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Monday, July 13, 2020

US team to visit China for talks during trade truce: report

  Washington and Beijing have exchanged tit-for-tat tariffs on more than $300 billion in total two-way trade A US government delegation will travel to Beijing in early January for the first face-to-face talks since President Donald Trump and his Chinese counterpart agreed to a truce in...

JP Morgan: Chinese investors are bullish on global stocks — at least for now

BY Kelly Olsen Chinese investors are bullish on global stock markets in 2019, according to a survey by J.P. Morgan Asset Management. The nearly 200 investors surveyed say they see the global slowdown as a bigger worry than...

World’s urban growth will surge most in India, China and Nigeria – UN

Ellen Wulfhorst UNITED NATIONS, May 16 - T wo-thirds of people in the world will be living in cities by 2050, and the boom will be concentrated in three countries - India, China and Nigeria, according to United Nations estimates released on Wednesday. The world’s...

Covid-19 could knock-off $4bn from Africa’s commodity revenues

By Ruth Olurounbi As global cases of the virus have passed 80,000, a new report warns that sub-Saharan African economies could be badly hit, even if there were no outbreaks of the disease on the continent. The fast-spreading virus could impact sub-Saharan Africa by as...

Here are African economies suffering consequence of coronavirus outbreak as China cuts oil demand

Africa’s resource-dependent economies are braced for a slowdown as coronavirus hits demand from one of their biggest buyers, China, sending oil prices lower and prompting the International Monetary Fund to downgrade growth forecasts for Nigeria, the continent’s largest economy. The IMF late on Monday slashed...

From economic pressures to disruptive technology,2020 outlook dips for global banks, Moody’s say

The outlook for the global banking sector has dipped to negative from stable amidst weak economic growth, low rates and challenging operating conditions, declared Moody’s Investors Service in a release published Dec. 5. “Risks are on the downside for banks,” said Simon Ainsworth, associate managing...

Economist: Next week’s US jobless claims could hit 2 million as coronavirus halt slams labor market

Next Thursday’s look at weekly new jobless claims may show a tenfold spike to 2 million, Ian Shepherdson told CNBC. The chief economist at Pantheon Macroeconomics based his prediction on early jobless claims emerging from states across...

Why Facebook should be regulated like a cigarette company, says Salesforce CEO

Salesforce CEO Marc Benioff spoke to CNBC's "Squawk Alley" on Tuesday. Benioff said that social media needs to be regulated like every other industry. Election interference has opened the door for the government to clamp down on social media companies. But while executives from...

The current bond yield stagnation mirrors late-1800s ‘long depression,’ economist suggests

TS Lombard compared the current persistent low-rate equilibrium and market hysteresis against the Bank of England’s historical database to analyze past “secular real-rate depressions” and what event triggered their reversal. The current “secular stagnation” for bond yields offers close parallels to...

China’s trade surplus with U.S shrinks

China’s trade surplus with the United States narrowed to 14.72 billion dollars in February, from 27.3 billion dollars in January, customs data showed on Friday. For January-February combined, China’s trade surplus with the U.S. stood at 42.1 billion dollars. China’s large trade surplus with the United...
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