It now sees Singapore economy growing 2 per cent, down from its previous forecast of 2.5 per cent. Read more at straitstimes.com. Read more at straitstimes.com.

China has exempted some U.S. imports from its 125% tariffs and is asking firms to identify critical goods they need levy-free, according to businesses notified, in the clearest sign yet of Beijing's concerns about the trade war's economic fallout.

China exempts select U.S. imports from tariffs, signaling steps towards alleviating trade war tensions and boosting the economy.