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A new mega project for gas transit to China is in the offing, as Russian President Vladimir Putin has approved Mongolian offer to construct a transit gas pipeline to China through its territory. According to Mongolian President Khaltmaagin Battulga who made the announcement at the Eastern Economic Forum (EEF), the Chinese President Xi Jinping has…
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Peer-to-peer lending platforms in China will have their details recorded by the country’s Central Bank credit system in a bid to tighten the guidelines in the financial and digital credit spheres in the country. The new directive to tighten the regulations is part of the country’s efforts to mitigate risks, frauds, and other financial crimes…
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The U.S.-China trade war continues with both countries scheduling a new round of talks that are expected to help the nations reach an agreement on the current commercial conflict. After the announcement, DOW futures surged, but analysts remain cautious about how the bond market behaves. Trade War Affects Investment Strategies Drew Matus, chief market strategist…
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The effects of the trade war between China and the United States were again felt on Monday after the Southeast Asian stock markets fell with Singapore taking the lead. The benchmark index in Singapore fell by 0.8% with industrial stocks contributing heavily to the dip. Leading the way is Jardine Matheson Holdings Ltd that dropped…
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Twitter, the social media platform that’s already viewed as somewhat divisive thanks to its Founder and CEO Jack Dorsey, has been running ads for Xinhua News, a Chinese news publication going after the protestors in Hong Kong, reports The Next Web. The promotions were done via promoted tweets, according to the Pinboard Twitter account, which…
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Apple CEO Tim Cook talked to President Donald Trump on Sunday, discussing the impact of the trade war. Cook discussed competition from Samsung Electronics as well. Trump reveals the conversation On Sunday, Trump revealed that he had spoken with Cook about US tariffs on Chinese imports. He said that Cook “made a good case” about…
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Goldman Sachs, a New York-based investment bank and financial services company, hadn’t properly accounted for the current trade war between the United States and China, reports CNBC. In fact, because of this, the company ended up lowering its quarter four growth forecast by 20 or so points, hitting a 1.8%. Jan Hatzius, chief U.S. economist…
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Amid a trade war between the United States and China, the International Monetary Fund (IMF) stated in recent hours that the value of yuan, Chinese official currency, was mostly in line with its economic fundamentals. However, and according to a report from Reuters quoting an IMF representative, the organization is trying to stimulate the Asian…
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US banking giant JP Morgan confirmed that it will be holding a majority equity stake in a Chinese asset management joint venture. The company received the stake in a recent auction. JP Morgan’s foothold in China While the US and China relationship is rocky, JP Morgan is making new strides in the giant Asian economy….
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Bond yields are falling globally as investors becoming increasingly worried about the US-China trade war. Investors are moving their funds into US government bonds, and this is pushing yields lower by the day. As of Monday, the ten year US Treasury yield fell by 1.75%, the lowest the yield has been since October 2016. The…
