Trump threatens to renew trade attack on China

Trump threatens to renew trade attack on China U.S. President Donald Trump has threatened to renew trade attack on China after he called the nation “cheaters”. “No one has manipulated or taken advantage of the United States ...

13.11.2019

Oil dips as prospects dim for U.S.-China trade deal

Oil dips as prospects dim for U.S.-China trade deal Oil prices dipped on Wednesday as prospects for a trade deal between Washington and Beijing dimmed, weighing on the outlook for the global economy and energy demand. U.S. President Donald ...

13.11.2019

Toshiba reports highest profit in over two years

Toshiba Corp reported its second quarter profit, the company’s highest profit in over two years. The company is set to buy out three of its subsidiaries as it moves forward from a management crisis and accounting scandals. Toshiba reported ...

13.11.2019

NIKKEI INCHES LOWER AS TRUMP SPEECH, HK’S POLITICAL UNREST BRING ANXIETY

TOKYO- Japanese shares sunk lower on Wednesday after US President Donald Trump’s speech brought disappointment to investors as he disclosed very little information about the trade deal. In line with this, Hong Kong’s political unrest ...

13.11.2019

Alibaba plans to launch $15 billion Hong Kong share sale

China’s e-commerce giant Alibaba Group is set to launch a Hong Kong share sale that is anticipated to raise $15 Billion as early as Thursday, according to the two sources knowledgeable of the discussions. As Alibaba executives prepare ...

13.11.2019

Hong Kong braces for more skirmishes as protesters paralyze the city

Hong Kong prepared for more tumults on Wednesday as the mass protests continue to spread violence around the city-state, paralyzing some transport links, schools, and businesses. Demonstrators scuffled with the police through the night at university ...

13.11.2019

RUSSIA TO REDUCE US DOLLAR SHARE IN NATIONAL WEALTH FUND

MOSCOW-Russia planned to cut the share of US dollar in its National Wealth Fund as it is currently eyeing on investing in other foreign currencies including Chinese Yuan, Russian Deputy Finance Minister Vladimir Kolychev said on Wednesday. The ...

13.11.2019

EUROPEAN BONDS SUFFER AS TRADERS EXPECT EUROPEAN AUTO TARIFFS DELAY

LONDON-European bonds plummeted on Tuesday on expectations that US President Donald Trump will yet again hold his decision on whether to implement tariffs on European autos. This dampened investors’ appetite regarding government debt. ...

12.11.2019

EU Commission plans new rules for bank capital as part of reform

The EU Commission planned to propose new rules on bank capital within the European Union by June, according to the EU finance commissioner. The idea is to introduce a reform that was globally agreed on two years ago. The new rules named Basel ...

12.11.2019

Trump says trade talks with China are doing well, stresses deal has to be great

“I’d like to make a deal, but it’s got to be the right deal.” This is what U.S. President Donald Trump said in light of the ongoing negotiations between his country and China to seal a trade deal and eventually end the ...

12.11.2019

Alibaba hit $23 billion sales in first nine hours of its annual Singles' Day

Alibaba Group Holding Inc. reported sales of 158.31 billion yuan ($22.63 billion) for the first nine hours of its annual Singles’ Day shopping festival. The sales were 25%, or 126.72 billion yuan higher than the previous year. The annual ...

12.11.2019

Oil drops due to oversupply and doubts on US-China trade deal

Oil prices fell amid resurfacing doubts on trade deal between the US and China, as well as excess supplies affecting the market. The contract climbed 1.3% last week while Brent crude dropped 0.9%, or 55 cents, placing it at $61.96 per barrel. ...

12.11.2019

China’s auto industry shifts focus to rural car sales

China’s auto industry shifts focus to rural car sales China’s auto industry executives met with government officials over the weekend in order to seek ways to promote higher car sales in rural areas, according to sources familiar ...

12.11.2019

Hong Kong regulator fines UBS $51 million for overcharging clients

Hong Kong regulator fines UBS $51 million for overcharging clients Swiss Bank UBS was fined HK$400 million ($51.09 million) by Hong Kong’s securities regulator for overcharging around 5,000 clients for the past decade. The Hong Kong Securities ...

12.11.2019

NIKKEI AT 13 MONTH HIGH AS CYCLICALS STEADY

TOKYO-Japan’s stock index reached 13-month high record last Friday brought by economic optimism. This followed after months of inactivity over conflicting data about Sino-US trade deal progress. The Nikkei rallied up to 0.26% at 23,391.87 ...

08.11.2019

World billionaires experience wealth decline for the first time in ten years

World billionaires’ wealth fell for the first time in a decade due to geopolitical unrest and fluctuating equity markets. According to the Union Bank of Switzerland (UBS), the world’s richest people experienced a decline in their ...

08.11.2019

EUROPEAN SHARES INCH LOWER DUE TO TRADE PACT UNCERTAINTY

European shares began its session with weak footing last Friday compromising its performance throughout the week. This followed after US-China trade pact uncertainty left investors doubtful over the possibility of the said trade pact signing. ...

08.11.2019

Washington and Beijing agree to retract existing tariffs

Washington and Beijing agree to retract existing tariffs Washington and Beijing had both agreed to retract existing tariffs on each sides’ goods on Friday. Gao Feng, spokesperson for China’s Commerce Ministry said that “both ...

08.11.2019

Vietnam to inspect Chinese smartphones for disputed maps

Vietnam to inspect Chinese smartphones for disputed maps Vietnam will inspect all smartphones imported from China which includes Huawei and Xiaomi models according to the Tuoi Tre newspaper reports that cite Ngyuen Hung Anh, head of Vietnam ...

08.11.2019

PM Shinzo Abe asks cabinet to prepare measures to support economy

Shinzo Abe, Japan’s prime minister, ordered his cabinet to design a package of stimulus measures to beef up the economy and build infrastructure to cope with large natural disasters, according to a Japanese government spokesman. Chief ...

08.11.2019