LONDON: Oil prices rose on Tuesday after a volatile session sparked by confusion over the status of the US-China trade deal.Markets were unsettled by surprise comments from White House trade adviser Peter Navarro, who said the hard-won deal was "over", though US President Donald Trump later soothed jangled nerves with an assurance that the agreement was fully intact.Brent crude rose 49 cents, or 1.1 per cent, to $43.57 a barrel by 0933 GMT, having skidded to a session low of $42.21. US oil was up 48 cents, or 1.2 per cent, at $41.21 a barrel after touching a low of $39.76.US-China relations have reached their lowest point in years since the coronavirus pandemic that began in China hit the United States hard. President Trump and his administration have repeatedly accused Beijing of not being transparent about the outbreak.Oil prices were also supported by data showing that the historic downturn in the euro zone economy eased again this month as businesses resumed activity across the … [Read more...] about Crude oil prices rise after Trump assurance on China trade deal
Nepal china trade volume
During the period, the city's trade with the ASEAN countries and Mexico both rose by nearly 10 percent. It also reported positive trade growth with other major trading partners, including the European Union, Britain, Japan and the Republic of Korea. Enditem … [Read more...] about China’s Shenzhen sees foreign trade volume up 2 pct in Jan.-Aug.
As this year's Guest Country of Honor, the Philippines had a 400-square-meter national pavilion. With some Philippine enterprises unable to come to the site due to the pandemic, visitors could scan the QR codes in the pavilion to learn about projects and products, or step into the negotiating room and talk to people in the Philippines directly via video link. … [Read more...] about China Focus: China trade fair offers business opportunities amid pandemic
This summer, however, there has been no trade because of the COVID-19 outbreak. And as they watch the trading season draw to a close without any earnings, the 200 traders from Sikkim, like Mr. Bhutia, now fear the tension between India and China at the Line of Actual Control (LAC) in Ladakh may affect their business next year too. … [Read more...] about India-China standoff casts shadow on Nathu La border trade
Whether this growth momentum can be sustained depends to a large extent on efforts in other parts of the world to contain the pandemic. If a second wave of the contagion occurs, it will definitely delay their economic recovery and affect China's external demand, said Sang Baichuan, an economics professor at the University of International Business and Economics in Beijing. … [Read more...] about Foreign trade results better than expected