China Moves to Lift Confidence as Economic Growth hits Weakest Pace Since 2009

China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. Chinese authorities are trying to navigate through numerous challenges, as the trade war fears
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U.S. Trade Representative Robert Lighthizer has sent a gift to Brexit supporters. His letter notifying Congress that the Trump administration plans to seek a “cutting-edge” free-trade deal with the U.K. was music to the ears of those who have long argued that leaving the European Union will allow Britain to pursue an ambitious policy of
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NEW DELHI: India has been ranked as the 58th most competitive economy on the World Economic Forum’s global competitiveness index for 2018, which was topped by the US. India’s rank rose by five places from 2017, the largest gain among G20 economies, the WEF said. On the list of 140 economies, the US is followed
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US Vice-President Mike Pence’s ferocious anti-China speech was the latest salvo in what The New York Times has called a “new cold war”. It followed a recent US-Mexico-Canada Agreement (USMCA) with a “poison pill” clause that forbids parallel agreements with “non-market economies” (read China). Similar clauses are expected in future US agreements with Japan and
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Kyriakos Mitsotakis says he’s a man with a mission. The leader of New Democracy, currently Greece’s main opposition party — who will become prime minister if his party wins general elections next year — says what the country needs more than anything else is investment. With that in mind, he says he will issue permits
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Beyond the name change, President Donald Trump’s new U.S.-Mexico-Canada Agreement isn’t that different from the North American Free Trade Agreement that it replaced. But hidden in the bowels of the new trade deal is a clause, Article 32.10, that could have a far-reaching impact. The new agreement requires member states to get approval from the
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The ageing of Europe’s population could permanently constrain monetary policy, leading to longer recessions and weaker recoveries, European Central Bank chief economist Peter Praet said on Wednesday. Europe’s demographic shift is already lowering interest rates, leaving the ECB with decreased conventional firepower and raising the risk that it would more often miss its inflation objective,
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At week’s end, global investors and policy makers will likely be given a stark reminder of the costs of a bitter Sino-U.S. trade war, with a Reuters poll predicting that China’s third-quarter growth will slow to its weakest pace since the global financial crisis. Domestic demand has been faltering in recent months as U.S. President
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The European Central Bank will end its bond-buying programme in less than three months, with a low likelihood of an extension despite a cocktail of political and trade concerns, economists unanimously said in a Reuters poll. Having bought more than 2.6 trillion euros worth of mostly government bonds since March 2015, the ECB has been
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A coalition of U.S. business groups fighting President Donald Trump’s trade tariffs has launched an advertisement aimed at telling voters ahead of the midterm elections that the measures are costing American businesses and consumers $1.4 billion a month. The group says that in Michigan, a state with several competitive elections this fall, tariff costs tripled
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