IMF: Investor Confidence in China Hurt by Escalation of Trade Tensions

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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Trade barriers and retaliatory measures mark a shift away from unambiguous support for the norms of the international trading system GENEVA: Global economic growth is exceeding expectations this year but heightened geopolitical tension and uncertainty over international trade could thwart progress, according to a new United Nations report. The global Gross Domestic Product (GDP) is
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Bank of Spain Governor Luis Maria Linde said on Monday that political tensions over a secession bid by the northern region of Catalonia could damage confidence in the Spanish economy. “Internally, political tensions in Catalonia could generate episodes of lack of confidence,” Linde said in a speech before the Spanish parliament. The Spanish economy has
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Oil prices have soared amid worries about fighting in the Middle East, but it is not yet clear whether elevated tensions will continue to support the recent rally, according to the latest monthly report from the International Energy Agency (IEA). “Political uncertainty in the Middle East has returned to the fore,” the IEA said in
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