Chinese Premier's promises come a day after Washington ratchets up pressure in trade war
19 Sep 2018 6:57am GMT
Analysts expect three to four more rises before end of 2019 - but question is when
19 Sep 2018 5:30am GMT
NEW YORK/LONDON (Reuters) - Gold prices turned negative on Tuesday as the dollar strengthened following news that China would retaliate against a new round of U.S. tariffs on its goods. U.S. Treasuries also rose, helping boost the dollar but pressuring gold. China said that it had no choice but to retaliate against new U.S. trade tariffs, raising the risk that U.S. President Donald Trump could soon impose duties on virtually all Chinese goods that America buys.
19 Sep 2018 5:12am GMT
Trade associations support pushing Beijing to open markets but say tactics 'ineffective'
19 Sep 2018 4:03am GMT
China is not afraid of "extreme measures" the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localisation and accelerate the development of high-tech products, state media said. The world's two largest economies dove deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for U.S. President Donald Trump's planned levies on $200 billion worth of Chinese goods. "To deal with the trade war, what China really should do is to focus on doing its own thing well," the People's Daily said.
19 Sep 2018 12:43am GMT
Brazil could face a diesel shortage at the end of 2018 as a result of the government's mispriced subsidy program which has discouraged suppliers, and the state-controlled oil company Petroleo Brasileiro SA may be forced to sell diesel at a loss, broker INTL FCStone said on Tuesday. Brazil's oil industry regulator ANP said it approved the payment of 871.5 million reais to Petrobras on Tuesday to compensate for the diesel subsidy.
18 Sep 2018 11:38pm GMT
Global Economy