TRADE WARS - BIO FUEL DAILY

China trade surplus with US eases in July

Aug 08, 2018 (AFP)

The figures on Wednesday come as the two exchange threats of further measures, which have fuelled fears of a trade war many observers warn could hammer global b...

China exports top forecasts but warning over US tariffs impact

Aug 08, 2018 (AFP)

The figures come as the world's two largest economies exchange threats of stiff duties on billions of dollars worth of goods, fuelling fears of a full-blown tra...

Berlin plans further curbs against non-EU investors

Aug 07, 2018 (AFP)

"In the future we want to be able to take a closer look when it concerns defence-related companies, critical infrastructure or certain other civil security-rela...

First round of US tariffs on Chinese goods to hit $50 bn Aug 23: USTR

Aug 07, 2018 (AFP)

Washington already imposed 25 percent tariffs on $34 billion in Chinese products on July 6. But it held off on a final $16 billion as a result of concerns raise...

HSBC pre-tax profit up 4.58% at $10.7 bn in first half

Aug 06, 2018 (AFP)

After wide-ranging cutbacks that saw 50,000 jobs axed in an overhaul announced in 2015, the bank said it was now hiring again as it seeks new growth areas. "We ...

HSBC to pay $765m US fine over crisis-era conduct

Aug 06, 2018 (AFP)

HSBC said it has agreed to pay the large US penalty over its conduct in residential mortgage-backed securities (RMBS), a type of investment derivative that bund...

Are tech titans teetering atop the market?

Aug 05, 2018 (AFP)

But should we fear that a new tech bubble is ready to burst? Here are some questions and answers about the sector: - What does the tech sector represent on Wall...

Asian countries denounce 'real threat' of global trade war

Aug 04, 2018 (AFP)

Fear that a simmering trade spat between the world's top two economies could spiral into a full-blown trade war -- with painful consequences for China's neighbo...

Trump says tariffs 'working far better' than anticipated

Aug 04, 2018 (AFP)

"Tariffs have had a tremendous positive impact on our Steel Industry," he said in one tweet. "Plants are opening all over the US, Steelworkers are working again...

Heineken takes $3.1 billion stake in China's top brewer

Aug 03, 2018 (AFP)

Heineken has signed a "non-binding" agreement with China Resources Beer to acquire 40 percent of CRH, the listed entity controlling the Chinese group, for a tot...

GM seeks to exempt Buick SUV from looming Trump tariffs

Aug 03, 2018 (AFP)

The Envision, a key part of the Buick lineup, is manufactured and mainly sold in China, GM's largest market, and the automaker requested it be exempt from US im...

Sri Lanka secures $1 billion Chinese loan

Aug 03, 2018 (AFP)

Central bank Governor Indrajit Coomaraswamy said that first half of the loan will be released later this month and the balance will be received in October. "Dur...

Trade war heats up as China takes aim at 60bn in US goods

Aug 03, 2018 (AFP)

The commerce ministry issued a statement saying the new duties would be applied if Washington pulled the trigger on President Donald Trump's threat to raise tar...

White House slams 'weak' Chinese tariff threat, 'lousy' economy

Aug 03, 2018 (AFP)

After China threatened to impose new retaliatory tariffs on a variety of American goods -- everything from beef to condoms -- the war of words between Washingto...

China calls on US to be 'cool-headed' in trade war

Aug 02, 2018 (AFP)

Slapping additional tariffs on Chinese imports -- 60 percent of which are made by foreign firms, including American companies -- will only raise costs for domes...

China-backed trade pact could be signed by year-end: Singapore PM

Aug 02, 2018 (AFP)

The 16-nation Regional Comprehensive Economic Partnership (RCEP) is poised to become the largest free-trade agreement in the world, covering about half of its p...

Trump threatens to ramp up tariffs on Chinese goods

Aug 02, 2018 (AFP)

President Donald Trump asked the US Trade Representative to consider increasing the proposed tariffs to 25 percent from the planned 10 percent, USTR Robert Ligh...

Trump could raise tariffs further on Chinese goods: reports

Aug 01, 2018 (AFP)

The US imposed 25 percent tariffs on $34 billion of Chinese products earlier this month, with plans to add another $16 billion of imports on Tuesday. Trump init...

Chinese investors drop bid for German machine tool maker

Aug 01, 2018 (AFP)

"I can confirm that the interested party has withdraw its request for clearance from the economy ministry," a Leifeld spokeswoman told AFP, confirming media rep...

Australia, US, Japan in Indo-Pacific infrastructure push

Jul 31, 2018 (AFP)

Beijing has loaned countries across Asia billions of dollars as part of its "Belt and Road" development strategy, including to island nations in the Pacific, a ...