TRADE WARS - AFRICA DAILY

China names reform-minded Yi Gang to lead central bank

Mar 19, 2018 (AFP)

Yi, who taught at Indiana University before returning to China, was the only nominee for the governor post ahead of a vote by the rubber-stamp National People's...

IMF chief warns 'no winners' in trade wars

Mar 18, 2018 (AFP)

"Trade wars leave no winners," she said in the interview with Argentine daily La Nacion, responding to a question about President Donald Trump's decision to sla...

EU readies tax on US tech titans

Mar 16, 2018 (AFP)

The move is aimed at recovering billions from multinationals that divert European earnings to low-tax countries, and opens a new front in an offensive by Brusse...

'Superman': Hong Kong's richest tycoon Li Ka-shing

Mar 16, 2018 (AFP)

The billionaire earned the nickname "Superman" for his business acumen and was so influential in Hong Kong that islanders joked he could prevent typhoons from h...

At G20, US seeks 'like-minded' countries, As Trump eyes China tarrifs

Mar 15, 2018 (AFP)

Talks in Buenos Aires between the world's largest advanced and emerging economies will occur amid raw tensions over President Donald Trump's increasingly confro...

China's industrial output posts strong start to 2018

Mar 14, 2018 (AFP)

Output at factories and workshops expanded 7.2 percent year-on-year in January and February combined, the National Bureau of Statistics (NBS) said, beating the ...

China unloads Blackstone stake amid Trump trade tension

Mar 14, 2018 (AFP)

Blackstone said in an annual report released earlier this month that China Investment Corp (CIC) had recently unloaded the stake that it first began to acquire ...

US proposes WTO reforms likely targeting China

Mar 14, 2018 (AFP)

President Donald Trump's envoys to the Geneva-based trade body have circulated a document, dated March 12, that aims to address "the chronic low level of compli...

Trump planning new tariff crackdown on China

Mar 14, 2018 (AFP)

The White House is currently eyeing a hundred different Chinese products, a person with knowledge of internal discussions told AFP, stressing that the dollar va...

US orders compliance overhaul at Industrial and Commercial Bank of China

Mar 13, 2018 (AFP)

The consent order came after an exam by the Federal Reserve Bank of New York found "significant deficiencies" at the branch in detecting and preventing illicit ...

China rejects Canadian accusation of steel dumping

Mar 13, 2018 (AFP)

Prime Minister Justin Trudeau said Monday that Canada was "very concerned" about actions taken by China and that his country has already taken steps to prevent ...

China to merge banking, insurance regulators in massive overhaul

Mar 13, 2018 (AFP)

The sweeping changes were presented to the National People's Congress two days after President Xi Jinping tightened his grip on power with the legislature's app...

Canada's Trudeau accuses China of 'dumping' steel on global markets

Mar 12, 2018 (AFP)

"We are very concerned about the actions taken by China and the dumping of steel and aluminum on the global market," Trudeau said following a tour of an aluminu...

China says still talking with US on trade

Mar 11, 2018 (AFP)

President Xi Jinping's top economic advisor, Liu He, held trade discussions with US officials at the White House earlier this month but the meetings yielded few...

China can be more 'courageous' in opening: central banker

Mar 09, 2018 (AFP)

"Now that we have entered a new stage, we can be more courageous in opening our market to the outside world," said Zhou Xiaochuan, governor of the People's Bank...

Trump signs sweeping tariffs, sparking outrage, trade war fears

Mar 09, 2018 (AFP)

Signaling a sharp departure from a decades-long US-led drive for more open and less regulated trade, Trump declared that America had been "ravaged by aggressive...

For Trump's numbers, close enough is frequently good enough

Mar 09, 2018 (AFP)

The latest example came as he announced negotiations were underway between Washington and Beijing to reduce the soaring US trade deficit with China -- with Trum...

Allies, rivals alike hit out at Trump trade tariffs

Mar 09, 2018 (AFP)

Close ally Japan warned the tariffs of 25 percent on imported steel and 10 percent on aluminium "could have a grave impact on the economic relationship" between...

Trump tariffs chip away at world's free trade credo

Mar 09, 2018 (AFP)

But cracks in the belief that free trade is best had been visible even before the US President pulled the trigger on steel and aluminium tariffs, and institutio...

Embattled White House promises quick tariff decision

Mar 08, 2018 (AFP)

Administration big guns Commerce Secretary Wilbur Ross and Treasury Secretary Steve Mnuchin rushed to the cameras to calm market jitters over proposed steel and...