President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over 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
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
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
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
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread 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
Global currency traders have been circling volatile exchange rates this week, with expectations high that political divisions in Europe could lead to further opportunities to generate some return.
Sterling was sent into free-fall on Monday after a date was set for a U.K. referendum on the country's membership of the European Union after the country renegotiated its membership of the 28-country bloc. But experts are increasingly looking at the downside risks for the euro as the European project itself is called into question.
"(Brexit) would have negative growth implications for the rest of Europe and, more importantly, could cause wider political uncertainty," Kit Juckes, global head of foreign exchange strategy at Societe Generale, said in a note on Tuesday morning.
A split for the U.K from Europe - which Citi analysts believe has a 30-40 percent chance of happening - could cause other nations to try to renegotiate their own terms. This at a time when the leaders of the 19-nation euro zone - which share the common currency - are looking at closer political and fiscal union. And also at a time when nationalism has spread across various parts the region following the euro zone debt crisis of 2011.
"The British blackmail strategy may set a worrying precedent for Euroskeptics across the continent. Already, Marine Le Pen's Front National in France and right-wing populist Geert Wilders in the Netherlands are calling on their governments to seek comparable special deals by threatening national referenda," Carsten Nickel, senior vice president at Teneo Intelligence said in a note over the weekend.
Others also believe that cracks in the bloc could be exploited after a British exit. Kathy Lien, at BK Asset Management, told CNBC Monday that a "Brexit" could mean the "dissolution" of the European Union.
Betting against the euro, or "shorting" it and predicting it to fall, is one way that investors can trade the upcoming uncertainty around the vote, according to Lien. She predicts that the single currency can "certainly" trade below the psychological support of 1.10 against the dollar from its current level of 1.1007 at midday London time on Tuesday.
The euro slipped by just under 1 percent on Monday against the dollar after several political heavyweights in the U.K. threw their weight behind the "out" campaign. This wasn't close to the near 2 percent fall for sterling but it's the latest move in a larger trend lower for the single currency as traders ponder whether it can still reach parity with the greenback.
The currency lost 11 percent in 2014 and 10 percent in 2015 on the promise - and then the implementation - of aggressive asset purchases by the European Central Bank. It is still trading at levels not seen since 2003.
SocGen's Juckes suspects that a break of 1.10 will see an acceleration downwards for euro/dollar and predicts that euro/J could see an even bigger move in the short term, even testing the 120 level.