The trade war heats up as the U.S. and China impose new tit-for-tat tariffs. Yahoo Finance’s Dion Rabouin, Seana Smith, and Dan Roberts discuss along with Third Seven Advisors market strategist Michae… ( read original…
Monthly Archives For August 2018
Chinese banking sector warned it faces day of reckoning as decade of easy money ends
A moment of truth is arriving for China’s vast banking industry after a decade of exuberance, a senior regulator warned on Thursday. With the US Federal Reserve on track for further monetary tightenin… ( read…
Beijing retaliates as new US tariffs kick in on $16 billion of Chinese goods
A new round of U.S. tariffs on $16 billion worth of Chinese imports kicked in on Thursday, prompting Beijing to retaliate with its own levies on American goods worth the same amount. The latest trade…
China Tightens the Noose on 124 Offshore Cryptocurrency Exchanges
China’s government will take steps to further block access to more than 120 offshore cryptocurrency exchanges whose websites are still accessible on the mainland. Citing local financial news outlets, … ( read original story …)
Alibaba Escalates Attack on Meituan Ahead of Rival’s IPO
Those considering Meituan’s IPO will now have to weigh its prospects in a costly battle with China’s most valuable company. Ele.me had already broadcast plans to spend $443 million in the third quarte… ( read…
Markets nervous amid new US-China tariffs and Trump’s troubles – as it happened
Tightening of financial conditions through asset price and currency adjustment and a broader hit to business and consumer confidence are now more likely than a few months ago and have the potential to … (…
China woos Wall Street as reciprocal US tariffs take effect
… trade tension produced by China’s state television broadcaster plays on a computer screen in Beijing © AP Instead, it has tried to appeal to US businesses by announcing market opening measures, es… ( read…
U.S.-China trade war escalates as latest tariffs kick in
Foreign Ministry spokesperson Lu Kang would not reveal any details of the talks during a daily news briefing. “We hope that the U.S. side can meet China halfway, and with a rational, pragmatic attitud… (…
Beijing woos Wall Street as new reciprocal US tariffs take effect
Beijing is also cautious not to deter offshoring US corporations by stoking fears that China is a dangerous place to do business. Instead, it has tried to appeal to US businesses by announcing market ……
China banking and insurance regulator issues revisions to foreign ownership regulations
BEIJING, Aug 23 (Reuters) – China’s banking and insurance regulator published on Thursday revisions to existing regulations in line with Beijing’s plans to ease restrictions on foreign investment in t… ( read original story …)
China reports 4th outbreak this month of African swine fever
BEIJING — China on Thursday reported another outbreak of African swine fever that threatens the country’s crucial pork industry, but officials say they have the situation under control. The latest cas… ( read original story…
As Trade War Intensifies, China Moves to Bolster Its Economy
Larry Kudlow, the director of President Trump’s National Economic Council, pointed out during a Cabinet meeting last week that China’s own official statistics for business investment, retail sales and … ( read original story …)
U.S.-China trade war escalates as new tariffs kick in
The official Xinhua news agency said in a commentary on Thursday that China approached the latest round of talks in good faith, but that Washington remains vague about what it wants. “As U.S. Presiden… (…
