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Trading Ideas

China denies it has offered a $200 bln package to slash U.S. trade gap

China denied on Friday that it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top negotiators meet in Washington. U.S. officials had said on Thursday that China was proposing trade concessions and increased purchases of American goods aimed at cutting the U.S. trade deficit with China by up to $200 billion a year. …read more […]

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Business News

Snail cream, smelly fruit: Thai cosmetics, food firms tap into Chinese tourism boom

BANGKOK (Reuters) – The label on the pink and white box of face cream sold in a Bangkok hypermarket proudly declares that it is based on a “snail secretion filtrate moisture system”. The Snail White branding – plus some positive internet reviews – is enough to have Chinese tourists recently lining up to buy the slime-infused product.

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