TRADE WARS

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7,281 articles

Bankrupt Sri Lanka asks citizens abroad to send home cash
Apr 13, 2022 (AFP)
The island nation is in the grip of its worst economic crisis since independence in 1948, with severe shortages of essential goods and regular blackouts causing...
Crisis-hit Sri Lanka defaults on foreign debt
Apr 12, 2022 (AFP)
Acute food and fuel shortages, as well as long daily electricity blackouts, have brought widespread suffering to the country's 22 million people in the most pai...
Markets mostly down ahead of key US data
Apr 12, 2022 (AFP)
Tokyo closed down by nearly two percent, though Hong Kong was up more than one percent by the end of trade. Shanghai also posted gains, while Seoul, Taipei, Syd...
Oil market sinks on China demand fears
Apr 11, 2022 (AFP)
In afternoon deals, US benchmark oil West Texas Intermediate dived as low as $92.93 per barrel and European Brent hit $97.57. "It is above all the bad news from...
China factory inflation higher than expected as oil prices bite
Apr 11, 2022 (AFP)
The producer price index (PPI) -- measuring the cost of goods at the factory gate -- grew 8.3 percent on-year, National Bureau of Statistics (NBS) figures showe...
EU seeks unity amid calls for fresh sanctions on Russia
Apr 11, 2022 (AFP)
"Nothing is off the table, including sanctions on oil and gas," Josep Borrell, the European Union's top diplomat, told reporters after the meeting. "But today, ...
Asian markets struggle to track Wall St on hawkish Fed
Apr 08, 2022 (AFP)
The region struggled to take a lead from Wall Street, which recovered from steep intraday losses to end on a positive note, having plunged in previous sessions ...
Shanghai lockdown snarls world's busiest port and China supply chains
Apr 08, 2022 (AFP)
Beijing has refused to tack away from its strict zero-Covid strategy that has protected its public health system through the pandemic but at a mounting economic...
Asian markets track Wall St gains, traders wary of hawkish Fed
Apr 08, 2022 (AFP)
After a slow start, the region managed to take the lead from Wall Street, which recovered from steep intra-day losses to end on a positive note, having plunged ...
Asian markets track Wall St down with Fed set to tighten screws
Apr 07, 2022 (AFP)
The eagerly awaited summary dealt another blow to traders, who have grown increasingly concerned that officials will not be able to rein in 40-year-high inflati...
Asia tracks Wall St losses as Fed prepares to tighten screws
Apr 07, 2022 (AFP)
The eagerly awaited summary dealt another blow to traders, who have grown increasingly concerned that officials will not be able to rein in 40-year-high inflati...
G7 countries agree new economic sanctions against Russia
Apr 07, 2022 (AFP)
G7 leaders agreed to ban "new investments in key sectors of the Russian economy, including the energy sector", they said in a statement. Bans on the export of c...
Germany warns against over-reliance on China trade
Apr 06, 2022 (AFP)
"My concern is that... we have a strong economic inter-connectedness with China," Lindner said in an interview with Die Zeit weekly. "We need to diversify inter...
Asian markets track Wall St retreat on hawkish Fed bets
Apr 06, 2022 (AFP)
While the Ukraine war continues to cast a shadow across trading floors, Fed monetary policy is at the top of the agenda this week as investors fret over how qui...
Oil extends rally on Russia sanctions bets, stocks wobble
Apr 05, 2022 (AFP)
European Union officials were discussing new measures against Moscow after reports -- denied by the Kremlin -- that troops had executed civilians. Among the pun...
Beijing eyes cooperation with US on audits of Chinese firms
Apr 02, 2022 (AFP)
The announcement by the securities watchdog comes after Washington said Chinese firms could be delisted in the United States by 2024 if they do not comply with ...
India and Nepal restore rail links, agree on energy projects
Apr 02, 2022 (AFP)
Nepal has traditionally done a balancing act between New Delhi and Beijing, but analysts believe Indian influence over Kathmandu has been dwindling as China pou...
China denies working to circumvent Russia sanctions
Apr 02, 2022 (AFP)
In the clearest indication yet of Beijing's position on the matter, a foreign ministry official told reporters: "We are not doing anything deliberately to circu...
EU warns China against backing Russia's Ukraine war
Apr 01, 2022 (AFP)
The EU and US worry that Beijing's failure to condemn the invasion means it could be willing to help the Kremlin sidestep the impact of sanctions or even supply...
Asian markets fall further and oil extends steep losses
Apr 01, 2022 (AFP)
And oil extended a sell-off following Thursday's plunge in response to news that the United States would release a million barrels a day from its reserves as it...
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