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China says US must remove all tariffs for a trade deal

Bloomberg The Trump administration said trade talks with China are starting up again as Beijing reiterated that it’s essential the US removes all existing tariffs for a deal to be reached. US President Donald Trump and Chinese President Xi Jinping agreed last month to re-start trade talks and suspend new tariffs, but they gave no time-frame for further negotiations or ...

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Oil posts weekly loss over economic woes

Bloomberg Oil posted its first weekly loss since mid-June, as a forecast-topping US employment report wasn’t enough to offset the economic worries dogging the market. Futures in New York closed down 1.6 percent for the week, despite eking out an increase after the government said payrolls climbed by 224,000 in June. The ultimate fallout from the report was unclear as ...

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India plans to raise $10bn from first foreign sovereign bond sale

Bloomberg India plans to raise as much as $10 billion from its first overseas sovereign bond because there’s huge appetite for its debt in the foreign market, according to a top finance ministry official. “It’s a cautious beginning, which we need to make,” Economic Affairs Secretary Subhash Garg said in an interview. “In terms of risk management I don’t see ...

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