Singapore: STI Index (.STI) caution over potential US-China trade deal Singapore stocks ended higher on the last trading day of the week, with the Straits Times Index gaining one per cent, or 29.07 points, to 3,083.6 on Friday’s close. The field was roughly evenly matched, with 181 gainers to 193 losers, as some 850.4 million […]
Despite being blocked in China, Twitter and other overseas social media sites have long been used freely by activists and government critics to address subjects that are censored on domestic forums — until now. As Beijing presses a campaign to throttle any remaining voices that stray from the Communist Party narrative, it is extending its […]
See a 10% Rally in Stocks On a Trade Deal with China $DIA, $SPY, $QQQ, $RUTX, $VXX A positive US-China statement or a tariff pause are rising possibilities China’s Bear market is driving the settlement agreement. Investors pained by the pullback in stocks are looking toward this month’s G-20 Summit for a breakthrough on trade. […]
President Trump: “China wants trade deal, may not impose new tariffs.” Friday, US President Donald Trump said that China had sent a list of things it was willing to do to resolve trade tensions with the United States and his Administration may not have to impose further tariffs, but he added the situation was still […]
Next Round of US China Tariffs on Hold Pending Settlement Talks at the G-20 $SPY China and the US are trying to reach a trade truce ahead of the G-20 meeting US stock rally on the news. US Trade Representative Robert Lighthizer has told some industry executives that another round of tariffs on Chinese imports […]
US China Trade Talks Back On President Donald Trump’s top economic adviser said Tuesday that the United States was talking again with China on trade, calling it a “very positive” development. “Right now we’re having communications at all levels of the US and Chinese governments,” National Economic Council Director Larry Kudlow said in a TV […]
A China-backed bid to complete the world’s largest trade deal — without the United States — was pushed back to next year after Asia-Pacific trade ministers failed to agree key terms at a Singapore summit. The Regional Comprehensive Economic Partnership (RCEP), covering half the world’s population, is billed as an antidote to Donald Trump’s “America […]
Hong Kong: HANG SENG INDEX (.HSI) China’s big three telecoms firms rose on new network deals Hong Kong shares edged higher on Thursday following a Wall Street rally driven by relief that U.S. midterm elections produced no major surprises, and as China’s big three telecoms firms rose on new network deals. The Hang Seng index […]
French fashion house Hermes reported Wednesday another quarter of brisk sales growth, propelled by red-hot demand in China, where the ultrachic brand expects further growth as it opens stores and rolls out online sales. The company said sales in the third quarter climbed 9.4 percent to 1.46 billion euros ($1.68 billion), racking up higher sales […]
Hong Kong: HANG SENG INDEX (.HSI) China premier talks up targeted policy support Hong Kong shares erased early losses and ended higher on Tuesday after China’s premier said the country would take targeted policy steps to support private companies. *At the close, the Hang Seng index was 0.7 percent higher at 26,120.96 points while the […]
NASDAQ Composite (.IXIC) confusion surrounding a possible resolution to U.S.-China trade deal Markets ended lower on Friday following a three-day rally on confusion surrounding a possible resolution to U.S.-China trade spat in the near term. Also, Apple’s shares declined following a disappointing forecast, which took a toll on the broader tech sector as investors felt […]
Australia: S&P/ASX 200 (.AXJO) Focus on US-China trade war Australian shares are poised to edge lower as conflicting signals about the US and China trade war puts investors on the defensive. The Australian futures index is predicting the market will open around five points lower, giving up any modest gains the ASX made on Friday. […]
Singapore: STI Index (.STI) local earnings reports and China data due out this week Asian markets were given a boost from the middle of the past week on positive earnings reports from Wall Street and developments in US-China trade relations. But as markets head into the first full week of November, all eyes will be […]
President Trump, “I Think We’ll Make a Deal With China on Trade” US President Donald Trump said Friday that he will likely make a deal with China on trade, adding that a lot of progress had been made to resolve the 2 countries’ differences but warning that he still may impose more tariffs on Chinese […]
