CURRENCY PAIRS –The dollar gained on Wednesday on safe-haven appeal after reports of further tensions in the US-China trade negotiations. However, gains were capped as investors awaited the Federal Reserve for its policy meeting later in the day. The supposedly negative impact of the Fed’s pausing of interest rate hikes on the dollar has been …
CURRENCY PAIRS – Hopes over an imminent trade deal between the United States and China that could potentially end a year-long tit-for-tat tariff dispute pushed the yuan and the Australian dollar higher on Monday. Behind such optimism was a report by a reputable news source on Sunday stating that the two countries are nearing a …
Currency Pairs: Yuan, Aussie Rise on Trade Hopes Read More »
ASIAN MARKET – Asian stocks were higher on Friday after index publisher MSCI announcement which said it would increase the weighting of Chinese mainland shares in its benchmarks that measure stock performances globally. Meanwhile, the dollar benefited from robust economic data. The MSCI index said that it would increase four times the weightings of China’s …
Asian Market: Stocks Higher after MSCI Announcement Read More »
ASIAN MARKET – Asian stocks experienced a China-led rise on Monday after US President Donald Trump announced that he would delay planned hikes in tariffs on Chinese imports. Negotiations between the two economic superpowers have made “substantial progress,” Trump said. Last Sunday, Trump tweeted announced that he would delay the scheduled tariff hikes supposed to …
Asian Market: China Stocks Rise after Trump Tariff Delay Read More »
According to the latest research, China’s Huawei gains more share of the smartphone market against Samsung and Apple. Consumers turn to Huawei phones since Samsung and Apple’s premium models are with high price. A tech research firm – Gartner release a market data report on Thursday. The report reveals Huawei shares on smartphone market increases …
Huawei gains more against Samsung & Apple’s market as price difference matters Read More »
The U.S.-China trade talks are near its ending. Signals point towards a done deal, with China to continue a large run on trade surpluses with the United States. Additionally, it will never affirm Washington’s imposing reforms for its trade industry. The government of China negotiators is firmly tough. For instance, China and Russia arriving on …
Biggest Economies: US-China Trade Deal Resolution is Near Read More »
The US Department of Justice has charged Huawei with theft of trade secrets, wire fraud, and obstruction of justice. A 10-count indictment accuses Huawei stole trade secrets from T-Mobile starting in 2012. Huawei also allegedly offered bonuses to employees who stole confidential information from other companies, particularly US carrier T-Mobile. Additionally, a 13-counti indictment charged …
US Charges China’s Huawei of Stealing Trade Secrets Read More »
Asian stocks held to their nerve on Monday as data showed the Chinese economy slowed at the end of last year, emphasizing the urgent need for more stimulus as Beijing wrestles with the United States over trade. Investors are also waiting to hear British Prime Minister Theresa May’s ‘Plan B’ for Brexit which is set …
Asian Stocks Steady even on Sluggish China Growth Read More »
China is set to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising US tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. Increasing signs of weakness in China, which has fueled nearly a third of …
China Economy Expected to Slow Down Weak Domestic Demand Read More »
The dollar held firm near a two-week high against a basket of six other currencies on Monday, with investor risk appetite help up in spite of the most recent data showing China’s 2018 economic growth slowing to a near three-decade low. The dollar index, which tracks the dollar’s strength against a group of six other …
Dollar Hovers Near 2-Week Highs, China GDP Disappoints Read More »
The dollar floundered for traction against other currencies on Tuesday, with investors increasingly convinced that the Federal Reserve will not raise interest rates this year amid risks of a sharper slowdown in global growth. Read more here!
Oil priced inched up on Friday, shaking off previous losses after China said it would hold talks with the US government on January 7 to 8 to look for solutions to the trade disputes between the world’s two biggest economic powerhouses. Read more here!
The Australian and the New Zealand dollar staged a remarkable comeback on their US counterpart on Friday, as lackluster economic data fueled speculation of a U-turn on US interest rates. Read more here!
Factory activity weakened across Asia in December as the US-China trade war and a slowdown in Chinese demand hit production in most countries, strengthening the case for a pause in interest rate hikes in the region in 2019. Read more here!
Asian equities fell during the afternoon trade on Wednesday, with Hong Kong’s Hang Seng plummeting 3 percent, as weaker-than-expected Caixin PMI data dampened investors’ sentiment. Read more here!
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