On Monday, China’s commodity and stock markets fell steeply in the first trading session after an extended Lunar New Year break, with investors dumping risky assets in response to heightened fears over the outbreak of the coronavirus across China. The… Read More ›
financial markets
Iran launches ballistic missile attack on U.S. bases in Iraq
An Iranian rocket attack on two U.S. forces bases in Iraq has sent financial markets into turmoil with investors scurrying for safety. “The weight of money is counting on a replay of the price-action on Monday. Essentially people are betting… Read More ›
No time to renegotiate complete Brexit – Macron to Johnson
While Brexiters have acknowledged that a no-deal Brexit will significantly impact the country’s economy they however argue that this disruption will not last long and that UK will be free to chart its own course and make trade deals with… Read More ›
U.S. trade action on China hits home – Renminbi falls to new low
As a result of the Renminbi breaching this threshold, the Chinese will have to shell out a lot more to service their debt especially if they want to boost exports. This is even more important given Beijing’s holding of the… Read More ›
Data will decide on next ECB policy: Francois Villeroy de Galhau
ECB policymaker Francois Villeroy de Galhau highlighted the ECB’s resolve to not be swayed by market wings. Economic data will be the determining factor for its next policy move. In an interview on Monday, ECB policymaker Francois Villeroy de Galhau… Read More ›
Bipartisan bill introduced to enforce financial compliance on U.S.listed Chinese companies
According to the Accounting Oversight Board, it faced headwinds in inspecting the auditing work of 224 U.S.-listed Chinese companies which have a combined market capitalization of $1.8 trillion. In a significant development, a bipartisan group of U.S. lawmakers have introduced… Read More ›
Trump likely to further hike U.S. tariffs on Chinese goods this week
The move signals U.S. resolve and intent that it means business. Systemic concerns it has put across to China have to be addressed and resolved. Dilly dallying delaying tactics will not be entertained. In a development that underscores the United… Read More ›
EU updates blacklist of tax heavens, adds 10 jurisdictions
The United Arab Emirates, Oman, Aruba, Belize, Barbados, Fiji, Bermuda, Vanuatu, Marshall Islands, and Dominica have now been added to the list. In a significant development, the European Union has broadened its blacklist of tax havens and has added ten… Read More ›
British lawmakers throw Britain in Chaos
Investors and analysts expect British lawmakers to firmly reject a no-deal Brexit; this opens up the possibility of a second referendum, a delayed Brexit or even a snap election. British lawmakers struck yet another blow to Prime Minister Theresa May’s… Read More ›
U.S.-China trade deal possible during summit: WSJ
Trump has made it clear that unless he is satisfied with the terms of the trade deal, he will walk away from it. As per a report from the Wall Street Journal, high level negotiations between U.S. President Donald Trump… Read More ›