4 powerful weapons China has in its arsenal to win the US-China trade war
Last week, the U.S. fired the latest shot in its trade war with China, revealing a list of tariffs that it could slap on $200 billion worth of Chinese goods. While China has, to this point, been matching U.S. tariffs...
Deutsche Bank calls Amazon its top internet pick for the short term and long haul
Amazon shares will surge this year due to its expansion into new industries and countries, according to Deutsche Bank. The firm raised its price target to $2,200 from $1,800 for Amazon shares, representing 21 percent upside to Thursday’s close. It...
Côte d’Ivoire’s path to higher ratings blocked by political risk
Full of beans: Investors are getting a taste for Côte d’Ivoire, thanks in part to improving cocoa prices, but political division isn’t so easy to swallow The West African nation, climbing 14 places in ECR’s global rankings in 2018 to...
Trump says stock market gains since election give him opportunity to wage a trade war: ‘We’re playing with the bank’s money’
President Donald Trump said the stock market rally since his election victory gives him the opportunity to be more aggressive in his trade war with China and other countries. “This is the time. You know the expression we’re playing with...
Trump says he’s ‘ready’ to put tariffs on all $505 billion of Chinese goods imported to the US
President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise. “I’m ready to go to 500,” the president told CNBC’s Joe Kernen in a “Squawk Box”...
The Fed now has to raise rates to prove it’s independent from Trump, investment manager says
The Federal Reserve has no choice but to raise rates in defiance of President Donald Trump’s criticism of its monetary policy, an investment manager said Friday. In an interview with CNBC at the White House on Thursday, Trump lamented Fed...
Euro Trading A Tad Higher In The Asian Session
For the 24 hours to 23:00 GMT, the EUR rose slightly against the USD and closed at 1.1646. The US dollar declined against the Euro, after the US President, Donald Trump criticised the Federal Reserve’s (Fed) policy of gradual rate...
Britain’s Retail Sales Unexpectedly Declined In June
For the 24 hours to 23:00 GMT, the GBP declined 0.45% against the USD and closed at 1.3016, amid disappointing retail sales data. Data revealed that UK’s retail sales unexpectedly fell 0.5% on a monthly basis in June, compared to...
Dollar Rally Capped by Trump’s Fed Trespassing, Sterling Remains Broadly Weak
Just after the Dollar index hit one year high at 95.65 overnight, it’s hit down by Trump’s criticism on the supposed-to-be independent Fed policies. For now, the greenback is staying as the second strongest one for the week, next to...
Higher oil prices are threatening the future of a once-burgeoning financial sector
Higher oil prices this year have reduced the need for energy-exporters in the Middle East to raise funds through the Islamic bond market — threatening the growth of a niche finance sector that has been struggling to gain wider traction....
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