(SNL News) China has officially challenged through the World Trade Organization the latest round of U.S. tariffs imposed on Chinese goods, the Geneva-based trade body said on August 27. Beijing formally requested WTO dispute consultations with Washington over the Trump administration's imposition of additional 25% duties on 279 Chinese import product categories worth US$16 billion. The new U.S. ta...

By Fawad Mir (SNL News) Barrick Gold Corp. Chairman John Thornton said the company is still open to a sale of its 50% stake in the Kalgoorlie Super Pit joint venture as the Western Australian gold project does not meet its criteria of a tier-one asset, The West Australian reported on August 15. The company's 2017 attempt at a US$1.3 billion sale to China's Shandong Tyan Home failed due to the intr...

By Peter Brennan (SNL News) The Institute of International Finance identified South Africa, Indonesia, Lebanon, Egypt and Colombia as especially at risk of contagion from the meltdown of the Argentine peso and Turkish lira. Emerging market, or EM, currencies weakened further on August 15 as the crash in the lira seeped into broader investor sentiment, even as the lira itself recovered. Turkey's cu...