Part of the reason why global markets are jittery is due to the chatter of U.S. economic data, for the second quarter, that is streaming in, which could easily cross current analysts’ forecasts of 4.1%. A higher growth rate is… Read More ›
U.S
Policy debate on China’s monetary policy rages as economy faces strong headwinds
China will require an active and dynamic support system for its fiscal and regulatory policies so that it can mitigate the challenges posed by the deepening trade war with the United States. A slowdown in China’s economy due to its… Read More ›
China registers highest trade surplus levels with U.S. in June since Dec. 2017
The data could potentially prolong and deepen the ongoing trade war. Official data from the U.S. shows, Beijing’s exports to the United States, have unexpectedly risen to record highs. China’s trade surplus with the U.S. peaked in June and could… Read More ›
China’s National Textile and Apparel Council opposes U.S. tariffs
China is ramping up direct and indirect pressures on Washington. On Friday, China’s National Textile and Apparel Council stated it was deeply concerned with the escalating trade dispute between the United States and China. As per a statement on its… Read More ›
China’s sourced soybeans from Brazil, avoided higher tariffed U.S. soy
With China, the world’s biggest consumer of soybeans, sourcing soybeans from Brazil, the price of Brazilian soy peaked in June. On Friday, according to data from China’s General Administration of Custom China’s import of soybean in June has jumped by… Read More ›
Broadcom’s proposes $19 billion acquisition of U.S. software firm CA
Earlier the Trump Administration had blocked Broadcom’s $117 billion hostile bid to acquire Qualcomm Inc citing national security concerns. But since then in a cunning move, Broadcom has re-domiciled from Singapore to the U.S, which places it outside of CFIUS’… Read More ›
Chinese stocks and yuan falls as Trump threatens tariffs worth $200 billion on Chinese imports to the U.S
In the last 12 months ending May 2018, China has strategically reduced its imports from the U.S. to USD162bn. Investors are anxious to see how China responds to the new U.S. threats. On Wednesday, following U.S. President’s Donald Trump’s threat… Read More ›
China hikes tariffs on select U.S. made optical fiber products
The U.S. companies that are affected by this significant hike in tariffs include Draka Communications Americas Inc, Corning Inc, OFS Fitel, among others. On Tuesday, China’s ministry of commerce disclosed it had applied “anti-dumping tariff rates” for a select segment… Read More ›
Tesla hikes China price of Model X & S by 20%
The U.S. luxury carmaker, which generated 17% of its 2017 sales from China, could relocate some of its carmaking activities to China. In response to the burgeoning U.S.-China trade war, Tesla has become the first automaker to raise the prices… Read More ›
Foreign investors sold Japanese equities worth $7.06 billion in May-June 2018
Having purchased substantially in the first half of the month, foreign investors turned net sellers once the Trump Administration raised the ante, escalating the trade dispute into a potential trade war against Chinese imports to the U.S. aimed at balancing… Read More ›
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