Saturday, 28 November 2020

Tag Archives: US-China

European companies minimise risks from US-China trade war

BEIJING: European companies in China have been able to minimise the effect from the tariff war between Beijing and Washington, although some are considering relocating their businesses, the EU Chamber of Commerce said Monday. The world’s two biggest economies have been entangled in a lingering trade war for over a ...

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First phase of US-China trade deal ‘nearly complete’

WASHINGTON: US president Donald Trump declared that talks with China on the first phase of a trade deal were near completion after negotiators from both sides spoke by phone, signalling progress on an accord in the works for nearly two years. “We’re in the final throes of a very important ...

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Oil prices fell

NEW YORK: Oil prices fell on Wednesday as a possible delay in resolving the US-China trade war overshadowed a drop in US crude inventories. Brent crude was down 18 cents, or 0.3 per cent, at $61.41 a barrel by 0405 GMT after gaining 2 cents on Tuesday. US West Texas ...

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US-China trade war to keep pressure on oil markets

LONDON: The sustained US-China trade war, which saw further tariffs being announced last week by both countries, will continue to have a negative impact on the oil market, analysts said. China said it would start placing 5 to 10 per cent tariffs on over 5,000 American products worth $75 billion ...

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Oil rallies on hopes for Washington-Beijing trade deal

SYDNEY: U.S. oil prices rose on renewed optimism that a trade deal between Washington and Beijing could be struck, as investors have been fearing that a protracted tariff war would harm global economic growth. Brent crude futures were at $70.85 a barrel at 0021 GMT, up 48 cents, or 0.7 ...

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U.S. dollar falls amid rising sterling

FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico, January 15, 2018. REUTERS/Jose Luis Gonzalez/File Photo

NEW YORK: U.S. dollar fell on Monday, as investors’ growing optimism on US-China trade relations cut back on the greenback’s safe-haven demand. In late New York trading, the euro was up to 1.1312 U.S. dollars from 1.1295 dollars in the previous session. The Australian dollar fell to 0.7130 dollar from ...

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Stocks mixed amid Turkey worries, hopes for US-China trade deal

NEW YORK: Wall Street stocks finished higher on increased hopes of a resolution of the US-China trade impasse, while European stocks were pressured by worries over Turkey. US stocks, which were negative much of the morning, rallied following a midday Wall Street Journal report that Washington and Beijing were taking ...

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Asian markets bounce back on US-China trade talks

HONG KONG: Asian markets opened higher after a positive lead from Wall Street and Europe, with investors cautiously optimistic about upcoming US-China trade talks. Negotiators from Washington and Beijing will meet later this month in the first publicly announced meeting in weeks on their bitter trade dispute, which has seen ...

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