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BEIJING (AP): China on Friday (Feb 21) suspended more punitive tariffs on imports of US industrial goods in response to a truce in its trade war with Washington that threatened global economic growth.
The United States is deploying drones and other technology as it scours for potential rare-earths reserves at home and abroad to wean the nation off its dependence on Chinese imports.
India, the world’s largest edible oil buyer, has reportedly imposed import restrictions on refined palm oil and instructed traders to avoid palm oil-related purchases from Malaysia following a recent misunderstanding between the two countries’ governments.
BEIJING: The expansion of Chinese imports from the US under the recently signed trade deal won’t affect demand for goods from other nations, a Chinese trade official told reporters on Tuesday.
WITH stocks on Wall Street at the extremes of 2000, the start of the dotcom crash, will improved prospects for the global economy give the extra spur to markets?
BACK in October of 2019, the US Fed began buying $60bil of Treasury bills per month, causing a substantial increase in not only its balance sheet but also the overall global money supply.
WASHINGTON: The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world's two largest economies but leaving a number of sore spots unresolved.
NEW YORK: The Dow ended above 29,000 for the first time on Wednesday and the S&P 500 also closed at a record high after the United States and China signed a Phase 1 trade agreement and pledged to resolve a tariff dispute that has roiled Wall Street for over a year.
NEW YORK: Oil prices rose and a gauge of global equity markets hit a new high on Tuesday as investors awaited a China-U.S. trade deal they hope will spur world growth after the economy in 2019 saw its weakest year since the financial crisis.
BEIJING: China's trade surplus with the United States narrowed last year as the world's two biggest economies exchanged punitive tariffs in a bruising trade war, data showed Tuesday (Jan 14), just as the two prepare to sign a deal dialling down tensions.