Alibaba Group Holding Limited (NYSE:BABA) Singles Day will arrive amid concerns about whether macroeconomic issues in China Alibaba Group Holding Ltd. is just a few days away from its biggest shopping event of the year, but Singles Day will arrive amid concerns about whether macroeconomic issues in China are dampening consumer spending. In the past […]
President Trump’s China Trade Tweet Drives the Market North $DIA, $SPY, $QQQ, $RUTX, $VXX US stocks rose for a 3rd day running Thursday after President Trump said trade talks with China were “moving along nicely” boosted investors optimism. President Trump Tweeted that he had a “long and very good conversation” with China’s President Xi, adding […]
Vietnam’s finest restaurateur takes aim at China and Singapore The luxury hospitality group behind some of Vietnam’s finest restaurants is taking its recipe for success global, opening two more dining establishments on its home turf before expanding its culinary footprint in China and Singapore early next year. After unveiling a second HOME restaurant in […]
Hong Kong: HANG SENG INDEX (.HSI) economy’s factories slows amid ongoing US-China trade war Hong Kong and China markets both ended higher on Wednesday, shrugging off China’s worse-than-expected reading for manufacturing activity for October. The Hang Seng Index rose 1.6 per cent, or 394.16 points, to 24,979.69, while the Hang Seng China Enterprises Index added […]
Next China Tariff Impositions ‘Not set in stone’ Stock Market Response is Positive Wednesday afternoon the White House economic adviser, Larry Kudlow downplayed main stream media reports President Donald Trump may implement more tariffs on China as the 2 nations’ trade depute escalates in the financial press. “Nothing is set in stone right now,” the veteran […]
Hong Kong: HANG SENG INDEX (.HSI) US-China trade war back in the spotlight Overnight on Wall Street, stocks closed lower following a Bloomberg News report that said the United States is preparing new tariffs against all remaining Chinese imports if trade talks between Presidents Donald Trump and Xi Jinping fail to reconcile the ongoing trade […]
The People’s Bank of China has reportedly let the renminbi slip to a 10-year low against the dollar on Tuesday. A cheaper yuan helps Chinese products mitigate the losses from US import tariffs imposed by President Trump. The official yuan exchange rate was fixed at 6.9574 per dollar on Tuesday, 0.28 percent weaker than the […]
Dow Jones Industrial Average (.DJI) concerns about global growth and escalating tariff clashes between the U.S. and China The Dow Jones Industrial Average gave up a 352-point gain to end lower Monday and highlighted a market that has grown increasingly unsettled amid concerns about global growth and escalating tariff clashes between the U.S. and China. […]
Canadian Dollar: USD/CAD (CAD=X) U.S-China trade dispute could dampen economic growth The Canadian dollar is trading sideways in the Monday session. Currently, USD/CAD is trading at 1.3108, up 0.01% on the day. On the release front, it’s a quiet start to the week, with no Canadian events. In the U.S, there are two minor consumer […]
Shanghai: SSE Composite Index (.SSEC) slide amid worries about U.S.-China trade relations Asian stock markets gave up an early lead on Monday, with Chinese stocks leading the declines, amid worries about U.S.-China trade relations and the health of the tech sector on Wall Street. Down from the start of trading, the Shanghai Composite SHCOMP, -2.18% […]
More Tariffs in Store for China if President Trump’s Meeting with President Xi Fails in November $DIA, $SPY, $QQQ, $RUTX, $VXX The United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade dispute. The […]
There is a big question appearing in world’s mind what would be happened when two giant economies heading towards a war, and how it will affect all of us? Although it is not actually a war but matter of the fact is US and China are at the verge of a trade war. We have […]
Ford Motor Company (NYSE:F) posts weaker sales and higher costs in China Ford Motor Company (NYSE:F) said it earned $991 million in net income in the third quarter, down 37% from the third quarter of 2017 largely because of weaker sales and higher costs in China. Revenue of $37.6 billion was up about $1.1 billion […]
Dow Jones Industrial Average (.DJI) investors grow increasingly unsettled by the prospects for China’s economy U.S. stocks slumped broadly in early trading Tuesday, sending the Dow Jones Industrial Average down more than 500 points and extending the market’s recent string of losses. The latest wave of selling came as investors grew increasingly unsettled by the […]
Japanese Yen: USD/JPY (JPY=X) Japanese policymakers are keeping a close eye on the strained relations between China and the U.S The Japanese yen has edged lower in the Monday session. In North American trade, USD/JPY is trading at 112.68 up 0.12% on the day. On the release front, Japanese All Industries Activity improved 0.5%, up from […]
