Friday, August 31st, 2018

 

Chinese bridge pushes Maldives deeper in debt: opposition

COLOMBO (Sri Lanka), Aug 31 — The Maldives opposition said today that President Abdulla Yameen had pushed the Indian Ocean nation deeper into a Chinese “debt trap” with a new US$200 million bridge opened just ahead of the country’s election….


IMF aims to ‘rapidly conclude’ new talks with Argentina

WASHINGTON, Aug 31 — The International Monetary Fund today said it hoped to “rapidly conclude” a new round of talks with Argentina, set to open next week in Washington with a view to accelerating the release of funds for the crisis-wracked…


US, Canada slug it out as deadline looms to clinch Nafta

WASHINGTON, Aug 31 — Canada and the United States will make a final push to iron out differences on a pact to modernise the North American Free Trade Agreement (Nafta) by a Friday deadline set by President Donald Trump, but the atmosphere soured…


Turkey takes aim at rating agency ‘racketeers and impostors’

ISTANBUL, Aug 31 — Turkey accused Western credit rating agencies today of deliberately attempting to undermine the banking sector amid attacks on the lira. The scathing comments from President Tayyip Erdogan and his son-in-law, Finance Minister…


Wall Street sluggish on trade concerns; Apple, Amazon lift Nasdaq

NEW YORK, Aug 31 — The S&P 500 and the Dow Jones Industrial Average were largely flat today hit by concerns about ongoing trade talks between the United States and other major economies, but gains in Apple and Amazon lifted the Nasdaq. Wall…


US says Canada has made ‘no concessions on agriculture’ in Nafta talks

WASHINGTON, Aug 31 — Canada has not compromised on a key sticking point in talks with the United States on the rewrite of the North American Free Trade Agreement, a US official said today. As the fourth and final day of negotiations got underway…


EU, Britain talk up chances of autumn Brexit deal

BRUSSELS, Aug 31 — EU and UK negotiators today talked up prospects of agreeing a Brexit deal this autumn, citing recent progress in detailing very close security cooperation to take effect after Britain leaves the bloc. The European Union’s…


India’s growth surges to 8.2pc

MUMBAI, Aug 31 — India’s economy grew at a stunning 8.2 per cent in the first quarter of the 2018-19 financial year, official data showed today, as it charts a course to overtake Britain as the world’s fifth-largest economy. Central Statistics…


Shares extend falls on Trump trade threats

LONDON, Aug 31 — Global stocks fell for a second day today as a report that US President Donald Trump was preparing to step up a trade war with Beijing dampened risk appetite and erased some of the gains made in a rally this week. Trump is ready…


China’s Zijin to acquire Serbia’s largest copper mine

BELGRADE, Aug 31 — Serbia has picked a Chinese firm to take over its debt-hit copper mine after the company offered to invest US$1.26 billion, a minister said today. The deal, which gives China’s Zijin Mining a 63 per cent stake in the RTB Bor…