TRADE WARS

News About World Trade

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Decoupling from China 'an illusion', French finance minister says
Jul 30, 2023 (AFP)
"We are totally opposed to the idea of decoupling. Decoupling is an illusion," Finance Minister Bruno Le Maire told reporters at the French embassy. "There is n...
Japan presses Sri Lanka to secure China debt deal
Jul 29, 2023 (AFP)
Tokyo's foreign minister Yoshimasa Hayashi welcomed economic reforms under the auspices of an International Monetary Fund bailout but said Sri Lanka needed to p...
Yen swings after Bank of Japan policy tweak, Asian equities mixed
Jul 28, 2023 (AFP)
After a closely watched meeting, the Bank of Japan said it would allow "greater flexibility" in government bond markets, having allowed them to move in a tight ...
Recovering China sales boost profits at Prada
Jul 27, 2023 (AFP)
Net profits soard 62 percent from the same period last year to 305 million euros ($335 million), while revenue rose 17 percent to 2.23 billion euros, driven by ...
Pakistan granted rollover on $2.4bn Chinese loan: minister
Jul 27, 2023 (AFP)
Soaring inflation, shrinking dollar reserves and crippling foreign debt led Pakistan to the brink of default before a pivotal $3 billion IMF bailout was granted...
Markets mixed as Fed rate decision looms, China rally fades
Jul 26, 2023 (AFP)
Regional equities surged Tuesday in response to Beijing's pledges of stimulus, particularly the property sector, after a string of readings showed the post-Covi...
Nicaragua says concludes free trade talks with China
Jul 25, 2023 (AFP)
"We thank God for the good news that we have achieved the substantial conclusion of the negotiations," Laureano Ortega Murillo, presidential adviser on trade an...
China appoints new central bank governor as economy flags
Jul 25, 2023 (AFP)
Economist Pan Gongsheng will take the place of outgoing central bank governor Yi Gang, the official Xinhua News Agency said. Yi has headed the People's Bank of ...
China stimulus hopes help boost stock markets, Fed in focus
Jul 25, 2023 (AFP)
With data in recent months showing growth stuttering and business activity slowing, Beijing has come under pressure to provide much-needed support, particularly...
IMF raises 2023 economic outlook but warns of slowing global growth
Jul 25, 2023 (AFP)
But despite the mildly better economic forecast, growth is expected to slow to three percent in 2023 and then stay there, held down by weak growth among the wor...
Blinken expects to 'work well' with new Chinese foreign minister; US commerce chief to visit despite hacking
Jul 25, 2023 (AFP)
"I've also known Wang Yi for more than a decade. I've met with him repeatedly," Blinken said in reference to the new top diplomat. "I anticipate being able to w...
Top Chinese leaders say economy 'facing new difficulties'
Jul 24, 2023 (AFP)
The country's highest-ranking officials gather annually at the end of July to review the economic situation before their traditional summer break in August. Thi...
Markets fluctuate as US jobs data knocks rate hopes
Jul 21, 2023 (AFP)
Investors have largely been on the back foot since Monday, when Beijing announced a big miss on second-quarter growth that indicated the post-Covid recovery had...
Chinese mortgage strikers despair as unfinished homes stay stalled
Jul 20, 2023 (AFP)
He is one of many victims of a long-running housing crisis still wreaking misery on the lives of homebuyers, many of whom have little legal recourse on what has...
Congress probes US companies' Chinese investments
Jul 20, 2023 (AFP)
The House Select Committee on the Chinese Communist Party has written to GGV Capital, GSR Ventures, Qualcomm Ventures and Walden International, seeking details ...
US, Japan, South Korea to hold summit in August: Seoul
Jul 20, 2023 (AFP)
Relations between Pyongyang and Seoul are at one of their lowest points ever, with diplomacy stalled and North Korean leader Kim Jong Un calling for increased w...
Markets mixed as rate hopes play against China fears
Jul 20, 2023 (AFP)
The mood across trading floors has been generally positive of late, with last week's news that US inflation had slowed more than expected coming alongside healt...
Most markets track Wall St rally but China weighs on optimism
Jul 19, 2023 (AFP)
Another batch of forecast-topping earnings in New York added to the upbeat mood as the corporate earnings season gets under way, though worries over China's gro...
Divided G20 split over Ukraine, slow progress on debt
Jul 18, 2023 (AFP)
Many countries are still recovering from the coronavirus pandemic and drastic commodity price surges triggered by Russia's invasion of Ukraine, while climate ch...
China property giant Evergrande loses $113 billion over two years
Jul 17, 2023 (AFP)
The loss showed "the existence of material uncertainties that may cast significant doubt on the Group's ability to continue as a going concern", Evergrande said...
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