Thursday, September 23, 2021
Chinese stocks took a hammering Monday as traders returned to work after a weeklong holiday in the world's second-largest economy. Losses on major indexes in mainland China were as high as 4.8% in a major market rout, with the China A50, which includes major companies from both the Shenzhen and Shanghai indexes, as the biggest…
THE FATE of the euro was always going to depend on Italy. With annual GDP of more than €1.6trn ($1.9trn), about 15% of euro-area output and debt of nearly €2.3trn, it poses a challenge to the single currency that Europe seems unable to manage but cannot avoid. Matters are now coming to a head, as…
OF THE various things Britain’s government has got wrong in its Brexit negotiating strategy, perhaps the most enduring is the belief that it could drive a wedge into the ranks of the remaining 27 members of the European Union. A favourite early mantra of Brexiteer MPs was that German carmakers would pressure Angela Merkel to…
SYDNEY (Reuters) - Australia will offer Pacific countries up to A$3 billion ($2.18 billion) in grants and cheap loans to build infrastructure, Prime Minister Scott Morrison said on Thursday, as Canberra seeks to counter China’s rising influence in the region. Australia and China have been vying for influence in sparsely populated Pacific island countries that…
Research from UBS shows President Trump's tariffs on Chinese goods are having a material effect on US-China trade. The analysts reviewed US import data for $34 billion of products that fell within the first tranche of US tariffs on July 6. And the decline has been "sharp and unambiguous": Census/UBS "The modest uptick in September…
SHANGHAI/BEIJING (Reuters) - Trade frictions with the United States and accusations of industrial espionage are set to cast a cloud over China’s largest aerospace meeting this week, as suppliers consider what the country’s slowing economy could mean for booming jet demand. J-20 stealth fighters of Chinese People's Liberation Army Air Force (PLAAF) are seen during…
(Reuters) - U.S. stocks fell on Monday as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs, following the main three indexes’ biggest weekly declines in over seven months. Traders work on the floor of the New York Stock Exchange (NYSE) in…
Will a trade war crush the Chinese economy? Unlikely, said a panel of experts speaking at the Fortune Global Forum in Toronto on Monday. “The US-China conflict—it’s not a positive, it’s not something that is going to help growth [in China] but neither is it going to necessarily impact the overall macro economy,” said Jonathan…
Image copyright HoC The UK is "significantly closer" to delivering on the result of the Brexit vote, Theresa May has told MPs.She told the Commons it would give the UK control of borders, laws and money - and also protect business and jobs. The PM is now in a crucial cabinet meeting where she is…
Payment card skimming that steals consumers’ personal information from e-commerce sites has become a booming industry over the past six months, with high-profile attacks against Ticketmaster, British Airways, Newegg, and Alex Jones’ InfoWars, to name just a few. In a sign of the times, security researcher Jérôme Segura found two competing groups going head to head…