China hopes WTO members support multilateral trade system: MOC

29 June, 2018, 18:39 | Author: Mary Valdez
  • China Says Its Trade Practices Benefit World

USA crude futures last traded at US$72.50 a barrel, down 0.37 per cent in early Asian trade.

U.S. President Donald Trump's administration unveiled a plan for a stronger security review process of foreign investors acquiring domestic technologies, after earlier indicating it would specifically block Chinese investments.

China, which has pledged to further open up its economy this year, might additionally adjust its policies due to economic uncertainty arising from the trade friction, the Global Times said.

After a morning rally, the S&P technology.SPLRCT and industrial.SPLRCI sectors, which have a relatively high revenue exposure to China, fizzled.

MSCI's broadest gauge of the world's stock markets fell to its lowest level in nearly three months, on course to post its fourth month of loss in the last five. The Nasdaq composite added 0.4 percent to 7,561.63.

MSCI's broadest index of Asia-Pacific shares outside Japan fell as much as 0.52 percent to hit a new near nine-month low, before it recovered some ground, while Japan's Nikkei average was flat after erasing earlier losses.

"Chinese stocks have already slid into bear market territory".

Ozil clashes with Germany fans after World Cup exit at group stage
Portugal defender Bruno Alves says that his team are "not interested" in Germany's demise as they concentrate on themselves at the 2018 World Cup .

Kawhi Leonard Trade Rumors: Lakers And Spurs Discussing Blockbuster NBA Trade
Once draft picks are signed, they can not be traded for 30 days. "The price for Leonard would be substantial". Josh Hart, who was taken at the end of the 2017 first round, could also be included in a potential trade.

World Cup Group H match report Japan v Poland 28 June 2018
Nishino made six changes to the starting lineup ahead of the match, saying some of his players were tired . It was just the situation that forced me to make the decision and we did not go for the offence.

Chinese blue chips sank 2.2 per cent to be a whisker above 13-month lows as a resolution of Sino-US tensions remained a distant prospect. Chinese equities have now fallen 20 percent from a peak in January and are 45 percent lower than a high seen in 2015.

China and the European Union (EU) agreed on Monday to launch a group that will work to update global trade rules to address technology policy, subsidies and other emerging irritants and preserve support for worldwide trade amid USA threats of import controls. The U.S. dollar index.DXY, which measures the greenback against a basket of six other currencies, was up 0.69 percent at 95.249, its second straight day of gains, after it saw the highest levels since last October last week.

The spot yuan market opened at 6.6177 per dollar and was changing hands at 6.6151 as of 0335 GMT, 131 pips or 0.19 per cent weaker than the previous late session close. The kiwi dollar hit its lowest in seven months at US$0.6812. The yuan has dropped 3.1 per cent in June, more than in any other month since 1994 when China unified the market exchange rate. USA gold futures GCcv1 fell 0.44 percent to $1,254.40 an ounce.

The 10-year U.S. Treasury's yield slipped to 2.8492 percent, keeping dollar demand in check.

"For the most part, the spectre of trade wars is still really weighing on risk here and that's what's keeping Treasuries better bid", said Gennadiy Goldberg, an interest rate strategist at TD Securities in NY.

USA crude stocks fell almost 10 million barrels last week while the fall in Canadian exports helped drain supplies of heavy crude across North America.

U.S. crude added 17 cents to US$70.70, having surged 3.6 per cent overnight, while Brent climbed 18 cents to US$76.49 a barrel. President Trump who withdrew the USA from the Iran nuclear deal in May, is pushing foreign nations to cut their oil imports from Iran to zero by November when sanctions on Iran's energy sector will kick in again.

Recommended:



Popular

England to play Colombia in World Cup knockout match after Belgium defeat
The changes made for a disjointed first half, with both teams struggling for cohesion and chances few and far between. The high-risk strategy could easily have gone wrong for Japan had Senegal equalised against Colombia in Samara.

Colombia wins, Senegal out on yellow cards
Colombia top the group with a narrow win over Senegal , whose elimination means no African team has qualified for the knockouts. Rodriguez returned to the team bench in the second half, in time to see Mina's header that gave Colombia the lead.

Trump's next Supreme Court justice appointment will cement legacy: Sean Spicer
University of Texas, 2016); and a series of gay-rights rulings, most famously the freedom of same-sex marriage via Obergefell v. Republicans now hold a bare 51-49 majority in the Senate, although that includes the ailing Senator John McCain of Arizona.

Ranbir Kapoor’s film gets a thumbs-up from critics
The Rajkumar Hirani-directed film has landed in hot waters because of a remark made on sex workers in the trailer of the film . A user tweeted, "Central Board of Film Certification (CBFC) has objection over the toilet leakage scene in Sanju ".

Booker caps drinks orders as Carbon dioxide shortage continues
It has reportedly been forced to limit purchases to 10 cases of beer or soft drinks and five cases of cider per customer. So probably not the best time for drinks companies to be running out of the gas that puts the fizz into beer and sodas.

Lagos inferno: Truck driver escapes as more videos, photos hit social media
Ball of fire and smoke bellow from tankers explosion on Otedola Bridge, Lagos-Ibadan Expressway on Thursday (28/6/18). He said this was necessary so as to open up the road for normal traffic.

India vs Ireland 1st T20I Live Streaming on Sony Six
However, the Ireland Cricket team are no pushovers and have T20 specialists like Paul Stirling and Kevin O'Brien in the team . Kohli, Bhuvneshwar Kumar, Jasprit Bumrah and MS Dhoni were rested for the T20 tri-series in Sri Lanka in March.

17 states sue Trump administration over family separations
He tweeted, "People must simply be stopped at the Border and told they can not come into the US illegally". We're going to run out of resources to keep people together.

New Drake Song Features Michael Jackson
Canadian rapper Drake unveiled the track list of his upcoming album, Scorpion , on social media Thursday. Now, music fans have once again found themselves amidst the summer Nor'easter of a Drake album rollout.

Volkswagen electric car sets Pikes Peak record
A brand-new all-electric race auto built by Volkswagen smashed records at Sunday's Pikes Peak Hill Climb in Colorado Springs. The twin turbo unit produces 600bhp and 900nm, sending drive to all four wheels through an eight-speed automatic gearbox.