Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Stocks in Asia fell Monday morning following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Currency strategist Mike Moran warned on Friday that as the euro falls, U.S. multinationals must stop playing the waiting game and start hedging better, or they'll ''catch the falling knife.''
"The corporations haven't been hedging as much as they would have liked to," Standard Chartered Bank's senior currency strategist said on CNBC's "Squawk on the Street. " "They tend to take a discretionary approach and so recently they've been caught out."
Few companies have completed their hedging programs for the year, and the strengthening U.S. dollar will have a negative impact on earnings, he continued.
And Moran expects parity between the two currencies within three months.
"I think if we were to get another big move lower in the euro, its going to force these guys to stop waiting and catch the falling knife," he said.
He added that it is possible for a major currency to go into free fall, leading to a situation where central bankers have to step in and take action.
"We've seen central bank activism already on the rise over the last few months whether it's in the G-7 countries or emerging market Asia or in America."
But Moran pointed out that the currencies of emerging market countries like Turkey, Brazil and Malaysia have been battered more than the spotlighted euro. The private sector debt in these countries has ballooned as a result of the tremendous amount of dollar issuance over the last few years.
"If we see the dollar go up another 10 or 20 percent, that's going to apply a lot of pressure and that is going to demand a response from all the other central banks," he added.