Trade News
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China, Philippines Suspend Beef Imports From Canada After BSE Case
WINNIPEG, Manitoba (Reuters) - China and the Philippines have suspended imports of Canadian beef due to Canada's detection in December of a cow infected with bovine spongiform encephalopathy (BSE), a spokesperson for Canada's agriculture department said on Monday. The moves...[READ MORE]
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Ecuador's Lasso to Visit China in February for Debt Negotiations
QUITO (Reuters) - Ecuador's President Guillermo Lasso will travel to China at the start of February to renegotiate terms of the South American country's debt to Beijing, Foreign Minister Juan Carlos Holguin said on Monday. In a bid to lower the strain of the outstanding credit for the next three years, conservative former banker...[READ MORE]
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UK Trade Minister Visits India to Press on Trade, Economic Ties
LONDON (Reuters) - British trade minister Anne-Marie Trevelyan will visit India this week to hold talks to try to deepen trade and economic ties as part of London's push in the Indo-Pacific region, her department said on Sunday. As part of a two-day visit to New Delhi, Trevelyan will hold...[READ MORE]
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Sri Lanka's President Asks China to Restructure Debt Repayments
COLOMBO (Reuters) - Sri Lanka's President Gotabaya Rajapaksa asked China to help restructure debt repayments as part of efforts to help the South Asian country weather a worsening financial crisis, his office said in a statement on Sunday. Rajapaksa made the request during a meeting with Chinese Foreign Minister Wang Yi in Colombo...[READ MORE]
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West African Bloc Hits Mali With Economic Sanctions
ACCRA (Reuters) -West Africa's main regional bloc on Sunday agreed to close borders with Mali and impose sweeping economic sanctions in response to "unacceptable" delays holding promised elections after a 2020 military coup. The decision followed a summit of leaders of Economic Community of West African States (ECOWAS) to discuss a...[READ MORE]
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S.Korean Minister Heads to Vienna for Talks on Iranian Frozen Assets
PARIS (Reuters) - A senior South Korean diplomat will hold talks in Vienna this week with Iran and world powers over how to resolve the issue of frozen Iranian assets held in the Asian country, the South Korean foreign ministry said on Tuesday. Indirect talks between Iran and the United...[READ MORE]
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OPEC+ Agrees Oil Output Increase From February
LONDON/MOSCOW (Reuters) -OPEC+ agreed on Tuesday to stick to its planned increase in oil output for February because it expects the Omicron coronavirus variant to have a short-lived impact on global energy demand. The group of producers comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies including...[READ MORE]
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World’s largest trade deal is in force, but there’s still ‘work to be done,’ says Singapore minister
KEY POINTS The Regional Comprehensive Economic Partnership is a mega trade agreement signed by 15 countries, which collectively cover about one-third of the world’s population. RCEP is an important agreement that will boost trade collaboration and...[READ MORE]
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Housing Supplieres in Kumasi Exhibit to create awareness
The Kumasi edition of the Habitat Fair 2021 at the Kumasi City Mall has ended with exhibitors lauding organisers for the platform and their involvement. According to the exhibitors, the continuous promotion of the event on television, radio and some social media platforms had generated the necessary attention for their goods and services. “The exhibition...[READ MORE]
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Nigerian stocks garner N17 billion gain but ebbing trade volume casts gloom
Nigerian stocks lifted by 0.08 per cent Friday as the value of shares added N16.9 billion, supported by more readiness by investors to hold shares than sell them. But the increasing decline in the quantity of shares traded still raised doubt about the capacity of the market to swing back to pre-pandemic levels, a time particularly marked by much stronger flow of...[READ MORE]
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