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Global market

China warns against ‘trade war’ with US

Businessam StaffAugust 14, 2017

Match photo illustrating China-US face-off

China warned Monday that nobody would win in a “trade war” with the United States as President Donald Trump prepared to launch an investigation into Chinese intellectual property practices. According to AFP’s report, Trump was due on Monday to sign a memorandum directing US Trade Representative Robert Lighthizer to determine whether any Chinese laws, policies […]

Global demand for oil remains strong, as new market entrant, Uganda poised to increase supply by 2020

Oluwafemi OgunjobiAugust 7, 2017

Global demand for oil remained strong above projections in half year 2017 on robust economic growth, said Goldman Sachs, an American-based leading global investment banking, securities and investment firm. This is just as a new market entrant, Uganda, is poised to increase global supply by 216,000 barrels per day in 2020. The investment firm said […]