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Sunday, December 15, 2019

Economy

Trade war: China halts introduction of new tariffs on US goods

Beijing holds fire on duties of 5 and 10 per cent that were set to take effect at noon on Sunday Move comes after US also shelves new tariffs and agrees to halve...

South Korea’s November U.S. crude imports up 80.4% on-year

SEOUL (Reuters) - South Korea’s U.S. crude oil imports rose 80.4% in November from a year earlier, with imports in the first 11 months soaring 165.3%, customs data showed on Sunday. South Korea, the world’s...

Argentina’s new government hikes export taxes on disgruntled farmers

BUENOS AIRES (Reuters) - Argentina’s new government has hiked export levies on soy, wheat and corn, according to an official decree on Saturday, hitting farmers in the grains exporting nation to raise revenue needed...

Qatar sees ‘small progress’ in resolving Gulf dispute, still believes in GCC

There has been small progress in resolving a bitter dispute between Qatar and some of its neighbors, the Gulf state’s foreign minister said on Saturday, just days after its premier visited Saudi Arabia. Saudi Arabia,...

FreightWaves oil report: a big writedown by Chevron doesn’t signal the end of the...

An enormous writedown by Chevron this past week on the value of mostly North American assets could be viewed, in an odd way, as a tremendous sign of success. Chevron wrote down between $10 billion...

China welcomes preliminary deal in trade war it blames on US

BEIJING (AP) — China put a positive face Saturday on a first-step trade agreement that dials down a trade war it blames the U.S. for starting. Chinese experts and news media joined government officials in...

European stocks surge on Johnson election triumph, US trade deal

London stocks and the British pound jumped Friday after an election triumph for Conservative Prime Minister Boris Johnson that analysts said will bring clarity to Brexit proceedings and unlock stronger economic growth. Other European stock...

Do the numbers in Donald Trump’s ‘phase one’ trade deal work? US critics worry...

Concerns include a lack of specifics on farm purchase commitments and enforcement mechanisms A shortage of trust on both sides and the US president’s mercurial negotiating style also cited as shortcomings After a quick...

Digital Trade, Cyber Intrusions to Be Part of US-China Phase 2 Trade Talks –...

WASHINGTON (Sputnik) - Varied issues ranging from digital trade to cross border data sharing and cyber intrusions will be addressed by the "phase two" trade agreement negotiations between the United States and China, a...

Weekly Dry Report

13 December 2019 Bulk report – Week 50 Capesize It was one-way traffic for the Capesize market this past week, with all routes giving up value. While downward momentum may have slowed a touch by Friday, the...