economies

 
 

Stock markets shrug off opening salvos in trade war

LONDON, June 22 — World stock market rose today, seemingly unworried by a global trade war that got underway when Brussels slapped retaliatory tariffs on the United States. Oil prices continued to rise after the Organisation of the Petroleum…


EU backs bigger war chest for failing banks but split on budget, debt

LUXEMBOURG, June 22 — European Union finance ministers agreed today to double a war chest for dealing with failing banks and boost powers of the euro zone bailout fund, but were split over whether to have a mechanism to restructure government debt…


Euro-area growth unexpectedly gathers pace as risks persist

LONDON, June 22 — Economic momentum in the euro area unexpectedly picked up in June, suggesting the 19-nation bloc is starting to recover from a temporary soft patch just as risks to the outlook increase. Private-sector growth also gathered pace…


Asian traders end brutal week cautiously as trade fears simmer

HONG KONG, June 22 — Asian investors ended a tumultuous week on a cautious note today as the prospect of a debilitating global trade war hung over regional markets. As European Union tariffs on key US goods — including jeans, bourbon and…


Asia remains resilient amid market headwinds — Maybank Kim Eng

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KUALA LUMPUR (June 21): Asia’s underlying fundamentals remain solid with resilient growth prospects despite headwinds from US-China trade friction and rising US interest rates, according to Maybank Kim Eng. The United States and China are expected to continue driving global growth and investment, which will benefit emerging Asia, the investment banking arm of Maybank Group said at its Invest Asia UK conference in London today, noting rising demand from the world’s two largest economies had supported Asia’s export recovery last year. Asia’s private investment is experiencing a revival this yearRead More


Washington's 'capricious' trade actions will hurt US workers, China warns

BEIJING, June 21 — China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of US workers and farmers ultimately will be hurt by Washington’s penchant…


China warns Washington's trade actions will hurt US workers, farmers

BEIJING, June 21 — China's commerce ministry today accused the United States of being temperamental over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt. China believes its previous trade…


China could strike back at Dow-listed firms over trade, says Global Times

BEIJING, June 21 — China could hit back at US firms listed on the Dow Jones Industrial Average if US President Donald Trump keeps exacerbating tensions with China over trade, state-controlled Chinese tabloid the Global Times said today. Trump…


Volvo Cars CEO says auto tariffs threaten jobs at new US plant

BERKELEY COUNTY, June 21 — Chinese-owned Volvo Cars opened a new auto factory in South Carolina yesterday as company executives warned that the US-China trade dispute could undermine plans to create up to 4,000 more auto jobs in the heavily…


Top central banks see growing trade war gloom

SINTRA, June 21 — A developing trade war between the world's biggest economies is weighing on business confidence and could force central banks to downgrade their outlook, the world's most powerful policymakers argued yesterday. After imposing…