China’s Growth Slows, Investors Seeking Reassurances Friday, China reported economic growth sank to a post-global crisis low as finance officials launched a media blitz to shore up confidence in its fall stock market. Growth in the Quarter that ended in September slipped to 6.5% over a year earlier from the prior Quarter’s 6.7%, official data […]
Why China is Right to be Wary of Bitcoin (BTC) $BTCUSD China has cracked down on Bitcoin shuttering cryptocurrency exchanges, the Bottom Line The wave of sell orders that hit the US ‘coin’ market on 10 October 10 should not have surprised anyone who watches it carefully, we saw it coming months ago. Bitcoin (BTC) […]
NASDAQ Composite (.IXIC) worries about the U.S.-China trade war Stocks fell sharply on Thursday, adding to already steep losses for the month of October. The Dow Jones Industrial Average dropped 327.23 points to 25,379.45, led by declines in Caterpillar. The S&P 500 fell 1.4 percent to 2,768.78 as the consumer discretionary and tech sectors lagged. […]
China Has Not Responded Positively to US on Trade Beijing’s trade practices make them an unreliable negotiating partner. White House economic adviser Larry Kudlow hammered China’s lack of cooperation in the US attempt to forge a trade deal. “They are unfair traders. They are illegal traders. They have stolen our intellectual property,” Mr. Kudlow said […]
China’s growth downshifted in the third quarter as investment slowed and the widening trade conflict with the United States weighed on sentiment, according to analysts surveyed by AFP. The world’s second largest economy expanded by 6.5 percent in the July to September period, the poll of 12 economists found ahead of the official release of […]
China’s Q-3 GDP Growth Lowest Since the ‘Great Recession’ An official survey confirmed that manufacturers were coming under stress. At this week’s end, global investors and policy makers will likely be given a cold hard reminder of the costs of the US-China trade dispute, with a Reuters poll predicting that China’s Q-3 growth will slow […]
President Trump Warns China, “Another round of tariffs coming.” US President Donald Trump threatened to impose another round of tariffs on China and warned that Chinese meddling in US politics is a “bigger problem” than Russian involvement in the 2016 Election. Asked in a TV interview whether he wants to push China’s economy into a […]
China Has the Power to Destroy Bitcoin (BTC) $BTCUSD A damning new study has suggested China holds threatening influence over Bitcoin (BTC), and perhaps even the ability to attack and ultimately destroy the entire Bitcoin network. Academics from Princeton and Florida International Universities have explored how China “threatens the security, stability, and viability of Bitcoin” […]
Shanghai: SSE Composite Index (.SSEC) investors assess China central bank’s move to cut banks’ reserve requirements Shares in Asia stumbled on Monday in morning session as investors assess China central bank’s move to cut banks’ reserve requirements in a bid to support growth. The Shanghai Composite Index fell 2.19% in morning session after the bourse […]
GOLD 1 OZ (XAU=X) worries about precious metals demand coming out of China Gold and silver prices are solidly lower in early-afternoon U.S. trading Monday, and close to their daily lows. The safe-haven metals did not get any benefit from an uptick in risk aversion to start the trading week today. Instead, both are being […]
Everyone’s Fleeing China Stocks Everyone’s Fleeing China Stocks as Foreigners Dump $1.4-B today in Hong Kong Chinese stocks’ worst October start in a decade has scared off the last remaining Bulls. Foreigners sold $1.4-B of A shares through exchange links with Hong Kong Monday, just short of a record hit 8 months ago, as Mainland […]
China’s central bank announced Sunday it would reduce the reserve requirement ratio (RRR) for most banks by one percentage point, the fourth time this year the country has sought to free up credit for businesses as they face down $250 billion in US tariffs. The move to cut the amount of cash which most commercial […]
Gold Dips, USD Firms, China China Eases + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold prices inched lower Monday as USD firmed after China’s central bank eased its domestic policy to support the economy. Spot gold was down 0.2% at $1,200.31 oz at 0103 GMT, the precious Yellow metal […]
Singapore: STI Index (.STI) financial analysts have turned cautious on China stocks Singapore companies have been on a global acquisition spree. Companies in Singapore have announced US$91 billion (S$125.7 billion) of overseas deals this year through September. The figure is more than double the US$41.9 billionrecorded in the corresponding period last year. Total number of deals increased 7.8% from last year to 468. […]
