Chinese state-backed tabloid Global Times claimed on Sunday that the signing of the world’s largest trade deal over the weekend proves that China is not the “expansionist empire” that the U.S. and Western countries have made it out to be. Instead, the mega pact — the Regional Comprehensive Economic Partnership or RCEP — showed that China can […] Read more
A government minister has criticised businesses for taking a “head in the sand approach” when preparing for post-Brexit trade. Treasury and Cabinet Office Minister Lord Agnew said traders “really must engage in a more energetic way” to be ready for the end of the transition period on 31 December. But one industry leader called the […] Read more
Morgan Stanley is bullish on Singapore stocks and expects as much as 14% returns for the MSCI Singapore index over the next 12 months. In fact, investors could increasingly be looking to Singapore as a safe place to invest in as uncertainty roils the region, the investment bank said. “We could see inflows supported by […] Read more
With the coronavirus pandemiccausing financial markets to tank and a prolonged period of uncertainty ahead, investors have been flocking to keep their cash in Singapore, with bank deposits in foreign currenciesreaching an all-time high of S$26.9 billion (US$19.2 billion) in April. In fact, such deposits have been steadily increasing since July, last year, data from […] Read more
DAILY USD/CHF TECHNICAL OUTLOOK Trend Daily Chart Sideways Daily Indicators Neutral 21 HR EMA 0.9714 55 HR EMA 0.9717 Trend Hourly Chart Sideways Hourly Indicators Neutral 13 HR RSI 44 14 HR DMI -ve Daily Analysis Choppy consolidation to continue Resistance 0.9802 – Apr’s high (24th) 0.9783 – May’s high (07) 0.9760 – Mon’s high […] Read more
Hong Kong-listed shares of Chinese tech giant Alibaba saw yet another stellar trading day following a blockbuster Tuesday listing in the city. Alibaba stock in Hong Kong rose 2.99% on Wednesday, adding to its first day gains of 6.6% on Tuesday. That puts the current stock price around 9.6% above the initial listing price of 176 Hong […] Read more
It works like a charm — every time the Trump administration touts positive development on trade with China, stocks spike. The Dow Jones Industrial Average surged more than 150 points to a new all-time high on Friday after White House economic advisor Larry Kudlow said the two countries were “getting close” to reaching a trade […] Read more
After years of negotiations, New Zealand and China have struck a deal on the long-awaited upgrade to their free trade deal. NZ and China at a bi-lateral at the East Asia Summit. Photo: RNZ / Jane Patterson It includes new rules to make exporting to China cheaper and easier, the highest level of commitment to […] Read more
It was a tale of two industrials. Wall Street got a flood of earnings reports Wednesday, including those of machinery giant Caterpillar and beleaguered airplane manufacturer Boeing. Shares of Caterpillar initially plunged while Boeing shares popped, but the two stocks ended the trading day on a less drastic note, up about 1% each. Experts see […] Read more
China talked up progress on trade with the US on Tuesday, highlighting bulk purchases of American farm products it had already made this year and saying that it was “on the same page” as Washington in negotiations. Asked if the two countries agreed on the degree of progress from two days of high-level talks in […] Read more
