Global stock markets were in a state of turmoil this morning as massive tariffs go into effect on trade between the U.S. and China. Chinese stocks have stayed relatively bouyant, trading flat. But in the U.S., investors in the S&P 500 continued to take a beating in both yesterday’s trading and this morning in futures
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what’s in the article. Reporting mistakes helps us improve the experience.Generate Key Takeaways Apple is making moves in China, committing to an estimated $99.2 million expansion of clean energy sources. This is a part of the company’s
China vows to ‘fight to the end’ on President Trump’s tariffs President Donald Trump threatened China with more tariffs after they put a 34% tariff on U.S. imports. Video shows key takeaways, tense moments from April 8 Senate Finance Committee hearing on tariffs Trump has announced reciprocal levies on trading partners U.S. Trade Rep. Jamieson
Banks in China could face more bad loans, potentially hitting 6.4 per cent of total lending next year, according to a forecast by S&P Global Ratings, as higher US tariffs weigh on an economy that is still struggling to shake off the lingering impact of the Covid-19 pandemic. The warning came in a report on
LONDON — Would the Chinese buy African fashion? Hannah Wanjie Ryder, chief executive officer of Development Reimagined, a Beijing-based consultancy that promotes Sino-Africa trade and development, certainly hopes so. With funding from the African Export — Import Bank, some 22 designer brands from 12 African countries came to China last week and took over a
Asian state-owned investors (SOIs) are projected to grow their assets under management by 34 per cent over the next five years, aided by growing economies, healthier fiscal balances and bigger contributions from the continent’s relatively young population, according to Sovereign Wealth Fund Institute. These sovereign investors, which include 146 central banks, sovereign wealth funds and
Robot stacking coins atop a map of Europe Gemini Why Europe’s AI Startup Environment Lags and What Can Be Done About It At the recent Business Application Research Centre (BARC) DataFestival in Munich, BARC CEO Carsten Bange shared a stark and troubling reality about the state of the global AI investment landscape: while the United
CLN KraneShares Key News Asian equities were mixed overnight in a quiet session following Friday’s global index rebalance and the expiration of U.S. futures and options. Hong Kong and India, which has picked up recently after its correction, outperformed while the Philippines and Indonesia underperformed. The Wall Street Journal is reporting Trump’s April 2 tariff
China’s finance ministry has announced the impending issuance of sovereign green bonds in London, which will mark its first overseas sale of such bonds and a concrete step following high-level economic and finance talks earlier this year. The yuan-denominated issuance will be worth up to 6 billion yuan (US$829.75 million) with specific details to be