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Global stocks rise on investors’ morale
(The Gulf Today - 28/06/2018)

European and US stock markets posted solid gains on Wednesday as investors, growing de-sensitised to trade war talk, poured money back into shares, traders said.<br/><br/> “Equities are reaching for the stars once again, with healthy gains across the

China's plastic recyclers go abroad as import ban bites
(Saudi Gazette - 27/06/2018)

In a smoke-filled plant about 50 miles northwest of Shanghai, masked workers feed sacks of plastic scrap into shuddering old machines that transform them into pellets used to make a range of manufactured goods.<br/><br/> But while the factory, operated

EU-US efforts to rescue stocks come to naught
(The Gulf Today - 27/06/2018)

An attempt by European and US stock markets to claw back trade-war inspired losses on Tuesday lacked conviction, leaving them with little to show for their trading day.<br/><br/> World equity markets had slumped Monday as trade war fears took a heavy

Global stocks sink on trade disputes
(The Gulf Today - 26/06/2018)

Wall Street opened lower and global stock markets sank on Monday as a trade dispute between the United States and other leading economies worsened, while US Treasuries and other safer investments gained.<br/><br/> A US government official on Sunday said

China cuts banks’ reserve requirement ratios to steady liquidity
(The Gulf Today - 25/06/2018)

China’s central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps) to accelerate the pace of debt-for-equity swaps and stimulate lending to smaller businesses.<br/><br/> The reserve

IMF sees Lebanon's fiscal deficit widening in 2018
(The National - 24/06/2018)

Lebanon needs “immediate and substantial” fiscal adjustments to improve its public debt, which has reached more than 150 per cent of its gross domestic product last year, the International Monetary Fund said.<br/><br/> The country should increase its

European Union to respond to any US auto tariff move
(The Gulf Today - 24/06/2018)

The European Union will respond to any US move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row.<br/><br/> US President Donald Trump on Friday threatened to impose a 20

France, Germany agree to set up eurozone budget: Merkel
(The Peninsula - 20/06/2018)

France and Germany have agreed to set up a common budget for the eurozone, Chancellor Angela Merkel said Tuesday, announcing a key reform proposal to bolster the bloc.<br/><br/> The sum will be a "real budget with annual revenues and spending," said

France growth to slow sharply to 1.7 per cent in 2018
(The Gulf Today - 20/06/2018)

France’s economic growth will fall from 2.3 per cent to 1.7 per cent in 2018, the national statistics agency forecasted on Tuesday, adding to the budgetary strains on President Emmanuel Macron’s cost-cutting government.<br/><br/> Macron’s administration,

Global stocks fall as US-China trade spat deepens
(The Gulf Today - 19/06/2018)

Global stocks slid on Monday as investors focused on an escalating trade dispute between the United States and China, the world’s two largest economies.<br/><br/> Trade fears also pushed US long-dated Treasury debt yields lower. US President Donald Trump

US farmers stressed, angry at trade wars
(Oman Daily Observer - 18/06/2018)

US farmers find themselves in the crosshairs of a trade war with China and others launched by President Donald Trump, who was elected with the support of many in rural America.<br/><br/> On Friday, Trump announced long-threatened trade tariffs on tens of

China’s business confidence improves in Q2: CB
(The Gulf Today - 18/06/2018)

Business confidence among Chinese entrepreneurs continued to improve in the second quarter of the year, a central bank survey showed recently.<br/><br/> The entrepreneur confidence index climbed for the ninth straight quarter, rising to 75.8 in the

France, Germany close to agreement on eurozone reform
(Arab News - 17/06/2018)

Paris and Berlin are very close to an agreement on eurozone reform after months of divisions, French Finance Minister Bruno Le Maire has said. “An agreement is close at hand,” Le Maire said on Twitter late Saturday after final negotiations on the subject

US, Chinese firms brace for trade war
(The Gulf Today - 17/06/2018)

Companies and trade groups in the US and China have expressed concern over how the escalating trade spat between the world’s two biggest economies could affect operations.<br/><br/> Beijing retaliated immediately to tariffs on tens of billions in Chinese

Global IoT platform market to hit $4.9bn in 2022
(Trade Arabia - 17/06/2018)

The international market for IoT device management and application enablement platforms surged to $1.1 billion in 2017, growing at a compound annual growth rate (CAGR) of 36.2 per cent, and is poised to hit $4.9 billion in 2022, according to a new

Business Europe urges UK to keep EU rules after Brexit
(The Gulf Today - 14/06/2018)

European business federation BusinessEurope called on Wednesday for Britain to maintain as many EU regulations as possible after Brexit to limit disruption to trade and supply chains.<br/><br/> Negotiators are meeting ahead of a June 28-29 EU summit to

Islamic finance industry assets surpass $2tn-mark
(Gulf Times - 13/06/2018)

The new Islamic Financial Services Industry Stability Report 2018 released by the Islamic Financial Services Board (IFSB) in Kuala Lumpur on June 8 confirms earlier forecasts that the global Islamic finance industry now has surpassed the $2tn-mark in

Markets run out of steam on caution over N.Korea
(The Gulf Today - 13/06/2018)

US and European stocks markets faltered on Tuesday as initial optimism faded over US President Donald Trump’s historic summit with North Korean leader Kim Jong Un, dealers said.<br/><br/> Frankfurt, London and Paris had shot higher at the opening bell,

Manufacturing slide casts doubts on UK economy
(The Gulf Today - 12/06/2018)

British factories had their worst month in five-and-a-half years in April, suggesting the economy’s weak start to 2018 has persisted and lowering the likelihood of the Bank of England raising interest rates again any time soon.<br/><br/> Sterling slid as

World markets rise despite G7 woes
(The Gulf Today - 12/06/2018)

Global equity markets mostly rose Monday as traders brushed off a chaotic G7 meeting, and looked ahead to US President Donald Trump’s summit with North Korean leader Kim Jong Un.<br/><br/> Investors were also on tenterhooks ahead of this week’s European

Global growth set to ebb as expansion shows age, World Bank says
(Blooomberg - 07/06/2018)

Global growth is set to slow over the next two years as central banks raise borrowing rates and US fiscal stimulus starts to fade, the World Bank said. The world economy will grow 3.1 per cent this year and 3 per cent in 2019, the development lender said

Ross presses China to buy more US goods
(The Gulf Today - 03/06/2018)

US Commerce Secretary Wilbur Ross arrived in Beijing on Saturday aiming to secure more Chinese purchases of US goods and energy, days after Washington intensified pressure in its dispute with China and infuriated allies with tariffs on metals.<br/><br/>

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