World News: 12:44 GMT Wednesday 11th September 2019. [Yahoo Business News Feed via SPi World News]
Earlier in the day, China's finance ministry said 16 types of U.S. goods would be exempted from additional retaliatory tariffs, ahead of a planned meeting between trade negotiators from the two countries. 'The exemption could be seen as a gesture of sincerity toward the US ahead of negotiations in October, but is probably more a means of supporting the (Chinese) economy,' Iris Pang, a Greater China economist with ING, wrote in a note. Markets are now looking for stimulus measures from central banks to stem a global slowdown, with the Fed and the European Central Bank expected to cut interest rates at their policy meetings over the next two weeks.
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