China’s copper imports soars to eight-month high

China’s copper imports soars to eight-month high China’s copper imports rose 10.15% in September, making it their highest in eight months as high prices drew shipments to Shanghai, the world’s top consumer of the metal. According to the General Administration of Customs, the arrival of unwrought copper, refined, and semi-finished copper products stood at 445,000 […]

South Africa is working to attract private investors; Ramaphosa says

South Africa is working to attract private investors; Ramaphosa says South African President Cyril Ramaphosa told the Financial Times Africa Summit that the country was working to restore its institutions and secure private investment in order to grow the economy. Ramaphosa, whose nation is struggling to gain momentum for economic growth, also said that they […]

Analysts see Trump’s hailing of $50 billion in Chinese farm purchases as “meaningless”

Analysts see Trump’s hailing of $50 billion in Chinese farm purchases as “meaningless” China is still distant from buying $50 billion worth of agricultural goods from the United States according to analysts from the industry. They cautioned that this could only pull through if substantial technical and political hurdles have been removed. As part of […]

No-Deal Brexit could cost Ireland 73,000 jobs; central bank says

No-Deal Brexit could cost Ireland 73,000 jobs; central bank says A no-deal Brexit could cost Ireland more than 73,000 jobs over the next two years, the nation’s central bank said. According to the bank’s speculations, if the U.K. were to leave the European Union without an agreement, Ireland’s unemployment rate would rise to 5.8% in […]

Brexit deal likely to be reached by October 31; Irish PM says

Brexit deal likely to be reached by October 31; Irish PM says Irish Prime Minister Leo Varadkar said on Thursday that he believed a Brexit deal was likely to be reached on October 31. The Prime Ministers of the U.K and Ireland released a joint statement saying that they saw a potential pathway to a […]

China’s September exports expected to drop by 3%

China’s September exports expected to drop by 3% China’s exports fell at a slightly faster pace in September as reducing global demands and U.S. tariffs intensified. Meanwhile, imports shrank for a fifth month straight, suggesting that pressure on the economy has been increasing. As more U.S. tariff measures against China are set to take effect […]

U.S. blacklisting lowers China’s expectations for trade talks

U.S. blacklisting lowers China’s expectations for trade talks Following the U.S. blacklisting of several Chinese companies, China has lowered its expectations for significant progress from the week’s trade talks with the United States. This was expressed by Chinese government officials despite U.S. President Donald Trump showing fresh optimism about the talks. While Beijing has shown […]

U.S. futures flat ahead trade talks

U.S. futures flat ahead trade talks U.S. futures were flat on Thursday as investors remained cautious from mixed signals ahead of trade talks between the U.S. and China. The South China Morning Post reported that no progress has been made in deputy-level trade talks on Thursday, saying it will only last a day instead of […]

India seeks safeguards in China-led trade pact

India seeks safeguards in China-led trade pact India wants safeguards to be built into a China-led trade pact to prevent a sudden surge in imports, the Indian trade ministry said on Wednesday. Negotiators for the 16-nation Regional Comprehensive Economic Partnership (RCEP) are in Bangkok this week for talks aimed at finalizing the giant free trade […]

Zimbabwe hikes electricity prices, affecting impoverished consumers

Zimbabwe hikes electricity prices, affecting impoverished consumers Zimbabwe hiked its average electricity tariff by 320% on Wednesday in attempts to ramp up power supplies at a time of daily blackouts. However, the move has angered consumers already grappling with soaring inflation that is eroding their earnings. The southern African nation is experiencing its worst economic […]

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