TRADE WARS

News About World Trade

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World economy faces more pain in 2023 after a gloomy year
Dec 28, 2022 (AFP)
Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It was a "polycrisis" year, a term popularised by historian Adam Tooze. Ge...
Asian markets fall as China reopening spurs inflation fears
Dec 28, 2022 (AFP)
China has abruptly reversed tight pandemic restrictions that kept the world's second-largest economy isolated for the past three years. On Monday, Beijing annou...
Japan to require Covid test on arrival for China travellers
Dec 27, 2022 (AFP)
Tokyo has eased its restrictions on tourists in recent months and the move means travellers from China will be the only visitors required to take Covid-19 tests...
Asian markets up after China ends travel quarantine
Dec 27, 2022 (AFP)
China had abruptly reversed its strict pandemic restrictions even as a surge in infections began overtaking the country. The curbs had torpedoed the economy and...
Hong Kong eyes reopening border with China by mid-January: leader
Dec 24, 2022 (AFP)
The border has been effectively shut for nearly three years while China enforced a zero-Covid strategy of snap lockdowns, travel restrictions and mass testing t...
UK outlines US green subsidy opposition in letter: media
Dec 23, 2022 (AFP)
The Financial Times (FT) and The Times newspapers cited the letter by UK Trade Secretary Kemi Badenoch to US counterpart Katherine Tai that hit out at the clima...
Asian markets track Wall St down as recession worries return
Dec 23, 2022 (AFP)
A glum warning from top chipmaker Micron and worries about China's surging Covid cases added to the less-than-Christmassy mood on trading floors. Investors have...
US ban on 'Made in Hong Kong' label breaches trade rules: WTO
Dec 22, 2022 (AFP)
The WTO ruling addressed a decision under former president Donald Trump's administration after Beijing imposed a sweeping security law on the financial hub in 2...
Asian markets enjoy some much-needed festive cheer
Dec 22, 2022 (AFP)
With dust settling after the Bank of Japan's surprise shift from ultra-loose monetary policy, investors embarked on a mini Santa rally ahead of the Christmas br...
Yen holds gains, markets mixed after Bank of Japan move
Dec 21, 2022 (AFP)
The move to allow yields on certain government bonds to move in a wider band was seen as a precursor to a possible interest rate hike next year, finally bringin...
Asian markets mostly down on worries over rate hikes, inflation
Dec 20, 2022 (AFP)
Sentiment was also being weighed down by a spike in Covid infections in China as officials roll back many of the strict containment measures that have been in p...
World Bank slashes China growth forecasts on Covid woes, property crisis
Dec 20, 2022 (AFP)
In a statement, the institution slashed its forecast to 2.7 percent from 4.3 percent predicted in June. It also revised its forecast for next year from 5.2 perc...
Asian markets track US losses on recession worries
Dec 19, 2022 (AFP)
Equities took a turn south last week after monetary policymakers around the world signalled that while price rises appeared to be stabilising, more work would b...
Hong Kong plans to regulate crowdfunding
Dec 19, 2022 (AFP)
Online crowdfunding was popular among the city's democracy supporters to pay legal and medical costs for those arrested during huge and often violent protests i...
Australia's top diplomat makes first China trip in years
Dec 19, 2022 (AFP)
Canberra said Penny Wong would visit Beijing to mark the 50th anniversary of diplomatic relations and meet Chinese state councillor and minister of foreign affa...
Biden to welcome Ecuador president as China closes trade deal
Dec 16, 2022 (AFP)
Lasso won a surprise victory in 2021 as Ecuador's first conservative president in 14 years, an anomaly amid a wave of victories in Latin America by left-of-cent...
Most markets drop as central banks crush Christmas spirit
Dec 16, 2022 (AFP)
After a healthy rally in recent weeks fuelled by signs that price rises were slowing, the US Federal Reserve and European Central Bank this week crushed any Chr...
Chinese firms' delisting risk eases with US audit data access
Dec 16, 2022 (AFP)
The Public Company Accounting Oversight Board's announcement came amid worries that Chinese firms could be taken off United States stock exchanges if they did n...
Markets sink with Wall St on hawkish Fed outlook
Dec 15, 2022 (AFP)
Traders took their lead from Wall Street, where a more hawkish statement than expected dented hopes the central bank could soften its approach to fighting infla...
China retail sales plunge in November on Covid woes
Dec 15, 2022 (AFP)
The figures highlight the work ahead for the government as it moves away from almost three years of strict containment measures that have whittled growth and se...
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