AFP Asia Business
Lower shipments to US, China weigh on Singapore August exports
Singapore’s exports slid again in August according to official figures out Wednesday, as shipments to its biggest markets — the US and China — keep dropping.Relations between the world’s two biggest economies have been wracked by trade tensions that saw them impose tit-for-tat tariffs on each other, wreaking havoc on global supply chains.As Southeast Asia’s …
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EU business lobby head says China rare earths snag persists
European firms still face challenges in securing access to crucial rare earths from China, a business lobby warned Wednesday, despite a July deal to speed up exports.China dominates the global industry for extracting and refining the strategic minerals, giving it vital leverage in a renewed trade war this year with Washington.Since April, Beijing has required …
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