TRADE WARS - SINO DAILY

EU united in spat over US green subsidies: Scholz

Dec 14, 2022 (AFP)

Speaking to parliament ahead of a European Union summit in Brussels, Scholz said Washington's massive climate protection package marked an "impressive contribut...

Asian markets extend US rally after inflation boost, eyes on Fed

Dec 14, 2022 (AFP)

The reading provided some much-needed Christmas cheer on trading floors and came the day before the US central bank's last policy decision of the year, which wi...

Growth downgrade for China 'very likely' on Covid surge: IMF chief

Dec 13, 2022 (AFP)

Her comments on the sidelines of a panel about a newly-created IMF fund come as the world's second biggest economy grapples with soaring coronavirus cases, as i...

German factory outfitters warn on break from China

Dec 13, 2022 (AFP)

German firms have faced calls to reduce their heavy dependence on the world's number two economy following Russia's invasion of Ukraine, and subsequent move to ...

EU agrees on 'carbon mechanism' at borders for industrial imports

Dec 13, 2022 (AFP)

Known as the "Carbon Border Adjustment Mechanism" (CBAM), the agreement will cover industrial imports from the regional bloc's 27 member states, targeting the h...

Markets mixed ahead of inflation, Fed decision

Dec 13, 2022 (AFP)

The region was given a positive lead after Wall Street's three main indexes raced out of the traps Monday, with analysts citing a survey by the central bank tha...

UK defends China actions after calls to get tough

Dec 11, 2022 (AFP)

Anti-China hardliners in the ruling Conservative party have demanded expulsions of the diplomats involved, accusing the UK government of appeasing Beijing. But ...

Brazil's Lula appoints former mayor as finance minister

Dec 10, 2022 (AFP)

Lula da Silva, who narrowly defeated incumbent Jair Bolsonaro in October elections, unveiled ministers in the key posts of foreign affairs, justice, defense, an...

Equity markets boosted by China hopes, eyes now on US inflation

Dec 09, 2022 (AFP)

With few Thursday catalysts to work with, traders were setting their sights on the release of two key US inflation reports -- on Friday and Monday -- and the Fe...

US rejects WTO verdict on its steel tariffs

Dec 09, 2022 (AFP)

Former US president Donald Trump's administration introduced the tariffs on steel and aluminium imports from China, Norway, Switzerland and Turkey and his succe...

Equities boosted by China news before rate calls

Dec 09, 2022 (AFP)

Sentiment brightened on China's decision to shift away from its nearly three-year zero-Covid strategy of lockdowns and mass testing that slammed the economy. Af...

US slaps sanctions on Chinese officials over Tibet rights

Dec 09, 2022 (AFP)

The United States blocked any US assets and criminalized transactions with Wu Yingjie, who was China's boss in Tibet from 2016 to 2021, and Zhang Hongbo, China'...

Chinese developer Sunac proposes debt restructuring

Dec 09, 2022 (AFP)

The firm proposed converting up to $4 billion of offshore debt into ordinary shares or equity-linked instruments, according to a filing to the Hong Kong stock e...

Inflation in China falls below two percent in November

Dec 09, 2022 (AFP)

Last month saw a slew of gloomy figures for the world's second-largest economy as a hardline zero-Covid policy hammered businesses and supply chains, and dampen...

Asian markets mixed as recession fears dampen China optimism

Dec 08, 2022 (AFP)

A rally across equities at the start of the month has been hobbled this week by growing concerns that the Federal Reserve's drive to rein inflation back from 40...

UK turns to army as crippling strikes loom

Dec 08, 2022 (AFP)

Interior minister Suella Braverman warned the public against flying over Christmas, after passport control officers voted to walk out. "If they go ahead with th...

China's November imports, exports plunge owing to Covid rules

Dec 07, 2022 (AFP)

Beijing's strict zero-Covid policy of snap lockdowns, travel curbs and daily mass testing has left businesses reeling, disrupted supply chains and dampened cons...

Stocks hit as recession fears overshadow China reopening hope

Dec 07, 2022 (AFP)

The drop followed another day deep in the red for New York's three main indexes after the heads of Wall Street's leading banks warned of tough times ahead in 20...

EU targets Russian armed forces, banks in new sanctions

Dec 07, 2022 (AFP)

"Russia continues to bring deaths and devastation to Ukraine. It is deliberately targeting civilians and civilian infrastructure," European Commission President...

EU starts WTO action against China over Lithuania, patents

Dec 07, 2022 (AFP)

"In both cases, the Chinese measures are highly damaging to European businesses" and, in the Lithuania case, "impact the functioning of the EU internal market,"...