A trade war spills into the realm of currency, with no end in sight. Source: NYT > Business – Neil Irwin
Global Markets Hit Pause After Wall Street’s Trade-Driven Rout
Shares in Asia recovered some of their losses after the Chinese central bank indicated that it was not ready to weaponize the renminbi just yet. Source: NYT > Business – Alexandra Stevenson
Global Stocks Slide After China Lets Currency Dip, Raising Tensions With U.S.
Tension between the world’s largest economies ratcheted higher, adding to concerns about the global economy. Source: NYT > Business – The New York Times
China Hints at Weaponizing Its Currency, Rattling Markets
Beijing’s willingness to let the renminbi weaken could signal a new phase in the U.S.-China trade war that might ripple through the global financial system. Source: NYT > Business – Alexandra Stevenson
China Hints at Weaponizing Its Currency, Rattling Markets
Beijing’s willingness to let the renminbi weaken could signal a new phase in the U.S.-China trade war that might ripple through the global financial system. Source: NYT > Business – Alexandra Stevenson
HSBC’s Chief Steps Down, in a Surprise
John Flint, who was C.E.O. for only 18 months, resigned “by mutual agreement” with the board, which also announced solid earnings. Source: NYT > Business – Stanley Reed