Good morning. Evergrande gets the boot from Hong Kong’s stock exchange. Does Dubai’s soaring housing market have legs, or is it just another phase in the boom-and-bust cycle? And get ready for a real steal: Singapore is offering up luxury goods confiscated in its largest money-laundering probe. Listen to the day’s top stories. Source link
Swiss stocks dropped as the market reopened after a holiday, on worries about the impact from US President Donald Trump’s punitive 39% export tariff and a push for drugmakers to lower prices. The Swiss Market Index fell as much as 1.9% Monday, although it pared declines to 0.88% as of 10:15 a.m. in Zurich on…
US Trade Representative Jamieson Greer sounded a cautiously optimistic note on discussions with China on rare earth flows, following trade talks that further steadied ties between the economies. Greer said the key industrial components were a focus of negotiations in Stockholm last week that Beijing said led to an extension of their tariff truce. Without…
Welcome to our guide to the commodities markets moving the global economy. Today, reporter Dan Murtaugh takes a look at Washington and Beijing’s strategies to fuel the artificial-intelligence boom. The US and China have starkly divergent visions of the future of energy, and they’re bringing them to play in the race to power artificial intelligence….
Wall Street pros are staring down a pivotal week that will likely set the tone for the rest of the year in markets and the economy. The big event comes Wednesday, when the Federal Reserve announces the outcome of its two-day policy meeting. Economists expect the Federal Open Market Committee to keep interest rates unchanged,…
US and Chinese officials are meeting Monday to extend their tariff detente beyond a mid-August deadline, and haggle over other ways to further defuse trade tensions. Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent will lead the delegations through Tuesday in Stockholm — their third meeting in less than three months. The…
Investors expect automakers and luxury goods makers to lead a relief rally in European stocks when the market reopens on Monday, after the US and European Union agreed to a trade deal. The pact, which will see the bloc face 15% tariffs on most of its exports including autos, was announced Sunday by President Donald…
The reemergence of meme stock mania last week has professional investors facing a quandary: ride the excitement of retail traders or take it as the latest warning sign that the frothy markets are due for a pullback. The speculative stocks caught up in the frenzy this week, like Opendoor Technologies Inc. and Kohl’s Corp., gave…
China’s industrial earnings fell for a second straight month, with authorities set to intensify their drive to rein in excessive competition that’s dragging down prices and compounding the pain from US tariffs. Industrial profits dropped 4.3% last month from a year earlier, after a contraction of 9.1% in May, according to data released Sunday by…
After months of intensive talks and shuttle diplomacy, a trade agreement between the European Union and the US now rests mostly on Donald Trump. European Commission President Ursula von der Leyen will travel to Scotland to meet the US president on Sunday, as the two sides aim to conclude a deal ahead of Friday’s deadline,…