JP Morgan says dump US dollar as its century of global dominance coming to end Published time: 24 Jul, 2019 10:05Edited time: 24 Jul, 2019 10:21 The US dollar will struggle to remain the top international currency in the coming decades as the rising power of Asian economies […]
Russia undermines US dollar dominance by shifting trade to local currencies Published time: 5 Aug, 2019 10:37Edited time: 5 Aug, 2019 12:04 RT Russia has nearly halved the share of the US dollar in trade with India and China and continued to reduce the use of the greenback […]
Oil Falls as Soaring Trade-War Tensions Spark Flight From Risk Bloomberg•August 5, 2019 (Bloomberg) — The international oil benchmark closed below $60 dollars a barrel for the first time in almost two months as worsening U.S.-China trade relations intensified fears about the health of the global economy, prompting […]
‘Way Too Much Pork’ Makes Trade War Bite U.S. Hog Markets. China just made its biggest-ever cancellation of American pork, scrapping a purchase of 14,700 metric tons Bloomberg•August 5, 2019 (Bloomberg) — Trade concerns are starting to make all other factors in the hog market look obsolete. Futures […]
A global ‘recession’ (depression?) could hit in 9 months if tariffs keep climbing, says Morgan Stanley. From CNN Business’ Anneken Tappe in New York. 8/5/2019 Global financial markets are in turmoil after the trade war between the United States and China escalated over the past few days. Washington […]
Dow futures fall 450 points after Treasury labels China a currency manipulator. If China devalues the yuan even more, it could prompt the United States to raise more tariffs, escalating the trade war even further. That could stall the global economy — bad news for stocks. From CNN […]
How low can bond yields go? By CNN Business’ Paul R. La Monica in New York. 8/5/2019 Investors are so nervous about the trade war with China that they are frantically scooping up US government bonds and pushing yields sharply lower in the process. Conservative investors are worried […]
Chinese companies halt purchases of US agricultural products By Steven Jiang, CNN Business Updated 7:08 PM ET, Mon August 5, 2019 Beijing (CNN Business) Chinese companies have halted purchases of US agricultural products, marking the latest escalation of the trade war between the United States and China. The halt in […]
The United States and China may be headed for a currency war Analysis by Julia Horowitz, CNN Business Updated 5:20 PM ET, Mon August 5, 2019 London (CNN Business) China may have just fired the opening shot of a currency war with the United States. For the first time in more than […]
US stocks post worst day of the year after China devalues its currency By Anneken Tappe, CNN Business Updated 5:31 PM ET, Mon August 5, 2019 New York (CNN Business) A dramatic escalation of the trade war between the United States and China sparked a worldwide sell-off in markets […]
