Latest: Energy News

Banking sources say the net payments system is designed for large corporations and works directly with 11 Chinese provinces

International Monetary Fund says Trump's tariffs were "a major negative shock" for the global economy and most economies will see slower growth in the near-term

Vance pushes energy and defence deals while discussing a trade agreement and global issues with Modi on his short Indian visit

Trump proposed fees on China-built ships of up to $1.5 million a port call, but officials opted instead to levy fees based on net tonnage, or each container, or car, unloaded

Beijing warns it will impose counter-measures against countries doing deals that seek to compromise China's interests or trade

Seaborn trade from Asia to the US has plummeted, with a vast number of freight shipments cancelled and China's once-bustling ports now at a standstill because of the tariff war launched early this month

The intensifying trade war – and a remark by one of President Trump's top advisers – has put the spotlight back on possible forced delisting of Chinese companies from US stock exchanges