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 [...]
Global stock markets rise as Trump and China dial down trade war rhetoric August 26, 2019 US and European stock markets climbed into the green today after US President Donald Trump calmed investors by saying China was seeking an end to the two sides’ raging trade war. Read more: Trump announces tariff hikes as US-China trade war escalates At the G7 world leaders’ summit in France, Trump said: “We are having [...]
Oil prices slump as China hit US with crude tariffs August 24, 2019 Oil prices took a hit on Friday after China threatened to impose tariffs on US crude oil imports for the first time. Prices tumbled by almost four per cent to a two-week low on a day the trade war escalated. Read more: Trump announces tariff hikes as US-China trade war escalates The ongoing tension has [...]