* Trump says trade talks ongoing with China, could act on Huawei
* Trump says trade talks ongoing with China, could act on Huawei
SYDNEY, Dec 12 Asian stock markets edged ahead on Wednesday as U.S. President Donald trump sounded upbeat about a trade deal with China, while sterling struggled with talk of an imminent party coup against British Prime Minister Theresa May.
SYDNEY, Dec 12 Asian markets faced a fraught session on Wednesday as conflicting reports deepened confusion over Sino-U.S. trade, while sterling was battered by talk of an imminent party coup against British Prime Minister Theresa May.
* Next move in rates likely up, rather an a decrease - RBA's Kent
* Bonds rally as markets price in less than one hike next year
* Bonds rally as markets price in less than one hike next year
* Bonds rally as markets price in less than one hike next year
SYDNEY Australia's central bank has room to cut policy rates from current record lows although the next move is still likely to be an increase rather than a decrease, Deputy Governor Guy Debelle said on Thursday.
SYDNEY Australia's economy slowed more than expected last quarter as consumers reacted to tepid wage growth by shutting their wallets, a disappointing outcome that sent the local dollar sliding as investors pushed out the chance of any rate hike.
President Donald Trump's former personal lawyer Michael Cohen was sentenced to three years in prison on Wednesday for crimes including orchestrating hush payments to women in violation of campaign laws before the 2016 election and financial wrongdoing, posing potential legal and political risks to Trump.