United Kingdom


IMF sees dangers from trade tensions, overvalued dollar

The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and China's yuan were seen as broadly in line with fundamentals.

Vietnam, China embroiled in South China Sea standoff

Vietnamese and Chinese ships have been embroiled in a weeks-long standoff near an offshore oil block in disputed waters of the South China Sea, which fall within Vietnam's exclusive economic zone, two Washington-based think-tanks said on Wednesday.

Renault forms China electric vehicle venture with JMCG

France's Renault SA said on Wednesday it will invest $145 million (116.78 million pounds) in a unit of China's Jiangling Motors Corporation Group (JMCG) that will allow it to expand its electric vehicle manufacturing footprint in the world's largest auto market.

EU goods trade gaps with U.S. and China widen

The European Union's trade surplus in goods with the United States and its deficit with China both increased in the first five months of 2019, figures that could add extra strain to global tensions.