China-U.S. trade war: $168 billion has been wiped off the value of Chinese stocks

Baidu, Alibaba and Tencent — the BATs — have seen over a collective $168 billion wiped off their valuation. Alibaba shares are down over 11 percent year-to-date, Tencent has plunged 22.4 percent, while Baidu is off more than 6 percent. The China-U.S. trade war, concerns over valuation and a regulatory crackdown from Beijing have hit […]

Here’s why Trump’s rising impeachment odds aren’t rattling stock-market investors

By :WILLIAM WATTS Corporate earnings and the economy still appear to carry more weight with investors than President Donald Trump’s mounting legal and political woes, including the threat of impeachment. According to political prediction markets, impeachment odds rose after Trump’s former personal attorney on Tuesday pleaded guilty to campaign finance violations and his former campaign manager […]

Apple could be used as a ‘bargaining chip’ by China in trade war with US, its media warns

Apple has benefited from cheap labor and a strong supply chain in China and needs to share more of its profit with the Chinese people or face “anger and nationalist sentiment” amid the ongoing trade war, an article in the state-backed People’s Daily warned Tuesday. The article originally appeared in another state-backed publication, Global Times, […]

US , EU agreed to work towards zero tariffs, zero non-tariff barriers and zero subsidies

US President Donald Trump and European Commission chief Jean-Claude Juncker on Wednesday agreed on a plan to defuse the festering trade dispute between the two major economies. The agreement, though short on details, means Washington will not follow through with a threat to impose tariffs on autos, which would hurt the dominant German car industry. […]

BITCOIN suffering additional losses as downward trend continues

Bitcoin prices followed a bearish trend this week, pushing lower and suffering additional losses. The world’s largest digital currency by market value has been experiencing a steady, downward trend since late last year, when it hit an all-time high of close to $20,000 on the CoinDesk Bitcoin Price Index (BPI). “We have crossed over into bear market […]

Iran Looks To Barter Oil As U.S. Sanctions Bite

By Tsvetana Paraskova Faced with the return of U.S. sanctions, Iran is studying a revival of a plan to barter crude oil for goods, possibly resuming the scheme that it used to try to blunt the impact of the previous round of sanctions between 2012 and 2016. Unable to bring in U.S. dollars and euros […]