Trade
Maersk unit worth more than US$1 billion set to trade in spinoff
AP Moller-Maersk is spinning off its towage company on Tuesday (Apr 30) in a move analysts expect to slash the transportation giant’s market value by more than 5 per...
Dollar surges past fresh 34-year high of 160 yen in morning trade
THE dollar surged past 160 yen for the first time since 1990 on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year.The...
EU aims to increase food exports to China despite trade tensions
ON A visit to China this week, EU Agriculture Commissioner Janusz Wojciechowski said his focus will be on increasing agri-food exports to the world’s second-largest economy and keeping food...
Trade tensions threaten the rise of China’s stock champions
CHINA’S most-promising industries are facing a growing threat of trade restrictions from Western governments, blurring the outlook for stocks that have the potential to fuel the nation’s market growth.The...
Tokyo: Nikkei index tumbles 3% in morning trade
TOKYO’S key Nikkei index plunged more than three per cent in morning trade on Friday, following falls in tech shares on Wall Street and as Middle East tensions rattle...
‘No trade war’, says Biden, pushing to triple tariffs on Chinese steel
US PRESIDENT Joe Biden said on Wednesday there was no trade war with Beijing, despite calling for a tripling on tariffs for Chinese steel and aluminum.Biden’s call comes as...
Russia and China trade new copper disguised as scrap to skirt taxes, sanctions
RUSSIAN Copper Company (RCC) and Chinese firms have avoided taxes and skirted the impact of Western sanctions by trading in new copper wire rod disguised as scrap, three sources...
US to consider concerns about China’s Brite in trade sanction decisions
THE Biden administration will consider concerns about Chinese chip designer Brite Semiconductor flagged by Republican Senator Marco Rubio as it decides what firms to add to a trade sanction...
