New York: Three big US banks reported strong earnings even as warning signs emerged that the playing field is beginning to tilt against the financial industry. While the biggest risk ahead is that lower interest rates will pressure banks’ bottom lines in the coming months, the squeeze is already beginning. JPMorgan Chase & Co and Wells Fargo
It is unfortunate that the US-China trade war has entered a new phase at a time when the global growth itself remains shaky. Indications that negotiations would resume some time
India is targeting companies including Apple, Foxconn and Wistron Corp with a charm offensive aimed at encouraging them to shift business out of trade war-hit China, according to a source and a document seen by Reuters.
Boeing Co said that an aircraft order from China could result from any deal to end a year-long trade war between the world’s two largest economies. Speaking to Reuters at the planemaker’s widebody
China and the United States on Thursday agreed to hold high-level talks in early October in Washington, boosting markets as investors
When it comes to international trade, China hasn’t always played by the rules. So the question begs: How do you change that behaviour? Engaging in a trade war by imposing tariffs isn’t ideal.
America’s jobs engine downshifted in August as employers unexpectedly held back hiring across major industries, another sign that the world’s largest economy could be weakening, government data showed on Friday.
European stocks posted their biggest drop of 2019 on Friday and bond yields tumbled to record lows after US President Donald Trump fired another trade war salvo at China, sparking a frenzied dash for safe-haven assets.
China on Saturday angrily hit out at the latest US tariff hikes on its goods, saying a “bullying” Washington would eventually “eat its own bitter fruit”.
Bernie Sanders can’t decide what socialism is. At times he frames it as nothing more than New Deal-style capitalism, not so different from the Scandinavian economies of Norway, Sweden or Denmark. Other times he defines it in the language of class struggle, vowing to smash “the oligarchy”