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US fund managers brace for trade war with focus on pricing power
Mon, Apr 23, 2018
So far, domestic small-to-mid-cap companies that get most of their revenues at home have weathered prospects of higher trade costs the best, with the Russell 2000 index of smaller companies up 2.8 percent for the year, nearly double the 1.5 percent gain in the larger-cap and more internationally-exposed S&P 500 index over the same time
US-China trade war to hurt global growth, says EIU
Sun, Apr 22, 2018
According to the Economist Intelligence Unit (EIU) report, while global trade will be overshadowed by the ongoing dispute between China and the US, appetite for new free-trade deals will continue in the rest of the world including those involving India
US-China trade war to hurt global growth: EIU
Sat, Apr 21, 2018
According to the Economist Intelligence Unit (EIU) report, while global trade will be overshadowed by the ongoing dispute between China and the US, appetite for new free-trade deals will continue in the rest of the world including those involving India. "Our assumption that protectionism will rise, but that a trade war will be averted, means that global trade growth will continue to slow in 2019-22, to an average of 3.5 per cent a year," the EIU report said
Control over debt level major challenge for China, says IMF
Thu, Apr 19, 2018
China has to tackle two challenges: the overall rebalancing of its economy, and the issue of vertical imbalance in the public finances.
No, China will not beat India to fastest growing economy tag; here is why
Wed, Apr 18, 2018
The International Monetary Fund (IMF) says that India will retain its top spot as the world`s fastest growing economy, helped by structural reforms and the fading of the effects of demonetisation and the new goods and services tax system.
Comparisons between India, China unfair: Raghuram Rajan
Fri, Apr 13, 2018
Rajan, who is currently the Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago's Booth School of Business, gave The 2018 Albert H Gordon Lecture on April 11 at the Harvard Kennedy School on the topic ?Leverage, Financial Crises, and Policies to Raise Economic Growth'.
Gold hits one-week high on dollar weakness, geopolitical tensions
Wed, Apr 11, 2018
Russia and the United States tangled on Tuesday at the United Nations over the use of chemical weapons in Syria as Washington and its allies considered whether to strike at President Bashar al-Assad`s forces over a suspected poison gas attack last weekend.
China-Pakistan Economic Corridor being extended to Afghanistan: Report
Sun, Apr 08, 2018
China-Pakistan Economic Corridor: The BRI has injected "fresh vitality" to Asia's economic cooperation and helped the continent to reshape its international relations, said the Asian Competitiveness Annual Report 2018 released here on the sidelines of China's Boao Forum for Asia (BFA) annual conference
Donald Trump says he sees an end to the escalating trade dispute with China
Sun, Apr 08, 2018
Donald Trump said in a tweet. "Taxes will become reciprocal & deal will be made on Intellectual Property. Great future for both countries!" He added that he and Chinas President Xi Jinping "will always be friends, no matter what happens with our dispute on trade." US stocks plunged more than two per cent Friday after Trump warned of tariffs on an additional USD 100 billion of Chinese imports, provoking a strong response from Beijing and fanning fears of a full-blown trade war
US stocks plummet 550 pts amidst fear of trade war; White House says no going back on China
Sat, Apr 07, 2018
This, despite the fact that the Dow plummeted 550 points yesterday amidst reports of a growing tension between the two largest economies of the world. US President Donald Trump yesterday ramped up his trade war rhetoric with China, seeking USD 100 billion in additional tariffs on Chinese products. This is in addition to the proposed 25 per cent import tariffs worth USD 50 billion on some 1,300 Chinese products being imported into the US
US-China trade war: Winners and losers from trade tit-for-tat
Thu, Apr 05, 2018
The trade tension brewing between the world`s two largest economies hit global markets, with shares of industrial companies with exposure to Chinese markets, such as Boeing Co and Deere & Co, among the hardest hit.
China hits back at US with 25% tariff hike on American products
Wed, Apr 04, 2018
The Chinese Customs Tariff Commission of the State Council, in a retaliatory measure, decided to impose additional tariff of 25 per cent on 106 items of products under 14 categories worth USD 50 billion, the Ministry of Finance said in a statement. The date of implementation will depend on when the US government imposes the tariffs on Chinese products.
Centre imposes 10% tax on import of key smartphone parts to boost PM Modi's Make in India drive
Mon, Apr 02, 2018
A 10 percent customs tax was also imposed on the imports of camera modules for phones and connectors. The move, part of a phased manufacturing plan for lifting local production of mobile devices, is aimed at boosting Prime Minister Narendra Modi`s flagship `Make In India` drive to turn the country into a manufacturing hub, like neighbouring China.
How China can help India take a giant leap in Artificial Intelligence
Mon, Apr 02, 2018
Measured by start-up financing deals and dollars from venture capitalists, the United States` AI start-up ecosystem currently dominates -- followed by China, says a recent Accenture analysis titled "Rewire for Growth". When it comes to India, the number of AI start-ups has increased since 2011 at a compounded annual growth rate of 86 per cent .
US-China Trade War: From pork to fruit, Beijing slaps tariffs on 128 US products
Mon, Apr 02, 2018
China`s tit-for-tat move comes after US President Donald Trump announced to impose trade charges of up to $60 billion on Chinese imports on March 22 and did not revoke them despite Beijing`s stern warning. The Customs Tariff Commission of the State Council has decided to impose a tariff of 15 per cent on 120 items of products imported from the US including fruits and related products, and a tariff of 25 per cent on eight items of imports including pork and related products from the country, according to a statement posted on the ministry website
OBOR important initiative to foster regional cooperation, but entails risks as well: IMF
Fri, Mar 30, 2018
IMF Managing Director Christine Lagarde will travel to Beijing early next month to attend the joint IMF-PBC, the Peoples Bank of China conference on the Belt and Road Initiative.
Trade war: China warns US not to open Pandora's Box, unleash protectionist practices on world
Thu, Mar 29, 2018
China`s biggest US imports are aircraft and related equipment, soybeans and autos, with the total bill about $40 billion last year. "The malicious practices of the United States are like opening Pandora`s Box, and there is a danger of triggering a chain reaction that will spread the virus of trade protectionism across the globe," a commerce ministry spokesman said.
Must tweak rules to stop entry of Chinese fabrics: Official
Wed, Mar 28, 2018
According to the official, India allowed duty-free import of readymade garments from Bangladesh under SAFTA in 2006 and this facility was limited to eight million pieces. However, in 2010, this quantitative restriction was lifted. "Bangladesh imports Chinese fabrics and converts them into garments using its cheap labour. It exports these garments to India without the need for paying any import duties
India, China agree to draw roadmap to address trade deficit: Com Min
Tue, Mar 27, 2018
India and China have agreed to draw a roadmap with clear timelines to boost bilateral trade in a sustainable manner, the commerce ministry said today. Trade and other related issues were discussed during the meeting of China-India joint-group on economic relations, trade, science and technology h
China promises to address trade deficit issue with India
Mon, Mar 26, 2018
The issue of trade imbalance with the neighbouring country was discussed in detail during the meeting of India-China Joint Group on Economic Relations, Trade, Science and Technology here. Commerce and Industry Minister Suresh Prabhu and his Chinese counterpart Zhong Shan chaired the meeting. Both the sides deliberated upon ways to boost two-way trade, preparation of an action plan, greater focus on Regional Comprehensive Economic Partnership (RCEP) and e-dialogue