U.S. Treasury yields slumped on Wednesday, with 30-year yields nearing record lows, on growing fears of a global downturn and bets the Federal Reserve would have to cut interest rates further to counter growing recession risks.
US President Donald Trump stunned financial markets on Thursday by saying he plans to levy the additional duties from Sept. 1, marking an abrupt end to a truce in a year-long trade war that has slowed global growth and disrupted supply chains.
Trump’s anger was fueled, in part, by the fact that China has not begun buying large amounts of US farm products, which the president promised farmers would happen after a June meeting with Chinese President Xi Jinping.
Rhetoric on both sides has hardened despite the agreement in June by Presidents Donald Trump and Xi Jinping to revive efforts at ending the costly fight over China's technology ambitions and trade surplus.
PM Modi and Chinese President Xi Jinping on Saturday began their last round of one-on-one talks on the second day of a two-day informal summit. They met at the East Lake and took a brisk walk while interacting with each other. They also enjoyed a boat ride over the lake.
PM Modi was among the many dignitaries present at the Twelfth G20 Summit held at Hamburg, northern Germany. US President Donald Trump, French President Emmanuel Macron, Canadian PM Justin Trudeau and Australian PM Malcolm Turnbull were also present.
Chinese troops staged a celebration of the 70th anniversary of Japan's surrender during World War II in Beijing; Vladimir Putin worksout in an open-air gym; Hundreds of angry migrants demonstrated outside Budapest's Eastern Railway Terminus.
Replying to the no-confidence motion, Prime Minister Narendra Modi said that when it came to Doklam, the Congress was all over the place when asked about meeting Chinese officials. And on surgical strikes, he said, the party's comments were childish.