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US reaps more than $1.4 billion from steel and aluminium tariffs, report finds

In less than five months, the Trump administration has collected more than $1.4 billion in new revenue from steel and aluminum tariffs. The Congressional Research Service estimated that, between March 23 and July 16, the U.S. reaped $1.1 billion and $344.2 million from levies on foreign steel and aluminum, respectively. […]

Share Market Highlights;

Asian shares were mixed today, as some regional markets bounced back one day after declining over jitters related to economic uncertainty in Turkey. The Nikkei 225 rose 1.22 percent, with all sectors trading higher after the yen gave up some of its recent strength amid safe-haven demand on uncertainty in Turkey. The yen traded […]

Oil dips as US-China trade dispute expected to stall economic growth

Oil prices fell today, pulled down by concerns that the escalating trade dispute between the United States and China would stall economic growth and fuel demand.  Front-month Brent crude oil futures were at $71.89 per barrel at 0118 GMT, down 18 cents, or 0.25 percent, from their last close. US West […]

Asia markets were mixed amid US-China trade tensions

Asia traded mixed today morning after the U.S. market was mostly little changed overnight following the unveiling of new Chinese tariffs on American goods. In Australia, the ASX 200 was up 0.15 percent in early trade. But the energy subindex was down 0.83 percent following an overnight drop in oil prices. Shares of Santos fell 1.06 percent, Oil Search was […]