SHANGHAI, May 14 (Reuters) – China’s central bank lowered its official yuan midpoint to 6.8365 per dollar on Tuesday, the weakest level in more than four months, following a fresh escalation in the … (…
Monthly Archives For May 2019
Trade Dispute Between U.S. and China Deepens as Beijing Retaliates
WASHINGTON — The United States and China intensified their trade dispute on Monday, as Beijing said it would increase tariffs on nearly $60 billion worth of American goods and the Trump administration … ( read…
What Beijing’s Retaliation Means For Oil
Beijing fires back On Monday, China fired back. A commentary in the Communist Party’s People’s Daily said “at no time will China forfeit the country’s respect, and no one should expect … ( read original…
U.S., China Trade War Deepens as Beijing Retaliates With Higher Tariffs
Beijing’s retaliation comes at a time when many in China … which could undermine the stability of China’s financial system. ( read original story …)
US/China trade war causing turmoil in global financial markets
after Washington sharply hiked tariffs and Beijing vowed to retaliate. ( read original story …)
China shifts tone: ‘We’ll fight til the end’ with the U.S.
Appealing to sticking together and ‘defending the nation’,” said Allan von Mehren, chief analyst and China economist at Danske Bank. The aired program on Monday also tracked China’s history and … ( read original story…
China’s Kunlun Tech agrees to U.S. demand to sell Grindr gay dating app
Kunlun has already been working with investment bank Cowen Inc to solicit acquisition … Kunlun said in a regulatory filing it would shut down Grindr’s China operations and would not send … ( read original…
China retaliates on tariffs, U.S. stock markets go into a slide
In doing so, American officials accused China of backtracking on commitments it made in earlier … “Both sides will pay,” he told Fox News. In the U.S., prices of soybeans, targeted by Chinese … (…
China To Impose Retaliatory Tariffs On US Goods Despite Donald Trump’s Warning
Before high-level talks last week in Washington, China tried to delete commitments from a draft agreement that Chinese laws would be changed to enact new policies on issues from intellectual property … ( read original…
The misunderstandings of 18-month-old Luckin’s $500m IPO
Luckin Coffee is the most energizing IPO in recent memory … Founder Jenny Qian Zhiya opened a trial coffee shop in Beijing, with a focus on rapid coffee delivery and mobile app ordering. ( read…
Why You Should Invest in Restaurant Brands International (TSX:QSR)
Restaurant Brands has been addressing those issues at a steady pace. Tim Hortons’s expansion into the markets of the U.K., Spain, Mexico, the Philippines, and most recently into China should address … ( read original…
UPDATE 3-Uber shares slump for second day after ill-fated IPO
The fall in shares come against the backdrop of a global stock market selloff sparked by renewed trade tensions between the United States and China. The stock hit a low of $36.58, valuing the company…
UPDATE 1-Slack listing planned for June 20 in wake of underwhelming Uber IPO
Trump to China President Xi: ‘You backed out … A failed trade deal and the Uber IPO drove the harshest pullback of the year for stocks and also served to test the resilience of Wall…
