JAKARTA (Reuters) – Indonesia’s central bank on Thursday will keep its main interest rate unchanged for a sixth straight policy meeting as rising U.S.-China trade tensions renew pressure on the rupiah … ( read original…
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China sets yuan mid-point at lowest in 4 months
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 … (…
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 Announces Tariff Retaliation to Take Effect on June 1
(Bloomberg) — China announced that it will increase tariffs imposed on … The tariffs will take effect on June 1, according to a statement on the Ministry of Finance’s website on Monday. The charges ……
China to retaliate in a moderate way not to provoke a further escalation – Danske Bank
“China today retaliated against Trump’s tariffs. On the surface it looks like a measured response but China is also likely to stop purchases of US agricultural goods and other products,” argue Danske … ( read…
China stocks fall, yuan at FOUR-month low as U.S. trade talks stall
Worries over the trade impasse also hit China’s currency, which was dragged lower by heavy corporate demand for the greenback. Prior to the market open, the People’s Bank of China (PBOC) lowered the … (…
Trump fact check: A ‘fog of misinformation’ on the trade dispute with China, AP finds
The burden of Trump’s tariffs on imports from China and other countries falls entirely on U.S. consumers and businesses that buy imports, said a study in March by economists from the Federal Reserve … (…
Why Trump’s trade war with China could quickly send stocks down more than 10%
A 10% correction could be what we are looking at,” veteran strategist Matt Maley at Miller Tabak said on Yahoo Finance’s The First Trade Monday. Maley contends that still high stock valuations coupled … (…
China to slap tariffs on U.S. goods despite Trump warning
China’s finance ministry said it plans to set import tariffs ranging from 5% to 25% on 5,140 U.S. products on a revised $60 billion target list. It said the tariffs will take effect on June…
