Tag: trade tensions

• Monday, August 31st 2020 - 09:34 UTC

  World Trade Organization in disarray and leaderless, as Azevedo steps down

  

  As Roberto Azevedo leaves the World Trade Organisation (WTO) this Monday, the institution faces multiple crises without a captain - a situation experts warn could drag on for months.

• Saturday, May 9th 2020 - 08:54 UTC

  Brazil's Real recovers slightly on commodities market optimism

  

  Brazil's Real firmed for the first time this week, bouncing from last session's all-time lows, while most other Latin American currencies also strengthened on Friday on signs of easing tensions between the United States and China.

• Tuesday, November 5th 2019 - 09:36 UTC

  Xi calls on the world “to tear down the walls” of protectionism and unilateralism

  

  President Xi Jinping on Tuesday pledged to further open China's economy, declaring the world must “tear down walls” as he opened an annual trade fair in Shanghai.

• Thursday, September 5th 2019 - 09:35 UTC

  Chile's central bank slashes benchmark interest rate to 2% to prop economy

  

  Chile’s central bank slashed the benchmark interest rate by 50 basis points to 2% on Tuesday, the lowest in 9 years, citing a sputtering economy hurt by global trade tensions.

• 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.

• Thursday, May 16th 2019 - 09:41 UTC

  Xi promises a far more open China to the world, despite the trade dispute with US

  

  Chinese President Xi Jinping has pledged that his country will be even more open to the world and debunked the notion of a “clash of civilization ”, even as his country remains mired in a trade war with the United States.