Trade War Hits Oil as China Dumps USA America’s second-largest oil client, China, has completely stopped buying crude from the United States as trade tensions between the world’s two largest economies continue to grow. While oil has not been included on the list of bilateral tariffs, Chinese refiners have been staying away from buying crude […]
US and China May Resume Trade Talks in December President Trump’s Economic adviser Larry Kudlow said a meeting could take place when policy makers meet in Buenos Aires for the G-20 meeting. Mr. Kudlow, director of the National Economic Council, said at a securities industry conference in Washington that no formal plans have been made […]
US China Trade War Continues Even as he announced a new trade deal with Canada and Mexico on Monday, US President Donald Trump again went after China, making it clear a truce with Beijing was unlikely to come soon. Trump told reporters China wanted to open negotiations but “frankly, it’s too early to talk.” With […]
President Trump Is Not Satisfied With China Trade Talks White House economic adviser Larry Kudlow said President Donald Trump is not satisfied with the progress of trade talks with China. “Nothing is imminent on China. I think there are discussions going on. No, I wouldn’t say it was imminent,” Mr Kudlow said in a TV […]
China Seeks a ‘Peaceful Path’ to Resolve Trade Issues Friday, China warned that its critical relationship with the United States could break “like a glass,” and used the most global of stages to warn The Trump Administration it will not be pushed around on trade. Foreign Minister Wang Yi insisted that his country “will not […]
Shanghai: SSE Composite Index (.SSEC) data showed industrial profit growth in China continuing to slow China stocks ended lower Thursday after data showed industrial profit growth in China continuing to slow in August and after the U.S. Federal Reserve lifted rates, while news of A-share inclusion in FTSE Russell indexes failed to boost sentiment. At […]
Chinese stocks will be added to a key benchmark run by a unit of the London Stock Exchange Group next year, further opening up mainland equities to international investors. FTSE Russell said that upon completion of an initial phase next June, yuan-denominated shares will make up around 5.5 percent of the FTSE Emerging Index. US-based […]
Alibaba Group Holding Limited (NYSE:BABA) executive chairman Jack Ma said the U.S.-China trade war could last a long time Alibaba Group Holding Limited (NYSE:BABA) executive chairman Jack Ma said the U.S.-China trade war could last a long time U.S. may put more pressure on China through higher tariffs, if it decides the damage from China […]
China’s Trade Policy Change “Not Going to Be Easy” Tuesday, US President Donald Trump’s top trade official said that changing China’s economic policies to become more market-oriented “is not going to be easy” even with tariffs now in place on $250-B worth of Chinese goods. US Trade Representative Robert Lighthizer, in rare public remarks at […]
Gold Flat on Firm USD, China Trade Tensions Continue + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold was steady Tuesday on US-China trade tensions after $200-B of tariffs came into effect, investors stay on the sidelines ahead of the FOMC policy meeting. Spot gold was barely changed at 1,198.28 oz by 0056 GMT. […]
China said on Tuesday it was impossible to hold trade talks with the United States while Washington is imposing tariffs that are like “holding a knife to someone’s throat”. Speaking a day after Washington activated tariffs on $200 billion in Chinese goods, vice commerce minister Wang Shouwen said China is open to negotiations but that […]
Japanese Yen: USD/JPY (JPY=X) traders brush off US-China tensions he Japanese yen is currently weakening against all major currencies except the Australian dollar and the Canadian dollar. Last week, the yen continued to weaken against the US dollar. Trading volumes in Japanese yen futures decelerated week-over-week, albeit to a fairly small degree. Today’s USD/JPY trading […]
Hong Kong: HANG SENG INDEX (.HSI) China calls off planned trade talks with Washington Hong Kong stocks tumbled on Monday after China cancelled trade talks with the US and accused it of “bullying” trade tactics, ending a four-day winning streak. The benchmark Hang Seng Index fell 1.6 per cent, or 454.19 points, to close at […]
Gold Down on From USD, as China Halts Trade Talks + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold edged lower Monday, as USD held firm on news that China has cancelled trade talks with the United States, with the market also eyeing this week’s FOMC policy meeting for guidance on […]
