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Saturday, September 21, 2019

Tag: trade tensions

Wall Street stocks tumble on worsening US-China trade war

About 20 minutes into trading, the Dow Jones Industrial Average was down about 500 points, or 1.9%, at 25,983.81.

IMF downgrades world growth, warns of ‘precarious’ 2020

The IMF urge countries to avoid using tariffs to resolve their differences.

China’s growth slides to weakest pace in almost 30 years

The slowdown underlines the pressure that Chinese policymakers face as they attempt to negotiate a deal with the US.

Asian shares slip, gold gains as Trump-Xi trade jitters build

There are still doubts whether talks between US President Donald Trump and Chinese President Xi Jinping will produce progress on trade tensions.

Trade war threatens best emerging-market bond gain in decade

Investors are optimistic after the Federal Reserve signal it was ready to cut interest rates, and the European Central Bank indicate more stimulus may be on the way.

IMF’s Lagarde urges G20 to prioritise resolving trade tensions

IMF's Christine Lagarde is calling the G20 group to prioritise on solving trade war tensions as it could be risky to the global economic growth.

Wall Street slides as trade tensions fuel growth fears

Growing fears are sending investors to the safety of government bonds as trade tensions between the United States and China escalate further.

US official: Pentagon chief to meet with Chinese counterpart in Singapore

Acting US Defense Secretary Patrick Shanahan plans to meet with his Chinese counterpart next week at a regional security conference in Singapore.

OECD cuts global growth forecast over trade, Brexit uncertainty

The OECD lowered its forecast to 3.3% for this year, down from the 3.5% it predicted in November, which was itself a downgrade from a previous 3.7%.

IMF warns trade confrontations, uncertainty threaten global growth

Several major economies saw sharp downgrades to the GDP estimates, including Germany, Italy and Mexico.

Trump, Xi set for `big meeting’ as investors await trade truce

Any easing of tensions on trade could ease gains in the US dollar and boost riskier assets including emerging-market currencies and stocks.

China tells Pompeo US must stop ‘misguided actions’

The two diplomats had warmer words regarding efforts to curb North Korea's nuclear ambitions.

Tokyo shares end higher on easing trade fears

Reports on Wednesday said US Treasury Secretary Steven Mnuchin had proposed a fresh round of trade talks with Beijing to tackle problems before the Trump administration slaps more tariffs on Chinese imports.

Nikkei falls to 3-month low; banks, inbound tourism stocks weaken

Trade tensions between the US and China frightened investors, while shares of banks and firms that benefit from inbound tourism languished.

China’s Xiaomi says American ties to smooth US push amid trade...

Senior Vice President Wang Xiang told Reuters that the US market was "very attractive" and that Xiaomi was adding engineering resources to develop handsets that are compatible with US cellphone networks.

European shares retreat on trade tensions

Trade tensions between the US and China hampered the value of European shares.

Singapore PM says China, US should not increase trade tensions

Lee says the consequences for the world could be catastrophic if trade tensions between China and the United States increased.