TRADE WARS

News About World Trade

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EU parliament approves world's most sweeping cryptocurrency rules
Apr 20, 2023 (AFP)
EU member states have already backed the legislation covering cryptoassets, which include cryptocurrencies such as bitcoin and ethereum and other tradable token...
HSBC urges vote against split; L'Oreal sales rise despite China blemish
Apr 19, 2023 (AFP)
It comes after Ping An on Tuesday ramped up pressure over its break-up strategy that it claims is necessary to improve performance at London-based HSBC. Respond...
Markets mixed as traders enter 'defensive mode' with eyes on Fed
Apr 19, 2023 (AFP)
More or less flat results in New York offered global investors little direction, leaving them to scrutinise mixed earnings reports for major US lenders. Not eve...
Asian markets drop but pare losses after China data
Apr 18, 2023 (AFP)
The blockbuster 4.5 percent expansion, along with above-forecast retail sales, revived optimism for an economic recovery in the country after its worst performa...
HSBC's largest shareholder outlines bank break-up strategy
Apr 18, 2023 (AFP)
In a rare public statement, Chinese insurer Ping An said HSBC was lagging behind international peers and a recent improvement in performance was tied to rising ...
China's economic growth jumps 4.5% in Q1 after zero-Covid scrapped
Apr 18, 2023 (AFP)
The figures were the first snapshot since 2019 of the world's second-largest economy unencumbered by the strict health measures that helped keep the coronavirus...
Russia visit shows 'determination' to strengthen ties: Chinese minister
Apr 18, 2023 (AFP)
The visit comes after President Vladimir Putin received Chinese leader Xi Jinping last month in Moscow for a summit showing the nations' united front against th...
EU chief urges leaders not to let China divide bloc
Apr 18, 2023 (AFP)
Macron triggered a firestorm following a trip to China by asserting that Europe should not automatically follow US policy on Taiwan and should avoid "crises tha...
China's economy expected to rebound as zero-Covid era fades
Apr 16, 2023 (AFP)
The Asian giant's virus containment policy -- an unstinting regime of strict quarantines, mass testing and travel curbs -- strongly constrained normal economic ...
Brazil's Lula meets Xi in Beijing after lashing out at US dollar, IMF
Apr 14, 2023 (AFP)
The veteran leftist, whose government recently announced a deal with Beijing to trade in their own currencies -- ditching the dollar as an intermediary -- is in...
Stocks rally, dollar dips further on easing rate expectations
Apr 14, 2023 (AFP)
The surprise on-month drop in producer prices in March -- the biggest since April 2020 -- came a day after the consumer price index dropped more than expected, ...
Xi tells Lula China's development will create opportunities for Brazil
Apr 14, 2023 (AFP)
Lula's visit to his country's top trading partner has focused on strengthening those connections, as well as spreading the message that "Brazil is back" as a ke...
China exports rise for first time in 6 months: customs data
Apr 13, 2023 (AFP)
The 14.8 percent surge in overseas shipments marked the first since September, according to the General Administration of Customs, and will provide a boost to h...
Most Asian markets drop after recession warning, rate hike seen
Apr 13, 2023 (AFP)
A smaller-than-forecast rise in prices last month provided some much-needed hope to investors that a year of monetary tightening was finally showing results, bu...
IMF chief urges world to avoid a 'second Cold War'
Apr 13, 2023 (AFP)
"I am among those who know what are the consequences of a Cold War: it is loss of talent and contribution to the world," Kristalina Georgieva said during a pres...
Uniqlo operator upgrades forecast on China demand
Apr 13, 2023 (AFP)
For the six months to February, sales surged 20.4 percent to 1.46 trillion yen, while operating profit climbed 16.4 percent to 220 billion yen, the retailer sai...
Brazil's Lula looks to build China economic ties on state visit
Apr 13, 2023 (AFP)
Dilma Rousseff, a former leader of Brazil, was inaugurated as the president of the BRICS New Development Bank (NDB) in Shanghai on Thursday morning. The bank wa...
Yellen urges further World Bank reforms this year
Apr 12, 2023 (AFP)
The revamp of the bank comes amid pushes for it to meet global challenges such as climate change. "We should use the rest of the year to undertake additional re...
IMF warns of growing global debt fueled by US, China
Apr 12, 2023 (AFP)
China and the United States are responsible for the vast majority of the expected debt increase over the next five years, the head of the IMF's Fiscal Affairs d...
World Bank members endorse moves to boost lending by $50bn over decade
Apr 12, 2023 (AFP)
The move, announced during the International Monetary Fund (IMF) and World Bank spring meetings in Washington, is part of an ongoing evolution of the developmen...
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