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Trade doubts lurk in yuan fixing amid ‘markets rally’

Bloomberg Considering the lack of enthusiasm for the so-called mini trade deal in China, the country’s disappointing trade data, an unexciting yuan fixing and the cautious-sounding analyst commentaries, it was a wonder that emerging markets were able to make any headway at all. But catch-up was predictably the order of the day following the US rally, so most currencies strengthened, ...

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Investors shun China small banks despite half-price deals

Bloomberg To see how little investors love China’s small banks, look no further than the nation’s largest online auction site. On Alibaba Group Holding Ltd’s Taobao platform, a Chinese court tried to auction off 1.5 million shares of a rural bank in the eastern Zhejiang province for a starting price of $161,000 — about half their appraised value. After three ...

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US-EU jet tariff war will drive up travel costs, warns Clark

Bloomberg A face-off between the US and European Union over jetliner tariffs risks making travel more expensive for passengers, the world’s biggest long-haul airline has warned. Tit-for-tat import duties on Boeing Co and Airbus SE planes would ultimately increase the cost of the aircraft and hence also fares, Emirates President Tim Clark said on Monday in Dubai, where the carrier ...

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