Asian shares bounce in choppy trade, trade war worries remain

Asian shares clawed back earlier losses on Tuesday as China made a fresh attempt to stabilise its stock markets although activity was choppy with investors cautious about further escalations in the Sino-U.S. trade war. Financial spreadbetters expect London’s FTSE <.FTSE> to open almost flat, Frankfurt’s DAX <.DAX> to rise 0.1 percent, and Paris’s CAC <.FCHI>
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Trade tariffs between the U.S., China and Europe add to the problems confronting the global shipping industry, which was already struggling this year with weak demand and high fuel prices. Container ships, which move $4 trillion worth of products each year, are suffering from weak freight rates, owing to a glut of boats in the
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India and the US have had series of talks for a possible trade deal to resolve issues related to bilateral commerce, said the Commerce and Industry Minister, Mr Suresh Prabhu. “The negotiations are ongoing,” he said. “Of course, at this stage they have given an offer and we have also given a counter-offer and we
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World Trade Expo 2018, the 2nd edition of a unique programme to provide a platform to Consulates/Embassies/state governments to showcase opportunities in trade and investment in their respective regions, is being organised by MVIRDC World Trade Centre Mumbai (WTC Mumbai) and the All India Association of Industries (AIAI) and supported by Maharashtra Industry, Trade and
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A group of trade ministers from around the world voiced their support for strengthening the World Trade Organization at a time when the Trump administration has threatened to pull out of the body if it doesn’t treat the U.S. more fairly. “The current situation at the WTO is no longer sustainable,” top trade officials from
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Pity China’s brokers. Not only must they grapple with the challenges facing their U.S. counterparts of shriveling commissions amid a stock rout – they’re compelled to keep riding to the rescue of the market. In the 2015 bailout, the brokerages were asked to buy stocks in the open market as part of the so-called national
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After a slump in U.S. stocks, Asia’s main equity gauge has finally succumbed, entering a bear market overnight. The region’s equities have already lost more than $4.9 trillion in value this year, and Thursday isn’t looking pretty. The MSCI Asia Pacific Index fell 2 percent as of 4:30p.m. in Hong Kong, taking its slide from
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The World Trade Organization is scrambling to develop a plan for the biggest reform in its 23-year history after U.S. President Donald Trump brought the world’s top trade court to the brink of collapse by blocking appointments of its judges and threatening to pull the United States out of the organization. Trump’s administration has targeted
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According to an analysis by BIMCO’s Chief Shipping Analyst, Mr Peter Sand, the escalating US-China trade war could affect millions of tonnes of containerised goods. He opined that the ongoing trade war is taking on a new dimension as China can no longer compete with the tariffs the US is imposing on it and could
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India and Uzbekistan have decided to start work on a preferential trade agreement (PTA), enhance efforts for a four-fold increase in bilateral trade to $1 billion over the next two years and promote investment flows and joint business activities. It has been emphasised that a strong strategic partnership between India and Uzbekistan is vital to
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