The US leader said the talks yielded an extendable one-year deal on China's supply of crucial rare earths

China exercises a virtual monopoly on so-called "rare earth" metals, essential for everything from household appliances to cars, energy and weapons

Quarterly net revenue rose 12 percent to $10.72 billion

Its Hong Kong-listed shares rose 2.2 percent in afternoon trade

The agreement was signed during Trump's visit to Japan

"We have China coming and its going to be very interesting," Trump told reporters

US President Donald Trump said he was confident of hashing out a deal with Chinese President Xi Jinping, whom he is expected to meet next week, after top economic officials from both countries reached a preliminary consensus in trade talks that concluded on Sunday.

Analysts and traders expect the bank will plough ahead with a quarter percentage-point cut

Trump would also sign a critical minerals agreement with Malaysia

The US president announced the higher tariffs in a Truth Social post

The world's two biggest economies are seeking to avoid further escalating a damaging tit-for-tat tariff war

For Bangladesh, supply disruptions of rare earths could raise global component prices

At one point Wednesday it hit a low of $4,000

The imminent investigation would consider whether US trading partners are underpaying for drugs

Australia is among the world's top five producers of lithium, cobalt and manganese

Spot gold was down 0.3% at $4,340.99 per ounce,

Russian oil has been one of the main irritants for Trump in prolonged trade talks with India

Gross domestic product in the July-September quarter expanded 4.8 percent year-on-year

Spot gold was up 0.3 percent at $4,259.34 per ounce

Experts give the credit to higher remittance earnings and export growth