Asian shares fell on Thursday after the U.S. government launched a national security probe into auto imports that could lead to new tariffs, and President Donald Trump’s comments indicated fresh setbacks in U.S.-China trade talks.
Asia and the Pacific remains the engine of the global economy. It continues to power trade, investment and jobs the world over. Two thirds of the region’s economies grew faster in 2017 than the previous year and the trend is expected to continue in 2018.
In reaction to US secretary of state's recent trip to the region, IRGC deputy commander said the US strategy is creating a ‘security dilemma’ in line with its desire for domination over the Arab countries.
Imports of Iranian crude oil by major buyers in Asia rose to the highest in five months in March as China's purchases of oil from the Middle Eastern country surged, government and ship-tracking data showed.
Secretary of Iran's Supreme National Security Council Ali Shamkhani on Thursday accused the United States of trying to shift terrorism from Syria and Iraq to Afghanistan and said Iran wants influential Asian countries to join the anti-terror campaign.
India will work to create a network with other major oil buyers in Asia, such as China, South Korea and Japan, to negotiate better terms with sellers, the country’s Oil Minister Dharmendra Pradhan said in New Delhi on Thursday.
The IMF said Tuesday it remains upbeat about the economic prospects of emerging Asia, labelling the region "the most important engine of global growth" despite concerns over trade disputes and mounting debt.