March, 2019

• 10 March

  Alibaba’s US deal won’t help Trump’s trade balance

  

  Soon after Donald Trump got elected, a host of Asian business leaders responded by flying to the US to shake his hand and pledge to create more jobs for Americans. Since then, the US president has continued to flay China for the massive trade imbalance between the two nations. It’s been the spur for raising tariffs and dragging Beijing to ...

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• 10 March

  Let American people see the Mueller report

  Michael Cohen’s appearance last week before the House Committee on Oversight and Reform was surely a spectacle. The former personal lawyer to President Donald Trump, who had spent a decade lunging at anyone who threatened Trump’s image or interests, marshaled his own attack on the president’s character and behaviour. Cohen also documented his testimony with financial statements and canceled checks. ...

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• 10 March

  China finds a G-7 ally for Belt and Road initiative

  

  The trading relationship between Italy and China goes back a long time. In the 13th century, Marco Polo, a Venetian merchant and explorer, was the first European to leave a detailed chronicle of his experience in the Far East. For centuries, precious fabrics traveled on the Silk Road from China to the Italian cities of Venice and Lucca, where they ...

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• 10 March

  Apple deserves kudos for the gains it made

  

  I’ve been quite harsh towards Apple Inc. for a long time. Having covered the company for close to 15 years, first as a reporter and now a columnist, I’ve spent much time researching and writing about its supply chain and the myriad problems within. Today, though, it’s time to give credit where it’s due. Two of my major beefs with ...

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• 10 March

  Will tariffs on India work? Here’s a shiny clue

  

  President Donald Trump has decided that India’s failure to provide “equitable and reasonable” access to its market means it’s no longer eligible to export certain goods duty-free to the US. The 43-year-old US Generalised System of Preferences, the privilege India now loses, is part of a shared commitment by developed countries to promote export-oriented growth in emerging economies. Washington also ...

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• 10 March

  $10trn global stock rally gets realty check from slow growth

  

  Bloomberg A $10 trillion global stock rally is showing signs of fragility, and you can blame the economy. Both the American and European benchmarks posted their biggest weekly losses since the darkest days of December’s sell-off, with the S&P 500 dropping 2.2 percent. While the week ended with the European Central Bank’s (ECB) dovish turn and President Donald Trump predicting a ...

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• 10 March

  Goldman Sachs cops to misstep on dollar call, eyes yen trade instead

  

  Bloomberg Goldman Sachs Group Inc. was half right about what it expected to happen with a more dovish-sounding Federal Reserve. But that didn’t save its US dollar trade — so it’s trying a different tactic. The firm’s recent recommendation to short the US Dollar Index (DXY) hit its stop — the level at which a trade is halted so losses ...

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• 10 March

  Fed officials emphasize March pause amid strategy rethink

  

  Bloomberg The policy shift under way at the Federal Reserve will affect new forecasts to be published later this month and also their longer-run strategy. Recent remarks by Chairman Jerome Powell, Vice Chairman Richard Clarida, Governor Lael Brainard and New York Fed President John Williams have all signalled their contentment with letting the policy rate rest at 2.25 percent to ...

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• 10 March

  Deutsche Bank makes deep cuts to 2018 bonuses

  

  Bloomberg Deutsche Bank AG employees learned what bonuses they would receive, with many facing deep cuts and some bankers in New York and London receiving zero payouts, people with knowledge of the decisions said. Many of those who avoided large cuts to their 2018 rewards did so because they had guaranteed payouts, such as recent hires, the people said, asking ...

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• 10 March

  Nordic laundering response brings bigger fines, prison

  

  Bloomberg Hit by a money-laundering scandal involving their biggest banks, Nordic policy makers are stepping up the region’s defenses. Here is a list of actions and proposals made by governments and financial watchdogs across the Nordic countries. DENMARK Denmark has said it wants to implement some of Europe’s toughest anti-money laundering rules. Since the Danske Bank A/S scandal erupted last ...

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