Investor appetite in commodity-linked currencies is thin midst the series of body blows from the U.S. that is acting as shock waves to global trade. On Monday, a rally in the Euro gave way to the dollar, which edged up,… Read More ›
Geopolitics
Softening Stance Of Iran Raises Hope Of Opec Raising Oil Output
For Saudi Arabia and non-OPEC Russia, it has almost become a near-consensus proposal that oil production would be increased by about 1 million bpd, or around 1% of the global oil supply. Apparently, Saudi Arabia has been able to convince… Read More ›
Retaliatory Tariffs By EU On US Goods Implemented This Week
With a top official of the European Union (EU) launching a fresh series of attacks on the trade policies of US President Donald Trump, the EU introduced retaliatory tariffs on US goods. The tariffs have been imposed on €2.8bn (£2.4bn)… Read More ›
EU Response to U.S. trade tariffs will bring increased clarity
The EU is likely to go in for a negotiated settlement in its trade tariffs spat with the U.S. On Friday, a spokeswoman for Germany’s economy minister stated, a negotiated solution will be sought to the EU-US trade tariffs and… Read More ›
UN Chief Says Stronger EU, “Fair Globalization” Is Needed By The World
The world would need a stronger and “more intervening” European Union, believes UN Secretary General Antonio Guterres. The European Union is “missing action” in a number of areas where it is needed by the UN and others, Guterres said while… Read More ›
Daimler sees its 2018-2019 profit dip due to U.S.-China trade tensions
Daimler has warned, any further escalation in the trade row “would be harmful for all stakeholders”. German luxury carmaker Daimler cut its 2018 profit forecast citing growing signs of import tariff wars between the United Statea and China as well… Read More ›
China’s Volvo Cars plant in South Carolina caught in tariff wars
The strategic Chinese move is aimed at hurting Trump’s Republican base since South Carolina is a Republican controlled state. The move also carefully targets U.S. jobs as well as hangs the carrot of potential auto exports from the U.S. to… Read More ›
China threatens to impose 25% tariff on U.S. crude
By targeting U.S. crude, Beijing has placed the Trump administration’s “energy dominance” in its cross-hairs. In a development that adds to pressure on the U.S. government to scale back trade pressures on China, energy analysts and executives have disclosed the… Read More ›
India Takes Further Counter Measures To US Trade Tariffs
India is taking fast steps to get back at the United States on trade tariffs. According to a revised World Trade Organization filing by the country, it has proposed enhancing of tariffs on 30 US goods that are imported into… Read More ›
Bailout Exit Terms Could Put Greece And Eurozone At Logger Heads
As the Greek government prepares to close its third bailout program, there is anticipated row between Eurozone finance ministers and the Greek government over the terms of a “golden goodbye”. One of the major issues that is likely to surface… Read More ›
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