Financial markets must start to account for the personalities of populist world leaders, according to veteran investment banker and philanthropist John Studzinski. His comments come at a time when market participants are increasingly concerned about a serious economic slowdown, with a long-running global trade war souring business and consumer sentiment. Read Here – CNBC
The Chinese economy slowed further in the fourth quarter, matching its lowest recorded reading, last reached during the global financial crisis in 2009. The fourth quarter growth rate of 6.4 per cent, year on year, matched that of the first quarter of 2009, according to data released Monday by the National Bureau of Statistics. That was the […]
The likelihood of Britain leaving the European Union without a deal just got a whole lot higher—and Prime Minister Theresa May is largely to blame. On Tuesday, British lawmakers overwhelmingly voted against May’s negotiated agreement with the EU, delivering a damaging (albeit foreseeable) blow to her Brexit strategy. Read Here – The Atlantic
The euro’s first 20 years played out very differently than many expected, highlighting the importance of recognizing that the future is likely to be different from the past. Given this, only a commitment to flexibility and a willingness to rise to new challenges will ensure the common currency’s continued success. Read Here – Project Syndicate
Europe’s non-geopolitical view appears to be changing as many European countries individually and the European Union collectively start to see China as a potential competitor. In addition, China’s Made in 2025 strategy served as an important wake up call to high-tech European industry. Read Here – War On The Rocks
True, Treasury Secretary Steve Mnuchin effectively declared an end to the 24-year-old strong dollar policy in January 2018. The White House quickly backtracked as markets quaked. In 2019, expect a new currency push. One motivation: US growth is losing momentum. Trump is anxious to keep the key source of his legitimacy humming along. The bigger objective, though, is […]
Coming to the end of 2018, the atmosphere in the People’s Republic has become increasingly dominated by Xi’s presence and image. During the Forum for China African Cooperation in September, an already infamous cover of the official People’s Daily had Xi’s name in headlines almost 20 times on the front page. Read Here – WarOnTheRocks
President Donald Trump and Chinese President Xi Jinping agreed to a temporary trade ceasefire to allow time for more negotiations. The move means that U.S. tariffs on $200 billion worth of goods will not rise to 25 percent on Jan. 1, from 10 percent currently. As part of the deal, China agreed to buy “a very […]
After years of economic symbiosis in which the US purchased low-cost Chinese imports and China purchased US Treasuries, China has begun to pursue the prerogatives of a superpower, and the US has responded in kind. As a result, both countries are becoming more alike, particularly in their belief that there can be only one winner. […]
Trump, by standing firm in Argentina this weekend, can accelerate the trend of disengagement of the American and Chinese companies. Yet it is not only the American president who is pushing factories out of China. Xi Jinping is also helping the cause of disengagement by punishing American companies in China, turning Fortune 500 behemoths into […]
looking beyond borders 