UK fund manager Schroders to invest more in Hong Kong as trade war ups demand, CEO says

UK fund manager Schroders to invest more in Hong Kong as trade war ups demand, CEO says

British asset manager Schroders will continue to expand in Hong Kong to tap Asia-Pacific’s fast-growing wealth-management and pension businesses, as its top boss believes market uncertainty brought on by the US-China trade war will increase demand for its services. “The tariff issues and trade challenges are going forward, but it would not affect our commitment…

Read More
menu

Did Xi Jinping call Donald Trump? US President claims contact with Beijing as China eases US-made semiconductor tariffs

US President Donald Trump has said that Chinese President Xi Jinping called him amid the trade war between Washington and Beijing. Trump’s comments come as reports are saying that China is ‘quietly’ rolling back some of its tariffs on the US. China and US have been at loggerheads since April 2 when Donald Trump announced…

Read More
China wants the assurance that …: Elon Musk on Tesla getting caught in US-China trade war

China wants the assurance that …: Elon Musk on Tesla getting caught in US-China trade war

Tesla‘s ambitious plan to produce thousands of humanoid robots this year has hit a snag as China’s rare earth export restrictions—imposed in response to President Trump’s tariffs—have disrupted the production of its Optimus robots.During Tesla’s earnings call, CEO Elon Musk confirmed the disruption: “Optimus was affected by the magnet issue from China,” adding that the…

Read More