President Donald Trump’s administration is set to impose economic sanctions on Ankara, potentially as early as this week, for its incursion into northern Syria, one of the few levers the United States still has over NATO-ally Turkey.
US House Democrats on Friday subpoenaed the White House for documents they want to see as part of their impeachment investigation of President Donald Trump.
Recession fears were stoked last week when bond investors briefly demanded a higher interest rate on 2-year Treasury bonds than for 10-year Treasury bonds, a potential signal of lost faith in near-term economic growth.
Ties between the world’s two largest economies have deteriorated dramatically since Trump announced on August 1, 2019 that he would impose a 10% tariff on a final $300 billion worth of Chinese imports on September 1, 2019 prompting China to halt purchases of US agricultural products.
MSCI’s broadest index of Asia-Pacific shares outside Japan edged 0.04% higher and looked set for another cautious session being up just 0.6% for the week so far.