News

Yen backpedals on hopes of easing U.S.-China trade tensions

On Friday the dollar held firm against the yen, as comments from Beijing sparked renewed hopes that China and the United States could...

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South Korea summons Japan ambassador as export trade curbs take effect

Japan dropped South Korea from a so-called "white list" of favored trade partners this month, which could mean more paperwork and on-site inspections...

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Global stocks edge higher as Trump acts to ease China trade tensions

Stocks had fallen sharply in Asia before Trump spoke as investors panicked that the latest tit-for-tat tariffs would damage global growth. On Friday...

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China's coal demand to peak around 2025, global usage to follow

As a state-owned think tank said in a new report, China's coal demand will start to fall in 2025 once consumption at utilities and other industrial...

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Bankers hawk hedging as trade war hits China's yuan

The yuan has fallen about 11 % against the dollar since Washington announced its first hefty tariffs on Chinese imports 17 months ago...

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China CNPC suspends Venezuelan oil loading, worried about U.S. sanctions

As two Beijing-based senior sources told on Monday, China National Petroleum Corp, a leading buyer of Venezuelan oil, has halted August loadings...

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Goldman cuts growth forecasts for Asia's four ‘tiger’ economies

Goldman Sachs Group Inc. (NYSE:GS) slashed growth forecasts for the “Asian Tigers” as their exposure to the world economy is now backfiring...

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German economy contracts as export engine stutters

Wednesday` data showed the German economy shrank in the second quarter, dragged down by a slump in exports, as manufacturers in the country struggle...

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Hawkish Norway to press on with rate hikes after August pause

Defying a global economic slowdown, Norway is headed for its fastest expansion in seven years in 2019...

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