ASIA: Reuters today reported that Chinese ships are reportedly changing their names in order to bypass US sanctions on Iranian crude oil. Meanwhile, China General Nuclear Power Group (CGN) has been placed on a blacklist by the US meaning that no US firm will be allowed to trade with such companies. The Chinese officials responded that they […]
ASIA: US President Donald Trump has urged his Chinese counterpart President Xi to meet with protesters in Hong Kong. In a series of tweets, firstly highlighting the qualities of President Xi by calling him a good man in a tough business, and later tweeting, “If President Xi would meet directly and personally with the protesters, […]
ASIA: China has described the Hong Kong protests as “terrorism” as clashes with police broke out after a few days of peaceful protests. All eyes are on the Chinese government on how they are going to deal with the ongoing situation in Hong Kong. US President Trump commented, “We’ll see what happens. But I’m sure it’ll […]
ASIA: Today the US stated that it will remove Chinese imports from its target list and delay tariffs up to December 15th from the 1st of September on Chinese cell phones, laptops and other electrical goods which in turn caused a rally in the US markets. The office of the US Trade Representative stated that […]
ASIA: A lot of videos are emerging on social media regarding the police brutality against the Hong Kong protestors, with a lot of attention on the Chinese government’s actions regarding the rising protests. Meanwhile, there is still no positive news regarding the US-Chinese trade war with some analysts speculating that trade negotiations have broken down […]
ASIA: The IMF has released a report stressing that the US-China trade war be resolved quickly as it is putting pressure on global growth. “That is not only good for China and the U.S., but also for the international community as a whole,” Jin Zhongxia, executive director for the People’s Republic of China, says in […]
ASIA: A lot of economic news emerging from China and some is somewhat surprising too. The 3.3% rise in exports YoY overpowered the memories of a 1.3% decline in June, the data from State Customs has revealed. This shows that China could perhaps outlast any tariffs and issues the US throws its way. Unsurprisingly, overall […]
ASIA: Last week on Thursday, President Trump threatened to add another 10% tariff on an additional 300 billion USD worth of goods coming into the U.S. from China. China responded to President Trump’s threat by allowing the Chinese yuan — with the current exchange rate of 7.05 Chinese Yuan to the dollar — sink to […]
ASIA: The major Asian stock markets had a mixed day today: Shanghai decreased 43.94 points or -1.56% to 2,777.56 Kospi decreased 29.48 points or -1.51% to 1,917.50 ASX 200 decreased 162.20 points or -2.44% to 6,478.10 NIKKEI 225 decreased 134.98 points or -0.65% to 20,585.31 Hang Seng decreased 175.08 points or -0.67% to 25,976.24 SENSEX […]
ASIA: The major Asian stock markets had a negative day today: Shanghai decreased 46.34 points or -1.62% to 2,821.50 Kospi decreased 51.15 points or -2.56% to 1,946.98 ASX 200 decreased 128.30 points or -1.90% to 6,640.30 NIKKEI 225 decreased 366.87 points or -1.74% to 20,720.29 Hang Seng decreased 767.26 points or -2.85% to 26,151.32 SENSEX […]
