Sunday, August 11th, 2019

 

Lack of G7, IMF support seen dimming impact of US move on China’s yuan

WASHINGTON, Aug 11 — China is unlikely to face serious consequences from the Trump administration’s decision to label it a currency manipulator given the apparent lack of G7 and IMF support for the move, former and current US and G7 officials…


US Fed remains a target as economy falls short of Trump’s ambitious goals

WASHINGTON, Aug 11 — It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the US economy at risk while data shows an economy in “reasonably good” shape, as the head of the central…


PBOC: Volatility in China’s yuan due to escalating US trade friction

SHANGHAI, Aug 11 — Volatility in China’s yuan since August is a normal market reaction to escalating trade frictions stoked by the United States and was caused, to some extent, by Washington’s decision to raise tariffs, a senior Chinese…


Tourism in trouble: Hong Kong demos hit economy

HONG KONG, Aug 11 — Empty hotel rooms, struggling shops and even disruption at Disneyland: months of protests in Hong Kong have taken a major toll on the city’s economy, with no end in sight. City leader Carrie Lam has warned that the…