22 Nov 2019

South Korea reverses decision to suspend intelligence deal with Japan

South Korea announced on Friday that it would not suspend its intelligence-sharing deal with Japan in a last-minute reversal. This may signify a breakthrough after months of tensions. The announcement may have been influenced by Washington, which has pressured the two Asian allies to maintain the pact. The General Security

Read More
21 Nov 2019

China says it will strive to reach ‘phase one’ trade deal with U.S

The Chinese commerce ministry stated on Tuesday that they would strive to reach an initial trade agreement with the United States. Gao Feng, spokesman for the ministry, told reporters that China is willing to work with the US to resolve concerns on mutual respect and equality. Gao believes that a

Read More
15 Nov 2019

Tencent vs. Alibaba: Why one Chinese titan is slumping while the other soars

Tencent’s stock dropped 2.3% amid the Hong Kong protests on Thursday, making it the worst performer on the Hang Seng Index (HSI), while Alibaba celebrates massive earnings from China’s “singles day.”  While Alibaba and Tencent remain two of China’s most valuable tech companies, Tencent is suffering while Alibaba stock has

Read More
11 Nov 2019

IMF to release second tranche of $6 billion Pakistan loan package

The International Monetary Fund (IMF) announced on Friday that it would release the second portion of financial assistance to Pakistan. In April, the IMF agreed to the 13th bailout program for Pakistan amid a worsening economy and the financial decline of over 208 million people. The total financial support that

Read More
11 Nov 2019

Hong Kong’s Hang Seng has its worst day in months as violence escalates

Escalating levels of violence and protest in Hong Kong have had a great effect on the stock market, which suffered a drop of more than 2.6% over the past weekend. This is the lowest percentage decline in a single day in over three months. Hong Kong is currently experiencing its

Read More
07 Nov 2019

China says it has agreed with US to cancel tariffs in phases

After more than a year and a half of heightened US-China trade tensions, both countries have finally come to an agreement about phasing out the tariffs that were imposed as part of the conflict, a spokesperson for the Chinese Ministry of Commerce announced on Thursday. China and the US are

Read More
03 Jun 2019

China Threatens To Blacklist U.S. Firms Refusing To Supply Huawei

China continues to retaliate against recent US sanctions targeting Huawei and other Chinese firms. Last Friday, Beijing threatened to blacklist US companies that comply with those sanctions. A week before that, China had issued a draft bill ordering Chinese firms that want to buy “network products and services that affect

Read More
29 May 2019

China ready to hit back at U.S. with rare earths: newspapers

Chinese newspapers on Wednesday reported that the Chinese government’s next move in its trade war with the United States may be the restriction of rare earths exports to the US. Rare-earth elements (REEs) are used for the production of smart phones, computers and other technological devices, as well as military

Read More
14 May 2019

China’s ‘self-destructive nuclear option’ in trade war: Selling US Treasury bonds

Included in China’s Twitter response to U.S. tariffs being increased on products originating in China, the threat of China selling U.S. Treasury bonds was explicitly called out a viable response option. Other responses included introducing tariffs on U.S. exports to China. Long considered a risk to the U.S. economy, this

Read More
13 May 2019

JP Morgan: The US-China tariff battle is just the start of a global trade reordering

As the relationships between countries shift over the next few decades, expect trade to remain a hot button issue, according to one analyst. That prediction comes as the U.S. and China continue to square off in a trade war that has roiled global markets. Last week, U.S. President Donald Trump hiked

Read More