China accuses the US of launching the ‘largest trade war in economic history’
China immediately slapped retaliatory tariffs on U.S. imports on Friday after the U.S. imposed dutieson $34 billion worth of Chinese products, signaling the start of a full-blown trade war between the world’s two largest economies. President Donald Trump’s administration imposed...
China hits back with tariffs, accusing US of launching the ‘largest trade war in history’
China implemented retaliatory tariffs on some imports from the U.S. on Friday, immediately after new U.S. duties had taken effect. The move signals the start of a full-blown trade war between the world’s two largest economies, after President Donald Trump’s...
How to Trade Gold: Top Gold Trading Strategies and Tips
Gold trading strategy: – Trading gold is much like trading forex if you use a spread-betting platform. – A gold trading strategy can include a mix of fundamental, sentiment, or technical analysis. – Advanced gold traders recognize that the yellow...
FOMC Minutes: Members Urged Attentions on Yield Curve, Change in Forward Guidance
The FOMC minutes for the June meeting revealed that the members were confident over the growth and inflation outlook, although they acknowledged intensifying trade conflicts. There were discussions over the term structure of interest rates. While many of them were...
Asian Markets Down as US-China Trade War Formally Starts, Dollar Recovers ahead of NFP
Asian markets are trading broadly lower today as the US is set to start the Section 301 tariffs on Chinese imports, and the latter’s retaliation is also ready. This would mark an important turning point as the risks of trade...
How Have Major Currencies Fared So Far in 2018, and What Lies ahead?
Following the completion of the second quarter of the year, the dollar is standing higher against most of its major peers, drawing support from a more hawkish Fed and a US economy firing on all cylinders. Below, we outline how...
FOMC Minutes Show a Fed Likely to Stay the Course on Quarterly Rate Hikes
The Federal Open Market Committee (FOMC)’s minutes from their June meeting showed little change in participants’ views of the economic outlook, even as they expressed some concern over the potential impact of tariffs on business investment. Participants expressed increased confidence...
US farmers could take a significant hit from Trump’s tariffs
The Trump administration’s tariffs, a 25 percent duty on $34 billion worth of Chinese goods, are set to take effect 12:01 a.m. EST on Friday. Beijing has said it would retaliate immediately with tariffs of its own. That leaves U.S....
Xiaomi faces a reality check in its closely watched IPO
Chinese smartphone maker Xiaomi is ready to put its business to the verdict of investors with an IPO in Hong Kong, but a disappointing pricing and a listing delay in mainland China are casting a cloud over its debut. Xiaomi,...
After-hours buzz: PSMT, FLR & more
Check out the companies making headlines after the bell: PriceSmart stock was down nearly 7 percent in after-hours trading. The San Diego-based company missed on earnings for its third quarter, earning 61 cents per share versus the 63 cents per...
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