MARKET NEWS

WASHINGTON: Prospects for progress in US-China trade talks dimmed on Monday after Washington blacklisted Chinese companies over Beijing’s treatment of predominantly Muslim ethnic minorities, and President Donald Trump said a quick trade deal was unlikely.The move by the US Commerce Department could deepen divisions between Washington and Beijing at a critical juncture in...

The ringgit opened slightly lower against the US dollar on lack of catalysts, said a dealer.At 9.05am, the local note was at 4.1930/1960 against the greenback from yesterday’s close of 4.1910/1950.Axi Trader Asia-Pacific market strategist Stephen Innes said in the absence of a significant catalyst, Asian currencies would continue to track...