Economy / Global


Argentina receives $12b IMF bailout

Argentina receives $12b IMF bailout

Argentina received 12 billion US dollars from the International Monetary Fund (IMF) on Tuesday, the first disbursement under a new loan agreement aimed at stabilizing the economy and rebuilding foreign reserves. The payment raises the country's gross international reserves to 36.8 billion dollars,

China's murky bankruptcies expose hazards for foreign investors

China's murky bankruptcies expose hazards for foreign investors

When a Chinese pork producer filed for bankruptcy in 2019, the news came as a jolt to Alan Hill. The retired Apple executive from Albuquerque had invested about $100,000 last decade in Dalian Chuming Meat Processing through a US-listed holding company, Energroup Holdings. Chuming had not paid divi

China to increase tariffs on US goods to 125pc

China to increase tariffs on US goods to 125pc

Beijing on Friday increased its tariffs on US imports to 125 per cent, hitting back against US President Donald Trump's decision to hike duties on Chinese goods to 145 per cent and raising the stakes in a trade war that threatens to up-end global supply chains. China's retaliation intensified the

EU welcomes Trump tariff pause

EU welcomes Trump tariff pause

European Commission President Ursula von der Leyen has welcomed President Donald Trump’s decision to temporarily halt most US tariffs, but she did not say whether the European Union intends to press ahead with its own retaliatory measures. “I have authorised a 90 day PAUSE,” Trum

Vietnam to buy US defence, security products to tackle trade gap

Vietnam to buy US defence, security products to tackle trade gap

Vietnam will buy more American goods, including defence and security products, and has asked for a 45-day delay in the imposition of US tariffs, Prime Minister Pham Minh Chinh said in a statement issued late on Monday. Hanoi will also seek faster deliveries of commercial planes that Vietnamese air

China vows to fight after Trump threatens more tariffs

China vows to fight after Trump threatens more tariffs

China declared on Tuesday that it would “fight to the end” and implement countermeasures to protect its interests after U.S. President Donald Trump threatened to impose a further 50% tariff on Chinese goods. The Commerce Ministry criticised the United States for introducing what it ter

Trump compares tariffs to 'medicine'

Trump compares tariffs to 'medicine'

US President Donald Trump said on Sunday foreign governments would have to pay "a lot of money" to lift sweeping tariffs that he characterized as "medicine," prompting further carnage in global financial markets. Asian stocks posted steep losses in early trading on Monday and US stock market futur