United Overseas Bank Ltd. is betting Southeast Asia will shield it from the escalating trade war between the US and China, distancing itself from the approach of its two main rivals that have expanded ……
FINANCE
Why I’m still bullish on the Canadian banking sector
as the bank benefited from strong US retail lending activity. Along with the U.S. leading the global expansion, slowdowns in the Eurozone and China are stabilizing and our indicators suggest there’s a … ( read…
Bank of Canada holds rates, says economic slowdown likely temporary
It has since stayed on the sidelines citing the economic challenges posed by high levels of household debt, low oil prices and trade tensions between the United States and China. Though the bank … (…
Bank of Canada holds rates but says recent economic slump easing
The U.S. is also taking direct aim China’s tech sector, blocking U.S. companies from doing business with Huawei Technologies over concerns about espionage. The Bank of Canada remains significantly … ( read original story …)
Bank of Canada holds interest rate
the bank said, following the escalation of international conflicts and Chinese restrictions on Canadian goods that are already having “direct effects” on exports. A bilateral diplomatic dispute that … ( read original story …)
Is threat of withholding rare-earth metals a key weapon in China’s trade war with U.S.?
China is banking on the idea that its supplies of rare-earth elements — critical ingredients in products ranging from cellphones to rechargeable batteries to jet fighters — will provide it with … ( read original…
An under-the-radar way to measure economic growth in China is painting a bleak picture
Diesel demand in China fell 14% and 19% in March and April respectively, reaching levels not seen in a decade, according to data compiled by Wells Fargo. “We believe the accelerating decline is most ……
China may weaponize rare earths in trade war with U.S.: Morning Brief
[Reuters] China’s economy weakened in May … For the last 16 months, the stock market has gone nowhere. [Yahoo Finance] Beyond Meat shares soar 7%: Beyond Meat (BYND) shares gained more than 7% in ……
U.S. Spares China Currency Manipulator Label, Expands Watchlist
(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now … Designation as a currency manipulator comes with no immediate penalties but can rattle financial markets. … ( read…
World stocks retreat as China-US jitters set in
SINGAPORE — World markets were broadly lower Wednesday on expectations that a trade dispute between China and the United States would simmer and possibly weigh on growth. Investors are digesting … ( read original story…
China’s First Bank Seizure in 20 Years Spooks Investors
(Bloomberg) — The Chinese government’s first seizure of a bank in more than two decades piles fresh pressure on shares of small lenders that already trade at rock-bottom valuations. A Bloomberg index … ( read…
Traders worry as hopeful Bank of Canada officials meet this week
The central bank will reveal its latest policy decision Wednesday morning. The pesky trade dispute seems to be the wild card here. And it’s little wonder why: The U.S. and China are Canada’s biggest ……
China confident of keeping yuan stable: central bank governor
SHANGHAI (Reuters) – China is confident of keeping the yuan basically stable at reasonable and balanced levels, Yi Gang, the governor of the People’s Bank of China (PBOC) told a meeting recently, … ( read…
