The economy Sudan can be saved by a financial package of up to $5 billion to prevent a collapse and to bring in economic reforms according to the finance minister of the country. in an interview to news agency Reuters, Ibrahim Elbadawi, the finance minister of the transitional government formed in...

If the "phase one" of a trade deal between China and the United States is completed both the sides will also include in it an agreement to roll back the tariffs that both sides imposed on each other’s goods, said officials from both the countries. Reports however suggested that this decision by the...

The Chinese commerce ministry said on Thursday that the tariffs imposed by both the countries during their months-long trade war would be lifted in a phased manner and an agreement to this effect has been arrived at by China and the United States. No specific timetable was however provided by the...

The US authorities stopped the City National Bank of New Jersey, which became the fourth bank to be closed in the country since the beginning of this year, according to a press release from the American Deposit Insurance Corporation (FDIC). Deposits of this bank will be transferred to Washington...

The German ACI Systems and the Bolivian YLB were going to mine lithium together on Lake Uyuni in Bolivia. According to unofficial information, President of the country decided to abandon the project. Bolivia abandoned a joint lithium mining project with Germany, the Bolivian news agency ABI...

On Tuesday, the People’s Bank of China lowered its key interest rate, which should help reduce the cost of financing amid a slowdown in economic growth. The bank said in a statement that the rate via the medium-term lending facility (MLF) will be lowered to 3.25% from 3.3%. The central bank uses...

Negotiations on a trade deal between the United States and China are progressing well, said the two countries signaling light at the end of tunnel of a 16 month old acrimonious trade war between the two countries. According to US officials, trade deal that will end the trade war which has roiled...

The US presidential administration may completely abandon the increase in tariffs on imported cars, said the country's Minister of Commerce Wilbur Ross. According to him, there is a possibility that the tariffs will not be needed after “good negotiations” with Japanese, European and South Korean...

Despite the general slowdown in China’s economy, the country’s October factory activity had grown at the fastest rate since February of 2017, showed a private survey in the country.    According to a joint press release by Caixin and IHS Markit released on Friday, for the month of...