Africa is about to become the world’s largest free trade zone
December 27, 2018 at 01:39 PM
South Africa’s and Togo’s parliaments this month ratified the agreement establishing the African Continental Free Trade Area (AfCFTA). The total number of countries committing to the deal has thus grown to 49. Read More »
China to mark economic miracle that pulled 700 million people out of poverty
December 18, 2018 at 03:07 PM
China has pledged more economic reforms to push growth higher and help offset any impact from the US trade conflict. It comes as the world’s second-largest economy marks the 40th anniversary of “reform and opening up” this week. Read More »
US Getting Closer on Trade Deal With China - Pompeo
December 16, 2018 at 10:24 AM
WASHINGTON (Sputnik) - The United States is advancing toward a trade deal in its ongoing talks with China, US Secretary of State Mike Pompeo said on Wednesday. Read More »
US Trade Wars Obstruct Transparency of Global Market - Russian Foreign Minister
December 13, 2018 at 02:54 PM
MOSCOW (Sputnik) - Russia hopes for the global trade system to be open, but the US trade policies do not contribute to transparent markets, Russian Foreign Minister Sergei Lavrov said Sunday. Read More »
Inflation in Venezuela hits 1,300,000%, opposition-led Congress claims
December 12, 2018 at 02:39 PM
Venezuela’s National Assembly, an opposition-controlled legislative body, said annual inflation has reached 1,300,000 percent in November as the country struggles through its worst economic crisis ever. Read More »
Bye-bye dollar: India & UAE agree to trade in local currencies
December 10, 2018 at 10:38 AM
New Delhi and Abu Dhabi have inked a currency swap agreement to boost trade and investment without involvement of a third currency like the US dollar. Read More »
Russia seeks to ‘feed the whole planet’ – PM
December 10, 2018 at 10:24 AM
Russia seeks to expand its agricultural exports, ultimately seeking to feed the whole planet, Prime Minister Dmitry Medvedev said. The PM’s statement comes as the country enjoys a record surge in grain exports. Read More »
China ‘confident’ trade agreement with US can be reached within 90 days – official
December 07, 2018 at 02:22 PM
Beijing wants to strike a trade deal with Washington within three months, China’s commerce ministry announced Thursday in its first comment on US-China trade negotiations since presidents Xi and Trump met in Argentina. Read More »
Palladium threatens gold’s reign as king of metals
December 07, 2018 at 10:43 AM
Palladium prices have skyrocketed, hitting record highs over the past year due to a growing deficit of the precious metal. The auto industry, the key consumer of the metal, is expected to bear the biggest impact of rising costs. Read More »
US-China Trade War May Lead to Global Recession as Early as in 2019 - RDIF Head
December 05, 2018 at 11:53 AM
BUENOS AIRES (Sputnik) - The G20 may become the platform where China and the United States could manage to overcome trade disputes, if this does not happen, recession in the global economy may begin as early as in 2019, Kirill Dmitriev, the head of the Russian Direct Investment Fund (RDIF) told Sputnik on Friday. Read More »
