Will Alibaba Help Distribute Chinese Government Crypto?

For a long time, China’s stance concerning cryptocurrencies was unfriendly. As such, Alibaba’s crypto operations took place through third-party companies. source https://finance.yahoo.com/m/4d2f70f8-e549-394a-922d-416d4b8b25f1/will-alibaba-help-distribute.html?.tsrc=rss

Trumps Trade War With China Has Sucked; Trumps Twitter Fury Unleashed

What started as a slightly green early morning for futures ended in a disastrous week for United States financial markets. Currently the S&P 500 has experienced a fall of over -178 points or a -5.68% drop in a month with the weekly fairing a loss of -2.5% it’s clear the market is uneasy. Now letsContinue reading “Trumps Trade War With China Has Sucked; Trumps Twitter Fury Unleashed”

SoftBank Will Let People Invest in IPOs With Less Than $10

(Bloomberg) — SoftBank Corp.’s brokerage unit plans to do something that may be a first in capital markets. It will allow individuals in Japan to participate in initial public offerings with as little as a 1,000-yen note (worth a bit less than a 10-dollar bill).One Tap BUY Co., controlled by the wireless unit of investmentContinue reading “SoftBank Will Let People Invest in IPOs With Less Than $10”

Nikkei inches higher; Apple suppliers, chip-related shares outperform

TOKYO, Aug 20 (Reuters) – Japanese shares edged up on Tuesday as investors tiptoed back into equities, amid signs of a slight easing of trade tensions between the United States and China and continued hopes for fresh stimulus moves by major economies. On Monday, Washington extended a reprieve that permits China’s Huawei Technologies to buyContinue reading “Nikkei inches higher; Apple suppliers, chip-related shares outperform”

US STOCKS-Wall St rallies as investors cheer global stimulus efforts

Shares of Apple Inc provided the biggest boost to the three main Wall Street indexes. President Donald Trump said on Sunday that he had spoken with Apple Chief Executive Officer Tim Cook, who “made a good case” that tariffs could hurt Apple. The Dow Jones Industrial Average rose 266.72 points, or 1.03%, to 26,152.73, theContinue reading “US STOCKS-Wall St rallies as investors cheer global stimulus efforts”

Dow Futures, China, Federal Reserve, Lyft, Mastercard – 5 Things You Must Know

U.S. stock futures rise after Donald Trump says the U.S. and China are ‘talking’ but also said he didn’t want to do business ‘at all’ with China’s Huawei Technologies because it’s a national security threat; earnings reports are expected Monday from Estee Lauder and Baidu; the Federal Reserve will be in the spotlight this week;Continue reading “Dow Futures, China, Federal Reserve, Lyft, Mastercard – 5 Things You Must Know”

HSBC Gets the Cold Shoulder in China

(Bloomberg Opinion) — It’s hard not to see HSBC Holdings Plc’s exclusion from China’s interest-rate reform as a snub.Hong Kong’s biggest bank wasn’t included in a list of 18 lenders that will participate in pricing for a new loan prime rate that the People’s Bank of China will start releasing Tuesday. The roster includes foreign lenders StandardContinue reading “HSBC Gets the Cold Shoulder in China”

Russia’s Yandex looks at ten-fold increase in driverless car fleet to speed up testing

Yandex, a Russian equivalent to Google, said it is considering expanding its fleet of self-driving cars to up to 1,000 within the next two years in order to speed up tests on the fledgling technology. Yandex hopes to start testing more than 100 of its self-driving cars on roads by the end of this year.Continue reading “Russia’s Yandex looks at ten-fold increase in driverless car fleet to speed up testing”

Hong Kong Immigration to Taiwan Surges as Protests Grind On

(Bloomberg) — As Hong Kong’s unrest continues, some in the city are looking to the less expensive rents, leafy green streets and relative political shelter of neighboring Taiwan as a safe haven.The number of people moving to Taiwan from Hong Kong has risen rapidly — up 28% over first seven months of 2019 compared toContinue reading “Hong Kong Immigration to Taiwan Surges as Protests Grind On”

Trump Says U.S. Is Talking With China but Not Ready for a Deal

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. President Donald Trump said the U.S. is “doing very well with China, and talking!” but suggested he wasn’t ready to sign a trade deal, hours after his top economic adviser laid out a potential timeline for theContinue reading “Trump Says U.S. Is Talking With China but Not Ready for a Deal”