ASIA / AUSTRALIA: India’s Prime Minister Narendra Modi has been elected for a second term, thanking voters for five more years in office. Modi has had a reputation of being a nationalist and making sure the security of the nation was at the forefront of voters’ minds. There will be those unhappy with the outcome […]
ASIA / AUSTRALIA: There are reports emerging that China could cut off U.S. supply of rare earth elements, which are essential for use in weapons, cell phones, hybrid cars, and magnets. Recently, President Xi spoke out stating there was a “new Long March” and China “must start over again,” which signals a longer than expected […]
ASIA / AUSTRALIA: Chinese telecommunications manufacturer Huawei has been banned from the recent updates from Google’s Android system. Currently, Huawei is the second largest manufacturer of smartphones. They will, however, be allowed on the latest released version of Google’s Android operating system which is open sourced. The CEO of Huawei previously stated that the company […]
ASIA / AUSTRALIA: Luckin Coffee, a Chinese coffee company (whom many consider growing competitor to Starbucks) successfully raised 651 million in an IPO in the US. The stock initially rallied up from $17$ to $25, and closing the day just over $20 (+19.88%). The global markets slipped today over reports that the US and China […]
ASIA / AUSTRALIA: After President Trump’s national emergency call over IT technology, China has threatened to retaliate against the US with sanctions. China sees America’s action as an attempt to restrict international trade by prohibiting the Chinese technology giant Huawei. There also seems to be a trend in China where people are calling for a […]
ASIA / AUSTRALIA: President Xi Jinping urged fairness and openness when he was presenting at a conference on Dialogue of Asian Civilizations in Beijing. “Thinking that one’s own race and culture are superior, and insisting on transforming or even replacing other civilizations, is stupid in its understanding and disastrous in practice.” He further added, “There […]
ASIA: As we reported yesterday, there are a lot of conspiracies emerging that China will be selling off their treasuries to punish the U.S. for their latest tariff hikes. Many analysts believe this is unlikely due to the massive risk of increasing worldwide interest rates and the probability of backfiring on China. Another question raised […]
ASIA: No real surprises coming off the news of Friday and over the weekend. China announced they will be increasing tariffs on approximately $60 billion worth of U.S. goods up to 25% on June the 1st. Earlier in the day, US President Trump tweeted that if China were to retaliate it would continue to escalate […]
ASIA: As mentioned in yesterday’s MT, the U.S. raised tariffs on China after the most recent deadline of 12 midnight eastern had passed. Trump earlier this week said that he was frustrated by the lack of progress (regression) in negotiations, while today he stated there is no rush to the ongoing talks now that the […]
ASIA: China and the U.S. entered the day with just one day left to agree to a trade deal before the U.S. imposed tariffs on $200 billion dollars’ worth of Chinese goods goes up from 10% to 25%. Chinese Premier Liu is in the U.S. meeting with trade negotiators in an attempt to resolve differences, […]
