By Tom Finn LONDON, Sep 20 : The dollar hovered near a seven-week low against a basket of major currencies on Thursday, its safe-haven appeal lessened by fading fears about a trade row between China and the United States. After a knee-jerk reaction to new tariffs announced by Washington and Beijing on Tuesday, currency markets […]
Category: Trade war
China’s steel demand to stay firm despite U.S. trade war – industry official
By Muyu Xu and Manolo Serapio Jr China, Sep 20 : China’s steel demand will remain firm despite the country’s escalating trade war with the United States, and any efforts by Washington to “sabotage” the Chinese economy will not succeed, the head of China’s steel association said. “The US wants Chinese demand to go down […]
Oil prices rise, but still set for weekly drop on oversupply, trade worries
By Aaron Sheldrick TOKYO, July 20 : Crude prices rose on Friday, but were still set for a weekly drop on concerns about oversupply and the ongoing trade conflict between the United States and China, the world’s two biggest oil users. Brent oil had climbed 27 cents, or 0.4 percent, to $72.85 a barrel by […]
China’s policy debate deepens as trade war threatens economy
By Elias Glenn BEIJING, July 20 : A policy debate in China on how best to address slowing growth deepened on Friday, as analysts urged authorities to boost fiscal stimulus amid rising risks to the world’s second-biggest economy from a bitter trade conflict with the United States. An article in Financial News, which is run […]
Asian shares extend bounce but trade war caps gains
By Andrew Galbraith SHANGHAI, July 13 : Asian shares extended their recovery on Friday, as investors shifted their focus to bullish expectations for Wall Street earnings and as a weaker yen supported Japanese stocks, though Sino-U.S. trade tensions have tempered exuberance. Keeping trade squarely in view was Chinese trade data, which showed its trade surplus […]
Oil steadies as drilling increases in tight market
By Christopher Johnson LONDON, July 9 : Oil prices steadied on Monday as an increase in US drilling, likely to lead to higher shale production, balanced evidence of tightening supply. Benchmark Brent was up 40 cents at $77.51 a barrel by 0850 GMT. US crude was down 30 cents at $73.50. “Uncertainties abound when it […]