Tag: #TradeDeal
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Australia, Indonesia move to implement trade deal
Sydney, Feb 10 (AFP/APP): Australia and Indonesia announced a 100-day plan on Monday to implement a long-awaited trade deal, as the two countries hailed a “new beginning” for their sometimes troubled relationship. The two G20 economies hope to deepen trade currently worth a modest US$12 billion a year, in a region increasingly dominated by China’s…
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Asian markets swing after recent gains but mood remains upbeat
Hong Kong, Jan 20 (AFP/APP): Most Asian markets fluctuated Monday as investors took a step back after last week’s rally, though the mood remains upbeat after the China-US trade pact was signed, while the global outlook appears a little rosier. Focus now turns to the release of corporate earnings, with big US names including Netflix,…
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Global equities gain on trade deal, Chinese data
New York, Jan 17 (AFP/APP): Global equities rose on Friday, with Wall Street stocks ending at fresh records, as solid Chinese economic data brightened the global outlook following the landmark US-China trade deal earlier in the week. European markets were all higher following signs the Chinese economy is stabilizing. “China released some broadly positive economic…
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Chinese economic growth hits three-decade low
Beijing, Jan 17 (AFP/APP): China’s economy grew last year at its slowest pace in three decades, hit by weak domestic demand and trade tensions, but while officials warned of further headwinds, separate figures Friday suggest the downward trend is bottoming out. The 6.1 percent rate is a sharp drop from the 6.6 percent the year…
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Dow, S&P 500 end at records as US and China sign long-awaited deal
New York, Jan 16 (AFP/APP): Major Wall Street stock indices edged to fresh records on Wednesday while European and Asian markets mostly retreated as the United States and China signed a long-anticipated trade agreement. Both the Dow and S&P 500 finished at all-time highs, while the Nasdaq ended barely positive. Analysts increasingly question whether valuations…
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US, China set to sign vital trade truce
Washington, Jan 15 (AFP/APP): The world’s two dominant economic powers, the United States and China, are poised to sign a trade truce Wednesday that will allow businesses around the globe to breathe a sigh of relief. Although tariffs on hundreds of billions of dollars of two-way trade will remain in place, likely at least until…
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US-China ‘Phase One’ trade deal to be signed January 15
Washington, Jan 1 (AFP/APP): A partial new US-China trade agreement will be signed in the middle of next month, US President Donald Trump said Tuesday, announcing that he will also then travel to China for continued talks. Trump’s tweet, sent moments before Wall Street opened for the year’s final trading day, set a calendar date…
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US, Mexico, Canada finalize trade deal
Mexico City, Dec 11 (AFP/APP): The United States, Mexico and Canada signed a deal Tuesday to finalize their new trade agreement, paving the way to ratification after more than two years of arduous negotiations. However, the impeachment trial of President Donald Trump in the US Senate would likely delay Congressional ratification of the agreement until…
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US, China negotiators hold ‘constructive’ call on trade deal: ministry
Beijing, Nov 17 (AFP/APP): Top Chinese and US trade negotiators held “constructive” discussions over the phone on a preliminary trade deal between the two countries, China’s commerce ministry announced in a statement on Sunday. The long-running trade war between Washington and Beijing has weighed on the global economy and spooked markets, with the two sides…
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Stock markets climb as trade optimism lingers
New York, Nov 8 (AFP/APP): Stock markets rose on Thursday, boosted once more by hopes of a China-US trade deal, with some looking to December for an accord between the two economic superpowers. The pound slipped meanwhile on talk that a Bank of England rate cut could be in the pipeline after the central bank…