China has long tapped Latin America to supply oil, iron ore, soybeans and other commodities, all drivers of growth for many Latin American countries. But also a source of frustration for those that hope to grow their economies and exports with more than mining and farm goods. China’s leader, Xi Jinping, is trying to show … Read more
China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the economy, in the most significant policy steps taken by Chinese officials to limit the impact of the trade war with the United States. The central bank, the People’s Bank of China, cut … Read more
In its heyday in the 1950s and ’60s, the Lung Wah Hotel, a converted, Spanish revival villa, offered a leafy refuge from the bustle of city life, near a cove and surrounded by parks in Hong Kong’s northern New Territories. Winding stairs, flanked by red lanterns, led to a sprawling Chinese-style garden. On summer weekends, … Read more
Markets slipped on Thursday, reversing some of the gains from a heady two-day rally, after officials in China said they were not holding talks with the United States about easing trade tensions between the superpowers. Stocks in Asia were mixed, while benchmarks in Europe turned mostly lower in early trading. Futures for the S&P 500 … Read more
“The perspective is very simple that macro for India as I had indicated in January had bottomed out and more importantly, we are continuing to see some degree of improvements in macro,” says Venugopal Garre, MD, Bernstein.I want to first start off with your January upgrade thesis. While you were right about as to how … Read more
Wading into the trade war, Hong Kong said on Wednesday that its postal service will no longer send packages to the United States. It is the city’s first move in a spiraling tit-for-tat trade war between China and the United States that is reordering global shipping routes. President Trump this month ordered the closure of … Read more
A British Member of Parliament was refused entry to Hong Kong last week, the first to have received such treatment since the former British colony’s return to Chinese rule in 1997. Wera Hobhouse, a member of the Liberal Democratic Party representing Bath, wrote on social media platform Bluesky: “Authorities gave me no explanation for this … Read more
In May 2017, just a few months into the first Trump administration, I wrote a column arguing that his incapacity was so obvious and destructive that he should be removed from office via the 25th Amendment to the Constitution. This was a popular column, but its argument did not hold up well. Trump’s first-term White … Read more
President Trump didn’t seem to mind as his worldwide tariffs set off stock market sell-offs and wiped out trillions of dollars in wealth. “Be cool,” he told Americans. Then he blinked on Wednesday afternoon in the face of financial turmoil, particularly a rapid rise in government bond yields that could shake the dominant position of … Read more
When Congress voted to normalize trade relations with China at the beginning of this century, U.S. manufacturers braced for a stream of cheap goods to begin flowing into U.S. ports. Instead, they got a flood. Imports from China nearly tripled from 1999 to 2005, and American factories, with their higher wages and stricter safety standards, … Read more