Boeing Co.’s 737 Max woes make it a prime target for China’s trade-war retaliations. China, responding to increased tariffs imposed by the US, said that it will boost levies on nearly 2,500 American products to 25%, while several thousand other items will be subject to taxes ranging from 5% to 20%. Soon after, Hu Xijin, the editor-in-chief of China’s Global ...

Bloomberg Another week, another leg of the emerging-market rout. An MSCI gauge of developing-nation stocks slipped 3.7 percent, setting the stage for the worst month since October. It was even worse for currencies, which capped a fifth straight week of declines, erasing gains for the year. Brazil’s real led the drop as protests added to political tensions and growth forecasts ...

Bloomberg The Australian dollar is set to strengthen against the greenback after the nation’s center-right government clung to power in a surprise election victory at the weekend. Despite trailing in most opinion polls, Prime Minister Scott Morrison waged a relentless attack on the Labor Party’s progressive agenda to take action on climate change and strip tax perks from wealthy Australians. ...