Bearish bets have driven coffee futures down more than 17 percent since the start of the year. » Read More
By: Thomas Franck
The U.S. stock market is well on its way to better-than-average gains this year, but a quick glance at overseas markets reveals a more sobering story. » Read More |
By: Jack Ewing
Turkey's financial crisis is rippling through the economy, shutting down power plants and threatening the supply of life-saving drugs, The New York Times reports. » Read More |
By: Matt Clinch
China is the latest country to offer some comforting words to President Recep Erdogan, as Turkey experiences a currency meltdown and a tariff spat with the U.S. » Read More |
China’s economy is still one of the fastest growing in the world, contrary to White House economic advisor Larry Kudlow’s assertion that its economy looks “terrible.”
The 93-year-old leader has repeatedly criticized Chinese ventures in his country for being too expensive. As he visits the world's second-largest economy, he's expected to renegotiate a number of Beijing-backed deals.
U.S.-China trade talks in August will likely be centered on the Chinese yuan, which has fallen almost 6 percent against the greenback so far this year.
Amid the turmoil in global markets caused by a sharp decline in the Turkish currency, investors are carefully watching the links between the embattled economy and Asia Pacific countries.
Chinese regulators said this week that rainbow trout can be sold as salmon, according to new standards set by a government-affiliated fish association and 13 commercial fisheries, The New York Times reports.
With no sign of de-escalation in its tariff spat with the U.S. and the absence of a comprehensive plan to address key economic weaknesses, risk remains extremely high. And Qatar's $15 billion investment package may be a mere band-aid.
Delivering his first-ever address to parliament on Tuesday, Australian Senator Fraser Anning advocated a return to the "White Australia" policy, which existed in the country for most of the 1900s before being abolished in 1973.
A controversial Hong Kong politician who advocates independence called for the U.S. to open a new front in its trade war with China. Analysts say it is unlikely to happen — even accounting for Trump's willingness to break longstanding norms.
Paris has installed bright red public urinals, called "uritrottoirs," right on the sidewalk in popular tourist areas as a an eco-friendly solution to public urination, USA Today reports.
The Turkish lira may be set for even more pain despite early attempts by the country's banking regulator to curb investors' ability to buy and short the national currency.
The currency jumps after the regulator limits bank swap transactions.
Emerging markets and banks are among the biggest casualties in the recent decline of the Turkish lira, but there will be some winners in the economic crisis as well.
The government claims it is responding to a “deliberate attack” by the U.S. on Turkey’s economy.
Stocks still rank low on the popularity list for Chinese investors, while private funds are playing a larger role in the country's asset management market — which many predict will soon become the world's second largest.
The club will reportedly include North Korea, the United States, China, Japan, Russia, Mongolia and South Korea, according to Yonhap News.
As Sino-American trade tensions escalate, Beijing could use Chinese cybersecurity standards as a weapon against Washington's tariffs.
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