Australian Dollar: USD/AUD (AUD=X) risks to its outlook from U.S.-China trade tensions The Australian Dollar, a proxy of China-related trades as well as gauge of risk sentiment, climbed to a three-week high last week. It also produced its biggest weekly advance in 14 months. Additionally, S&P Global Ratings revised its outlook on triple-A rated Australia […]
Hong Kong: HANG SENG INDEX (.HSI) US imposed fresh tariffs on $200 billion worth of imports from China After the US imposed fresh tariffs on $200 billion worth of imports from China, the regional stock markets rose instead of falling. The Hang Seng Index was up 2.4 percent last week while the Shanghai Stock Exchange […]
President Trump Sees Gain From China Tariffs as Worth US Pain The Trump Administration said it needs to confront China over its trading practices to defend US long-term interests even as escalating tariffs may cause discomfort for American consumers. Inaction by the US would leave the American economy and consumers worse off over the longer […]
President Trump: “Time to Take a Stand on China After Tariff Move” US President Donald Trump hit out at China days after announcing another round of tariffs, signaling the trade dispute will not end soon. “It’s time to take a stand on China,” President Trump said in an interview late Thursday with Fox News. “We have no […]
United States Oil (USO) lower as trade tensions heightened between the US and China Crude oil futures were lower in mid-morning trade in Asia Tuesday as trade tensions heightened between the US and China, shrugging off analyst expectations of a further draw in US crude stocks. The heightened tension over US-China tariffs saw the market […]
Hong Kong: HANG SENG INDEX (.HSI) fall on fears over US-China tariffs standoff Asian shares were mostly lower Monday on reports that President Donald Trump will soon place tariffs on $200 billion more of Chinese goods, even as officials worked to iron out tensions between the world’s two largest economies. On Saturday, The Wall Street […]
Dow Jones Industrial Average (.DJI) The U.S. and China trade war will be closely looked at this week For the week, the Dow rose 0.9%, its fourth positive week of the past five. The S&P 500 rose 1.2% and the Nasdaq posted a gain of 1.4% for the week, its third positive week of the […]
President Trump Going to Impose New China Tariffs Sunday we learned that US President Trump is going ahead with plans to impose new tariffs on about $200-B of Chinese imports. Both sides were preparing to hold new talks on their tariff dispute. Last week President Trump told reporters such a move could come “very soon.” […]
Typhoon Mangkhut Killed 28 in Philippines, Now Hammering South China Hong Kong and southern China are on Red Alert Sunday as strong winds and heavy rain from super Typhoon Mangkhut lashed the densely populated coast, a day after the biggest storm of the year left at least 28 dead from landslides and drownings in the […]
Shanghai is the world’s worst-performing major stock market this year despite respectable corporate earnings, a disconnect which is feeding growing talk that Chinese equities are now a screaming buy. Not so fast, say brokers and analysts, who warn shares have further to fall due to US-China trade squabbling, slowing Chinese economic growth, and a government […]
President Trump Wants $267-B More in China Tariffs Despite Talks $AAPL, $WMT, $TGT President Trump threatened a 3rd tranche of tariffs on another $267-B of Chinese imports this past week, which would mean levying duties on nearly everything China exports to the US. President Trump said at the time those tariffs were “ready to go […]
China Disappears A-List Actress Fan Bingbing Fan Bingbing, 36 anni, an A-list Chinese movie star who has appeared in the “X-Men” and “Iron Man” film franchises, has more than 62-M followers online in China and fronted campaigns for Montblanc watches and De Beers diamonds, has disappeared. The star dropped out of sight in June when […]
Dow Jones Industrial Average (.DJI) hope of easing U.S.-China trade woes U.S. stocks extended a multiday rally to end higher Thursday, with the S&P 500 and Dow notching consecutive days of gains, as technology stocks rebounded from their recent slump. Optimism pinned to signs of easing trade tensions partly helped to buttress the market’s advance. […]
Gold Dips on News of Resumed US-China Trade Talks $GLD, $SLV, $USD Gold pared gains as China became a focus point again The possible progress in the trade dispute pressured the USD. Gold prices dipped Thursday as investors purchased riskier assets instead of seeking a safe-haven in gold, on news a new round of US-China […]
The Chinese economy revealed fresh signs of softness Friday with data showing the pace of investment slowing to record lows while retail spending and industrial production stabilised. Beijing faces a delicate balancing act, aiming to shift its growth driver away from investment and exports towards personal consumption, while at the same time battling a mountain […]
