India would lodge a trade dispute against the United States at the World Trade Organisation if Washington does not grant it exemptions from higher tariffs on steel and aluminium, three government officials involved in trade talks told Reuters.
World stocks slipped on Monday as investors braced for a blizzard of earnings from the world's largest firms, while keeping a wary eye on U.S. bond yields as they approach peaks that have triggered market spasms in the past. The yield on 10-year U.S. Treasuries hit its highest level since January 2014 at 2.9790 percent in early European trade, as the spread over the German equivalent briefly touched its widest level in 29 years.
Dutch health technology company Philips on Monday said rising trade tensions between the United States and China are having a negative effect on its results, as they drive prices of raw materials such as aluminium and steel higher.
German engineering association (VDMA) raised its forecast for 2018 output growth to 5 percent from 3 percent, driven by strong demand from other European countries and the United States, its head said on Monday.
* Waste paper imports down 54.2 percent, waste plastic at zero (Adds detail, background)
China's trade with North Korea in the first three months of 2018 fell 60.6 percent from a year earlier to $482.93 million, customs data showed on Monday.
China's decision to impose fresh restrictions on imports of coal at some ports appears to have caused a sharp fall in inbound shipments of the polluting fuel.
* Coke prices rose after producers meet to discuss capacity cut
China's scrap metal imports in March fell by 24.6 percent from the same time a year ago as new curbs on foreign solid waste came into effect for the first time, while waste paper imports slid by 54.2 percent and the country imported zero plastic.
Workers at one of Russia's biggest aluminium smelters say their Siberian town is doomed unless Moscow mitigates U.S. sanctions against aluminium giant Rusal, a predicament mirrored across the company's sprawling operations.