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Tag Archives: US

European Shares Inch Lower Ahead Of Sino-U.S. Trade Deal

European shares treaded water as investors awaited the signing of an initial trade truce to end a prolonged U.S.-China tariff dispute, with attention also turning to the fourth-quarter corporate earnings season. The Phase 1 Sino-U.S. trade deal, due to be signed in Washington soon, marks the first step in winding down the prolonged and damaging trade war. In further signs of goodwill, ...

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US Senator In Support Of USMCA

US Senator Steve Daines expressed his support for the US-Mexico-Canada (USMCA) trade agreement. The deal would replace NAFTA as a multilateral trade agreement designed to encourage freer and fairer trade between the three North American countries. Daines voted for the USMCA trade agreement to advance out of the Senate Finance Committee, which has jurisdiction over international trade deals, and onto the Senate ...

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Island Interests In The Spotlight After Brexit

Jersey will work to reforge its business links around the world as the UK looks to broker new trade deals with the likes of the EU, US, Australia and New Zealand after Brexit, a new government report says. Following the passing of the Withdrawal Bill in the House of Commons earlier this month, the UK is preparing to renegotiate free trade ...

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US Election, Brexit And China To Sway The Markets In 2020

Donald Trump’s attempt to win a second term is likely to dominate the headlines for much of the next 12 months. Markets often do well in an election year – partly because the White House incumbent has every incentive to make people feel richer. Trump is rumoured to be considering a fiscal boost known as tax cuts 2.0 which could lift his ...

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India Looks To Russian Coal To Lessen Dependence On US, Canada & Australia

India looks to Russian coal to lessen dependence on US, Canada & Australia. India and Russia are in talks to source coking coal in Russia’s Far East, as New Delhi is seeking to diversify from its traditional suppliers such as the US, Canada and Australia. In 10 years, the South Asian country is expected to need twice more coal than ...

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Kenya’s Tax On Digital Trade and Services

Kenya will start levying new tax on digital markets under a new law signed by the president early in November. The Finance Act seeks to broaden the Income Tax Act net to include income accruing through a digital market place. The law defines the digital marketplace as a platform that enables direct interactions between buyers and sellers of goods and ...

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Asia Stocks Fall As Trump Delays Trade Deal With China

U.S President Donald Trump said the trade deal with China may be delayed. As a result, stocks in Asia traded low. Australian shares, which experienced a growth in its economy in September, also experienced losses in major markets. Similarly Japan, South Korea and Mainland Chinese stocks tumbled down marginally. Investors were anticipating a breakthrough in the trade deal between China and ...

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Vietnam Benefits From US-China Trade War

Vietnam has seen an influx of economic activity as companies seek to avoid tariffs on Chinese imports. U.S. companies that do business overseas are looking to diversify their business because of uncertainty about the U.S. relationship with China. Vietnam’s exports to the United States were 35% higher in the first nine months of 2019 compared to the first nine months ...

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U.S.-China Trade Deal Close, Negotiations Continue

The United States and China are close to agreement on the first phase of a trade deal, U.S. President Donald Trump said, after top negotiators from the two countries spoke over the telephone and agreed to keep working on remaining issues. Trump said Washington was in the “final throes” of work on a deal that would defuse a 16-month trade ...

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New Zealand Impacted Less By US-China Trade War

Exporters in China and US have experienced adverse impact owing to tariff hike but New Zealand is one country that somehow remained unaffected by non-tariff barriers. Despite disruptions in value chains, trade tensions between China and US appear to have left New Zealand exporters unharmed for now. The country managed an overall growth of 4.7% in merchandise exports over the ...

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