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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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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NEW DELHI: Commerce and Industry Minister Suresh Prabhu has said India and the US have exchanged offers for a possible trade deal with a view to resolving issues related to bilateral commerce. “The negotiations are ongoing. Of course, at this stage they have given an offer and we have also given a counter-offer and we
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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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Cargo Shop 2018 – Shippers & LSP Forum, on October 13, 2018 at Hotel Hyatt Regency, Viman Nagar, Pune was an unequivocal success. The first such event in Pune and Exim India’s maiden conference in this key cargo hub was highlighted by a line-up of eminent speakers and panelists from the region and beyond, and
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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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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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The Minister of State for Road Transport and Highways, Shipping and Chemicals and Fertilisers, Mr Mansukh Mandaviya, in an interview, has said that several significant steps have been taken by the present government to boost and develop coastal shipping as the most efficient mode of transportation of cargo. During this interview, he said that development
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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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