No Picture
Trading Ideas

GLOBAL MARKETS-Asian stocks drop as Trump's new tariffs revive trade gloom

Asian shares fell on Tuesday after U.S. President Donald Trump stunned markets by imposing tariffs on imports from Brazil and Argentina, rekindling fears over global trade tensions, while weak U.S. factory data added to the investor gloom. Pan-region Euro Stoxx 50 futures were up 0.41% in early trades, while German DAX futures added 0.45% and FTSE futures gained 0.26%. …read more […]

No Picture
Trading Ideas

China Hints U.S. Blacklist Imminent in Threat to Trade Talks

(Bloomberg) — Chinese state media said the government will soon publish a list of “unreliable entities” that could lead to sanctions against U.S. companies, signaling trade talks between the two nations are increasingly under threat from disputes over human rights in Hong Kong and Xinjiang.The Communist Party-backed Global Times said in a tweet early Tuesday that the list was being sped up in response to a bill sponsored by Republican Senator Marco Rubio requiring sanctions against Chinese officials involved in alleged abuses of Uighur Muslims in the far west region of Xinjiang. Beijing has threatened to publish such a list …read more […]

No Picture
Trading Ideas

Here’s What Happens to Markets If U.S. Tariffs on China Kick in Dec. 15

(Bloomberg) — U.S. President Donald Trump’s moves to slap an assortment of trading partners with tariffs Monday served a rude reminder to investors that a major deadline is looming with China.Global equities came within a whisker of their all-time high last month, propelled in part by swelling optimism that at least an interim U.S.-China trade deal was in the offing. Meantime, the clock kept ticking towards Dec. 15, when Trump has threatened to impose 15% levies on $160 billion of Chinese imports.“If tariffs scheduled for Dec. 15 are implemented it would be a huge shock to the market consensus,” said …read more […]

No Picture
Trading Ideas

Merck Cyberattack’s $1.3 Billion Question: Was It an Act of War?

(Bloomberg Markets) — By the time Deb Dellapena arrived for work at Merck & Co.’s 90-acre campus north of Philadelphia, there was a handwritten sign on the door: The computers are down.It was worse than it seemed. Some employees who were already at their desks at Merck offices across the U.S. were greeted by an even more unsettling message when they turned on their PCs. A pink font glowed with a warning: “Ooops, your important files are encrypted. … We guarantee that you can recover all your files safely and easily. All you need to do is submit the payment …read more […]

No Picture
Trading Ideas

Hudson's Bay special committee says Catalyst bid not “superior”

Private equity firm Catalyst Capital Group Inc’s unsolicited bid for Hudson’s Bay Co is not “superior” to an agreed upon deal with a consortium led by its executive chairman, the Canadian retailer’s special committee said on Monday. Catalyst, which already owns about 17.5% of the company, last week made a competing bid of C$11 per share for the Saks Fifth Avenue owner, challenging the C$10.30 per share offer of the group led by executive chairman Richard Baker. The special committee said it continued to recommend that minority shareholders vote for the special resolution approving the offer from the …read more […]