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US farmers get caught in trade war with China

HARVARD, United States, July 08 (AFP): Terry Davidson expects to be farming long after the US-China trade tariffs that took effect Friday become a distant memory.The Illinois soybean grower is more optimistic than others that things will work out, but many farmers in the Midwestern farm belt are not so...

Airbus CEO steps up warning on danger of hard Brexit

LONDON, July 08 (Reuters): The head of Airbus warned the British government recently that in a worst-case scenario Brexit could result in production at its factories stopping and aircraft being grounded.Companies have become increasingly vocal about the risks of Brexit, hoping to have an impact on the outcome of crunch...

Pak central bank tightens currency movement

ISLAMABAD, July 08 (Xinhua): The State Bank of Pakistan (SBP) has taken stringent measures to tighten the currency movement within the country amid depreciating national currency following the grey-listing of Pakistan by the Financial Action Task Force (FATF).The central bank issued a detailed set of instructions Saturday to all the...

Iran accuses Trump of 'destabilising' oil mkt

TEHRAN, July 08 (AFP): Iran on Saturday accused US President Donald Trump of destabilising the oil market with his flurry of tweets taking aim at the OPEC cartel."These days… the price is dependent on the behaviour of Mr Trump," Iranian Oil Minister Bijan Namdar Zanganeh said on state television."Every day,...

EU has 'card to play' in trade war: IMF

AIX-EN-PROVENCE (France), July 08 (AFP): The European Union (EU) has "a card to play" if it offers a united front in its response to the trade war pitting the US against China, International Monetary Fund (IMF) director Christine Lagarde said Saturday."In the show of force we see coming to bear…...

Mexico's next president aims to end fuel imports

MEXICO CITY, July 08 (Reuters): Mexican President-elect Andres Manuel Lopez Obrador will seek to end the country's massive fuel imports, nearly all from the United States (US), during the first three years of his term while also boosting refining at home.The landslide winner of last Sunday's election told reporters on...