Tag: global trade

• Friday, September 6th 2019 - 09:50 UTC

  Fed estimates US/China trade war could cost US$ 850bn in lost global trade

  

  Trade policy uncertainty driven by the Trump administration's escalating dispute with China means hundreds of billions of dollars in lost U.S. output and as much as US$850 billion lost globally through early next year, research published this week by the Federal Reserve suggests.

• Wednesday, August 28th 2019 - 10:04 UTC

  Chile announces US$ 600 million stimulus package to counter mining downturn

  

  Chile's finance minister announced on Monday US$ 600 million in additional stimulus to kick-start the top copper producer's sputtering economy, which has suffered from a downturn in mining and global trade tensions.

• Saturday, June 8th 2019 - 07:42 UTC

  Putin and Xi call for a rethinking of the US dollar role in global trade

  

  China's Xi Jinping and Russia's Vladimir Putin hit back at US global economic dominance on Friday as they took the stage together at Russia's showcase business forum.

• Thursday, April 18th 2019 - 09:40 UTC

  China's growth stabilizes 6.4% year-on-year in first quarter

  

  The growth of the Gross Domestic Product (GDP) in China stabilized 6.4% year-on-year in the first quarter of 2019, despite falling global demand and the trade war with the United States. The figure was announced on Wednesday by the National Bureau of Statistics (BNS), along with other rather optimistic indicators on the health of the world's second largest economy.

• Wednesday, April 10th 2019 - 09:58 UTC

  “My trade wars aren't finished yet”, Trump warns IMF and World Bank spring meetings

  

  
United States president Donald Trump is sending a clear message to the economic policymakers gathering in Washington for the IMF and World Bank's spring meetings: My trade wars aren't finished yet and a weakening global economy will just have to deal with it.

• Wednesday, April 10th 2019 - 09:07 UTC

  China pledges to further open its economy in strategic talks with the EU

  

  China on Tuesday said it would push further to open its economy and deepen ties with the EU, which has grown increasingly wary of Beijing's influence in Europe. EU Council president Donald Tusk hailed Beijing's new commitments at an EU-China summit in Brussels as a “breakthrough” with both sides committed to globalization and pursuing international rules.

• Monday, March 18th 2019 - 08:36 UTC

  Chinese president Xi on state visits to Italy , Monaco and France

  

  Chinese President Xi Jinping will travel to Italy, Monaco and France this week, the foreign ministry said on Monday, with Rome expected to join his global trade infrastructure program despite reservations in other European countries.

• Thursday, February 14th 2019 - 10:03 UTC

  Global commodity trading firms investigated in Switzerland and by the FBI

  

  Pressure is growing on global commodity trading firms with strong ties to Switzerland for their alleged involvement in the “Car Wash” corruption scandal in Brazil. The US Federal Bureau of Investigation is investigating two Vitol executives in the Americas, according to Reuters news agency.

• Saturday, November 3rd 2018 - 07:47 UTC

  Argentina, Japan and EU supporting US drive for greater transparency at WTO

  

  Argentina, Costa Rica, Japan and the European Union are supporting a U.S. drive to enforce greater transparency and discipline at the World Trade Organization, an updated proposal published by the WTO showed on Friday.

• Thursday, October 11th 2018 - 08:23 UTC

  US charges Chinese spy for economic espionage and stealing aviation secrets

  

  United States Justice Department said on Wednesday it had arrested and indicted a spy for China’s Ministry of State Security on charges of economic espionage and attempting to steal trade secrets from several U.S. aviation and aerospace companies.