Are you confused about Donald Trump’s tariff policy, including why he instigated a global trade war, what its effect impact will be on the U.S. economy and how hard it will hit your pocketbook? Join the club. So too are economists, trade experts, political prognosticators and Trump himself. Their bewilderment has only intensified with the…
Hong Kong stocks fell on Tuesday after notching the biggest gain in two months a day earlier, as traders digested the apparent breakthrough in the China-US trade talks. The Hang Seng Index dropped 1.7 per cent to 23,156.89 at the noon break, giving up some of Monday’s 3 per cent gain. The Hang Seng Tech…
Uncertainty surrounding escalating US-China tensions and a “relatively muted society” may have prompted Hong Kong authorities to propose new subsidiary legislation for safeguarding national security, observers have said, although they dismissed speculation the law targets ongoing high-profile cases. In addition, a legal scholar called for more procedural clarity when introducing bills, particularly in circumstances when…
Hong Kong leader John Lee Ka-chiu has said the city will proceed with filing a complaint about the US’ punitive tariffs to the World Trade Organization (WTO) despite the truce between Washington and Beijing. The city’s business sector is also gearing up to take advantage of the 90-day tariff suspension window to front-load their shipments…
Hong Kong’s CK Hutchison Holdings has said it would be impossible for the controversial Panama ports sale to proceed under any illegal or non-compliant circumstances after mainland China’s market regulator asked the parties involved not to circumvent an ongoing antitrust probe into the deal last month. Monday’s statement, the first directly issued by Li Ka-shing’s…
Hong Kong’s CK Hutchison Holdings has said it would be impossible for the controversial Panama ports sale to proceed under any illegal or non-compliant circumstances after mainland China’s market regulator asked the parties involved not to circumvent an ongoing antitrust probe into the deal last month. Monday’s statement, the first directly issued by Li Ka-shing’s…
News of a U.S. agreement with China to temporarily ease tariffs sent stocks soaring on Monday, with the major indexes rising more than 2% in early trading. The S&P 500 rose 157 points, or 2.8%, to 5,817 as of 10:17 EST, while the Dow Jones Industrial Average added 1,041 points or 2.5% to 42,291. The…
U.S. and China have agreed to temporarily reduce tariffs for 90 days. Here are the details. – CBS News Watch CBS News The United States and China announced a step toward ending their trade war. Both countries have agreed to sharply reduce tariffs for 90 days. Last month, the U.S. imposed a 145% tariff on…
Guotai Junan International (GTJAI) plans to issue various types of tokenized securities in Hong Kong. The company is a subsidiary of Guotai Haitong Group, China’s largest securities brokerage, which is State-backed. The company aims to use DLT for issuance, trading and custody as well as to enable greater personalization for wealth management products. Given its…
The United States and China have agreed to slash reciprocal tariffs, as the world’s two biggest economies seek to end a trade war that has disrupted the global outlook and set financial markets on edge. Speaking after talks with Chinese officials in Geneva on Monday, local time, US Treasury Secretary Scott Bessent told reporters the…