Markets

Major index provider S&P Global drops 21 Chinese firms from its benchmarks after a Trump Administration order that bans US investors from buying shares in blacklisted companies

S&P Dow Jones Indices will drop securities from 21 Chinese companies in line with an executive order issued by President Donald Trump that limits US investment in some Chinese firms. Hikvision, SMIC, CRRC, and seven other companies will be deemed ineligible from S&P’s equity indices before December 21. S&P DJI […]
Major index provider S&P Global drops 21 Chinese firms from its benchmarks after a Trump Administration order that bans US investors from buying shares in blacklisted companies
News

China’s trade boomed in September, reaffirming the world’s second largest economy is recovering from the pandemic

China’s trade boomed in September, with imports rising 13.2% year-on-year, easily beating expectations for an increase of 0.3%, while exports rose 9.9% year-on-year. Medical supplies, including personal protective equipment, and electronics fuelled the rise in exports. China’s trade surplus with the US fell to 30.75 billion in September down from […]
China’s trade boomed in September, reaffirming the world’s second largest economy is recovering from the pandemic
Markets

Trump’s COVID-19 diagnosis is seen as a ‘self inflicted wound’ and will bolster China’s global standing, Atlantic Council’s CEO says

US president Donald Trump’s COVID-19 diagnosis will boost China’s international reputation, the CEO of think-tank Atlantic Council Fred Kempe said in a CNBC opinion piece over the weekend. Trump and first Lady Melania Trump tested positive for coronavirus on Friday. Kempe said: “Chinese officials will embrace this period as additional, […]
Trump’s COVID-19 diagnosis is seen as a ‘self inflicted wound’ and will bolster China’s global standing, Atlantic Council’s CEO says
Markets

US trade deficit in July hits widest point in 12 years

Summary List Placement The US trade deficit in July swelled to its greatest gap since the 2008 financial crisis, the Commerce department reported Thursday. The US trade deficit, or gap between imports and exports, widened nearly 19% to $US63.6 billion in July from $US53.5 billion in June, according to the […]
US trade deficit in July hits widest point in 12 years
Tech

China has successfully kneecapped Trump’s TikTok ban as sale talks hit a speed bump

Summary List Placement Beijing has successfully set roadblocks into the acquisition talks between TikTok and various prospective American buyers according to multiple reports from Reuters, the Wall Street Journal, and Bloomberg. Late last week China introduced a set of new export restrictions on 23 categories of technology. Included among these […]
China has successfully kneecapped Trump’s TikTok ban as sale talks hit a speed bump
Markets

Global stocks tick higher after ‘constructive’ US-China trade talks conclude and investors pin hopes on early development of a vaccine

Global stocks climbed on Tuesday after the US and China held “constructive” talks about their Phase One trade deal. Japan’s Nikkei rose 1.4%, while in Europe, the broad Euro Stoxx 50 climbed 0.7% in morning trade. “Both sides had a constructive dialogue regarding stepping up macroeconomic policies coordination and the […]
Global stocks tick higher after ‘constructive’ US-China trade talks conclude and investors pin hopes on early development of a vaccine
Markets

Dow climbs 358 points as Trump stimulus orders offset China tensions

US stocks climbed on Monday as investors digested President Donald Trump’s weekend stimulus orders against China tensions and new coronavirus cases. On Saturday, President Trump signed four executive actions to extend coronavirus aid after Congress failed to come to an agreement last week. US-China tensions escalated when China imposed fresh […]
Dow climbs 358 points as Trump stimulus orders offset China tensions