INSEAD Day 4 - 728x90

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

Chief trade negotiators from US, China hold ‘candid exchange’

US and China acknowledged the importance of the bilateral trade relationship and the impact.
  • This was the second consultation between the two countries' chief trade negotiators after relations were seriously damaged under former US president Donald Trump.
  • Talk was "an opportunity for the United States and China to commit to forging a trade relationship that is managed responsibly," a USTR official said

US Trade Representative Katherine Tai spoke with Chinese Vice Premier Liu He on Friday evening to discuss Chinese commercial practices that Washington deems unfair.

“During their candid exchange, Ambassador Tai and Vice Premier Liu acknowledged the importance of the bilateral trade relationship and the impact that it has not only on the United States and China but also the global economy,” the USTR said in a statement.

This was the second consultation between the two countries’ chief trade negotiators after relations were seriously damaged under former US president Donald Trump. The two last spoke in May.

Friday’s talk was “an opportunity for the United States and China to commit to forging a trade relationship that is managed responsibly,” a USTR official said on condition of anonymity.

Tai underscored US concerns “relating to China’s state-led, non-market policies and practices that harm American workers, farmers and businesses,” the USTR said.

The Biden administration says China’s massive state subsidies for national companies, intellectual property theft and other factors create a heavily uneven playing field in trade.