News

While you weren’t looking, everything with China went off the rails

US-China relations have taken a nosedive over the last few months. Instead of focusing on the trade war, the Trump administration is laser focused on even more contentious parts of the relationship in an attempt to push US policy toward a harder line before it leaves power. Meanwhile China has […]
While you weren’t looking, everything with China went off the rails
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
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
Tech

The cofounder of Arm is trying to block the chip design firm’s $40 billion sale to Nvidia, saying it would ‘destroy’ its business model while making the UK ‘collateral damage’ in US-China tensions

Hermann Hauser, the cofounder of chip designer Arm, wrote a letter to the UK Prime Minister urging him to block Nvidia from buying the firm from Softbank in a $US40 billion deal. Nvidia’s acquisition of Arm could ‘destroy’ the firm’s business model, may force hundreds of its customers across the […]
The cofounder of Arm is trying to block the chip design firm’s $40 billion sale to Nvidia, saying it would ‘destroy’ its business model while making the UK ‘collateral damage’ in US-China tensions
Tech

TikTok may outmaneuver Trump and avoid selling its US operations

TikTok’s parent company ByteDance won’t be selling off TikTok’s US operations after all, Reuters reported Monday. Instead, ByteDance is trying to set up a partnership with Oracle, allowing the US tech giant to manage TikTok’s US user data. Microsoft announced on Sunday that its bid to acquire TikTok US had […]
TikTok may outmaneuver Trump and avoid selling its US operations
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