US Treasury Secretary Steven Mnuchin said Monday he expects China to uphold a trade deal reached with Washington this year, and warned of “consequences” if the country did not. The comments come amid … (…
Tagged By business
China Market Update: Trade Tensions Lead To Risk-Off
Key News Asian equities cratered today on threats of new US tariffs as US-China tensions led to a risk-off day. ( read original story …)
Chinese cloud services provider Kingsoft Cloud sets terms for $425 million US IPO
Kingsoft Cloud Holdings, a Chinese cloud services and infrastructure provider being spun out of Kingsoft, announced terms for its IPO on Monday. The Beijing, China-based company plans to raise $425 … ( read original story…
Dow futures fall as Wall Street weighs states’ reopenings, China-U.S. tensions
U.S. stock-index futures fall sharply in thin trading Sunday evening as investors contend with state reopenings amid signs of brewing conflict between … ( read original story …)
United States dollar dominance on shaky waters as China’s digital Yuan takes shape
The Yuan is reported to have opened for trials in at least for cities in China including Shenzhen, Suzhou, and Chengdu. Despite the COVID-19 pandemic China has not altered nor interrupted the … ( read…
Trump administration pushing to rip global supply chains from China -officials
“This moment is a perfect storm; the pandemic has crystallized all the worries that people have had about doing business with China,” said another senior U.S. official. Story continues “All the money … ( read…
US intelligence believes China hid the severity of the novel coronavirus in January to hoard medical supplies
The Associated Press obtained a DHS report that says China hid the extent of the outbreak while increasing imports of face masks and surgical gloves. ( read original story …)
Crypto Long & Short: Why Bitcoin’s Big Rally Is a Sign of Its Economic Resilience
Bitcoin’s underlying technology and monetary system make it one of the few investable assets that is immune to the economic fluctuations we have ahead. ( read original story …)
Global Brands Need China’s Consumers to Spend. They Might Have to Wait.
Companies from Lego to Domino’s Pizza report signs of a bounceback in China compared with recent months. But a full return to normal will be harder as many in the country have lost jobs or…
US to push new tariffs against China
However, President Trump is contemplating new tariffs on China, alleging that it could have done more at the onset of the novel-coronavirus pandemic. During the COVID-19 quarantine, with most industry … ( read original story…
China’s Bitcoin-like cryptocurrency enters race days after Facebook’s Libra fails to fly
China’s central bank has started testing its official Bitcoin-like digital currency DCEP, and the bank is now planning to roll out the virtual money payment system soon. ( read original story …)
Divorcing China: The West’s Return To Ideology And Its Impact On Global Business
Privacy, freedom of expression and transparency are reshaping the global trade landscape into distinct ideological blocks that will dictate corporate behavior—as well as accelerate the West’s … ( read original story …)
Twitter Accused Of ‘Shadow-Banning’ Bitcoin And Crypto Accounts
Some influential members of the bitcoin and crypto community have complained Twitter has “shadow-banned” them, limiting their reach and … ( read original story …)
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