As others look inward, the City is keeping its eye on the world September 2, 2019 Domestic and international politics, as well as the latest developments in the Brexit saga, are set to dominate the headlines in the coming weeks and months. While we cannot simply put the Brexit question to one side, we must remember that it is just one – admittedly important – part of a bigger picture: the [...]
Trade war intensifies as US and China start latest round of tariffs September 1, 2019 The US and China have slapped new tariffs on each other’s goods today, ratcheting up trade war tensions after a turbulent 12 months for global markets. A fresh round of tit-for-tat tariffs have come into effect this morning, with the world’s two largest economies implementing new taxes on imports amid a diplomatic standoff. Read more: [...]
US to hit China with new wave of 15 per cent tariffs as trade war escalates August 31, 2019 The US is set to impose new tariffs on a range of Chinese goods on Sunday as the trade war escalates further. The US is expected to hit billions of dollars worth of Chinese imports to the country with a 15 per cent tariff. Read more: US President Donald Trump’s personal assistant leaves White House [...]
European stock markets cheered by soothing words from China on trade war August 29, 2019 European stock markets have been boosted this morning after the Chinese commerce ministry said it was in talks with the US over the two sides’ raging trade war. Read more: China announces measures to tackle trade war-driven slowdown Gao Feng, the ministry’s spokesman, said China was opposed to further escalations of the trade war and [...]
Lenovo sued over patent infringement August 28, 2019 A US-based company is taking Chinese computer-maker Lenovo to court over allegations it infringed on a series of 4G patents. Interdigital has filed papers in Britain’s high court as it tries to protect four patents, the company said today. Read more: Vectura shares get a shot in the arm after drug maker wins GSK patent [...]
Thomas Cook set to receive £450m Fosun rescue package August 28, 2019 Thomas Cook is close to agreeing a rescue deal with a major shareholder that could result in the company’s delisting. The travel operator is agreeing bailout terms with Chinese investment firm Fosun that will see it throw £450m into the ailing company for a 75 per cent equity stake. Read more: Thomas Cook shares plunge [...]
China announces measures to tackle trade war-driven slowdown August 27, 2019 The Chinese government has announced measures to boost consumption in the country as its economy slows under the weight of its raging trade war with the US. Read more: Donald Trump announces tariff hikes as US-China trade war escalates As part of the drive to increase consumption the Chinese state council, equivalent to its cabinet, [...]
Asian stocks rise cautiously after Trump softens trade war rhetoric August 27, 2019 Stock markets in Asia climbed cautiously into the green this morning after President Trump made more optimistic comments about the trade war following what he described as two “very good calls” from Beijing. “China called last night our top trade people and said: ‘Let’s get back to the table,’” he said at the G7 summit [...]
UBS turns bearish on stocks due to US-China trade war August 26, 2019 UBS Global Wealth Management has recommended that clients sell stocks due to concerns that the latest escalation in the ongoing trade war between the US and China could threaten global markets. The world’s largest wealth manager cut its core equity recommendation to “underweight” after US President Donald Trump increased tensions between the two countries as [...]
Trump: China wants a deal ‘very badly’ August 26, 2019 Donald Trump helped stocks rebound today as investors bought into renewed hope of a trade truce between the US and China. At the end of a characteristically unpredictable weekend of mixed messages from the US President, Trump said that he believed China wanted to reach an agreement to end the standoff. Markets were rattled earlier [...]