SINGAPORE — They left after the government cracked down on the private sector. They fled a harsh “zero COVID” policy. They sought safe havens for their wealth and their families. They went to Singapore; Dubai, United Arab Emirates; Malta; London; Tokyo; and New York – anywhere but their home country of China, where they felt …
Entrepreneurs flee China’s heavy hand: ‘You don’t have to stay there’ Read More »
Press play to listen to this article Expressed by artificial intelligence. LONDON — Three years after leaving the EU to chart its own course, Britain finds itself caught between two economic behemoths in a brewing transatlantic trade war. In one corner is the United States, whose Congress passed the Biden administration’s vaunted $369 billion green …
Brexit Britain stuck in the middle as US and EU go to war over trade – POLITICO Read More »
WTI extends yesterday’s corrective rebound from the yearly low. Daily infections down, support measures for real estate companies favor markets in China and abroad. Rumors of OPEC+ production cuts, European Union fight over Russian oil price cap keep oil buyers hopeful. Risk catalysts, weekly inventory data from the industry can guide short-term movements. WTI crude …
WTI rebounds above $77.00 as China fears ease and EU grapples with Russian oil price cap Read More »
EUR/USD fell into key support on risky themes. A reverse head and shoulders could be in the works. At the time of writing, EUR/USD is down around 0.29%, falling to a low of 1.0354 from a high of 1.0496. Risky currencies, like the euro, are under pressure as protests over COVID restrictions in China weighed …
EUR/USD Extends Slippery Risk Aversion in Key Support Territories Read More »
Five years ago, Kenya started building a railway from the coast to, well, frankly, almost in the middle of nowhere. There had been a plan to build a final stage in neighboring Uganda but as the project ran into a series of problems that idea was scrapped and now it comes to an abrupt halt …
We underestimate Beijing’s financial colonialism at our peril Read More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Wednesday, November 9, 2022. Michael Nagle | Bloomberg | Getty Images Global stocks fell on Monday after rare protests erupted across China over the weekend amid growing unrest over the country’s zero-Covid policy. An apparent easing earlier this month …
China Covid protests drag global stocks lower as strategists see continued disruption Read More »
FILE PHOTO: A logo of the Hong Kong Stock Exchange (HKEX) in Beijing, China September 4, 2020. (Reuters) Stocks and oil prices fell on Monday on concerns over protests across China calling for political freedoms and an end to the government’s sweeping zero-Covid policy, fueling uncertainty in the world’s second-largest economy. Hundreds of people took …
Asian markets, crude drop following protests in China Read More »
“Over the next three to six months, investors should be cautious. I’ve been one of China’s biggest bulls for the past 25 years, right now you can only be negative in the short term. Most people in China are pretty scared of Covid and even if the government were to fully open up and lift …
China Market: Why One of China’s Biggest Bulls Turned Negative in the Short Term Read More »
The staff departures come amid concerns over Apple’s ability to deliver products for the busy holiday season. More than 20,000 workers at Apple supplier Foxconn’s massive Chinese factory, mostly new hires not yet working on production lines, have left, a source close to Foxconn told Reuters news agency on Friday. folder. Layoffs from the world’s …
Press play to listen to this article Expressed by artificial intelligence. BERLIN — Threatened by a new package of U.S. subsidies that could hammer European industry, Germany is backtracking on its longstanding objections to programs such as France’s “Buy European Act” that would lay down provisions on buying goods locally. Berlin’s growing sympathy for the …
Berlin warms to French ‘Buy European’ plans as global trade rules erode – Reuters Read More »
