Dow jumps 600 points when 2-day comeback rally pushes big indices in the green for the week

Dow jumps 600 points when 2-day comeback rally pushes big indices in the green for the week

US stocks jumped for a second day when fears of a crisis in China’s real estate market eased somewhat and when the Federal Reserve kept the current monetary stimulus in place just a little longer. The Dow Jones Industrial Average gained 612 points, or 1.8%, with steady buying throughout the trading day. Thursday’s rally increases … Read more

Lithuania urges official to drop Chinese phones

Lithuania urges official to drop Chinese phones

Lithuania has urged many of its citizens to throw away their Chinese Huawei phones and avoid buying new ones due to censorship problems. A European nation has urged its officials to put down their Chinese-made smartphones and avoid buying new ones after experts found that they contain “worrying” automatic censorship software and other security flaws. … Read more

Taiwan wants to join the overall and progressive Trans-Pacific Partnership Agreement but China is not keen

Taiwan wants to join the overall and progressive Trans-Pacific Partnership Agreement but China is not keen

There is a “risk” for Taiwan’s application to join the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) if China joins first, says the Taiwanese government, marking a potential political roadblock. Keyword: Taiwan wants more support from other democracies, but China opposes all countries that link it Taiwan is a member of the WTO and the … Read more

Equity futures will be higher when Dow, S&P lose line after the Fed decision

US stocks would jump for a second day as fears of a crisis in China’s real estate market eased somewhat and when the Federal Reserve kept the current monetary stimulus in place just a little longer. Forward agreement linked to the Dow Jones Industrial Average scored 145 points or 0.4%. S&P 500 futures rose 0.5% … Read more

The stock market today: The Dow will rise close to 200 points when the fear of September disappears after the Fed

Text size Markets reacted positively to Fed Chairman Jerome Powell’s statement on Wednesday. Mark Wilson / Getty Images Wall Street was set for a positive start on Thursday while global equities rose higher as investors seemed to shake off concerns about a decline in September following a key meeting on Wednesday in the US Federal … Read more

Ant Group shares information on consumer credit with China’s central bank

GUANGZHOU, China – Ant Group will share credit information from its consumer lending business with China’s central bank as part of a review of the fintech giant. Huabei is a consumer loan product under Ant Group. Data from that lending product will be entered into the database of financial credit information held by the People’s … Read more

Taiwan applies for accession to the Pacific Trade Agreement days after China

Taiwan applies for accession to the Pacific Trade Agreement days after China

Taiwan has applied to join a large trans-Pacific region, officials confirmed Thursday, days after China said it also wanted to join the deal. The comprehensive and progressive Trans-Pacific Partnership (CPTPP) agreement, signed by 11 countries in Asia and the Pacific in 2018, is the region’s largest free trade package and accounts for approximately 13.5 percent … Read more

How Evergrande bond payment deadline can trigger global financial crisis

A critical deadline is on the way – and it could lead to a global financial contagion, with serious consequences for Australia. The world’s most indebted real estate company will meet two crucial deadlines for repayment on Thursday – and there are growing fears that it could lead to a global financial contagion. China Evergrande … Read more

China Evergrande reaches debt agreement – but questions remain – Nationally

China Evergrande agreed to settle interest payments on a domestic bond on Wednesday, while Chinese Central Bank injected cash into the banking system, soothing fears of imminent infection from the debt-laden property developer. Evergrande, Asia’s largest issuer of junk bonds, is so entangled in China’s broader economy that its fate has kept global stock and … Read more

Will the financial markets suffer from tantrums when cheap money is turned off? | The company | ABC News – ABC News (Australia)

Will the financial markets suffer from tantrums when cheap money is turned off? | The company | ABC News  ABC News (Australia) .