by EFSD | Jul 17, 2019 | Economic News
Beijing added a new member to its negotiating team last week — commerce minister Zhong Shan, who’s seen by some officials in Washington as a hard-liner.Analysts say this could be a sign that Chinese leader Xi Jinping is standing firm on trade.Former top White House...
by EFSD | Jul 16, 2019 | Economic News
Outgoing U.K. Finance Minister Philip Hammond says the British government will “engage” with Libra.Regulators, not lawmakers, should decide whether Facebook needs a banking license to launch Libra, says Hammond.However, without proper scrutiny, Facebook’s proposal...
by EFSD | Jul 15, 2019 | Economic News
Chinese second-quarter GDP data showed the country’s economy grew at its slowest pace in 27 years.Iran says it’s ready to hold talks with the U.S. if Washington drops sanctions and returns to the 2015 nuclear deal. European stocks traded higher Monday morning, despite...
by EFSD | Jul 13, 2019 | Economic News
Stocks rose to all-time highs on Friday as investors ended a record-setting week on a high note. The Dow Jones Industrial Average jumped 243.95 points, or 0.9%, to 27,332.03. The S&P 500 gained 0.5% to end the day at 3,013.77, notching its first close above 3,000....
by EFSD | Jul 11, 2019 | Economic News
Bitcoin falls 12% after Fed Chairman Jerome Powell says he has “serious concerns” about Facebook’s planned digital currency Libra.The world’s best-known digital coin is still up about 200% since the start of the year, buoyed by activity from big companies in the...
by EFSD | Jul 9, 2019 | Economic News
Although Chinese internet companies have seen their stocks stumble, two global investment banks say the sector appears to be a solid bet.“Internet is essentially a structural growth story in China. We don’t see it changing anytime soon,” says Credit Suisse Chief...
