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News About World Trade
December 13, 2017
US says 'litigation-centered' WTO losing focus
Buenos Aires (AFP) Dec 11, 2017
The top US trade representative launched a broadside at the World Trade Organization on Monday, accusing it of losing its focus on trade negotiation and becoming a "litigation-centered" body. "Too often members seem to believe they can gain concessions through lawsuits that they could never get at the negotiating table," Robert Lighthizer told the WTO ministerial conference in Buenos Aires. He also criticized special treatment given to some countries because of their allegedly dubious developmen ... read more

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China exports surge in November as trade tensions flare
China's exports surged more than twice the expected pace in November, official data showed on Friday, as tensions with its largest trading partners flare. ... more
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China exports soar higher than expected in November
Chinese exports surged more than twice the expected pace in November, official data showed on Friday, providing some more welcome news pointing to improvement in the world's number-two economy. ... more
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EU wins tougher, swifter anti-dumping trade powers
The European Union has agreed new powers to apply higher tariffs and more rapidly as part of a wave of measures to face the long-term challenge of cheap imports from China. ... more
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IMF warns on brewing risks in China's financial system
The International Monetary Fund on Thursday warned of brewing risks in China's banking system as it found dozens of crucial lenders needed to beef up their defences against possible financial crises. ... more
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Buy it with bitcoin in New York, but it's not cheap
At Melt Bakery, a hole in the wall that sells ice cream sandwiches in New York's upscale Manhattan neighborhood, you can pay for your guilty pleasure in bitcoin. ... more
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US hits Vietnam with huge duties on steel made with Chinese material
The United States on Tuesday imposed huge duties on some steel imports from Vietnam, saying they were produced with Chinese material already subject to retaliatory penalties. ... more
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Canada and China hail ties as trade talks languish
Visiting Canadian Prime Minister Justin Trudeau met Chinese President Xi Jinping on Tuesday, with each side voicing hope for future cooperation even as expected trade talks have failed to materialise. ... more
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Australia casino giant Crown hit with class action over China
Australian gambling giant Crown was hit with a class action Monday after 18 employees were arrested in China, alleging it did not give shareholders enough information about the risks being taken. ... more

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China and Canada sign trade agreements during Trudeau visit
Visiting Canadian Prime Minister Justin Trudeau and Chinese Premier Li Keqiang signed three trade agreements on Monday as Ottawa tries to diversify commercial ties amid tough NAFTA negotiations with Washington. ... more
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Trump administration rejects China's bid for market economy status
The Trump administration has confirmed it rejects China's bid to be considered a market economy in the World Trade Organization, making it subject to more onerous trade penalties. ... more
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Buy it with bitcoin in New York, but it's not cheap
At Melt Bakery, a hole in the wall that sells ice cream sandwiches in New York's upscale Manhattan neighborhood, you can pay for your guilty pleasure in bitcoin. ... more
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China warns of retaliation after fresh US trade probe
China on Wednesday warned it would take the "necessary measures" to protect its businesses after the United States launched a new trade probe into China's possible aluminium dumping. ... more
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China factory activity accelerates in November
China's manufacturing activity accelerated in November, official figures showed Thursday, beating expectations as strengthening domestic and global demand boosted production in the world's second-largest economy. ... more
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In Ireland, Brexit border risk awakens ghosts of the Troubles
During the worst of the Troubles, this wedge of north Belfast was "Murder Mile", a neighbourhood which crystalized the Northern Ireland conflict pitting Catholic nationalists against Protestant loyalists. ... more
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Fresh US probe of Chinese aluminum imports ups ante with Beijing
The United States on Tuesday stepped up its trade confrontation with China, ordering an investigation into imports of aluminum sheet worth hundreds of millions of dollars a year. ... more
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Canada PM Trudeau aims to boost trade on China trip
Canadian Prime Minister Justin Trudeau will travel to China next week to bolster trade ties as North American continental trade talks fizzle. ... more

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Europe embraces Black Friday sales with some reservations
Billions of euros will change hands over Black Friday weekend sales across Europe, but despite increasingly accepting the US import, the promotions will be marked by strikes, protests and concerns about over-consumption. ... more
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Got a spare $71m? How about a single Hong Kong apartment?
Home may be where the heart is, but in Hong Kong it comes at a record price - more than $71 million for a single apartment. ... more
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Philippines offers China chance to run third telecom service
Philippine President Rodrigo Duterte has offered China an opportunity to create a third telecommunication provider in the country, his spokesman said Monday, using rapidly-warming ties with Beijing to break a duopoly that consumers blame for poor services. ... more
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China to build $1.6 bn aluminium plant in Tajikistan
China will build an aluminium factory worth $1.6 billion in ex-Soviet Tajikistan, the Central Asian country's leading smelter said Friday, in a sign of Beijing's increasing influence over the economy of its resource-poor neighbour. ... more
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Studies suggests link between testosterone, stock market instability
New research supports the theory that testosterone influences the decision making of stock market traders, and could be a cause of market instability. ... more
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Post-hurricane rebuilding fuels jump in October US home construction
Construction of new homes in the United States sprang to life in October as hurricane-damaged housing markets recovered from back-to-back late summer storms, according to data released Wednesday. ... more
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US industrial output rises as hurricane hit reverses
Output at US factories continued to rebound in October as oil refineries and petrochemical plants ramped up production after the severe disruption from Hurricane Harvey, according to data released Thursday. ... more
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China imposes new rules on bank policy to curb risks
China has set new rules to curb risks at its policy banks, stepping up oversight of the country's financial system as Beijing looks to avert a feared debt crisis in the world's number two economy. ... more
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