An increase in Chinese tariffs on most U.S. imports on a $60 billion target list took effect as planned on Saturday, with Beijing retaliating against Washington’s escalation in the trade war between the world’s two largest economies.
Indian Prime Minister Narendra Modi on Friday surprised markets by naming Nirmala Sitharaman, formerly the country’s defence minister, as the next finance minister at a time when Asia’s third-largest economy is stuttering.
Shares in German car makers extended losses in Frankfurt on Friday after U.S. President Donald Trump threatened to slap tariffs from next month on imports from Mexico, where the big three manufacturers have plants.
The U.S. government and Saudi King Salman have used tough rhetoric against Iran.
The pound held near a four-month low against the dollar and the euro on Thursday as investors remained sidelined amid the contest to succeed Prime Minister Theresa May.
The U.S. Defense Department has briefed Congress on a report on rare earth minerals as it looks to reduce American reliance on China, a Pentagon spokesman told Reuters on Wednesday, amid mounting concern in Washington about Beijing’s role as a supplier.
Turkey’s decision to purchase Russian S-400 missiles causes a situation of concern in NATO headquarters in Brussels. The military alliance wants to avoid an escalation between two of it’s key members.
Banks in the Sudanese capital Khartoum came to a virtual standstill on Wednesday as protest and opposition groups organised a second day of strikes to pressure military rulers to cede power to civilians.
The People’s Bank of China (PBOC), China’s central bank, on Wednesday pumped 270 billion yuan (about 39 billion U.S. dollars) into the financial system through open market operations.
Indian Prime Minister Narendra Modi will host Chinese President Xi Jinping this year for an informal summit, an Indian foreign ministry spokesman said on Wednesday, after meeting several times over the past year to try to defuse tension.