Singapore: STI Index (.STI) U.S. proposed a new round of trade negotiations with China Asian markets were mostly higher on Thursday after a report that the U.S. had proposed a new round of trade negotiations with China quelled fears that a dispute between the world’s two largest economies was spiraling out of control. According to […]
“China has been a ‘Serial Violator’ of WTO for Many Years” It is a good thing that China and the United States are now talking to each other on trade, but China has been a “serial violator” of the World Trade Organization (WTO) for years, Rep. Jeb Hensarling (R-TX) said Thursday. “It is just not […]
“US Under No Pressure to Make a Deal With China” Thursday, US President Donald Trump denied a recent report in the WS-J that claimed that his Administration has reached out to China to begin new trade talks. “The Wall Street Journal has it wrong, we are under no pressure to make a deal with China, […]
Dow Jones Industrial Average (.DJI) slightly higher on Wednesday after news of a fresh round of US-China trade talks The Dow and S&P 500 ended slightly higher on Wednesday after news of a fresh round of US-China trade talks, while the Nasdaq fell following a decline in Apple as it unveiled larger iPhones but made […]
Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan $USD/CNY In New York Wednesday US Dollar (.DXY) Index finished down 0.5% at 94.75, approaching its August low (94.43). The Buck saw some slight strength in overnight trade, but a slide to lows took place after the release of a cooler than expected […]
Shanghai: SSE Composite Index (.SSEC) US-China trade war concerns China’s stock market, having ceded its position as the world’s second-largest to Japan, continues to lose value and is now worth five times that of Apple Inc. At its peak in 2015, China’s market cap was more than $10 trillion. It’s almost halved in size since […]
Dow Jones Industrial Average (.DJI) President Donald Trump said he’s ready to impose tariffs on essentially every good that’s imported from China WALL STREET: U.S. stock indexes fell on Friday after President Donald Trump said he’s ready to impose tariffs on essentially every good that’s imported from China. The S&P 500 index fell 0.2 percent […]
Hong Kong: HANG SENG INDEX (.HSI) jitters over a potentially severe escalation in the U.S.-China trade war Asian shares fell for the sixth straight session on Thursday as oil skidded and safe-haven gold gained, with investor confidence shaken by turmoil in emerging markets and jitters over a potentially severe escalation in the U.S.-China trade war. […]
China’s PBoC Intensifies Pressure on Cryptocurrency Activity $BTCUSD Chinese authorities have intensified pressure on domestic cryptocurrency activity. Beijing supports the development of the underlying blockchain technology, but it is still trying to limit speculation in digital currencies roughly 1 year since banning their sales in ICOs. Bitcoin prices surged last year as investors bet blockchain […]
Dow Jones Industrial Average (.DJI) Lower on China Tariff Concerns The Dow Jones Industrial Average hit its lowest levels of Thursday, with less than an hour left in trade, following a report that President Donald Trump would impose tariffs on $200 billion in China imports. The report from Bloomberg, citing people familiar with the matter, […]
President Trump ‘Hard Balling’ China With More Tariffs US President Donald Trump is prepared to quickly ramp up a trade dispute with China and has told aides he is ready to impose tariffs on $200-B more in Chinese imports as soon as a public comment period on the plan ends next week it was reported […]
China Banks and the Trade War HEFFX remains bullish on China’s Banks Chinese banking giant ICBC, the world’s biggest bank by assets, posted solid profit growth for the first half of the year Thursday but warned that the US-China trade war could pose risks. Net profit for Industrial & Commercial Bank of China climbed almost […]
Shanghai: SSE Composite Index (.SSEC) markets in China tread water Asian stock markets started strong Tuesday, but gains faded as the day wore on. The initial push built on Monday’s global gains, which saw the S&P 500 and Nasdaq log record closes after President Donald Trump announced a pending trade deal with Mexico, easing global […]
United States Oil (USO) dipped slightly on Monday on concerns about US-China trade dispute Oil prices fell on Monday on concerns the U.S.-China trade dispute will erode global economic growth, although looming U.S. sanctions against Iran’s oil sector kept crude from falling further, traders said. Washington will target Iran’s oil exports with sanctions from November. […]
