Tag: US

Rates Spark: The Trump administration is now a reality
24Jan mmBy Mike TrudellNo Comments
USA

Rates Spark: The Trump administration is now a reality

Markets may have “bought” the rumour and will proceed to “sell” the fact now that Trump's inauguration is a done deal. Even if UST yields come down, we still see structurally higher US rates. On his first day of his second term as US President, Trump declared energy and border security emergencies, but has not enacted tariffs – yet. EUR rates reacted with mild relief, but the ECB will still tread cautiously Markets may "sell" the fact, but we still see structurally higher US rates With US President Donald Trump officially back in office, the question is whether markets bought the rumours but will sell the facts. The month leading up to Trump’s election in November also saw a significant rally in UST yields, but that move faded in the weeks thereafter. Similarly, rates ...
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Singapore becomes a haven for companies and investors fleeing tensions between the US and China.
24Jan mmBy Brian ThompsonNo Comments
China, Market, Singapore, USA

Singapore becomes a haven for companies and investors fleeing tensions between the US and China.

Its reputation of political neutrality — and strength in life sciences — is making Singapore a favoured launchpad for western investors and Chinese startups. Two years ago, Polaris Partners, the investment arm of US pharmaceutical company Polaris, opened an office in Singapore as it started to ramp up investments in the Asian country. “Singapore has an extraordinary ecosystem,” says Amy Schulman, managing partner at Polaris Partners. “It has first rate science that gets a good amount of government support. It has terrific intellectual property protection, and it has organised rule of law system that makes things very appealing.” Singapore’s favourable tax system and English-speaking business community have also made it an ideal jumping off point for international companies se...
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Trump warns China that further tariffs will be imposed on February 1.
22Jan mmBy Joe RodriguezNo Comments
China, World

Trump warns China that further tariffs will be imposed on February 1.

President Donald Trump on Tuesday warned that even more tariffs could be coming as soon as next week: This time China was his target, as Trump threatened to unleash a wave of higher taxes on imports from America’s second-biggest trading partner. In an Oval Office press conference that echoed similar off-the-cuff remarks on Monday, Trump said that he is considering a 10% across-the-board tariff on all Chinese goods starting as early as February 1. On Monday, Trump threatened 25% tariffs on Mexico and Canada but deflected on China, noting that former President Joe Biden left in place extensive tariffs that Trump imposed during his first administration. It’s unclear what prompted such a rapid change in Trump’s tariff policy, although he had promised as much as a 60% tariff on all g...
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As tensions between the US and China increase, Malaysia links its fortunes to Singapore.
22Jan mmBy Brian ThompsonNo Comments
Asia, China, Singapore, USA

As tensions between the US and China increase, Malaysia links its fortunes to Singapore.

New special economic zone paves way for closer relations between one-time south-east Asian rivals As tensions ratchet up between two of Malaysia’s biggest trading partners, the US and China, the south-east Asian nation is increasingly looking to hitch its wagon to its more successful neighbour, Singapore. A special economic zone straddling the two countries — along with a raft of initiatives to build stronger ties — has been designed to help the pair withstand tougher global economic trading conditions. “We are entering a new era where global tensions are here to stay,” warned Singapore’s Prime Minister Lawrence Wong this month at the signing of an agreement to create the Johor-Singapore Special Economic Zone. “The world is becoming a more dangerous and troubled place. This...
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The Bigger Threats to China’s Economy
21Jan mmBy Joe RodriguezNo Comments
China, USA, World

The Bigger Threats to China’s Economy

China’s economy rebounded in the last quarter of 2024, achieving the government’s growth target of 5%, as announced by Beijing on Friday. China’s economy rebounded in the last quarter of 2024, achieving the government’s growth target of 5%, as announced by Beijing on Friday. However, this marks one of the slowest growth rates in decades, underscoring the challenges facing the world’s second-largest economy. Amid a prolonged property crisis, mounting local government debt, and persistent youth unemployment, China’s rebound remains fragile. The head of the country’s statistics bureau described China’s economic achievements as “hard won,” acknowledging the significant stimulus measures launched late last year. Historically, Beijing has been adept at meeting its growth targets, but exp...
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The flames in Los Angeles are predicted to be the most expensive in US history, with damages of about $50 billion.
10Jan mmBy Mike TrudellNo Comments
USA, World

The flames in Los Angeles are predicted to be the most expensive in US history, with damages of about $50 billion.

