President-elect Donald Trump has already begun to captivate financial markets with his unorthodox negotiating style, as evidenced by the reaction to his Tuesday night threat to impose 25% tariffs on …
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Ex-Bank of China Chairman Liu Liange Sentenced to Death for Corruption
Beijing: The former chairman of the Bank of China, Liu Liange, was on Tuesday sentenced to death with a two-year reprieve for corruption and illegal issuance of loans. He was found to have accepted …
After Trump’s Tariff Threat, Is a China Currency War Next?
While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.
Trump fires the first salvo of his renewed trade war with China: A 10% across-the-board tariff
On Truth Social, Trump alleged that Chinese inaction on illegal fentanyl was the reason behind the new 10% tariff.
Hong Kong is becoming a hub for financial crime, US lawmakers say
Hong Kong has become a center for money laundering and sanctions evasion under the tightening grip of Beijing, US lawmakers have warned, calling for a re-evaluation of America’s close business …
‘No one will win a trade war,’ China says after Trump tariff threat
Neither the United States nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after U.S. President-elect Donald Trump threatened to slap an additional 10% tariff on all …
Legislation introduced to combat financial threats from Chinese Communist Party
The act would “require deeper analysis of potential financial threats from the CCP that may have substantial impacts on the U.S. economy.” …
UBS on track to fully own China securities joint venture
One of UBS’s joint venture partners in China will sell its entire holding in a securities company, paving the way for the Swiss bank to fully own a sizeable securities brokerage in the world’s …
Oil prices risk moving lower as China demand falters: Analyst
Oil prices (CL=F, BZ=F) fell on Monday following reports that Israel and Hezbollah may be nearing a ceasefire deal. Stephen Schork of The Schork Group tells Yahoo Finance there has been a “bearish …
China fights yuan weakness with steady interest rates as US tariff threats ease
China’s central bank kept its medium-term lending facility (MLF) rate locked at 2.0% on Monday, stabilizing the yuan as pressure mounts following Donald Trump’s U.S. election win. The People’s Bank of …
Want Want China Holdings Unveils Interim Financial Results
Want Want China Holdings (HK:0151) has released an update. Want Want China Holdings has released its interim results for the six months ending …
China central bank injects $124 billion into banking system via one-year policy loans
China’s central bank injected 900 billion yuan ($124.3 billion) into the banking system on Monday via one-year policy loans, as local governments step up selling bonds to ease debt burdens. The People …
China’s central bank keeps medium-term loan rate unchanged amid yuan weakness
The yuan has come under pressure following Donald Trump’s victory in the U.S. presidential election. Wang Tao, chief China economist at UBS Investment Bank, estimates the MLF to remain at 2.0% this …
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