Trade

EU, China Strike ‘In Principle’ Trade Agreement Amid Backlash From Incoming Biden Gov’t, Reports Say
Seven years of negotiations have concluded just days after Brussels and London agreed on a post-Brexit trade deal and ahead of tensions with the incoming Biden administration, according to reports. China and the European Union announced a long-awaited investment deal confirmed by Chinese president Xi Jinping and European Commission president Ursula von der Leyen, media reported on Wednesd [...]
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US left out as Asia Pacific nations strike world’s biggest trade deal
Ten members the Association of Southeast Asian Nations (ASEAN) and five other Asia-Pacific countries, including regional leader China, have inked the world’s largest free-trade pact that covers nearly a third of global economy. The long-discussed agreement, officially known as the Regional Comprehensive Economic Partnership (RCEP), was signed on the sidelines of the annual ASEAN summit on S [...]
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China about to pull off ‘diplomatic coup’ by striking world’s largest free trade agreement
Fifteen Asia-Pacific nations including China and Japan plan to sign the world’s biggest free trade deal this weekend. The FTA will cut tariffs, strengthen supply chains with common rules of origin, and codify new e-commerce rules. The Regional Comprehensive Economic Partnership (RCEP) is expected to be announced at the Association of Southeast Asian Nations (ASEAN) Summit, which Vietnam is [...]
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Russia to dominate world’s platinum & palladium production with new Arctic project
The Arctic Palladium project which involves development of several platinum-group metal deposits on Russia’s Taimyr Peninsula is nearing completion. It is expected to turn Russia into the world’s top producer of platinum metals. The platinum-group metals (PGMs) is a group of six metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum. They have similar physical and chemical p [...]
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Customers Turn Down American LNG in Growing Numbers Amid Global Supply Glut, Traders Say
American LNG exports are estimated to have dropped by around a half since January due to a collapse in demand which led to lack of storage space in overseas facilities. Buyers of US-extracted liquefied natural gas (LNG) may cancel up to 60 percent of July orders, as the energy industry is reeling from a global glut caused by the coronavirus pandemic, Bloomberg reports, citing a survey of [...]
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Russia & Qatar to deepen cooperation in a bid to boost investment and trade
Russia’s Roscongress Foundation and the Qatar Investment Promotion Agency have inked a document during the Doha Forum that sets up a joint working group for coordination of investment activities and business projects. The agreement was signed on Sunday, when a Russian delegation held a panel session titled ‘Developing the High-Tech Sector in Russia: Prospects for Venture Investment’ on the s [...]
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Last week’s repo meltdown points to 2008 financial crisis & may lead to new bank crashes – Keiser Report
Forecasting the imminent demise of European banks, an expert talks RT’s Keiser Report through last week’s repo market meltdown and what it may indicate. “The treasuries that settled last week didn’t go well on the funding market – the Fed had to step in and do a $75 billion repo facility on an overnight basis for these treasury securities,” [...]
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Huawei dominates global race to 5G, inking over 50 contracts despite US crackdown
Chinese telecom giant Huawei has secured more than 50 commercial contracts for 5G across the world, according to the company’s board member and Senior Vice President Catherine Chen, who was cited by news agency Xinhua. [...]
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Special EU channel to allow trade with Iran, circumvent US sanctions is now operational – statement
A special trade channel that will allow European firms to bypass American sanctions on Iran is operational - that was the outcome of the meeting between the countries who signed the nuclear deal ditched by US. [...]
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US trade deficit soars to decade high of $621 billion despite Trump pledge to bridge the gap
Despite the trade war against China and numerous import tariffs imposed on a number of countries, the US trade deficit hit a 10-year high of $621 billion last year, the US Commerce Department reported. [...]
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‘Stupid economics’: Attack on Huawei tells world to avoid doing business with US – Prof. Wolff
The US has underestimated the consequences of the attack on Chinese telecom giant Huawei as it sends a strong signal for the rest of the world to avoid dealing with such an unstable partner, professor Richard Wolff believes. [...]
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Washington and Wall Street wake up to the reality that Beijing is happy to walk away
As Wall Street reels from the shock of a trade war exploding to new heights in the form of tariffs and counter tariffs, there’s another reality that is setting in — that China seems happy to walk away from trade talks. [...]
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EU Reveals List of $20 Bln of US Goods Under Threat of Tariffs Amid Boeing Row
Last week, US trade authorities published a preliminary list of EU products which could face additional duties in retaliation to EU subsidies to Airbus. The EU, in turn, stated on Tuesday that it will release on Wednesday a list of products that might face new duties over US state subsidies to aircraft manufacturing giant Boeing. [...]
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Pompeo seeks to recruit top world oil execs to promote US foreign policy
US Secretary of State Mike Pompeo has sought to recruit some of the top oil industry guns to serve as Washington's foreign policy tools to crack down on "bad actors" like Venezuela, Russia and Iran. [...]
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Russia’s trade with China surges to more than $107 billion
Trade turnover between Russia and China soared by nearly 30 percent in 2018, reaching a record number of $107.06 billion, according to the latest report released by China’s General Administration of Customs (GAC). The agency noted that last year Russian imports of Chinese goods increased by 12 percent to $47.98 billion. [...]
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