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FTSE Russell recognition to bring new capital, boost confidence

Leading global multi-asset index FTSE Russell has just announced plans to raise the weighting of Chinese A shares in one of its benchmark global indexes to 15 percent from 5 percent.
Source: Global Times | 2019/8/25 20:06:56

Trade deals and reform of WTO are better than trade wars -- EU's Tusk

Trade deals and the reform of WTO are better than trade wars. Trade wars will lead to recession, while trade deals will boost economy, said Donald Tusk, president of the European Council, on Saturday. He called for putting a stop to trade wars.
Source: Xinhua | 2019/8/25 8:47:38

China firmly opposes US tariff hikes on Chinese imports

China is firmly opposed to the US announcement that it will further raise the tariffs on about 550 billion US dollars of Chinese imports, said a spokesperson of the Ministry of Commerce (MOC) Saturday.
Source: Xinhua | 2019/8/25 7:46:35

US new tariff threat a feeble move, shows options running out: analysts

The reckless tariff plans of the US come after China's forced countermeasure tariffs on Friday show that the US has gone too far and run out of options to save itself from the awkward situation of provoking a trade war, analysts said Saturday.
Source: Global Times | 2019/8/24 15:34:04

China firmly opposes US tariff hikes on Chinese imports

China is firmly opposed to the US announcement that it will further raise tariffs on about 550 billion US dollars of Chinese imports, said a spokesperson of Ministry of Commerce Saturday.
Source: Xinhua | 2019/8/24 19:10:27

Trade uncertainties, economic recession fears drag down US equities

Market concerns about trade uncertainties and a possible economic recession were the major reasons why US equities suffered a steep sell-off on Friday, analysts have said.
Source: Xinhua | 2019/8/24 9:54:33

US stocks trade lower as China announces additional tariffs

US Stocks plunged on Friday after China announced that it will impose additional tariffs on US imports worth about 75 billion US dollars.
Source: Xinhua | 2019/8/24 9:45:27

Russia, US trade barbs over INF collapse, China says no interest in trilateral treaty

Russia and the United States on Thursday blamed each other for the collapse of the Intermediate-Range Nuclear Forces (INF) Treaty, while China said it has no interest in trilateral arms control talks that Washington wants.
Source: Xinhua | 2019/8/23 16:49:30

Singapore minister calls on resolution of US-China trade dispute

Singapore hopes the United States and China can quickly resolve their differences, Minister for Communications and Information S. Iswaran said here on Thursday.
Source: Xinhua | 2019/8/23 16:46:27

US stocks waver amid monetary policy uncertainties, recession fears

US equities closed little changed as investors took a wait-and-see attitude amid monetary policy uncertainties and economic recession concerns.
Source: Xinhua | 2019/8/23 8:51:14

Sci-tech board strong in first month

In the first month of operations for the science and technology board, the 28 initial listings have seen their share prices surge by an average of 171 percent from the IPO level. Experts said the gains show that domestic investors have an appetite for such assets that can't be satisfied yet due to the limited number of companies and tradable shares.
Source: Global Times | 2019/8/22 19:58:40

Pork prices in Hong Kong skyrocket as supply strangled by African swine fever

The price of pork has continued to rise sharply in Hong Kong and many fear that this may further increase ahead of peak season next month, as both local supplies and those from the mainland have been strangled due to cases of African swine fever.
Source: Global Times | 2019/8/22 12:43:40

China refutes media allegation Huawei helps Uganda, Zambia spy on political opponents

China's Foreign Ministry on Tuesday denied western media reports alleging that Huawei technicians have been helping governments in Uganda and Zambia spy on political opponents, which led to the opponents' arrests in both countries, saying it is “totally fake.”
Source: Global Times | 2019/8/20 18:28:40

Tesla's Gigafactory in Shanghai receives first comprehensive acceptance certificate

Tesla's electric car Gigafactory in Shanghai received its first comprehensive acceptance certificate on Monday, within three days of making an application, which sets a new inspection and approval timing record for the local government.
Source: Global Times | 2019/8/20 13:33:40

Shanghai Free Trade Zone adds land, to pilot new functions

Shanghai's pilot free trade zone on Tuesday added a new area, occupying 119.5 square kilometers of Lingang in the southeastern part of the city.
Source: Global Times | 2019/8/20 13:13:29

Hong Kong's pork supply from Chinese mainland declines sharply

The monthly average daily supply of live pigs from the Chinese mainland to the Hong Kong Special Administrative Region has sharply decreased since June, and prices in July doubled from the previous two months, official data showed.
Source: Global Times | 2019/8/19 21:49:12

Shenzhen-based stocks get boost from new reform plan

Shares of companies based in Shenzhen, a pioneering city in South China's Guangdong Province, soared after the central government announced on Sunday that it would use the first-tier city as a pilot demonstration area with Chinese characteristics.
Source: Global Times | 2019/8/19 21:13:40

US yield curve inversion could herald crisis, recession

As a bellwether of asset price fluctuation, the spread of short- and long-term Treasury bonds has attracted much attention from capital markets. On Wednesday, the yield of two-year Treasury bonds and the yield of 10-year Treasury bonds inverted for the first time in more than a decade. That means the yield on the 10-year Treasury bill broke below the two-year rate.
Source: Global Times | 2019/8/19 18:33:40

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