Oil prices fall amid uncertainty over US China trade deal October 14, 2019 Oil prices fell this morning amid uncertainty over the first phase of a trade deal between the US and China. Markets were lifted two per cent by optimism over a thaw in the frosty relations by the end of last week, but Brent Crude was down 1.11 per cent this morning, valued at $59.84 per [...]
City of London Corporation looks east to China in post-Brexit plans October 13, 2019 London must capitalise on the US-China trade war to increase Chinese investment and help offset the potential effects of Brexit, according to the City’s governing body. The City of London Corporation proposes to position London as a “top global financial centre” and as a “supporter to China’s financial reform” in a motion to be reviewed [...]
Investors hope for end to market jitters after US-China trade truce October 13, 2019 Investors will be hoping for more stable trading this week after a preliminary trade agreement between the US and China marked a possible end to months of market volatility. President Donald Trump hailed the “biggest deal ever” after reaching a limited trade deal with China on Friday. Read more: Donald Trump reveals phase one trade [...]
Donald Trump reveals phase one trade agreement with China October 12, 2019 The US and China have come to an agreement on the first phase of negotiations, President Donald Trump confirmed on Friday. The “substantial” trade deal covers intellectual property, financial services and large agricultural purchases. Read more: Trump turns against Fox News after latest impeachment poll Following talks with China’s Vice Premier Liu He, Trump told [...]
Donald Trump says US-China trade talks going well October 11, 2019 US President Donald Trump said today that the trade talks between the US and China were going well. He tweeted: “Good things are happening at China Trade Talk Meeting. Warmer feelings than in recent past, more like the Old Days. I will be meeting with the Vice Premier today. All would like to see something [...]
Why cash-rich renters are on the rise October 11, 2019 According to conventional British wisdom, renting is something you do when you can’t afford to buy a house. While that’s still true of the majority of London renters, there is another group – and they’re growing. Some are international executives coming here to work for a year or two. There are wealthy overseas students, too, [...]
Markets hope for trade pact as US-China talks restart October 10, 2019 Trade talks between the US and China are set to start again today in a bid to reduce the tensions between the two economic giants. US markets rallied last night, with the S&P 500 closing up 0.9 per cent. European markets opened positively this morning, while Asian markets closed up. Read more: The US-China trade [...]
The US-China trade spat is a proxy war in a much bigger battle October 10, 2019 Make no mistake, the trade war is real. But it is being used as a proxy by China and the US to fight a bigger battle: one that transcends orthodox definitions of hard and soft power to incorporate “sharp” power – influence over finance, information, ideas, even thought and behaviours. It is a fight for [...]
Goldman reviews role in planned Megvii IPO after US blacklisting October 9, 2019 Goldman Sachs is reviewing its role in the planned listing of a Chinese tech firm that has been blacklisted by the US. The bank said today that it was looking at its involvement in Megvii Technology’s potential initial public offering (IPO). Read more: Weaker European market expected to be at centre of potential HSBC job [...]
EU warns of cyber risks from state-backed 5G suppliers October 9, 2019 The EU has warned of increased cybersecurity attacks from state-backed 5G suppliers in an apparent toughening of rhetoric against Chinese tech firm Huawei. In a report published today, member states said it was crucial to assess the risks posed by firms with a large market share in the bloc. Read more: US looks to fund [...]