A round-up of the key stories across the specialist financial media, including news that the US will file a complaint at the WTO on Tuesday over Chinese limits on exports of rare earths used in high-tech products
US to file WTO complaint over China rare-earth export caps
The US will file a complaint at the World Trade Organization on Tuesday over Chinese limits on exports of rare earths used in high-tech products, deepening a trade dispute between the world’s two largest economies.
Most Asia markets rose sharply on Tuesday, with banks and commodity-linked stocks performing strongly, although Japanese shares gave back the bulk of early gains after the nation’s central bank left interest rates unchanged.
European shares gained on Tuesday on hopes German and US data will support rising hopes of an economic recovery ahead of a monetary policy statement by the Federal Reserve.
EU set to suspend Hungary development aid on deficit overrun
Hungary faces a freeze by European Union finance ministers on €495 million ($651 million) in EU development aid after the government failed to narrow its budget deficit in a “sustainable” manner.
Citi ex-manager Islam has no regrets from hedge-fund crash
Reaz Islam, who ran Citi hedge funds that lost most of their value in 2008, has “no regrets” about his performance and said “ambulance-chasing” lawyers are behind claims that he and the bank misled clients.
