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US growth slows in Q4; consumer spending surges
(The Gulf Today - 30/03/2018)

US economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a jump in imports.<br/><br/> Gross domestic product expanded at a 2.9 per cent annual

US fourth-quarter GDP growth revised up to 2.9%
(Gulf News - 29/03/2018)

US economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a surge in imports.<br/><br/> Gross domestic product expanded at a 2.9 per cent annual

US growth slows in Q4; consumer spending surges
(The Gulf Today - 29/03/2018)

US economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a jump in imports.<br/><br/> Gross domestic product expanded at a 2.9 per cent annual

China's premier pledges market opening
(Times of Oman - 28/03/2018)

Premier Li Keqiang said on Monday China and the United States should maintain negotiations and he reiterated pledges to ease access for American businesses, as China scrambles to avert a trade war.<br/><br/> Li told a conference that included global

US-China trade optimism lends aid to risk assets
(The Gulf Today - 28/03/2018)

Stock markets mostly gained on Tuesday as reports that the United States and China were negotiating to avert a trade war whetted investors’ appetite for riskier assets.<br/><br/> In morning trading, US stock indexes were working to sustain momentum one

IMF's Lagarde urges euro bloc to unify further
(The National - 27/03/2018)

IMF managing director Christine Lagarde urged Europe to pursue further integration, including on spending, saying a closer union of euro-zone countries would help counter rising populism and protectionism globally.<br/><br/> “A more unified euro area can

Stocks bounce on report of US-China trade talks
(The Gulf Today - 27/03/2018)

Stocks in the United States, Japan and emerging markets rose on Monday, reflecting optimism that the United States and China are set to begin negotiations on trade.<br/><br/> MSCI’s world equity index, which tracks shares in 47 countries, touched its

Algeria vows tax reform in energy sector, eyes shale gas cooperation
(Arab News - 26/03/2018)

Algeria plans to offer tax incentives in a planned new energy law to attract more investment and is in discussion with foreign energy firms including BP and Anadarko to exploit its shale gas reserves, officials said on Sunday.<br/><br/> OPEC member

China vows steady opening of financial sector
(Oman Daily Observer - 26/03/2018)

China will steadily reform and further open its financial sector while putting “equal emphasis” on preventing risks through regulation and supervision, the new central bank governor said on Sunday.<br/><br/> In his first public speech since becoming

Japan business mood likely to fall in March
(Gulf Times - 25/03/2018)

Japanese business confidence was expected to deteriorate slightly in the three months to March with the outlook for the coming quarter also fading, a Reuters poll found on Friday, reflecting concerns over the strong yen eroding business

China to defend its interests in US trade spat
(The Gulf Today - 25/03/2018)

The United States has flouted trade rules with an inquiry into intellectual property and China will defend its interests, Vice Premier Liu He told US Treasury Secretary Steven Mnuchin in a telephone call on Saturday, Chinese state media

China calls US repeat abuser of world trade rules
(Oman Daily Observer - 23/03/2018)

China accused the United States of “repeatedly abusing” trade practices, as Beijing braced on Thursday for an imminent announcement from US President Donald Trump slapping more tariffs on Chinese imports. The US tariffs on Chinese imports worth as much

Markets decline further on trade war worries
(The Gulf Today - 23/03/2018)

Wall Street’s selloff accelerated on Thursday morning, with major indices sinking two per cent ahead of an expected White House trade actions targeting China. Near 1540 GMT, the Dow Jones Industrial Average was down nearly 500 points, or 2.0 per cent, to

UK could leave EU before trade deal is agreed, Liam Fox says
(Gulf News - 22/03/2018)

Brexit-backing Trade Secretary Liam Fox indicated that the UK could leave the European Union without having a clear idea of the future relationship with its biggest trading partner.<br/><br/> While the EU has repeatedly said that detailed trade talks

Asian business sentiment hits 7-year high
(Oman Daily Observer - 22/03/2018)

Business confidence among Asian companies rose in the first quarter to the highest level in seven years, a survey showed, as a fresh surge by the Chinese economy offset concerns about rising trade barriers. The Thomson Reuters/INSEAD Asian Business

Pakistan seeks to support Islamic finance industry
(Gulf Times - 21/03/2018)

The Pakistan government is mulling a dedicated division at the finance ministry to deal with the affairs of fast-growing Islamic banking industry in Pakistan, Adviser to Prime Minister on Finance Miftah Ismail has said.<br/><br/> “We will soon create a

UK inflation slows to 2.7%: official data
(Gulf News - 21/03/2018)

Britain’s annual inflation rate slowed in February as food and transport costs rose by less than one year ago, official data showed on Tuesday. “The Consumer Prices Index (CPI) 12-month rate was 2.7 percent in February 2018, down from 3.0 per cent in

Trump plans to hit China with $60 billion in annual tariffs
(Oman Daily Observer - 21/03/2018)

Following up on his threat to punish Beijing for intellectual property theft, US President Donald Trump is preparing to hit China with a $60 billion annual tariff package. The tariff package, which Trump plans to unveil by Friday, was confirmed by four

China forms new economic team as Xi kicks off 2nd term
(Gulf Times - 20/03/2018)

China elevated a key confidante of President Xi Jinping to one of the top positions in government yesterday as Beijing cracks down on riskier financing and a debt build-up that may pose systemic risks to the world’s second-largest economy.<br/><br/> The

Stocks on longest slide as Fed caution hits
(The Gulf Today - 20/03/2018)

Share markets were stuck on their worst run since November on Monday, as caution gripped traders in a week in which the Federal Reserve is likely to raise US interest rates and perhaps signal as many as three more lie in store this year.<br/><br/> A

IMF chief warns 'no winners' in trade wars
(The Peninsula - 19/03/2018)

International Monetary Fund chief Christine Lagarde cautioned the United States against putting up barriers to trade in an interview published Sunday. "Trade wars leave no winners," she said in the interview with Argentine daily La Nacion, responding to

China a rising G20 concern, currencies stable: US Treasury's Malpass
(The Peninsula - 19/03/2018)

The U.S. Treasury's top economic diplomat said on Sunday that China's move away from market liberalization was an increasing concern for world economies as currency stability meant that exchange rate issues needed less attention in the G20 and other

Tariffs and tech to tax G20 ministers
(The Gulf Today - 18/03/2018)

Tariffs, tech and taxes will strain finance ministers from G20 countries at a meeting in Argentina next week overshadowed by the gathering clouds of a trade war. The two-day meeting in Buenos Aires, which starts on Monday, comes at a particularly tense

US pressing China to cut trade surplus by $100bn
(Oman Daily Observer - 16/03/2018)

The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, a White House spokeswoman said, clarifying a tweet last week from President Donald Trump.<br/><br/> Last Wednesday, Trump tweeted that China had

Germany says trade war could damage global recovery
(The Gulf Today - 16/03/2018)

Germany said on Thursday that any escalation of US President Donald Trump’s tariffs on metal imports into a full-blown trade war could cause tangible damage to the global recovery, although the tariffs themselves should have only a limited