Published: Mon, September 03, 2018
Markets | By Noel Gibbs

President Trump threatens to withdraw United States from WTO

President Trump threatens to withdraw United States from WTO

Euro banknotes and coins are displayed at a fruit merchant on a market in Nice, France, November 16, 2017.

Shares in smartphone camera lens supplier Largan Precision Co (大立光) shed 0.84 percent to NT$4,705 per share, while Hon Hai Precision Industry Co (鴻海精密), an assembler of Apple Inc's iPhones, dropped 0.49 percent to NT$80.50.

By Benjamin Dressing It was announced this week that the USA and Mexico are very close to settling on the next version of their trade policy. In a breakthrough on Monday, the U.S. and Mexico announced a bilateral deal to replace Nafta. Negotiations have concluded, but nothing has been decided so there's a little bit of uncertainty.

Stocks were coming off a four-day surge that brought them to record highs as the US appeared to make progress in trade talks with Mexico and Canada.

'Crazy driver' smashes up bus, runs over man in road rage attack
She eventually sped off, causing the bus driver to be thrown from the car's hood and landing in the middle of the intersection. WTOP in D.C . reported that the woman, who was driving a gold-colored Audi model, tried to illegally pass the Greyhound bus.

The imposition of the US$200 billion tranche is the biggest so far, and would mark a major escalation in the trade war between the world's two largest economies and is likely to further unnerve financial markets that have been concerned about the growing tensions.

Concerns about a NAFTA deal with Canada grew after Canadian Foreign Minister Chrystia Freeland said earlier on Friday that Canada is looking for a "good deal, not just any deal".

Elsewhere in Asia, the report on Trump's planned tariffs added to the fright on trading floors, with most equity markets across the region falling.

Sydney fell 0.5 percent, while Singapore was off 0.2 percent.

CBOE might launch Ethereum futures this year, but ETH/USD bears unimpressed
Technically, Future is an agreement to organize buy and sell an asset on a specific future date at a specific price. With this, CBOE is expected to support its ETH futures on Gemini's underlying market.

Oil prices slipped. Brent crude oil traded over half a percent lower at $77.33 a barrel while USA crude fell 0.7 percent at $69.76 a barrel.

The public comment period on the new round of tariffs, which would cover a broad range of goods, ends August 30. The report also said it's possible any tariffs imposed would take effect at a later date. Investors were fearful about Europe's outlook as Trump has threatened to impose tariffs on cars assembled by German automakers. The dollar index .DXY rose 0.15 percent while the Japanese yen JPY= strengthened 0.07 percent versus the greenback. The flight out of emerging market units hit India, where the rupee fell to 71 against the dollar for the first time on Friday.

Competitor Dollar General slipped 1 percent to $105.66 after it said its profit margins dipped.

Argentina's central bank voted unanimously at an emergency meeting on Thursday to raise its benchmark rate to 60%, from 45% but the unexpected move failed to stabilise the peso.

Gladys Knight confirms she doesn`t have pancreatic cancer
According to TMZ, Gladys had discussed it with the legendary singer the last time they spoke to each other. Bill Clinton described himself as an Aretha Franklin "groupie", saying he had loved her since college.

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