Tag Archives: China
Stocks Rise as Prospect of Trade War Diminishes
The United States’ stock market continued to rise on Tuesday as investors grow less fearful of a trade war between the United States and China. The stock market began to rise on Monday when the Treasury and Commerce Departments opened tariff negotiations with the Chinese government. The ongoing market resurgence follows several weeks of falling […]
Venezuelan Government Wins Easier Debt Terms with Russia, China
The Russian and Venezuelan governments signed an agreement on Wednesday confirming a ten-year payment plan for Venezuela’s 3.15 billion dollar debt to Russia (WP). Venezuelan payments to the Russian government will remain nominal during the first six years, allowing for economic stabilization and development, reported the Russian Finance Ministry. A day later, Geng Shuang, the […]
Chinese, Sri Lankan Ministers in Free Trade Talks
On Tuesday, Sri Lankan Foreign Minister Tilak Marapana announced in a Beijing reception that a free trade agreement with the Chinese government is nearing completion (Reuters 1). The reception, at which Marapana praised Chinese support of the Sri Lankan economy, marked the 60th anniversary of diplomatic ties between China and Sri Lanka. This trade agreement […]
North Korean Military Tests Far-Reaching Missile
The North Korean military successfully launched an intercontinental ballistic missile (ICBM) on Tuesday, marking a major advance in the North’s missile program. The missile, confirmed to be an ICBM by a U.S. Defense Department spokeswoman, hit an altitude of about 2,800 km before landing in the sea 930 km away (Yonhap 1; Reuters). Some experts […]
Ford Focuses on China Instead of Mexico
Ford Motor Co. announced that it will move production of its Ford Focus small cars to China instead of Mexico. The company is now cancelling the planned $1.6 billion plant in San Luis Potosí that would have created 2800 jobs in the area (Univision). Joe Hinrichs, Ford’s head of global operations, claimed the company would […]
World Sees Shifting Demand in Energy Market
Global energy demand grew at a relatively low rate of 1% in 2016, signaling a weaker demand for energy for the third consecutive year (Reuters). The 1% growth rate is about half of the average growth rate of the past decade and indicates a changing landscape for the world’s energy production (ME). Developing economies such […]