are eyeing developments in trade negotiations ahead of US President Donald Trump's Aug 1 deadline, as US Commerce Secretary Howard Lutnick remains optimistic about reaching a deal with the European Union. Trump might visit China before going to the Asia-Pacific Economic Cooperation summit between Oct 30 and Nov 1, or he could meet Chinese leader Xi Jinping on the sidelines of the Apec event in South Korea, reports said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up At its meeting later this week, the European Central Bank is expected to hold interest rates steady at 2.0 per cent following a string of cuts. Last week, Federal Reserve Governor Christopher Waller said he still believes that the US central bank should cut rates at its policy meeting next week. Gold, often considered a safe-haven asset during economic uncertainties, tends to do well in a low interest rate environment. In Japan, the ruling coalition lost control of the upper house in an election on Sunday, further weakening Prime Minister Shigeru Ishiba's grip on power as the US tariff deadline looms. Elsewhere, spot silver edged 0.1 per cent higher to US$38.22 per ounce, platinum added 0.3 per cent to US$1,425.11 and palladium gained 0.2 per cent to US$1,243.47. REUTERS
Business Times
3 days ago
- Business
- Business Times
Trump, Xi might meet ahead of or during October Apec summit in South Korea: SCMP
US President Donald Trump might visit China before going to the Asia-Pacific Economic Cooperation summit between Oct 30 and Nov 1, or he could meet Chinese leader Xi Jinping on the sidelines of the Apec event in South Korea, the South China Morning Post reported on Sunday citing multiple sources. The two countries have been trying to negotiate an end to an escalating tit-for-tat tariff war that has upended global trade and supply chains. The two sides have discussed a potential meeting between the leaders in the region this year, but they have not confirmed a date or location yet, according to a person familiar with the matter. Trump has sought to impose tariffs on US importers for virtually all foreign goods, which he says will stimulate domestic manufacturing and which critics say will make many consumer goods more expensive for Americans. He has called for a universal base tariff rate of 10 per cent on goods imported from all countries, with higher rates for imports from the most 'problematic' ones, including China: imports from there now have the highest tariff rate of 55 per cent. Trump has set a deadline of Aug 12 for the US and China to reach a durable tariffs agreement. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up A spokesperson for Trump did not respond to a request for comment about the reported plans for a meeting with Xi in the autumn. The two countries' most recent high-level meeting was on July 11, when US Secretary of State Marco Rubio and Chinese Foreign Minister Wang Yi had what both described as a productive and positive meeting in Malaysia about how trade negotiations should proceed. Rubio said then that Trump had been invited to China to meet with Xi, and said that both leaders 'want it to happen.' On Friday, China Commerce Minister Wang Wentao said China wants to bring its trade ties with the US back to a stable footing and that recent talks in Europe showed there was no need for a tariff war. REUTERS
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First Post
3 days ago
- Business
- First Post
Trump-Xi meet likely in Shanghai or on the sidelines of Apec summit in South Korea: Report
This month, Chinese Foreign Minister Wang Yi and US Secretary of State Marco Rubio met face-to-face, a step toward a potential leaders' summit. read more The Asia-Pacific Economic Cooperation (Apec) summit in South Korea, set for October 30 to November 1, offers a key opportunity for Chinese President Xi Jinping and his US counterpart Donald Trump to meet, South China Morning Post (SCMP) reported, citing sources. Trump might visit China beforehand or meet Xi on the sidelines of the Apec event in Gyeongju, where Xi plans to attend, though Trump's participation is unconfirmed, the Hong Kong based outlet reported. STORY CONTINUES BELOW THIS AD This month, Chinese Foreign Minister Wang Yi and US Secretary of State Marco Rubio met face-to-face, a step toward a potential leaders' summit. Last month, Xi invited Trump and his wife to China, an invitation Trump reciprocated. Rubio noted a 'strong desire on both sides' for a presidents' meeting. US-China relations have been rocky since Trump's January return to the White House, as the US leader issued threats of imposing 145 per cent tariffs on Chinese goods. Both sides have since worked on stabilising ties, reaching a preliminary trade deal easing China's rare-earth export restrictions and US technology trade barriers. Analysts suggest a pre-Apec meeting in China, possibly in Shanghai, is likely to differentiate from Trump's 2017 Beijing visit. Diao Daming of Renmin University was quoted by SCMP as saying: 'Under favourable conditions and an appropriate atmosphere, any form of interaction between the two leaders will aid in the stabilisation and development of US-China relations.' Bonnie Glaser of the German Marshall Fund noted that China sees a summit as stabilising. 'They maintain that a leaders' meeting could create greater stability in the relationship,' she said, adding it could allow Xi to push for eased technology restrictions and the US reaffirmation against Taiwan independence. Beijing views Taiwan as its territory, to be reunited if necessary by force. The US, while not recognising Taiwan's independence, opposes forceful takeover and is obligated to arm Taiwan. STORY CONTINUES BELOW THIS AD Sun Chenghao of Tsinghua University said a summit could break deadlocks on issues like fentanyl and tariffs: 'If certain issues can be clarified directly through a summit between the two leaders, I believe we could see relatively swift breakthroughs in specific areas of US-China relations.' Chen Qi of Tsinghua added: 'Both sides are indeed working to create a conducive atmosphere for a meeting.' Cooperation on trade and export controls could foster positive interactions. Observers note that Trump's greater eagerness gives Beijing leverage. 'It's up to China. Trump would be on a plane to Beijing tomorrow if he could,' said Jeremy Chan of Eurasia Group. 'China is very protocol driven and wants all agreements lined up well in advance while Trump would be happy to hash it all out over a Big Mac.' However, Taiwan or hawkish US actions could derail plans. 'The summit will be well telegraphed in advance,' Chan said. 'But all it would take would be one slip up along the way to derail the whole thing.' STORY CONTINUES BELOW THIS AD
