China’s Shanghai Rebar Drops on Fresh Trade Tensions

China’s construction steel rebar prices dipped on Tuesday amid a broad sell-off across commodities, as market sentiment was dampened by a fresh round of Sino-U.S. trade friction. According to a Bloomberg report, the United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between Presidents Trump
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NEW DELHI: The Engineering Export Promotion Council (EEPC) of India recently said the time is ripe for drawing a new export strategy amid rising trade tensions between the world’s two largest economies, the US and China. The council also hailed the centre for to the global trade tensions by maintaining a stance that serves the
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The crude oil price appears firmly in the hands of geopolitical concerns, with veiled Saudi threats over the disappearance of a journalist and the ramping up of U.S. sanctions against Iran getting most of the attention. However, it’s always worth looking at what is happening in the real world of physical oil flows and pricing,
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Investor confidence in China has declined due to the ongoing trade tensions between the United States and China, Director of IMF’s Monetary and Capital Markets Department, Tobias Adrian, said on Wednesday, October 10. Trade tensions driven by tit-for-tat tariffs by the duo were one of the key issues highlighted during IMF’s launching of the fall
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A gloomier world economic outlook and rising trade tensions have forced Drewry to downgrade its forecast for container demand over the next five years, according to the global shipping consultancy’s latest edition of the Container Forecaster. Drewry’s long-term supply and demand prognosis for carriers has deteriorated since the last report. Previously, the company’s global supply-demand
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China’s steel and iron ore prices finished trading up more than 1 percent on Tuesday, with Beijing announcing after the close that it would take countermeasures in response to the latest round of U.S. trade tariffs. China’s commerce ministry said in a statement that it had “no choice but to retaliate” to the latest move
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The escalating trade war between the U.S. and China could lead to a “global economic crisis,” according to George Yeo, a former Singapore foreign and trade minister. Yeo, currently chairman of Hong Kong-based Kerry Logistics Network, said his company has actually benefited in the short term from the tariff conflict between the world’s two largest
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U.S. trade tensions with China and other countries may be a good thing because they can keep economies from overheating and reduce the need for central bank intervention, according to the chief investment officer of bond giant Pacific Investment Management Co. “To the extent a moderate degree of trade tension is leading to slowing growth
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Global stocks fell Thursday amid heightened concerns over the escalating trade dispute between the U.S. and China. The Stoxx Europe 600 was down 0.3% in early morning trading, while in Asia the Shanghai Composite Index dropped 2% and Hong Kong’s Hang Seng fell 2.3%. Japan’s Nikkei and South Korea’s Kospi were also down, by 1%
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Commodities fell in June as the production of agricultural commodities increased, while rising trade tensions among major economies threatened demand. The Bloomberg Commodity Index Total Return performance was lower for the month, with 16 out of 22 Index constituents posting losses. Credit Suisse Asset Management observed the following: • Agriculture declined 10.48%, led lower by
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