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Aug 22, 2019 09:13
China’s Commerce Ministry warned the US against further escalating the trade war as it urged Washington not to proceed with new tariffs against Chinese imports, some of which are set to take effect September 1.
- Higher tariffs & currency devaluation don’t solve trade disputes, IMF warns US & China
The International Monetary Fund (IMF) has warned trade war rivals, China and the US, that hiking tariffs only harms both domestic and global growth. The IMF also noted that manipulating exchange rates also doesn't work.Aug 21, 2019 15:08 - China threatens sanctions against US firms involved in F-16 fighter jets’ sale to TaiwanBeijing has urged Washington to cancel the sale of American F-16 fighter planes to Taiwan, vowing sanctions against US companies that take part in the deal in order “to protect [China’s] interests.”Aug 21, 2019 12:37
- Ongoing Hong Kong protests taking toll on city’s economy, Bank of East Asia warnsMassive protests, which have disrupted life in Hong Kong for weeks, may drag the city’s economy down, one of the locally-headquartered lenders, Bank of East Asia, has warned after suffering massive profit losses.Aug 21, 2019 12:57
- ‘LIVE OR DIE MOMENT’ for Huawei, founder says as company in ‘battle mode’ against US sanctionsHuawei’s founder has outlined a “battle” plan to prepare the company for the consequences of the US trade ban, which comes into force in less than three months.Aug 21, 2019 09:31
- Beijing warns Washington against new tariff action, vowing to retaliateChina’s Commerce Ministry warned the US against further escalating the trade war as it urged Washington not to proceed with new tariffs against Chinese imports, some of which are set to take effect September 1.Aug 22, 2019 09:13
- Higher tariffs & currency devaluation don’t solve trade disputes, IMF warns US & ChinaThe International Monetary Fund (IMF) has warned trade war rivals, China and the US, that hiking tariffs only harms both domestic and global growth. The IMF also noted that manipulating exchange rates also doesn't work.Aug 21, 2019 15:08
- Trump says Fed ‘biggest problem’ for US economy, calls Powell ‘golfer who can’t putt’US President Donald Trump has lashed out at the US Federal Reserve and its chairman Jerome Powell, saying they are the only thing that is stalling America’s economic growth.Aug 21, 2019 15:04
- Ongoing Hong Kong protests taking toll on city’s economy, Bank of East Asia warnsMassive protests, which have disrupted life in Hong Kong for weeks, may drag the city’s economy down, one of the locally-headquartered lenders, Bank of East Asia, has warned after suffering massive profit losses.Aug 21, 2019 12:57
- China threatens sanctions against US firms involved in F-16 fighter jets’ sale to TaiwanBeijing has urged Washington to cancel the sale of American F-16 fighter planes to Taiwan, vowing sanctions against US companies that take part in the deal in order “to protect [China’s] interests.”Aug 21, 2019 12:37
- Profit before safety? Walmart sues Tesla, claims solar panels caused fires at several storesRetail giant Walmart is suing Elon Musk’s electric car maker and energy company Tesla, accusing it of “gross negligence” and blaming Tesla’s rooftop solar panels for fires at seven of its stores.Aug 21, 2019 09:35
- ‘LIVE OR DIE MOMENT’ for Huawei, founder says as company in ‘battle mode’ against US sanctionsHuawei’s founder has outlined a “battle” plan to prepare the company for the consequences of the US trade ban, which comes into force in less than three months.Aug 21, 2019 09:31
- Going for gold: Russia boosts bullion stockpile by 9 tons in JulyRussia’s gold reserves rose by 9 tons in July, increasing the value of the bullion holdings by 1.64% to a hefty $101.923 billion (€92 billion), as of August 1.Aug 20, 2019 15:16
- Why the negativity? Rich Danes will be forced to PAY bank to hold their depositsWealthy clients of Denmark’s third largest bank, Jyske Bank, will have to pay to keep savings there instead of earning interest. The bank plans to apply negative interest rates to the deposits.Aug 20, 2019 15:06
- Hong Kong’s days as global financial hub may be numbered – Jim RogersHong Kong is losing its status as a major financial center as investors seek a ‘safe haven’ for their assets in places like Singapore amid rising tensions in the city, legendary investor Jim Rogers told RT.Aug 20, 2019 13:41
- Global economy suffers from high debt with US in worst shape, Peter Schiff tells Boom BustWith the Dow having its worst session in years over fears of a looming recession and central banks worldwide cutting interest rates, Boom Bust looks at where the global economy is heading and the actual basis for rates cut.Aug 20, 2019 12:40
- Jeffrey Epstein ‘signed will’ two days before his death, leaving behind nearly $600 million trustSex offender Jeffrey Epstein reportedly signed a will around 48 hours before he was found dead in his cell on August 10, according to court papers obtained by the New York Post.Aug 20, 2019 10:30
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