US, China trade "handshake for a framework" not generating enthusiasm in Asia trade.The US dollar is attracting a few bids with a lower EUR, AUD, NZD, GBP. CAD, yen and CHF are little changed.
US, China officials agree on plan to ease trade tensions - Bloomberg.The United States (US) and China agreed to a preliminary deal on how to implement the consensus the two sides reached in Geneva, per Bloomberg.
US Commerce Secretary Lutnick says reached a framework with China.US Commerce Secretary Howard Lutnick said early Wednesday that the United States and China have reached a framework to implement the Geneva Consensus, but they will go back and see if US President Donald Trump approves it.
China's Vice Commerce Minister says talks with US on trade rational and candid.China's Vice Commerce Minister Li Chenggang said early Wednesday that communication with the United States (US) has been rational and candid, adding that the two sides agreed on a consensus on the Geneva meeting.
"China heading towards a 4.5 day work week" (2.5 day weekend) is doing the rounds again.This idea has been floated multiple times over past years. Its getting a redo in the headlines again today.