TRADE WARS - NANO DAILY

China defends WTO in face of Trump rebuke

Mar 02, 2017 (AFP)

China said Thursday it will continue to support the "open and unbiased" World Trade Organization (WTO) in a statement that came on the heels of an announcement ...

WTO faces first attack from US under Trump

Mar 02, 2017 (AFP)

The World Trade Organization on Thursday became the target of a first concrete attack launched by US President Donald Trump's administration when Washington dec...

China to cut 500,000 steel and coal jobs this year

Mar 01, 2017 (AFP)

China said Wednesday it will cut 500,000 jobs in the steel and coal industries this year as it continues to trim excess capacity in the smokestack sectors amid ...

Asia must spend $26 tn on infrastructure by 2030: ADB

Feb 28, 2017 (AFP)

Asian nations must spend $26 trillion by 2030 on infrastructure to battle poverty, boost economic growth and fight climate change, the Asian Development Bank wa...

Global art sales plummet, China biggest market: report

Feb 27, 2017 (AFP)

Global art sales plunged in 2016 as the number of high-value works sold dropped by half, while China regained its status as the world's top market, Artprice sai...

Xu Zhi star of Chinese fashion boom with Armani nod

Feb 26, 2017 (AFP)

Hot up-and-coming designer Xuzhi Chen has landed his first show in Milan with the support of veteran Giorgio Armani, as China takes its place on the luxury fash...

China overtakes US as Germany's top trade partner

Feb 24, 2017 (AFP)

China overtook the United States last year to become Germany's biggest trading partner for the first time, official data showed, a shift likely to reassure Berl...

China selects new chiefs for top economic posts

Feb 24, 2017 (AFP)

China has replaced its commerce minister and the head of its top economic planning body, state media said Friday, as the country grapples with mounting financia...

US Treasury's Mnuchin dials back Trump economic promises

Feb 23, 2017 (AFP)

US Treasury Secretary Steven Mnuchin on Thursday dialed back some of President Donald Trump's economic policy pledges, including on growth and China's currency....

Trump plots 'tough policies' to return jobs from China

Feb 23, 2017 (AFP)

President Donald Trump huddled with US manufacturing moguls at the White House Thursday, discussing "tough policies" to bring "our jobs back" from places like C...

HSBC profits plunge as bank navigates political storms

Feb 21, 2017 (AFP)

HSBC profits plunged last year on huge writedowns and restructuring charges, the banking titan said Tuesday, warning of uncertainty over Brexit and Donald Trump...

China's huge debt poses big headache for central bank

Feb 20, 2017 (AFP)

Chinese banks lent more money in January alone than the annual GDP of South Africa, as borrowers rushed to take advantage of government policies intended to sti...

Trump trade strategy 'doomed to failure:' US trade expert

Feb 16, 2017 (AFP)

President Donald Trump's rejection of multilateral trade agreements in the Asia-Pacific in favor of one-on-one deals is "doomed to failure," a noted US trade ex...

China outbound investment plunges under new curbs

Feb 16, 2017 (AFP)

China's direct overseas investment plummeted 35.7 percent year-on-year in January, official data showed Thursday, after officials rolled out rules to curb a rec...

EU Parliament backs landmark Canada trade deal

Feb 15, 2017 (AFP)

The European Parliament backed a contested EU-Canada free trade deal on Wednesday, facing down protests by activists and Donald Trump-inspired calls for protect...

EU Parliament to vote on Canada trade deal

Feb 15, 2017 (AFP)

The European Parliament holds a landmark vote Wednesday on a contested EU-Canada free trade deal amid rising anti-globalisation sentiment in Europe. If MEPs bac...

Surge in China factory-gate prices fans inflation hopes

Feb 14, 2017 (AFP)

Chinese factory-gate prices climbed for a fifth straight month in January, the government said Tuesday, fuelling hopes the world's biggest goods trader can expo...

IAI completes IUHDSS port security project in India

Feb 14, 2017 (UPI)

Israel Aerospace Industries has completed and delivered its Integrated Underwater Harbor Defense and Surveillance System project for India's navy. The project, ...

Canada PM Trudeau to talk up trade in Europe

Feb 14, 2017 (AFP)

Prime Minister Justin Trudeau will seek to quell protectionist headwinds when he travels to Europe to mark the EU parliament's ratification of a landmark free-t...

China's steel capacity grew in 2016 despite pledges

Feb 13, 2017 (AFP)

China increased its steelmaking capacity last year by more than twice Britain's annual output, a report said Monday, despite repeated pledges to cut huge excess...