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Argentina, IMF agree accelerated loan payout
(Gulf News - 30/08/2018)

Argentina’s President Mauricio Macri said Wednesday that the International Monetary Fund has agreed to accelerate funding in support of his government’s austerity program, but the move did little to calm the market as the country’s currency came under

US economic growth expands in second quarter
(The Gulf Today - 30/08/2018)

US economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration’s goal of 3 per cent annual growth.<br/><br/> Gross

Britain will use aid budget to boost trade in Africa
(The Gulf Today - 29/08/2018)

Britain will use its international aid budget to boost its own interests while also seeking to deepen trade ties with Africa, Prime Minister Theresa May said on Tuesday, countering critics who say aid funds would be better spent at home.<br/><br/> May,

Stocks climb as markets celebrate deal
(The Gulf Today - 29/08/2018)

A global stocks index advanced to more than five-month highs on Tuesday, lifted by investor optimism that a US-Mexico deal will help avert a global trade war.<br/><br/> Monday’s news of the US-Mexico agreement on trade pushed the S&P 500 and Nasdaq

World stocks at record peak on Nafta hopes
(The Gulf Today - 28/08/2018)

An index of major world stock markets rose to its highest level in more than five months on Monday following signs of progress on a US-Mexico trade deal and reassuring comments from the US Federal Reserve chief.<br/><br/> MSCI’s gauge of stocks in 47

France lowers its economic growth forecast
(The Gulf Today - 27/08/2018)

The French government has lowered its economic growth forecast for next year to 1.7 per cent and unveiled plans to cut public spending in an effort to stay in line with European Union budget commitments.<br/><br/> In an interview Sunday with Le Journal

China, Britain agree to discuss free trade accord
(The Gulf Today - 26/08/2018)

China and Britain have agreed to look at the possibility of reaching a “top notch” free trade agreement after Britain leaves the European Union, China’s Commerce Ministry said on Saturday after talks with British trade minister Liam Fox.<br/><br/>

G20 set to close digital gender divide; unveils key initiatives
(Trade Arabia - 26/08/2018)

Leaders of the world's top economic powers pointed out that greater female participation in the digital economy would lead to more solid economic growth.<br/><br/> The declaration issued by ministers at the G20 Digital Economy Ministerial Meeting in

German economy picks up more than expected in Q2
(Gulf Times - 16/08/2018)

The German economy picked up more pace than expected in the second quarter, driven by higher household and state spending, suggesting that it is powering ahead despite the threat of a major trade dispute with the United States.<br/><br/> Gross domestic

Turkey doubles tariffs on some US imports; lira rallies
(The Gulf Today - 16/08/2018)

Turkey doubled tariffs on some US imports including , cars and tobacco on Wednesday in retaliation for US moves, but the lira rallied further after the central bank’s liquidity moves had the effect of supporting the currency.<br/><br/> Ankara acted amid

German economy defies trade gloom with strong growth
(Arab News - 15/08/2018)

The German economy accelerated in the second quarter despite the US move to impose new tariffs on Europe, official data showed Tuesday, performing slightly better than economists had expected.<br/><br/> Germany’s economy, Europe’s biggest, grew by 0.5

Equity markets rightly take trade wars in stride
(Gulf News - 15/08/2018)

Financial markets are taking the escalating trade conflict between the US and China in stride. Instead of sending stocks reeling, investors have pushed the S&P 500 Index to within 0.7 per cent of the record high of 2,873 reached on January 26. Are

China’s economy cools further, investment growth at record low
(Oman Daily Observer - 15/08/2018)

China’s economy is showing signs of cooling further as the US prepares even tougher trade tariffs, with investment growth slowing to a record low and consumers turning more cautious about spending, data showed on Tuesday. Fixed-asset investment expanded

China’s economy cools further, investment growth at record low
(Arab News - 14/08/2018)

China’s economy is showing further signs of cooling as the US prepares to impose even tougher trade tariffs, with investment in the first seven months of the year slowing to a record low and retail sales softening, data showed on Tuesday.<br/><br/>

Trade war threatens reign of luxury stocks
(Gulf News - 14/08/2018)

An escalating trade war between the United States and China could abruptly end a glittering stock market run for luxury goods firms, with some investors already put off by lofty valuations in a sector powered by shoppers in the two countries.<br/><br/>

China unloads US soybean cargo
(Oman Daily Observer - 14/08/2018)

A vessel carrying US soybeans was unloading its cargo worth at least $23 million at the Chinese port of Dalian on Monday, becoming one of the first shipments to incur hefty new import duties as the trade row deepens between Beijing and

Global airline passenger traffic accelerates in June
(Saudi Gazette - 13/08/2018)

The International Air Transport Association (IATA) announced global passenger traffic results for June showing that demand (measured in total revenue passenger kilometers or RPKs) rose by 7.8% compared to June 2017. In a statement sent to the Saudi

Trump’s trade war with China may backfire
(The Gulf Today - 13/08/2018)

A key objective of President Donald Trump’s trade war is to pressure Beijing to “buy American”, but when it comes to millions of dollars of US meat imports, China may simply take its business elsewhere.<br/><br/> Beijing’s retaliatory tariffs on US meat

Egypt non-oil sector sees bigger recovery in July
(Trade Arabia - 13/08/2018)

Egypt’s non-oil private sector recorded a greater recovery during July, supported by gradual monetary policy normalisation, improved political stability and a rebound in the tourism sector, said Emirates NBD in its latest Egypt PMI survey.<br/><br/> The

Russia’s economy grows further in second quarter
(The Gulf Today - 12/08/2018)

Russia’s economy saw year-on-year growth of 1.8 per cent in the second quarter benefitting from rising oil prices and despite increasingly harsh US sanctions, the national statistic agency Rosstat said.<br/><br/> Russia’s economy expanded by 1.3 per cent

China’s CB to maintain prudent policy
(The Gulf Today - 12/08/2018)

China’s central bank said on Friday it would maintain its prudent and neutral monetary policy to ensure ample liquidity and keep the yuan largely stable, as global economic uncertainties increase due partly to trade frictions.<br/><br/> The world’s

China Tower starts trading in Hong Kong
(Oman Daily Observer - 09/08/2018)

The world’s largest operator of telecommunications towers — kicked off its trading debut in Hong Kong on Wednesday in the latest high-profile listing in the city. Shares were at HK$1.27 ($0.16) in the first few minutes, slightly up on their IPO price of

Trump reimposes sanctions on Iran
(Trade Arabia - 08/08/2018)

US President Donald Trump has reimposed major financial sanctions on Iran, targeting currency purchases and key industries. The move comes three months after he pulled US out of the 2015 nuclear agreement between Tehran and world powers.<br/><br/> Trump

German industrial orders plunge most in nearly 1 1/2 years
(Gulf Times - 07/08/2018)

German industrial orders fell more than expected in June, posting their steepest monthly drop in nearly a year and a half, suggesting that trade tensions caused by US President Donald Trump might curtail growth in Europe’s largest economy.<br/><br/>

Japanese bank boosts earnings with tech investment sales
(The Gulf Today - 07/08/2018)

Japan’s SoftBank Group Corp reported a 49 per cent jump in quarterly profit on Monday, boosted by the sale of its stake in Indian e-commerce giant Flipkart in the first public divestment by the conglomerate’s massive Vision Fund.<br/><br/> SoftBank,

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