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
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
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
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
Bitcoin fell Friday to its lowest since Nov. 1 as traders bet on its offshoot, bitcoin cash, instead.
The offshoot digital currency surged more than 40 percent to its highest since Aug. 19, and was last trading near $947, according to CoinMarketCap. Bitcoin cash split off from the original version of bitcoin in August as a minority group of developers decided to implement an upgrade in an effort to increase transaction speeds for the digital currency.
An alternative bitcoin upgrade proposal, SegWit2x, which initially had more developers behind it, was called off Wednesday due to waning support.
Bitcoin three-month performance
Bitcoin hit a record high of $7,879.06 that day after the news, but quickly fell and was trading 9 percent lower on the day Friday afternoon near $6,500, according to CoinDesk. That marked its lowest since Nov. 1.
"You can see people playing back and forth between bitcoin and bitcoin cash trading depending on where they think near-term catalysts may be," said Chris Burniske, author of "Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond." "It's been a battle of investors versus traders that were stockpiling bitcoin to get their 'bitcoin2x dividend.'"
Investors at the time of a bitcoin split technically receive equal amounts of the offshoot currency. Disagreements over upgrade proposals have caused uncertainty over the future of bitcoin, but some traders had been buying bitcoin ahead of splits in order to benefit from a payout of a new digital currency and a potential relief rally in bitcoin following the split.
Creating bitcoin cash through the "mining" process was 13.6 percent more profitable than mining bitcoin, according to data on Coin Dance's website.
Bitcoin cash performance from Aug. 1 to Nov. 10
Bitcoin has tended to recover quickly from pullbacks. The digital currency's price is up seven times this year and in a sign of growing interest from institutional investors, the world's largest futures exchange, CME, is planning to launch bitcoin futures by the end of the year.
Another digital currency, ethereum traded about 4 percent lower near $307.52 Friday after hitting a nearly one-month high Thursday, according to CoinDesk.