Trading Ideas

May.24 — Foreign Minister Wang Yi said the U.S. should give up its “wishful thinking” of changing China, warning that some in America were pushing relations to a “new Cold War.” The bilateral relations have worsened dramatically in the past few months as America became one of the countries worst hit by the coronavirus pandemic, which was first discovered in the Chinese city of Wuhan. Selina Wang reports on “Bloomberg Daybreak: Australia.” …read more […]

May.24 — Hong Kong protesters battled with riot police in busy downtown areas on Sunday, showing their opposition toward China’s dramatic move to crack down on dissent in the biggest demonstration since the coronavirus swept through the city in January. Stephen Engle reports on “Bloomberg Daybreak: Australia.” …read more […]

(Bloomberg) — The U.S. should give up its “wishful thinking” of changing China, Foreign Minister Wang Yi said, warning that some in America were pushing relations to a “new Cold War.”“China has no intention to change the U.S., nor to replace the U.S. It is also wishful thinking for the U.S. to change China,” Wang said Sunday during his annual news briefing on the sidelines of National People’s Congress meetings in Beijing. He also criticized the U.S. for slowing its nuclear negotiations with North Korea and warned it not to cross Beijing’s “red line” on Taiwan.The U.S.-China relationship has worsened …read more […]

May.24 — U.K. Prime Minister Boris Johnson gave his backing to adviser Dominic Cummings, whom he said acted with “integrity” in traveling during the lockdown to obtain childcare. Johnson also said some schools are ready to open on June 1 as the country prepares to move to its second phase of reopening. He spoke at a press conference from 10 Downing Street on Sunday. …read more […]

May.24 — Governor Andrew Cuomo says he doesn’t “believe this economy just bounces back” even as he marks new steps in reopening New York, and urges the state to rebuild better after the nation’s worst outbreak of Covid-19. He speaks at Jones Beach on Long Island. (Excerpts) …read more […]

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Several Americans shared their unemployment claims process struggles with Yahoo Finance, along with documents to corroborate how their experiences played out. …read more […]

(Bloomberg) — Oil slipped in Asia as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand.Futures in New York fell 1.4%, adding to a 2% pullback on Friday. Chinese Foreign Minister Wang Yi warned that American leaders are potentially pushing toward a new Cold War, further stoking investor nerves after Beijing on Friday abandoned its annual growth target in 2020 due to the uncertain impact from the Covid-19 outbreak. The U.S. market is closed on Monday for the Memorial Day holiday.Prices still rose almost 13% last week …read more […]

(Bloomberg) — Currency markets and U.S. equity futures saw a placid start to trading early on Monday as traders monitored more signs of economies reopening around the world against a deepening of tensions between the U.S. and China.The Australian dollar and the offshore yuan edged lower, though trading will be light with holidays in the U.S., U.K. and Singapore. The U.S. should give up its “wishful thinking” of changing China, Chinese Foreign Minister Wang Yi said, warning that American leaders are potentially pushing toward a new Cold War. All eyes will be on equities in Hong Kong, where riot police …read more […]

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(Bloomberg) — Emerging-market stocks and currencies gained last week amid optimism progress is being made toward developing coronavirus vaccines, and as more nations roll back lockdowns. Sentiment was tempered as the week progressed by signs U.S.-China tensions are increasing once again, including escalating rhetoric from President Donald Trump and Senate legislation that may lead to delisting of Chinese companies from American stock exchanges. China announced plans to impose a national security law on Hong Kong, further adding to geopolitical frictions.The following is a roundup of emerging-market news and highlights for this week through May 22:Highlights:The U.S. threw its weight behind …read more […]

Police fired tear gas on protesters for the first time in weeks after thousands took to the streets in Hong Kong Sunday to vent their anger at security laws Beijing announced it plans to impose. Photo: Kin Cheung/Associated Press …read more […]

(Bloomberg) — Germany’s 9 billion-euro ($9.8 billion) bailout of Deutsche Lufthansa AG is being slowed by discussions meant to ensure the rescue plan receives swift European Union approval once it’s finalized, people familiar with the matter said.One detail to be ironed out is a timetable for Germany’s exit from a direct stake it would take in Europe’s largest airline, one of the people said, asking not to be named because the talks are confidential.Bild am Sonntag reported earlier that Lufthansa would face a three-year deadline for repayment of the aid package.The outlines of the rescue deal that would make Germany …read more […]

IBM Corp. (IBM) is said to reduce the number of employees across the U.S., streamlining its workforce in at least five states.The company declined to comment on the total number, but the workforce reductions appear far-reaching, according to a Bloomberg report.“IBM’s work in a highly competitive marketplace requires flexibility to constantly add high-value skills to our workforce. While we always consider the current environment, IBM’s workforce decisions are in the interest of the long-term health of our business,” company spokesman Ed Barbini said in a statement. “Recognizing the unique and difficult situation this business decision may create for some of …read more […]

(Bloomberg) — When China’s largest residential property developer raised money this month, a third of interest came from banks that service the wealthy, a group keeping faith with the nation’s beleaguered builders even as other investors flee.The affluent in Hong Kong and the mainland have piled in as Chinese developers sold a record $26 billion in U.S. dollar bonds in the first quarter and $1 billion since, brushing aside concerns that pushed junk-bond yields to an eight-year high in March.Heightened interest from private bank clients and family offices is an important support as developers look to refinance or repay at …read more […]