TRADE WARS - INTERN DAILY

China, US to resume trade talks in late August

Aug 16, 2018 (AFP)

Beijing and Washington have slapped tariffs on tens of billions of dollars worth of each other's goods since they held their last high-level meeting in June, ra...

Hong Kong spends $2bn to defend currency peg

Aug 16, 2018 (AFP)

The intervention -- which began Wednesday and was the latest in a series of moves to support the currency this year -- comes as the US dollar rockets on the bac...

China data shows economic momentum flagging

Aug 14, 2018 (AFP)

Beijing faces a delicate balancing act, aiming to shift its growth driver away from investment and exports towards personal consumption, while at the same time ...

Kazakh leader touts port on China's 'Silk Road'

Aug 11, 2018 (AFP)

Speaking at the Caspian port of Kuryk, 78-year-old Nazarbayev said Kazakhstan was investing in such transport hubs to benefit from the trillion-dollar project c...

Yuan decline helps China in US trade war, at a price

Aug 10, 2018 (AFP)

While markets are spooked by the standoff between the world's two biggest economies, a weaker currency makes exporters' goods cheaper, cushioning the impact of ...

China's factory-gate inflation tops forecasts in July

Aug 09, 2018 (AFP)

The figures are the first to be released since the United States imposed the first of its threatened levies on billions of dollars in Chinese goods as part of a...

China trade surplus with US eases in July

Aug 08, 2018 (AFP)

The figures on Wednesday come as the two exchange threats of further measures, which have fuelled fears of a trade war many observers warn could hammer global b...

China exports top forecasts but warning over US tariffs impact

Aug 08, 2018 (AFP)

The figures come as the world's two largest economies exchange threats of stiff duties on billions of dollars worth of goods, fuelling fears of a full-blown tra...

State-owned China Tower trades flat on Hong Kong debut

Aug 08, 2018 (AFP)

The Beijing-based firm's $6.9 billion IPO was at the lower end of its expected range, making it the second to fall short of its main target with investor confid...

Berlin plans further curbs against non-EU investors

Aug 07, 2018 (AFP)

"In the future we want to be able to take a closer look when it concerns defence-related companies, critical infrastructure or certain other civil security-rela...

First round of US tariffs on Chinese goods to hit $50 bn Aug 23: USTR

Aug 07, 2018 (AFP)

Washington already imposed 25 percent tariffs on $34 billion in Chinese products on July 6. But it held off on a final $16 billion as a result of concerns raise...

HSBC pre-tax profit up 4.58% at $10.7 bn in first half

Aug 06, 2018 (AFP)

After wide-ranging cutbacks that saw 50,000 jobs axed in an overhaul announced in 2015, the bank said it was now hiring again as it seeks new growth areas. "We ...

HSBC to pay $765m US fine over crisis-era conduct

Aug 06, 2018 (AFP)

HSBC said it has agreed to pay the large US penalty over its conduct in residential mortgage-backed securities (RMBS), a type of investment derivative that bund...

Are tech titans teetering atop the market?

Aug 05, 2018 (AFP)

But should we fear that a new tech bubble is ready to burst? Here are some questions and answers about the sector: - What does the tech sector represent on Wall...

Asian countries denounce 'real threat' of global trade war

Aug 04, 2018 (AFP)

Fear that a simmering trade spat between the world's top two economies could spiral into a full-blown trade war -- with painful consequences for China's neighbo...

Trump says tariffs 'working far better' than anticipated

Aug 04, 2018 (AFP)

"Tariffs have had a tremendous positive impact on our Steel Industry," he said in one tweet. "Plants are opening all over the US, Steelworkers are working again...

Trade war heats up as China takes aim at 60bn in US goods

Aug 03, 2018 (AFP)

The commerce ministry issued a statement saying the new duties would be applied if Washington pulled the trigger on President Donald Trump's threat to raise tar...

Sri Lanka secures $1 billion Chinese loan

Aug 03, 2018 (AFP)

Central bank Governor Indrajit Coomaraswamy said that first half of the loan will be released later this month and the balance will be received in October. "Dur...

Heineken takes $3.1 billion stake in China's top brewer

Aug 03, 2018 (AFP)

Heineken has signed a "non-binding" agreement with China Resources Beer to acquire 40 percent of CRH, the listed entity controlling the Chinese group, for a tot...

White House slams 'weak' Chinese tariff threat, 'lousy' economy

Aug 03, 2018 (AFP)

After China threatened to impose new retaliatory tariffs on a variety of American goods -- everything from beef to condoms -- the war of words between Washingto...