The president of China’s CIC sovereign wealth fund said on Wednesday that a trade war appeared unavoidable, and that the dispute would have a negative impact on CIC’s investments.
When the high-end property development Lake Las Vegas collapsed during the 2008 financial crisis, 31 funds that helped finance the project lost a total of $540 million. But only one of them, Dallas-based hedge fund Highland Capital Management, aggressively pursued legal action against Credit Suisse Group AG, which arranged the financing and appraisals for the project.
Indian airline Vistara has placed firm orders for six Boeing Co 787 jets and 13 Airbus SE A320neos valued at $3.1 billion at list prices, as it looks to add more domestic flights and launch international routes later this year.
Stocks fell and metals prices slumped to their lowest in a year on Wednesday, as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world’s two biggest economies ever closer to a full-scale trade war.
Malaysia is studying monopoly risk in the ride hailing market following the merger of Grab and Uber, the transport ministry said on Wednesday.
Australia is preparing to ban Huawei Technologies Co Ltd from supplying equipment for its planned 5G broadband network after its intelligence agencies raised concerns that Beijing could force the Chinese telco to hand over sensitive data, two sources said.
Rupert Murdoch’s 21st Century Fox has raised its offer for Britain’s Sky in an agreed deal valuing the pay-TV group at $32.5 billion, seeing off rival bidder Comcast for now.
China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods.
Glencore Plc said on Wednesday it would cooperate with U.S. authorities after they demanded documents about the mining firm’s business in Democratic Republic of Congo, Venezuela and Nigeria as part of a corruption investigation.
Oil prices fell on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China, deepening a trade dispute that could depress global economic growth and reduce energy demand.
The Chinese yuan skidded toward an 11-month low and the Australian dollar fell on Wednesday after the Trump administration threatened 10 percent tariffs on $200 billion worth of Chinese imports in an escalating trade conflict.
China stands on the right side of history in defending multilateralism, its foreign ministry said on Wednesday, after U.S. President Donald Trump’s administration threatened 10 percent tariffs on $200 billion worth of Chinese imports.
Glencore Plc has established a board committee to oversee the mining company’s response to U.S. authorities’ demands for documents on its business in the Democratic Republic of Congo, Venezuela and Nigeria as part of a corruption probe.
Rupert Murdoch’s 21st Century Fox said it had agreed to buy Britain’s Sky in a deal valuing the pay-TV group at $32.5 billion, trumping a rival offer from U.S. group Comcast .
Oil prices fell on Wednesday, with Brent dropping by more than $1 at one point, after U.S. President Donald Trump threatened to levy new trade tariffs on China.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
