Asian stock markets have risen after Chinese factory activity improved ahead of a possible US tariff hike on Chinese imports. Benchmarks in Shanghai, Tokyo and Hong Kong advanced.Associated Press
For the first time since the Great Recession a decade ago, the US Federal Reserve is poised to cut interest rates, shoring up America’s defenses as the global economy weakens.
A host of US consumer companies have warned that costs related to tariffs on goods imported from China would weigh on their results. The United States increased tariffs on $200 billion worth of Chinese goods to 25% from 10% in May.
World shares rallied on Tuesday to hold near one-month highs, with German carmakers outperforming and Wall Street looking to extend gains after the United States stepped back from imposing tariffs on Mexico.
The new virus took aim at a broadening swath of the globe on Monday, with officials in Europe and the Middle East scrambling to limit the spread of an outbreak that showed signs of stabilizing at its Chinese epicenter but posed new threats far beyond.
DP World, the leading enabler of global trade, and one of the world’s largest port operators, announced on Tuesday it has completed the acquisition of Fraser Surrey Docks from Macquarie Infrastructure Partners,
First Abu Dhabi Bank (FAB), concluded its General Assembly Meeting on Monday at FAB’s headquarters in Abu Dhabi. According to a statement released by FAB, all items on the agenda were discussed