TRADE WARS

News About World Trade

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Markets rally despite China's youth unemployment soaring to 18.8 percent
Sep 21, 2024 (AFP)
The unemployment rate among 16- to 24-year-olds not in education rose from 17.1 percent in July, according to figures released by the National Bureau of Statist...
Christie's expands Hong Kong footprint in hope of art market 'pickup'
Sep 20, 2024 (AFP)
Christie's is the third major auction house in recent years to expand their footprint in the Chinese finance hub in a bid to woo younger Asian buyers, following...
Asian markets track Wall Street record to extend global rally
Sep 20, 2024 (AFP)
Traders have been put in a bullish mood by the Federal Reserve's decision to go big on its first reduction since the start of the Covid pandemic -- opting for 5...
Equity markets rally after jumbo US rate cut
Sep 19, 2024 (AFP)
After a keenly awaited meeting, the US central bank decided to lower borrowing costs for the first time since the start of the pandemic by opting for a half-poi...
Cash-strapped Sri Lanka eyes China development
Sep 18, 2024 (AFP)
The strategically located Indian Ocean country suffered its worst financial meltdown in 2022, when it ran out of dollars to import essentials, sparking street p...
Asian markets fluctuate on uncertainty over Fed rate plan
Sep 18, 2024 (AFP)
While the US central bank is widely expected to cut borrowing costs for the first time since the start of the pandemic, the big question is whether officials wi...
Yen strengthens to less than 140 per dollar ahead of Fed decision
Sep 16, 2024 (AFP)
The Japanese unit hit 139.96 to the greenback, its strongest level since July 2023, as traders assess the US central bank's plans for rates, with debate centrin...
Markets fluctuate ahead of Fed as China woes dent sentiment
Sep 16, 2024 (AFP)
The yen strengthened to less than 140 to the dollar for the first time since mid-2023 ahead of the Federal Reserve decision on Wednesday -- and a policy meeting...
Amazon orders workers back to office full-time
Sep 16, 2024 (AFP)
Like many tech giants, Amazon had allowed workers to stay at home during the Covid-19 pandemic and has struggled to get them to come back into the office full-t...
China retail sales, industrial production slow in August; Midea set for bumper Hong Kong IPO
Sep 14, 2024 (AFP)
More than a year and a half since abolishing strict Covid-19 measures that had dampened activity, the world's second-largest economy has yet to achieve a highly...
Cash-strapped Maldives says no need for IMF bailout
Sep 14, 2024 (AFP)
Foreign minister Moosa Zameer said the Indian Ocean archipelago, best known for its upscale resorts and celebrity visitors, was pressing ahead with tax hikes to...
China bans PwC for six months over Evergrande audit
Sep 13, 2024 (AFP)
The moves by Chinese regulators mark the latest development in a crackdown on PwC for its work with Evergrande, which has become emblematic of a protracted debt...
China appliance maker Midea set for bumper Hong Kong IPO
Sep 13, 2024 (AFP)
Midea priced its shares at the top of the range indicated in its prospectus, at HK$54.80 (US$7), the firm said in a filing to the Hong Kong stock exchange. It a...
Most markets rise as traders gear up for Fed rate cut
Sep 13, 2024 (AFP)
More data suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for equities after another rollercoaster week that star...
Chile's biggest steelworks sunk by cheap Chinese imports
Sep 13, 2024 (AFP)
For generations life in Talcahuano, a city of 160,000 inhabitants around 500 kilometers (310 miles) south of Santiago, has revolved around the emblematic Huachi...
US finalizes sharp tariff hikes on Chinese EVs, other goods
Sep 13, 2024 (AFP)
The White House announced the steep tariff increases in May, targeting key sectors including EVs, semiconductors, batteries and solar cells -- drawing a fiery r...
Most Asian markets rise as traders gear up for Fed rate cut
Sep 13, 2024 (AFP)
More data suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for equities after another rollercoaster week that star...
US moves to curb 'trade loophole' over China worries as sharp tariff hikes finalized
Sep 13, 2024 (AFP)
Under a new regulatory effort, US officials will be seeking to disqualify certain products from this trade exemption -- a move that could impact Chinese textile...
Markets rally with Wall St after US inflation eases further
Sep 12, 2024 (AFP)
The much-anticipated consumer price index allowed investors to breathe a sigh of relief after a tough couple of weeks that have been filled with worries about t...
China's Xi to attend BRICS summit in Russia: foreign minister
Sep 12, 2024 (AFP)
The summit of emerging economies will be held from October 22 to 24 in the southwestern Russian city of Kazan, in what the Kremlin hopes will be a chance to exp...
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