August 6, 2019

With China a ‘manipulator,’ heightened pressure on Fed to ease

Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of “simmering” trade tensions, may need to […]
August 6, 2019

Offshore yuan hits record low after U.S. brands China a currency manipulator

China’s offshore yuan hit a record low on Tuesday, fuelling fresh selling in global financial markets, after the United States branded Beijing a “currency manipulator” in […]
August 6, 2019

Explainer: U.S. branding of China as currency manipulator offers few new remedies

Formally declaring China a currency manipulator may scratch a long-term itch for U.S. President Donald Trump, but the move provides few new tools that have not […]
August 5, 2019

Japan’s FTC investigating Apple over pressure on parts makers: Mainichi

Japan’s Fair Trade Commission is investigating Apple Inc over its pressure on Japanese parts makers and whether it abused its position of power in violation of […]
August 5, 2019

Asset managers farm out trading as costs and complexity climb

It’s 10 o’clock at night, and Benjamin Arnold’s day is just beginning. The former Goldman Sachs trader is gearing up to trade equities in Asia from […]
August 5, 2019

Valero Port Arthur, Texas, refinery shuts HCU, SRU for overhaul: sources

Valero Energy Corp shut a hydrocracking unit (HCU) and sulfur recovery unit (SRU) at its 335,000-barrel-per-day (bpd) Port Arthur, Texas, refinery on Monday, said sources familiar […]
August 5, 2019

DoubleLine’s Gundlach says it’s ‘a little late’ to go into U.S. Treasuries after rally

It is “a little late” to purchase U.S. Treasuries, which have been rallying recently, and “if Treasury rates are going to fall from here, something bad […]
August 5, 2019

Walmart faces pressure to stop gun sales after latest U.S. mass shootings

Walmart Inc said on Monday there has been no change in its policy on gun sales after two mass shootings over the weekend, including one at […]
August 5, 2019

Wall St. sinks as yuan slide inflames U.S.-China trade dispute

Wall Street’s major indexes posted their biggest percentage drop of the year on Monday as a fall in the yuan following U.S. President Donald Trump’s vow […]
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