Chinese oil importers shun U.S. crude despite tariff reversal

By Jessica Jaganathan and Chen Aizhu SINGAPORE/BEIJING, Aug 15 : Chinese oil importers are shying away from buying U.S. crude as they fear Beijing’s decision to exclude the commodity from its tariff list in a trade dispute between the world’s biggest economies may only be temporary. Not a single tanker has loaded crude oil from […]

Brazil’s farmers dump sugar for soy as trade war boosts Chinese demand

By Marcelo Teixeira ITA?, Brazil, Aug 14 : Last year, Brazilian farmer Gustavo Lopes sized up his sugarcane plantation against his soybean fields. He looked at global trends, including rising U.S.-China trade tensions and a stubborn sugar-market glut. Then he tore up the last of his cane fields and ditched a decades-old supply contract with […]

WH Group boosts U.S. meat exports to Japan, S.Korea, Mexico amid China trade spat

By Donny Kwok and Trista Shi HONG KONG, Aug 14 : WH Group Ltd, the world’s largest pork company, has boosted its U.S. exports to Japan, South Korea and Mexico to reduce the impact of the deepening trade spat between Washington and Beijing, Chairman Wan Long said on Tuesday. The comment was made at a […]

Russia tells Washington curbs on its banks would be act of economic war

By Andrew Osborn and Andrey Ostroukh MOSCOW, Aug 10 : Russia warned the United States on Friday it would regard any U.S. move to curb the activities of its banks as a declaration of economic war which it would retaliate against, stepping up a war of words with Washington over spiralling sanctions. The warning, from […]

Goldman Sachs sees orderly Brexit with PM May getting deal through parliament

By Guy Faulconbridge and Helen Reid LONDON, Aug 10 : Goldman Sachs sees Prime Minister Theresa May clinching a Brexit deal on access to European Union markets for goods and getting it approved by the British parliament, though it cautioned that a disorderly exit and national election remained possible. With less than eight months left […]

Germany maintains large surplus with U.S. despite trade friction

By Rene Wagner BERLIN, Aug 10 : Germany’s exports to the United States in the first half of this year were worth 24.4 billion euros ($28.3 billion) more than its imports of U.S. goods, data from the Federal Statistics Office showed on Friday. The trade surplus was 100 million euros less than last year, but […]