Trade War

Richard Drew/AP Options contracts appear to be pricing in 2021 dividends that are 40% lower than their March levels, Goldman Sachs wrote in a Friday note. Dividends currently sit 30% lower from three months ago and stand to fall further as banks shore up cash for loan-loss protections. If banks…

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Published: May 30, 2020 at 12:51 a.m. ET New York Fed report backs earlier evidence that American companies have continued to pick up the tab for Trump-initiated tariffs President Donald Trump of the U.S. strolls in 2017 beside Chinese President Xi Jinping at the Great Hall of the People in…

This story is jointly produced by POLITICO and the South China Morning Post, with reporting from Brussels, Paris and Hong Kong. European leaders are in no mood to follow the U.S. in threatening trade sanctions against Beijing as it moves to tighten its grip on Hong Kong. Despite growing tensions…

Timothy A. Clary/AFP/Getty Images Investment-grade corporate bond sales topped the $1 trillion threshold at the fastest pace in history, Bloomberg reported Thursday. The Federal Reserve's unprecedented move into corporate debt purchases helped fuel the buying spree by wiping out credit-health fears and driving historic inflows. Only $548 billion worth of…

Riot police officers clash with protesters in Hong Kong, on May 27, 2020. U.S. Secretary of State Mike Pompeo told Congress that the State Department no longer considered Hong Kong to have significant autonomy under Chinese rule. LAM YIK FEI/The New York Times News Service The Trump administration has declared…

Meng Wanzhou outside British Columbia Supreme Court on May 27, 2020.Photo: Don MacKinnon (AFP via Getty Images)The chief financial officer of Chinese tech giant Huawei, Meng Wanzhou, is much likelier to end up facing prison time in the United States after her legal strategy to avoid extradition from Canada suffered…

REUTERS/Kevin Lamarque The coronavirus pandemic is accelerating a capital war between the US and China, Michael Howell, the CEO of CrossBorder Capital, said in a Tuesday interview with CNBC. "The decision to share dollar swap lines with 14 other nations, effectively forming a de facto group of 15 countries, including…

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The prospects of a trade war between China and the western economies ratcheted up on Sunday as Beijing accused the US of pushing relations towards a new cold war. China has no intention to change, s… Read More