China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Deutsche Bank Wealth Management's global chief investment officer predicted the Federal Reserve will cut interest rates twice in the next 12 months, but chances of a four-time...US Economyread more
Google's services have been blocked in China for several years, but the company still has businesses there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
Andrew Gillan of Janus Henderson Investors says he likes markets in the Philippines and Indonesia, and explains why it's difficult to invest in Vietnam despite its...Investingread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
Stocks in Asia traded lower on Thursday afternoon. Australia's jobs data showed the net number of jobs created was far below expectations.Asia Marketsread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread more
The International Monetary Fund's (IMF) Managing Director Christine Lagarde has warned a global trade war would create a lose-lose situation for everyone, amid an escalating war of words between the U.S. and several of its trading partners.
Speaking to French radio station RTL on Wednesday, Lagarde said: "The macroeconomic impact would be serious, not only if the United States took action, but especially if other countries were to retaliate, notably those who would be most affected, such as Canada, Europe, and Germany in particular."
Last week, President Donald Trump condemned the U.S. trade deficit with other countries and proposed plans to impose hefty tariffs on steel and aluminum imports.
That prompted a firm global response from Washington D.C.'s trading partners, as well as criticism from the World Trade Organization (WTO).
Trump has since reaffirmed his plans to slap tariffs on steel and aluminum imports, warning the European Union (EU) it could soon face a "big tax" for failing to treat the U.S. properly when it comes to trade. He later insisted trade wars are "good."
The IMF's Lagarde said she hoped Trump would not implement his threat to impose tariffs.
"In a so-called trade war, driven by reciprocal increases of import tariffs, nobody wins, one generally finds losers on both sides," she said.
Nonetheless, Lagarde also conceded the U.S. president might have a case when it comes to the trade situation of the world's largest economy.
"There are some countries in the world that do not necessarily respect the World Trade Organization's agreements, and which impose technology transfers. China is a case in point, but it is not the only country with such practices," Lagarde said while speaking to RTL on Wednesday.