President Donald Trump has repeatedly defended his tariff hikes on China by saying that they are not impeding US economic growth but are a main reason why China’s growth is slowing. “China is doing very, very poorly,” Trump told reporters recently, referring to its economy. “The tariffs have really bitten into China. They haven't bitten into us at all." The Chinese economy is so poor, he…
Chinese mainland equities, or A-shares, will be much more accessible to foreign investors. However, investors should do due diligence to more effectively understand the potential risks and rewards in this growing, and increasingly important, market.
China’s pursuit of business and economic links to the Middle East is expected to spur further development in Islamic finance around the world. Specifically, China’s Belt and Road Initiative, a regional infrastructure investment program spanning over 100 countries, has been touted as a boon for the Islamic banking sector. Such financing complies with Sharia principles, meaning it…
Investors are suddenly much more concerned about the political transition in Argentina. The country’s stock of debt is large but not unmanageable, with a path to avoid default and to boost growth in sight.
According to Fathom Consulting, a global independent macro research consultancy, it's proprietary China Momentum Indicator 2.0 has slowed to 4.6% in June, the lowest reading since Aug. 2016. There is also a growing gap between the China Momentum Indicator 2.0 at 4.6% and official GDP data at 6.2%. Might suggest China's economy hasn't yet bottomed, could continue to…
The Communist Party of China would like the mainland Chinese population and the rest of the world to believe that the ongoing, sometimes violent protests in Hong Kong pose a threat of "terrorism." But the truth is that China has only itself to blame for pushing the city's idealistic youth into the streets once again.
China’s Huawei will spend more on production equipment this year to ensure supply continuity, cut redundant roles and demote inefficient managers as its grapples with a “live-or-die moment” in the wake of US export curbs, said founder Ren Zhengfei, reported Reuters.
KIA reportedly made "calculated exits" from investments it felt were vulnerable to a downturn in global financial markets The post Kuwait sovereign fund in portfolio shift on signs of global economic weakness appeared first on Gulf Business.
When Mauricio Macri won the last presidential election in 2015, the future for Argentina’s banks looked rosy: a spate of international debt and equity deals confirmed the optimism. No one who participated in those deals – including Galicia’s CEO Fabián Kon – thought the country would soon be back to square one.
New videogames powered better-than-expected profits for China’s Tencent Holdings Ltd. in the second quarter, reported the Wall Street Journal. Tencent, owner of the social networking app WeChat, said that its profit for the period rose to RMB 24.1 billion ($3.4 billion) from RMB 17.9 billion a year earlier. Analysts polled by FactSet were expecting a […]
DXY eased overnight despite a weak EUR and CNY hitting an eleven year low: Here it is with a chart to disturb the even a hardened geopolitical observer: The Australian dollar was hammered versus DMs: And EMs: Gold held on: Oil fell: Metals do not look well: Nor big miners: Or EM stocks: Nor junk:
The post Australian dollar belted as Chinese yuan breaks appeared first on MacroBusiness.
Originally posted in October 2017, an odd corner of the insurance business.
If there was a euro/renminbi to be made, the Dutch re/insurers would already be on it:
...the herverzekering crowd in Amsterdam, they're tough bastards.*
But they aren't, so this reads a bit like Death of a Salesman, Tibet-style.
From Pacific Standard:
On the northeast corner of the Tibetan Plateau, in central
South Korea's Supreme Court said it will rule next Thursday on whether to uphold the reduced sentence given to Samsung Group heir Jay Y. Lee or ask an appeals court to revisit a case that was part of a graft scandal that brought down the country's then-president in 2017.