Australia urged China Thursday to press ahead with economic reforms as Premier Li Keqiang began a trade-focused visit amid growing fears of a US slide towards protectionism.

On the sidelines of the meeting of the Egyptian-Lebanese Joint High Committee in Cairo, the Egyptian-Lebanese Businessmen's Forum organized a conference sponsored by the Prime Ministers of the two countries, Saad Hariri and Sharif Ismail, at the Four Seasons Hotel.

German carmaker Porsche said Wednesday it would celebrate a record year with a one-off payment to workers of up to exactly 9,111 euros, a nod to the its iconic 911 sports car.

European markets sank Wednesday, tracking a U.S. and Asian sell-off as the Trump-fueled surge stumbled on doubts over his ability to fire up the world's biggest economy.

Japan's trade surplus hit a multi-year high in February, government data showed Wednesday, as exports to China rebounded after a Lunar New Year lull.

Asian markets tumbled Wednesday, tracking a US and European sell-off as the Trump-fuelled surge in equities went into reverse on fears about the prospects for his plans to fire up the world's top economy.

European stock markets turned lower on Tuesday, dragged down by losses on Wall Street where investors fretted about U.S. President Donald Trump's ability to push through his promised reforms, dealers said.

Shares in German lender Deutsche Bank enjoyed a bounce in Frankfurt trading Tuesday, after it launched a capital increase and said US authorities had closed an investigation into past manipulation of currency markets.

Deutsche shares gained as much as 3.0 percent after the market opened, before slipping back to trade at 15.80 euros ($17.05) -- still up 2.9 percent -- just before 1000 GMT.

The fallout from Brazil's rotten meat scandal accelerated Monday when China, a huge client, suspended imports and the European Union demanded a partial ban.

Another ban on Brazilian meat imposed by Chile sparked fears of a trade spat between the two South American partners.

Most Asian markets rose Tuesday following the previous day's retreat, but the dollar was hit by fresh uncertainty over Donald Trump's economic policy and contradictory views on future rate rises among two top Federal Reserve officials.