President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes next week, according to six people familiar with the matter.
- Predicting Trump: Chinese Turn to Fortune Tellers to Divine Trade War – Reuters
- Trump Threatens to Pull US Out of the WTO – Financial Times (subscription)
- China Suffers Three-Month Export Downturn as Tariffs Bite – South China Morning Post
“It’s not good enough,” Trump said of the offer from Brussels during an Oval Office interview with Bloomberg News.
Drastic action by Argentina’s central bank on Thursday failed to arrest a plunge in the peso, which ended a dramatic trading session down almost 12 per cent. The central bank ratcheted up interest rates to 60 per cent, a 15 percentage point increase aimed at arresting a currency collapse that has threatened the credibility of the country’s three-year-old reformist government.
The Argentine peso hit a record low and the Turkish lira slid further, as emerging markets most vulnerable to a rising dollar bent under the stress.
After hitting its weakest in nearly three years against the U.S. dollar, the Indonesian rupiah should stabilize from here on out, the country’s trade minister told CNBC.
When it comes to price variance in markets across all asset classes, the currency markets tend to display the lowest level of volatility.
The European Central Bank should adopt a firmer line in normalising its ultra-easy monetary policy and focus on getting its deposit rate out of negative territory, Austria’s central bank governor, Ewald Nowotny, said.
The German regulator BaFin has read the riot act to complacent EU officials in Brussels, demanding urgent action by the EU side to avert mayhem in the vast derivatives market after Brexit.
The European Union is considering tightening up regulations around cryptocurrencies such as Bitcoin, Ripple and Ether.
Nearly all of the currency removed from circulation in a surprise 2016 attempt to root out illegally hoarded cash re-entered the financial system, India’s reserve bank said, indicating the disruptive move did little to slow the underground economy.
Bitcoin has spawned a horde of imitators, even as enthusiasts refer to its limited supply.
The Federal Financial Monitoring Service of Russia (Rosfinmonitoring) has commissioned an analytical tool for monitoring cryptocurrency transactions.
According to new research conducted by Initial Coin Offering (ICO) advisory firm Satis Group, the Bitcoin (BTC) price could potentially reach $98,000 in the next five years.
Japan’s Line Corp said on Friday it will launch a cryptocurrency in September, as the company tries to build up a wide range of businesses using its popular messaging app as a platform.
Blockchain and cryptocurrency jobs are increasingly appealing to job seekers from more conventional sectors in Asia — even as the technology’s most famous use case struggles on the price front.
It’s the topic of the moment and everyone seems to agree — Europe needs fewer banks.
Latest weekly data extend third-longest streak of net redemptions for the continent.
Electronic trading house XTX Markets is making waves in global financial markets with its advanced computerized trading.
Internal problems make Argentina and Turkey ill-suited to cope with a stronger dollar.
A large amount of the People’s Bank of China’s existing funding is also maturing, and all told, liquidity needs could hit around 980 billion yuan ($143 billion) according to Bloomberg calculations.
Greece still faces “a long road to recovery” after leaving its bailout programme last week and needs to continue balancing its books and cleaning up its banking sector, European Central Bank policymaker Jens Weidmann said.
In September 2013 an ebullient Japanese prime minister stood in the New York Stock Exchange and dared Wall Street’s finest to “buy my Abenomics!,” unleashing a long bull run for Japanese stocks. Next month, around the five-year anniversary of that bravado-brimming moment, Shinzo Abe will run for re-election as president of the ruling Liberal Democratic Party with the world selling Abenomics like never before.