China Financial News

The U.S. stock market was rocked as President Donald Trump kicked off a possible a global trade war. Shares of companies spanning the auto, industrial, retail and beverage industries with international supply chains were hit particularly hard.

Bank of America's top strategist Michael Hartnett claimed that the days of US stocks beating global markets consistently might come to an end, as per a report.

Subscribe to enjoy similar stories. L’Oreal will sell part of its stake in Sanofi back to the French pharmaceutical company for 3 billion euros ($3.11 billion), bolstering its balance sheet while the beauty industry is undergoing a slowdown. The deal will diversify the French beauty giant’s funding sources and represent a big chunk of Sanofi’s 5 billion-euro buyback program set out last week, the companies said Monday.

Subscribe to enjoy similar stories. India is charting an ambitious course toward its vision of a $30-trillion economy by 2047. To realize this, India must sustain double-digit growth over the next two decades.

Bitcoin slid to about $95,000 Sunday night into Monday morning, while a number of cryptocurrency-related stocks also sank in premarket trading as the market reacts to the potential impact of the new tariffs rolled out by the Trump administration over the weekend.

tariffs on imports from Canada, Mexico, and China have raised concerns about how it would impact Americans.

Panama Canal for some time, and has again issued a warning that the US is going to take back the Panama Canal because of violation of agreements, and because of Chinese control over the territory. President Trump is of the opinion that China holds a major grip over the Panama Canal which could adversely affect the US later on. Therefore, during his inauguration ceremony itself, he announced that getting a grip on the Panama Canal was one of his top priorities.

Subscribe to enjoy similar stories. President Trump’s aggressive move to place tariffs on hundreds of billions of dollars in imports, ranging from crude oil and auto parts from Canada to Mexican avocados and raspberries has rattled investors, economists and some lawmakers, who are all wondering: What exactly is the goal? Larry Summers, the former U.S. Treasury secretary under President Bill Clinton, said that Trump’s move amounted to “a self-inflicted supply shock." Kentucky Republican Sen.

(Bloomberg) — Charities, diplomats and foreign officials around the world are frantically trying to figure out what will happen to the US agency that doles out over $40 billion in aid for everything from life-saving HIV programs in Africa to funding for Ukraine amid the Trump administration’s assault on a cornerstone of the country’s global influence.

Subscribe to enjoy similar stories. Artificial-intelligence evangelists such as Sam Altman want to reshape the world, but they need mountains of money to do it. That is sparking a modern-day gold rush on Wall Street.

Donald Trump waging a tariff war on Canada, Mexico and China sent a chill into global markets as major European and Asian indices, including India's headline indices, reeled under selling pressure on Monday. Banks, energy and FMCG stocks fell most even as the IT sector tried to salvage some pride. Meanwhile, Saturday’s Budget announcements or rather the lack of them for capex-intensive sectors soured the D-Street sentiments. While the 30-stock S&P BSE Sensex finished at 77,186.74, declining by 319.22 points or 0.41%, the broader Nifty fell by 31.75 points or 0.52% to close at 23,361.05. Commenting on the day's action, Dr. Praveen Dwarakanath, Vice President of Hedged.in, highlighted that Nifty exhibited strength taking support from the middle of the Bollinger band after a sudden fall during the day.

Subscribe to enjoy similar stories. NEW DELHI : Finance and revenue secretary Tuhin Kanta Pandey emphasized on Monday that the Indian rupee remains a free-floating currency and the government is not alarmed by exchange rate fluctuations, which are driven by cross-border capital flows. This comes as the rupee tumbled to a record low of 87.29 against the US dollar, dropping 67 paise in early trade, following fresh tariffs imposed by US president Donald Trump, sparking fears of a broader trade war.

Asia shares are mostly declining as worries grow about President Donald Trump imposing tariffs on key U.S. trading partners

«So, we will keep on seeing such liquidity measures continue because in our opinion the tariff war is not temporary, that is the reason why I said Trump one and Trump two are very different,» says Anindya Banerjee, Kotak Securities. This further weakness in the rupee and touching its all-time low levels for today, how do you see this and what is next for rupee actually? Help us understand your analysis because in the last few quarters we are seeing a lot of intervention from the RBI as well. So, where do you see rupee headed and stabilising as well? Anindya Banerjee: See, the Indian rupee is now subjected to what is happening to almost all Asian currencies, almost all currencies against the US dollar. Because after Trump announced the high tariffs on Canada and Mexico also, he slapped fresh tariffs on China.

Subscribe to enjoy similar stories. The Trump administration said Saturday it will levy 25% import tariffs on goods from Mexico and Canada, with Canadian energy products facing a 10% tariff. The announcement also includes an extra 10% tariff on imports from China.

Subscribe to enjoy similar stories. In an acclaimed article, noted leadership consultant Justin Menkes categorized the mastery that business leaders require into three skill areas: (a) accomplishing tasks; (b) working with and through other people; and (c) self-evaluation and behavioural adjustment. A recent Harvard Business Review article on critical C-suite skills suggests that in today’s business environment, companies need leaders who are not only adept at managing finances and possess technical expertise, but also excel in people management.

Subscribe to enjoy similar stories. On President Trump’s inauguration day, Nvidia Chief Executive Jensen Huang wasn’t sitting by the president’s side at the Capitol like many tech moguls. He wasn’t invited, an Nvidia official said, so he had gone to Beijing.

Bitcoin (BTCUSD) retreated below $95,000 on Sunday over concerns about the potential impacts of U.S. tariffs imposed on products coming from Canada, Mexico and China.