newszine

China set to post slowest growth in 28 years in 2018, more stimulus seen

23 hours ago DieselGasoil Comments Off on China set to post slowest growth in 28 years in 2018, more stimulus seen
BEIJING (Reuters) – China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. A woman looks at job advertisements on a wall in Read More

Trump says deal 'could very well happen' with China

1 day ago DieselGasoil Comments Off on Trump says deal 'could very well happen' with China
WASHINGTON (Reuters) – U.S. President Donald Trump said on Saturday there has been progress toward a trade deal with China, but denied that he was considering lifting tariffs on Chinese imports. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song “Things are going very well with China Read More

Exclusive: U.S. demands regular review of China trade reform

2 days ago DieselGasoil Comments Off on Exclusive: U.S. demands regular review of China trade reform
BEIJING/WASHINGTON (Reuters) – The United States is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a trade deal – and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiations to end the trade war between the two nations. Read More

EU curbs steel imports until 2021 to counter US trade policies

4 days ago DieselGasoil Comments Off on EU curbs steel imports until 2021 to counter US trade policies
The European Union has set restrictions on imports of steel to the bloc in response to US President Donald Trump’s imposition of tariffs on metals imported into the US. The safeguard measures approved on Wednesday impose quotas on 26 product categories, and levy a 25 percent duty on imports exceeding those quotas, according to the Read More

Businesses cry out for Brexit clarity, warn of no-deal chaos

4 days ago DieselGasoil Comments Off on Businesses cry out for Brexit clarity, warn of no-deal chaos
LONDON (Reuters) – Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity. FILE PHOTO: British Prime Minister Theresa May gestures as she speaks during a no confidence debate Read More

Oil prices rise over 1 percent, but global slowdown looms

6 days ago DieselGasoil Comments Off on Oil prices rise over 1 percent, but global slowdown looms
LONDON (Reuters) – Oil prices rose more than 1 percent on Tuesday after tumbling the previous session, although a darkening economic outlook may soon weigh on growth in fuel demand. FILE PHOTO: A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. REUTERS/Sergei Karpukhin/File Photo Brent LCOc1 was up 78 cents Read More

Zimbabwe now has the most expensive gasoline in the world

6 days ago DieselGasoil Comments Off on Zimbabwe now has the most expensive gasoline in the world
Zimbabwe is on a three-day nationwide strike and protests are erupting in the streets after the government of the southern African country doubled fuel prices, making gasoline sold in Zimbabwe the most expensive in the world. Zimbabwe is in the midst of an economic crisis and a shortage of foreign exchange, which has led to Read More

Ditching Russian gas will be economic suicide for Europe – analyst to RT

7 days ago DieselGasoil Comments Off on Ditching Russian gas will be economic suicide for Europe – analyst to RT
Washington’s attempts to derail the Nord Stream 2 pipeline project to supply Russian natural gas to the European Union will definitely backfire, according to a geopolitical expert Dr. Pierre-Emmanuel Thomann. “The more the US puts pressure on Europeans, the more there is a risk that Europeans try to detach themselves from the US and try Read More

Trump tariff fail? China’s trade surplus with US hits highest level in more than decade

7 days ago DieselGasoil Comments Off on Trump tariff fail? China’s trade surplus with US hits highest level in more than decade
Despite efforts by the Trump administration to pressure Beijing into reducing the US-China trade deficit, the trade surplus with the US still reached $323.32 billion last year – the highest level since 2006. The trade surplus grew 17 percent from around $275 billion a year ago, China’s General Administration of Customs announced on Monday. The Read More