On the Resolution of China and NAFTA Trade Talks US Stock See Next Leg North $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, Wharton School finance professor Jeremy Siegel advised savvy investors that the current Bull market could extend as much as 10% higher if the US were to settle its trade dust-up with China and reach a […]
British Pound: USD/GBP (GBP=X) eyes Bank of England, USD Fed and China trade talks The main event for the Pound in the week ahead will be testimony from Bank of England (BOE) governor Mark Carney the Parliamentary Treasury Select Committee, on Wednesday, August 22, covering the inflation and economic outlook. Although the BOE raised interest […]
China and the Moral Dilemma at Google Will politics beat shareholders interests? Google workers’ outrage over the notion of censoring searches to appease Chinese officials highlights the dilemma US tech companies face in accessing the lucrative market. Using technology to make the world better is a well-worn mantra in Silicon Valley, preached so strongly by […]
Alphabet Inc. (NASDAQ:GOOG) employees demand more oversight of China search engine Google is not close to launching a search engine app in China, its chief executive said at a companywide meeting on Thursday, according to a transcript seen by Reuters, as employees of the Alphabet Inc (O:GOOGL) unit called for more transparency and oversight of […]
Trade Talks Moving Ahead, Deals With China and Mexico Near Trade talks toresume with China later this month, and US Trade Representative Robert Lighthizer is “getting close” to reaching a trade deal with Mexico, National Economic Council Director Larry Kudlow said Thursday. However, he said in a TV interview that the Chinese government should not […]
China’s securities regulator said it will allow individual foreign investors working in the country to buy and sell yuan-dominated Chinese A-shares, the latest incremental step by Beijing to widen access to its long-cloistered equities markets. The change would go into effect on September 15 and also applies to foreign employees of Chinese-listed companies who are […]
China Seeks to Settle Trade War China will send a top negotiator to the United States in late August to resume trade talks, the commerce ministry said Thursday, the first public meeting on the subject in weeks as the trade conflict intensifies. Vice Commerce Minister Wang Shouwen, the deputy representative on international trade negotiations, will […]
The Kroger Co. (NYSE:KR) products to be sold on Alibaba’s Tmall Global platform in China Kroger’s new online store introduces Our Brands to international customers for the first time. Kroger’s online store test will start with select Simple Truth® items, providing Alibaba’s more than half a billion Chinese consumers with easy access to America’s largest natural and organic brand. […]
United States Oil (USO) China Market Critical for US Oil New Chinese tariffs are set to affect a wide array of refined products and plastics exports from Houston, but for now crude oil and liquefied natural gas exports are exempted. Oil traders said they see the removal of US crude from the tariff list as […]
Alphabet Inc. (NASDAQ:GOOG) Prostitutes Values to Capture China Alphabet Inc.’s (GOOGL) Google has embarked on a broad strategy to expand in China claim a number of people either involved in the effort or watching it closely. The move is at odds with the political grandstanding the company did in relation to censorship in the past, but at […]
The Chinese economy is displaying further signs of weakness, with data Tuesday showing investment slumped to a record low in the first seven months of the year and retail sales slowed. Beijing faces a delicate balancing act, aiming to shift its growth driver away from investment and exports and towards personal consumption, while at the […]
Alphabet Inc. (NASDAQ:GOOG) courting allies in China Google (GOOG, GOOGL) is courting allies in China by providing tools and support to a growing number of app developers, manufacturers and advertisers who rely on the company to reach global consumers, even as its core services such as search, Gmail and You Tube remain blocked for most Chinese […]
China’s Political and Economic Waters Look Choppy As China’s leaders gather for their annual Yellow Sea retreat, its political and economic waters look choppy. Chinese President and ruling Communist Party leader Xi Jinping is beset by economic, foreign policy and domestic political challenges just months after clearing his way to rule for as long as […]
Hong Kong: HANG SENG INDEX (.HSI) blue chip benchmark drops Bank of East Asia and China Merchants Port China Merchants Port Holdings and Bank of East Asia, long term constituents of Hong Kong’s benchmark Hang Seng Index, will be replaced by Sino Biopharmaceutical and Shenzhou International Group Holdings from September 10, index compiler Hang Seng […]