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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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A "European-American" confrontation at the G7 summit

rocky
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A "European-American" confrontation at the G7 summit Empty A "European-American" confrontation at the G7 summit

Post by rocky Sat 09 Jun 2018, 3:01 am


A "European-American" confrontation at the G7 summit

21:40 - 08/06/2018
0



A "European-American" confrontation at the G7 summit 1-1054797-696x392
Information / Baghdad ..
Canada, which hosts the Group of Seven (G-7) summit, is heading for a climate of tension over the tough tariffs imposed by US President Donald Trump on his recent allies.
Leaders of the wealthy group are bracing themselves for what could be a storm with the US president, who is also in a frenzy of defiance, as they are expected to put pressure on him to scrap the steel and aluminum import duty bill, which they fear will lead to a trade war.
"I look forward to the fair trade agreements with the G7 countries," Trump wrote on Twitter on Friday before heading to Quebec. If that does not happen, we'll be better off! "
"There will be some big differences on many issues," a Canadian official was quoted as saying.
While Trump said tariffs are necessary to protect the US industry, Canada and the EU deplore the fees as illegal and are contemplating countermeasures.
French President Emmanuel Marcon warned that the other six members of the G7 could form their own group if necessary, adding that "no leader remains forever."
For her part, British Prime Minister Theresa May adopted a more moderate tone, telling reporters she wanted the EU to exercise restraint in its response to the US cartoons and that the response was proportionate and legal.
Trump showed no sign of backing down after he earlier accused France and Canada of imposing huge fees on US goods and described Canadian Prime Minister Justin Trudeau as "very upset".
"The prime minister and the president have a frank, direct, honest and honest dialogue," a Canadian official said. "Trudeau and Trump are due to meet today and have a lot to talk about," the official said
 

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A "European-American" confrontation at the G7 summit Empty America and the EU are taking a step on trade

Post by rocky Sat 09 Jun 2018, 3:26 am

America and the EU are taking a step on trade






2018/06/09 10:56


(Encyclopedia of this day , news | News Iraq ) -
Economy News Baghdad


A French official said the United States and the European Union would hold a trade dialogue over the next two weeks, noting that the allies had made a modest step forward at the G7 summit in Canada.




Everyone agreed, including President Trump, "the French official told reporters on Friday .



"Although the G7 leaders have faced a great deal of data on imports and exports in an attempt to change their thinking, Trump has responded with statements from him and has maintained his position that the United States feels damaged in international trade," another official said.


But Trump spoke more cordially after a meeting with French President Emmanuel Macaron, without giving details: "The French president helped solve business problems, something will happen, I think it will be very positive."


"On progress, I think there is a way forward," McCron said. "Progress is being made on trade issues that divide the United States and its allies," he told reporters after the Trump meeting. "I felt a willingness from all parties to reach agreements and a mutually beneficial approach Our workers and our middle class. "


German Chancellor Angela Merkel has raised the idea of ​​finding a way to resolve trade disputes between the United States and its allies. 

The official described Merkel's proposal as "a joint mechanism for assessment and dialogue" but gave no further details.



Meanwhile, European Commission President Jean-Claude Juncker has offered to visit Washington to conduct an assessment of trade between the EU and the United States to help resolve the dispute, an official said.


US trade partners are dismayed by US President Donald Trump's decision last week to impose tariffs on steel and aluminum imports from Canada, the European Union and Mexico under his "America First" program. Some countries have responded by charging US import duties.







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A "European-American" confrontation at the G7 summit Empty The G7 summit and emerging market currencies are the focus of global markets today

Post by rocky Sat 09 Jun 2018, 3:28 am

The G7 summit and emerging market currencies are the focus of global markets today







2018/06/09 00:40




(Encyclopedia of this day to the news of Iraq ) - From - Ahmed Shawki: -

The 7 G7 meeting in Canada dominated global markets by Friday, and emerging market currencies had a share of events around the world.

Summit of the Group of Seven

The summit of the Group of Seven (G7) industrialized nations in Canada kicked off the scene as investors awaited the trade situation as the meeting began, especially as it was the first confrontation of US President Donald Trump with countries affected by steel and aluminum tariffs.

For his part, the US president called for Russia to return to the meeting of the seven industrial countries after being excluded in 2014, which was supported by the new Prime Minister of Italy, "Giuseppe Conte."

The report also said that French President Emmanuel Macaron had "very cordial" talks with Trump, who said he did not mind the United States leaving the G-7 meetings and becoming the Group of 6.

In another context, the White House announced that the US President will leave the G7 summit early to head to Singapore before meeting with his North Korean counterpart Kim Jong-un.

Emerging Markets Currencies Drop

The decline in the performance of emerging markets currencies during the day, with the decline of the currency of Argentina, Turkey, as well as the currency of South Africa, which fell about 0.8% against the green card.

Despite the recovery of the Turkish lira against the US dollar yesterday after raising the rate of interest, but it reverted again during the day as the political developments in Turkey before the early elections.

The Argentinean currency was worse off than its Turkish counterpart, with Argentine bourse falling 2.6% against the dollar during trading.

Meanwhile, Argentina reached an agreement with the International Monetary Fund (IMF) for a $ 50 billion loan over three years with hopes that it would help resolve the country's economic crisis.

While the Brazilian riyal was the biggest gainer among emerging-market currencies against the US currency after rising by about 5% to record the domestic currency the biggest daily gain since 2015.

Official data in Brazil showed inflation accelerated at its most monthly pace since last December.

The decline of goods

Nymex recorded weekly losses after falling as the day's session settled, as US production increased and demand for crude fell in China.

Baker Hughes data released today increased the US oil drilling platforms by one platform during the week ending today, and the natural gas platforms increased by one platform as well.

For his part, criticized Iran's delegate to OPEC, the US demand for Saudi Arabia to increase oil production, pointing out that the Organization of Petroleum Exporting Countries will not respond to Washington's demands.

Gold, though retreating at the end of the session as the greenback rallied, gained weekly gains of 0.3%.

Stock Indices

The Dow Jones Industrial Average posted its biggest weekly gain in three months at the end of the day, as US stocks closed higher as trade conditions awaited the G7 summit.

Apple fell in trading after expectations of a drop in demand for iPhone phones by about 20%.

While European bourses closed today's session in the red range, recording weekly losses as global trade tensions await.

In Germany, trade balance surplus fell more than expected in April as exports fell.

The Tokyo Stock Exchange closed at the end of trading, but Nikkei posted its biggest gain in 11 weeks.

Economic data showed Japan's economic growth slowed in the first quarter of this year.

In China, the trade balance surplus fell in May as imports increased.



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