TRADE WARS

News About World Trade

7,281 articles

China urges banks to back property after boycotts; China banks to repay more customers
Jul 18, 2022 (AFP)
Furious at postponed deliveries of pre-sold homes, unclear delivery times and halted construction, homebuyers were last week reported to have halted payments fo...
Asian markets track Wall St higher on easing recession fears
Jul 18, 2022 (AFP)
Speculation that Saudi Arabia will lift oil production after Joe Biden's visit last week also provided some relief as crude prices -- a key driver of inflation ...
Luxury giant Richemont says sales up despite China dip
Jul 15, 2022 (AFP)
Global sales in the period April to June topped 5.2 billion euros (dollars), the group said in a statement, even as China rolled out fresh lockdowns in a bid to...
Asian stocks mixed as recession fears grow, China data disappoints
Jul 15, 2022 (AFP)
Below-par earnings from Wall Street titans JP Morgan and Morgan Stanley compounded worries that companies' bottom lines would be hit by the economic fallout fro...
China growth falls to two-year low on Covid, property woes
Jul 15, 2022 (AFP)
Beijing has dug its heels in on a zero-Covid policy of stamping out virus clusters with snap lockdowns and long quarantines, but this has battered businesses an...
Chinese homebuyers halt mortgage payments on unfinished projects
Jul 14, 2022 (AFP)
Authorities launched a crackdown on excessive debt in the property sector in 2020, and giants such as Evergrande and Sunac have since struggled to make payments...
Asian markets swing as US inflation spike leaves mixed feelings
Jul 14, 2022 (AFP)
The keenly awaited consumer price index came in at a blistering 9.1 percent in June, the highest since November 1981, as energy costs continued to rocket on the...
Asian markets swing as US inflation spikes see rate hike bets soar
Jul 14, 2022 (AFP)
The keenly awaited consumer price index came in at a blistering 9.1 percent in June, the highest since November 1981, as energy costs continued to rocket on the...
India accuses China's Oppo of evading $551 mn in import tax
Jul 13, 2022 (AFP)
India's Directorate Of Revenue Intelligence (DRI) found evidence that Oppo wrongfully used duty exemptions for items imported for use in mobile phone production...
China growth slumps on virus lockdowns, real estate woes: poll
Jul 13, 2022 (AFP)
Leaders of the world's second-biggest economy remain firmly wedded to a zero-Covid approach of stamping out clusters as they emerge, but the fallout has sapped ...
China exports jump on easing virus rules but imports slump
Jul 13, 2022 (AFP)
Business hub Shanghai reopened in June after being sealed off for two months to stamp out a coronavirus resurgence, helping to improve a backlog of goods. But C...
Asian stocks, crude bounce from losses but recession fears linger
Jul 13, 2022 (AFP)
The euro clawed its way back slightly after hitting parity with the dollar for the first time in two decades, though it remains under pressure from growing conc...
China to stop testing some imports for Covid
Jul 13, 2022 (AFP)
The last major economy committed to stamping out domestic spread of the virus, China has swabbed and disinfected overseas shipments since 2020 and has often bla...
Stocks fall, euro nears dollar parity as recession fears build
Jul 12, 2022 (AFP)
Worries about a Covid flare-up in China -- fuelling fears of more lockdowns -- added to the downbeat mood, just as investors prepare for a week of data and earn...
China banks to repay some customers after mass protests
Jul 12, 2022 (AFP)
China's rural banking sector has been hit hard by Beijing's efforts to rein in a property bubble and spiralling debt, in a financial crackdown that has had ripp...
China lockdown worries hit Asian equity, crude markets
Jul 11, 2022 (AFP)
The news came after a forecast-busting US jobs report last week indicated the world's top economy was coping so far with the Federal Reserve interest rate hikes...
Australia reports no progress on China trade sanctions
Jul 09, 2022 (AFP)
Prime Minister Anthony Albanese described a meeting between the two countries' foreign ministers the previous day -- the first since 2019 -- as "just a first st...
Blinken says talks with Chinese FM 'useful, candid and constructive'
Jul 09, 2022 (AFP)
"Despite the complexities of our relationship, I can say with some confidence that our delegations found today's discussions useful, candid and constructive," B...
Australia seeks end to trade rows in China meeting
Jul 08, 2022 (AFP)
Foreign Minister Penny Wong said she aimed to "stabilise" relations when she meets with Chinese Foreign Minister Wang Yi later in the day on the sidelines of a ...
Asian stocks up as recession fears ease, yen rises after Abe shooting
Jul 08, 2022 (AFP)
The safe-haven yen also picked up following news of Japan's former prime minister Shinzo Abe being shot during a campaign rally. He is still fighting for his li...
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