The magnitude of these losses is likely to strain California's already fragile home-insurance market. The Los Angeles wildfires are expected to become the most costly in US history, with early damage estimates reaching nearly $50 billion, according to a The Wall Street Journal (WSJ) report. This figure, more than double the previous day’s estimate, includes over $20 billion in insured losses, with the potential for even higher costs if the fires continue to spread unchecked, said JPMorgan analyst Jimmy Bhullar.  Other projections, such as from ratings firm Morningstar DBRS, also place the financial impact among the nation’s most expensive disasters, with insured losses exceeding $8 billion. The final cost of insurance losses from the wildfires may vary significantly ...
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Biden administration declares Chinese actions in Xinjiang as ‘genocide’
1Apr mmBy Mike TrudellNo Comments
World

Biden administration declares Chinese actions in Xinjiang as ‘genocide’

US President Joe Biden’s administration on Tuesday declared Chinese actions against the Uyghur Muslims and other ethnic and religious minority groups in Xinjiang as ‘genocide’.The US Department of State, in a 2020 report on Human rights practices, said: “Genocide and crimes against humanity occurred during the year against the predominantly Muslim Uyghurs and other ethnic and religious minority groups in Xinjiang”.Chinese authorities’ genocide in Xinjiang was first officially declared by Michael Pompeo during the waning days of the Donald Trump administration. Now, Antony Blinken affirmed Pompeo’s assessment during his confirmation hearing, but the word’s inclusion into Tuesday’s report formalizes the outlook as an official U.S. government assessment.The State Department said the crime inc...
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Chinese consul-general calls Canada ‘running dog’ of US
29Mar mmBy Mike TrudellNo Comments
World

Chinese consul-general calls Canada ‘running dog’ of US

Alleging that the Canadian Prime Minister Justin Trudeau has ruined the friendly ties between China and Canada, Li Yang, the Chinese Consul General in Rio de Janeiro, has said that Trudeau has turned Canada into a “running dog of the United States”.“Boy, your greatest achievement is to have ruined the friendly relations between China and Canada, and have turned Canada into a running dog of the US. Spendthrift!!!” Li Yang tweeted on Sunday.His remark comes a day after China had announced sanctions against two American religious-rights officials and a Canadian MP in response to western countries’ sanctions on Beijing over the issue of human rights abuses in Xinjiang province.However, the United States condemned China’s sanctions and said that Beijing’s attempt to silence criticism of human r...
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Chinese tech firms face US ultimatum over issue of American accounting standards
27Mar mmBy Mike TrudellNo Comments
World

Chinese tech firms face US ultimatum over issue of American accounting standards

Chinese tech firms in the United States could be forced to leave the US market after the country’s Securities and Exchange Commission (SEC) started implementing a law to remove foreign firms that did not comply with local accounting standards.Recently, the SEC, which regulates the US stock markets, amended the Holding Foreign Companies Accountable Act to remove from the US stock markets foreign firms that did not comply with local accounting standards.“The SEC has adopted interim final amendments to implement congressionally mandated submission and disclosure requirements of the Holding Foreign Companies Accountable Act (HFCA Act),” the SEC said in a statement.The SEC said that it was “seeking public comment on these submission and disclosure requirements” within 90 days of the date of the...
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US to hold China accountable for human rights abuses: US Speaker
24Mar mmBy Mike TrudellNo Comments
World

US to hold China accountable for human rights abuses: US Speaker

The United States Speaker Nancy Pelosi on Tuesday lauded the sanctions imposed by the Biden administration on China and said that Washington will hold Beijing accountable for human rights abuses against the Uyghurs in Xinjiang as well as against people in Tibet and Hong Kong“The Biden administration’s coordinated sanctions on China are a strong and resounding step to hold China accountable for its barbaric atrocities against the Uyghur people,” Pelosi said in a statement.“America, together with our allies, will continue to hold Beijing accountable for its campaign of human rights abuses, including those targeting the Tibetan people, people of Hong Kong and journalists, human rights lawyers and advocates on the mainland,” she added.Pelosi said that the US Congress will further its actions w...
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