China says U.S. should change attitude or risk conflict
BEIJING, March 7 (Reuters) – The United States should change its “distorted” attitude towards China or “conflict and confrontation” will follow, China’s foreign minister said on Tuesday, while defending its stance on the war in Ukraine and defending its close ties with Russia.The U.S. had been engaging in suppression and containment of China rather than […]
China says must advance relations with Russia as world becomes more turbulent
BEIJING, March 7 (Reuters) – China must advance its relations with Russia as the world becomes more turbulent, Foreign Minister Qin Gang said on Tuesday.Speaking to reporters at an annual parliamentary session in Beijing, Qin said the close interactions between both leaders – President Xi Jinping and President Vladimir Putin – provided the anchor for […]
China’s trade with Russia surges at double-digit pace in Jan-Feb
BEIJING, March 7 (Reuters) – China’s exports and imports with Russia surged at a double-digit pace in January-February from a year earlier, customs data showed on Tuesday, as China said it had to advance relations with its northern neighbour in an increasingly turbulent world.China’s exports to Russia jumped 19.8% in the first two months, to […]
US prepares new rules on investment in technology abroad- WSJ
March 3 (Reuters) – The Treasury Department is preparing a new program that could prohibit U.S. investment in certain sectors of adversarial nations, the Wall Street Journal reported on Friday citing copies of reports provided to lawmakers on Capitol Hill viewed by the newspaper.The Biden administration’s work on the new rules would in practice largely […]
Saudi minister warns sanctions, underinvestment may cause energy shortages
DUBAI, Feb 5 (Reuters) – Saudi Energy Minister Prince Abdulaziz bin Salman warned on Saturday that sanctions and underinvestment in the energy sector could result in a shortage of energy supplies.The European Union has imposed a series of sanctions against Russia, reducing Russian energy exports, and other Western powers have also imposed measures as they […]
Russia seeks ‘new level’ of China ties
MOSCOW, Jan 30 (Reuters) – Russia said on Monday that it wanted to take ties with China to a “new level” and was looking forward to face-to-face talks with Beijing’s leadership as a Russian newspaper reported that China’s top diplomat would visit Moscow in February.”We are convinced that the potential for Russian-Chinese bilateral cooperation is […]
Brazil and Argentina to discuss common currency
BUENOS AIRES, Jan 22 (Reuters) – Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned.”We intend to overcome the barriers to our exchanges, simplify and modernize the rules and encourage […]
Gold back up above $1,900 level as dollar loses ground
Jan 18 (Reuters) – Gold reversed course to trade higher on Wednesday as the U.S. dollar pulled back from session highs and expectations of a slower pace of Federal Reserve rate hikes supported prices above the $1,900 threshold.Having dipped in the last two sessions, spot gold rose 0.5% to $1,917.26 per ounce by 1254 GMT, […]
China’s 2022 economic growth one of the worst on record, post-pandemic policy faces test
China Q4 GDP growth slows; 2022 growth one of worst on record2022 GDP grows 3.0%, far below official targetDec factory output, retail sales weak but beat expectationsPopulation shrinks for the first time since 1961Policymakers vow to step up support for economy in 2023BEIJING, Jan 17 (Reuters) – China’s economic growth in 2022 slumped to one […]
IMF says fragmentation could cost global economy up to 7% of GDP
WASHINGTON, Jan 15 (Reuters) – A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund said in a new staff report.Tne IMF said even limited […]