The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
U.S. subsidies for its soybean farmers have given them an unfair competitive advantage in selling to China and strong restrictive measures need to be taken to prevent dumping, Chinese tabloid Global Times said in an editorial on Wednesday.
The widely read state-run Global Times is owned by the ruling Communist Party's official People's Daily, although its stance does not necessarily equate with Chinese government policy.
Its comments come as U.S. President Donald Trump is expected to announce tariffs against Chinese imports, targeting the technology and telecommunications sectors, in an attempt to
force changes in Beijing's intellectual property and investment practices.
"The Trump administration has repeatedly accused China of violating international trade rules and threatened to impose higher tariffs on Chinese products. But the U.S. is actually the breaker of WTO rules, which can be seen clearly by how subsidized U.S. soybeans are dumped on China," the newspaper said.
"Strong restrictive measures need to be taken against the massive subsidies and dumping of soybeans by some countries on China. This can reduce the adverse effects of imported soybeans on the Chinese market."
The Global Times also said Chinese authorities had issued a policy document urging efforts to nurture large grain dealers and agricultural firms that were internationally competitive and to make international trade for agricultural goods fairer and more reasonable.
China, the world's top soybean importer, buys 60 percent of the commodity traded worldwide to crush into soymeal used in animal feed. It mainly imports from Brazil and the United States.
A U.S. Department of Agriculture attache in China on Tuesday forecast that the country will import 100 million tons of soybeans in 2018/2019.