Asian stocks dropped for the third consecutive session on Monday, hit by worries over further escalation of the U.S-China trade war and unstable emerging market currencies.
The billionaire CEO of Chinese e-commerce giant JD.com Inc , Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released, and police said an investigation is ongoing.
Starbucks Corp will have a new partner in New Zealand after the license holder said it will not renew its two-decade-old deal in a region where an entrenched coffee culture has made it difficult for the world’s largest coffee chain to thrive.
It was a week of exaggeration and outright fiction for President Donald Trump as he sought to push through a trade pact with Mexico, hyped numbers on jobs and raged against Google and the Russia investigation. Speaking in advance of Labor Day, Trump also declared that workers’ wages are “going up” when they really aren’t. …read more […]
Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November.
Chinese billionaire Liu Qiangdong, also known as Richard Liu, the founder of the Beijing-based e-commerce site JD.com, was arrested in Minneapolis on suspicion of criminal sexual conduct, jail records show. Liu, 45, was arrested late Friday night and released Saturday afternoon pending possible criminal charges, Hennepin County Jail records show. The jail records don’t provide details of the alleged incident. …read more […]
Sep.02 — Christopher Balding, Bloomberg Opinion Columnist and author of “Sovereign Wealth Funds: The New Intersection of Money and Politics,” talks about the trade dispute between the U.S. and China. He speaks with Ramy Inocencio and Yvonne Man on “Bloomberg Daybreak: Asia.” …read more […]
Asian stocks dipped on Monday on worries about further escalation of the U.S-China trade war and unstable emerging market currencies.
Brent crude oil prices dipped on Monday amid rising supply from OPEC and the United States, although expectations of falling Iranian output once U.S. sanctions bite from November provided some support.
The historic run-up in world shares will continue through 2019, but the outlook for almost half of the major bourses polled by Reuters has slipped, with many now only expected to recoup losses from this year’s sell-off.
Sep.02 — A surprise interest rate-hike for Australian mortgage holders should further delay a Reserve Bank policy tightening that markets have already pushed out to 2020. Westpac Banking’s decision to raise borrowing costs last week will likely be repeated by other major lenders. That would further sideline the RBA, already on hold for two years at a record-low 1.5 percent and set to remain there at Tuesday’s policy meeting. Bloomberg’s Garfield Reynolds reports. …read more […]
Sep.02 — John Romalis, professor of economics at the University of Sydney, talks about the trade dispute between the U.S. and China. The U.S. is leaning toward a fresh round of tariffs against Chinese imports, this time for $200 billion in goods. Romalis speaks with Haidi Stroud-Watts on “Bloomberg Daybreak: Australia.” …read more […]
Sep.02 — The deadline for public consultation on President Donald Trump’s plan for tariffs on another $200 billion in Chinese imports ends Thursday. Separately, Ford Motor is canceling plans to import a new crossover model from a plant in China after Trump’s tariffs undermined the business case for bringing the vehicle to the U.S. market. Bloomberg’s Stephen Engle reports on “Bloomberg Daybreak: Australia.” …read more […]
Sep.02 — President Donald Trump slammed what he termed “decades of abuse” by Canada with a new threat to terminate the NAFTA, a day after talks stalled. “There is no political necessity to keep Canada in the new NAFTA deal. If we don’t make a fair deal for the U.S. after decades of abuse, Canada will be out,” Trump said on Twitter. “Congress should not interfere w/these negotiations or I will simply terminate NAFTA entirely. Ros Krasny reports on “Bloomberg Daybreak: Australia.” …read more […]
Evidence suggests a key decision will go its way soon. …read more […]
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