The US and China said their presidents will meet in Japan next week to relaunch trade talks after a month-long stalemate, triggering a rally in financial markets.
The rand fell by 1% against the dollar in early trade on Wednesday, as questions around President Cyril Ramaphosa's Cabinet and global trade war concerns continued to cause uncertainty.
Beijing is committed to striking a trade deal with the US but it’s ready to respond with more countermeasures, said Chinese envoy Cui Tiankai, as he called the blacklisting of Huawei an "unusual" act of state power against a company
The rand regained some ground against the dollar on Monday morning after weakening late last week, but is expected to remain under pressure as trade tensions between the US and China take centre stage.
The local currency will continue to track emerging market sentiment as talks between the world's two largest economies remain deadlocked over tariffs, say analysts.
The US president hasn’t set a date to meet his Chinese counterpart Xi Jinping as the world’s two biggest economies continue negotiations to end a trade war, said White House spokeswoman Sarah Huckabee Sanders.
The US and China are close to a trade deal that could lift most or all US tariffs as long as Beijing follows through on pledges ranging from better protecting intellectual-property rights to buying a significant amount of American products, two people familiar with the discussions said.
China has called off planned trade talks with the US and is unlikely to sit down with Washington until after the mid-term elections, according to people familiar with the situation.
This as US President Donald Trump decides whether to levy new tariffs on about R3 trillion of Chinese goods.
A restaurant in Istanbul joins President Erdogan's call for a 'national battle' against 'economic enemies' by offering free fish.
Apple has a backup plan if the US-China trade war gets out of hand.
The rand weakened in early trade on Tuesday, with uncertainty around the SA's Cabinet starting to filter into the forex markets as the UK and US returned from public holidays on Monday.
The country is 'a small, open economy which grows by selling into the global demand,' central bank Governor Lesetja Kganyago told reporters in Pretoria on Thursday.
Top US corporations from chipmakers to Google have frozen the supply of critical software and components to Huawei, complying with a Trump administration crackdown.
China and the US made progress toward a much-anticipated trade deal in their latest meetings and will keep talking on the remaining issues, the state-run Xinhua news agency reported.
The Trump administration is making “headway” in trade negotiations with China, the top White House economic adviser has said, brushing off reports suggesting diminishing prospects for a deal and push-back from Beijing.
Trump says he will extend a deadline to escalate tariffs on Chinese imports, citing 'substantial progress' in weekend talks between the two countries
Turkey’s finance chief says the imposition of sanctions by the US is politically motivated, and called on other nations to form a united front against such actions.
For some farmers in South Africa, concern over domestic land reform takes second place to worries about cheap chicken exports from America.
'Brics cooperation will be a solution to [the] challenge of de-globalisation,' the chairperson of the Bank of China Chen Siqing said at a discussion in Sandton.
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