Tag Archives: trade

Israel, Hamas trade heavy fire after deadly incursion

Israel, Hamas trade heavy fire after deadly incursionGAZA CITY, Gaza Strip (AP) — Palestinian militants bombarded Israel with dozens of rockets and mortar shells Monday, while Israeli warplanes struck targets throughout the Gaza Strip in what appeared to be the most intense exchange of fire since a 2014 war.



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China's yuan hits decade low on trade, economy fears

China's yuan hits decade low on trade, economy fearsThe Chinese yuan weakened to a decade low on Tuesday on concerns over China’s slowing economy and the US trade war, but Beijing was expected to prevent it breaking the psychologically important 7 yuan per dollar barrier. Breaking 7 could further undermine market confidence and potentially trigger fresh US accusations that China was allowing the yuan to weaken to blunt the impact of tariffs that Washington has imposed on Chinese goods. A weaker yuan makes Chinese exports less expensive overseas, ameliorating some of the higher costs brought by the tariffs.



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Asian markets mixed on strong Chinese trade data

Asian markets mixed on strong Chinese trade dataSINGAPORE (AP) — Asian stocks were mixed on Friday as better-than-expected Chinese trade data gave some markets a breather from worries about the impact of punitive tariffs.



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Donald Trump Calls Media 'Loco' While Discussing U.S.-Mexico Trade Deal

Donald Trump Calls Media 'Loco' While Discussing U.S.-Mexico Trade DealPresident Donald Trump on Monday called the press "loco" — Spanish for



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China tells U.N. it will not be 'blackmailed' or yield to trade pressure

China tells U.N. it will not be 'blackmailed' or yield to trade pressureThe Chinese government’s top diplomat Wang Yi said on Friday Beijing would not be blackmailed or yield to pressure over trade and criticized unilateral moves by some states that China believes would bring harm to all.



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China tells U.N. it will not be 'blackmailed' or yield to trade pressure

China tells U.N. it will not be 'blackmailed' or yield to trade pressureThe Chinese government’s top diplomat Wang Yi said on Friday Beijing would not be blackmailed or yield to pressure over trade and criticized unilateral moves by some states that China believes would bring harm to all.



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China denies Hong Kong port visit for U.S. navy ship amid trade tensions

China denies Hong Kong port visit for U.S. navy ship amid trade tensionsHONG KONG/BEIJING (Reuters) – China has denied a request for a U.S. warship to visit Hong Kong, the U.S. consulate in the Chinese city said on Tuesday, amid rising tension between Beijing and Washington over trade and a U.S. decision to sanction the Asian nation’s military. The amphibious assault ship Wasp had been due to make a port call in the former British colony of Hong Kong in October, diplomatic sources said. “The Chinese Government did not approve a request for a U.S. port visit to Hong Kong by the USS Wasp,” a consulate spokeswoman said.



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Equities slide as US and China trade blows

Equities slide as US and China trade blowsAsian and European stocks slid Monday as US tariffs on another $ 200 billion of Chinese imports took effect, clouding the global economic outlook as the trade war reached a fever pitch.



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WTO eyes China bid to slap stiff trade sanctions on US

WTO eyes China bid to slap stiff trade sanctions on USA World Trade Organization arbitrator will review Friday a Chinese request to impose more than $ 7 billion (nearly 6 billion euros) in annual sanctions on the United States over anti-dumping practices, a Geneva trade official said. The decision to appoint an arbitrator was reached during a special meeting of the WTO Dispute Settlement Body convened to discuss developments in a five-year-old trade dispute between the world’s top two economies. Beijing had already warned earlier this month that it planned to ask the global trade body during the meeting for permission to impose $ 7.04 billion in annual trade sanctions on Washington in the case.



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Russia says US is trying to 'squeeze out' competitors in the global arms trade

Russia says US is trying to 'squeeze out' competitors in the global arms tradeMoscow has accused the US of trying to “squeeze out” competitors in the global arms trade, after Washington imposed sanctions on China for buying Russian fighter jets. The US on Thursday blacklisted 33 Russian nationals and three entities in a new round of sanctions over Russia’s interference in the 2016 election. One of the companies was an aircraft-making factory in Russia’s Far East.



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