An employee counts yuan banknotes next to US dollar banknotes at a branch of Bank of China in Changzhi, Shanxi province. Reuters
The United States and China said they made progress in trade talks that concluded on Friday in Beijing that Washington called “candid and constructive” as the world’s two largest economies try to resolve a bitter, nearly nine-month trade war.
US FedEx Corp on Friday again apologised and blamed Washington’s ban on Huawei for being “unclear” as Beijing deepened an investigation into why the delivery firm was holding up packages meant for the telecoms equipment maker.
Chinese firms, willing to buy American agricultural products, have asked for prices from US firms and will sign commercial contracts, ministry spokesman Gao Feng told a news conference.
Sterling steadied around $1.29 on Friday as dealers took a breather at the end of a dizzying week and on the eve of a vital vote on UK Prime Minister Boris Johnson’s Brexit deal.
China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising US trade war hit factory production, boosting the agenda for Beijing to roll out a fresh fiscal support shortly.
Indian markets gained during the early trade on Friday as investors bought company shares with significant business in Britain after EU and Britain reached a new Brexit.
The Abu Dhabi Department of Energy (DoE) is preparing to take part in Dubai’s ‘Green Week’ event next week, as it also joins the 21st edition of the Water, Energy, Technology and Environment Exhibition (Wetex) as a ‘Diamond Sponsor’.