Overview: Weaker data from China coupled with pressure on the European periphery is weighing on sentiment after yesterday’s retreat in US stocks saw the S&P 500 again retreat below the 200-day moving average. Chinese shares...
Overview: As seems often to be the case a counter-trend move began in the foreign exchange market on Tuesday and continued into Asia today. In the current context, this meant a dollar pullback. Although move...
India and Russia have announced a major arms deal, violating US sanctions. Energy sector sources also say New Delhi will purchase 9 million barrels of Iranian oil. Both moves will test India’s relations with the...
Amid intensifying trade friction between Washington and Beijing, a new round of US tariffs took effect on Monday, raising the stakes for both sides. China seems to have several tools up its sleeve to counter...
Foreign private-sector investors and “foreign official” investors – central banks, governments, etc. – whittled down their holdings of US Treasury Securities by $21 billion at the end of July, compared to a year ago, to...
The US dollar is beginning the new week on a soft note, as China threatens not to accept the invitation for trade talks in Washington if the US imposes new tariffs on $200 bln of...
Interview on Trade Relationship between Bangladesh & India with Pratim Ranjan Bose, Chief of Bureau of The Hindu Business Line, Kolkata. Ezilarsan PKP: How Bangladesh and India can combine their synergies in the textile so we...
US President Donald Trump remains focused on reducing the American trade deficit, and Japan may be the next target. An American newspaper cites the president as saying he wants to make Tokyo “pay” for its...
Exalted as a “mega-event,” the Africa-China summit is expected to draw nearly all of Africa’s leaders to Beijing. Barely a squeak of criticism has come out of China or Africa, even though there is plenty...
The Chinese yuan has been on a losing streak in recent days, drawing fresh ire from US President Trump who accuses Beijing of deliberately depreciating the yuan to boost its exports and undercut American competitiveness....
Following a record injection via the medium-term lending facility yesterday, China’s officials unveiled a set of policies designed to support the weakening economy that soon could face a substantial drag from US tariffs. The effort...
The first doubts over the future of globalization were expressed after 9-11. Many were concerned that the added security costs would make the cross-border movement of goods more expansive. Nearly everyone at the time embraced...
