With U.S.-China trade tensions deepening, analysts at Bank of America Corp. have war-gamed some potential implications for financial markets. “What if China and the U.S. were to decouple financially,” … ( read original story …)
FINANCE
China’s central bank is poised to cut interest rates amid trade war, economist says
The People’s Bank of China would lower rates twice later in 2019 and once in 2020 as the country’s trade fight with the U.S. heats up, said said Helen Qiao, chief Greater China economist at…
World Bank downgrades its forecast for global economy
In the 19 countries that use the euro currency, growth is forecast to slow to 1.2%, down from 1.8% last year and the 1.6% the World Bank expected in January. Slowed by the Trump administration’s…
Mnuchin to Meet China Central Bank Chief in Japan, Treasury Says
(Bloomberg) — Treasury Secretary Steven Mnuchin will meet with the People’s Bank of China chief during the Group of 20 gathering of finance ministers and central bankers in Japan over the weekend, … ( read…
Beijing needs to pick a bank bailout message
Regulators downplayed their decision to take over troubled Baoshang Bank, just as another small lender with over $100 bln in assets said auditor EY quit. Officials can rescue banks, or not, but … ( read…
China’s ambassador to Canada to leave post later this month
In a speech at an event sponsored by BMO Financial Group and The Globe and Mail in late May, he lashed out at allegations that China is “an ’autocracy’ with ’no freedom’ and ’violating human…
China coordinates laws to combat global financial crime
Money laundering and global financial crime could undermine trade and investment in major financial markets, offshore centers, and emerging markets. The global phenomenon could put China at risk as … ( read original story …)
China wants to end impasse with Canada by meeting halfway: envoy
China’s ambassador to Canada says his government … since the December arrest of a Chinese telecom giant’s chief financial officer in Vancouver. The arrest of Huawei’s Meng Wanzhou was … ( read original story …)
Prepare for the 100-year war between the US and China
The rise of China is not an important cause of western malaise. That reflects far more the indifference and incompetence of domestic elites. Financial Times Anybody who believes a rules-based … ( read original story…
China wants to solve ‘serious difficulties’ with Canada by meeting halfway: envoy
And on China’s blocking Canadian canola imports, Lu considers the matter closed. Canada’s relationship with Beijing has deteriorated rapidly since the December arrest of a Chinese telecom giant’s … ( read original story …)
China warns citizens over US travel
The US and China are in the midst of an escalating war over trade that … The detention of the two Canadians came shortly after Huawei’s chief financial officer Meng Wanzhou was arrested in Vancouver…
China decades behind achieving economy goal
This shift is challenging a banking industry that hasn’t had the assessment of credit risk at the core of its business. Looking more broadly, the allocation of credit is just one part of a triumvirate…
Rare earth company Neo flies under the radar amid U.S.-China tensions
As fears take hold that China may restrict the flow of rare earths metals to the U.S., at least one Canadian company that uses the critical minerals may see a big upside. Toronto-based Neo ……
