Category Archives: Finance

G20 sees need for ‘dialogue,’ fails to defuse trade war threat

The world’s financial leaders rejected protectionism on Tuesday and urged “further dialogue” on trade, but failed to defuse the threat of a trade war days before U.S. metals tariffs take effect and Washington is to announce measures against China. Finance

Disputes with temporary workers add to GM Korea’s challenges

Having lost his temporary job as a mechanist at GM Korea twice in the past eight years, Shin Hyun-chang was eagerly awaiting a court ruling last month on whether the automaker would be forced to recognize him as a full-time

Trump eyes tariffs on up to $60 billion Chinese goods; tech, telecoms, apparel targeted

    U.S. President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports and will target the technology and telecommunications sectors, two people who had discussed the issue with the Trump administration said on

President Trump halts Broadcom takeover of Qualcomm

U.S. President Donald Trump on Monday blocked microchip maker Broadcom Ltd’s proposed takeover of Qualcomm Inc on national security grounds, ending what would have been the technology industry’s biggest deal ever amid concerns that it would give China the upper hand in

Trump sets steel and aluminum tariffs but exempts Canada, Mexico

U.S. President Donald Trump pressed ahead on Thursday with import tariffs of 25 percent on steel and 10 percent for aluminum but exempted Canada and Mexico and offered the possibility of excluding other allies, backtracking from an earlier “no-exceptions” stance.

Bitcoin edges lower, then pares some losses, after news that SEC is probing cryptocurrencies

  Bitcoin slipped on Wednesday following news that the U.S. securities and exchange commission is probing the cryptocurrencies market. The Wall street journal reported Wednesday evening ET that, as part of that investigation, the SEC has issued “scores of subpoenas”

A massive US farming industry fears China trade trouble

One of America’s biggest farming industries fears it could find itself in China’s cross hairs if President Trump keeps ramping up trade tensions between the world’s two largest economies. China is the world’s biggest buyer of US soybeans. It imported

Is now the time to invest in South Africa?

South African President Cyril Ramaphosa says his country is entering “a new era” following the ouster of his scandal-plagued predecessor, Jacob Zuma. Investors appear to agree. The country’s benchmark stock index has surged 5% since Zuma stepped down late Wednesday.

Trump administration recommends steep tariffs on steel and aluminum

The Commerce Department is recommending steep tariffs on foreign steel and aluminum. The suggested tariffs, offered by Commerce Secretary Wilbur Ross in the name of national security, are the latest indication that President Trump’s trade talk is turning from bark

Four triggers could cause a huge cryptocurrency crash

        If it’s true that the bigger they are, the harder they fall, then cryptocurrencies have been gearing up for a tremendous decline. But, then again, maybe this is just the start for the great crypto bull