Chinese stocks leap as Trump signals delay to tariff increase in US-China trade war February 25, 2019 Chinese stocks soared to their best one-day rise in more than three years today after President Donald Trump indicated the US would postpone a tariffs hike on $200bn of Chinese imports. The US was set to increase tariffs on a vast range of goods from 10 per cent to 25 per cent this Friday, but [...]
Warren Buffett takes aim at Trump in annual letter February 24, 2019 Wall Street veteran Warren Buffett appeared to take aim at President Donald Trump over the weekend, after saying that individuals could not claim credit for success in the US economy. In a letter to Berkshire Hathaway shareholders on Saturday, the billionaire said that “it is beyond arrogance for American businesses or individuals to boast that [...]
US index S&P 500 posts highest close since November on China trade war optimism February 23, 2019 The S&P 500 hit a closing level high for 2019 and posted its highest close since November 8 on the back of news that the US and China trade war could be drawing to a close. Investors revelled in the news that talks were progressing well after top trade negotiators from both countries wrapped up [...]
US and China extend talks as end to trade war nears February 23, 2019 The US and China have agreed to extend talks over a new trade deal in a sign that the two countries may be nearing an agreement. Chinese negotiators have agreed to stay in Washington to continue talks next week, it was announced on Friday. Chinese president Xi Jinpint said “progress” had been made in a statement [...]
Bernie ‘socialist’ Sanders is the Democrats’ worst enemy February 22, 2019 Take a seat, Democrats, your messiah for the 2020 presidential race has arrived, in the form of socialist septuagenarian Bernie Sanders. If you thought that you’d seen the last of Sanders after he lost to Hillary Clinton in the 2016 primaries, think again. The 77-year-old Vermont senator is back, launching his campaign on Tuesday and [...]
Huawei ramps up $2bn plan to address security worries as global pressure mounts February 21, 2019 Huawei has ramped up its $2bn (£1.5bn) project to address British security concerns as pressure mounts on the Chinese firm over spying fears. The tech giant will present its plan to resolve the problems by the end of the first half of this year and may fork out more than the $2bn originally set aside, [...]
Trump urges US businesses to step up 5G and ‘6G’ networks February 21, 2019 US President Donald Trump sparked confusion today as he appeared to soften the country’s stance towards Huawei and called for the rollout of ‘6G’ technology. In a series of tweets, Trump urged US businesses to step up the move to 5G technology and called for the adoption of 6G – which does not exist – [...]
HSBC boss John Flint needs to deliver short term rigour to the bank as well as a long term vision February 19, 2019 Imagine making nearly $20bn in profit during your first year in a job, only to be met with profound disappointment. Such is the lot of John Flint, the latest chief executive tasked with bringing the best out of Europe's biggest bank. HSBC's pre-tax profit for 2018 dragged the FTSE into the red on Tuesday, disappointing traders [...]
WTO blames trade war tariffs for weakest global trade in nine years February 19, 2019 Global trade is about to hit its lowest level in nearly nine years, warned the World Trade Organization (WTO) today, as international tensions and political uncertainty weigh on countries . The WTO's latest forecast warned that trade would fall below its baseline index value of 100 to 96.3 in the first quarter of 2019, the lowest reading since [...]
Feeling the Bern: Bernie Sanders announces 2020 US presidential bid February 19, 2019 US senator Bernie Sanders has announced that he will make a second attempt at winning the Democratic Party presidential nomination next year. Sanders, who is an independent who caucuses with the Democrats, became a political favourite when he lost his bid for the party's nomination in 2016 to former first lady Hillary Clinton. Making the announcement over [...]