No Picture
Trading Ideas

China stocks, yuan slide as Washington, Beijing prepare trade salvos

Chinese stocks slipped on Thursday and the yuan gave back some of its recent gains against the dollar a day before China and the United States were due to set punitive tariffs on each other’s goods, heightening fears of a global trade war. The declines in the yuan and stocks come the same day the central bank’s targeted cut of reserve requirements for banks took effect, which is expected to release additional liquidity in the financial system. “The bottom for A-shares is nowhere in sight yet,” said Samuel Chien, partner of Shanghai BoomTrend Investment Management Co. The hedge …read more […]

No Picture
Trading Ideas

Rescuers race to drain water inside Thai cave before rains

Officials have said they prefer to get the boys out as soon as possible because heavy rain is expected to start by Saturday, which almost surely will raise water levels again in the cave, making passage in some areas even more difficult if not impossible. Authorities said the boys, who appeared skinny but in good health in several videos released by the Thai navy, were being looked after by seven members of the Thai SEALs, including medics, who were staying with them inside the cave. In the most recent video, a navy SEAL is shown treating minor cuts …read more […]

No Picture
Business News

China warns U.S. is ‘opening fire’ on global economy with tariff threats

BEIJING (Reuters) – China’s commerce ministry said on Thursday the United States is “opening fire on the entire world”, warning that Washington’s proposed tariffs on Chinese goods will hit international supply chains, including foreign companies in the world’s second-largest economy.

…read more […]