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Nalezeno "China": 4018

China Asks Banks to Curb Dollar Purchases as Yuan Hits Multi-Year Low


China seeks to maintain the stability of the yuan in the face of the current tariff war, informally asking state banks to stop their dollar purchases. According to Reuters, these institutions would also ramp up controls on customers’ dollar purchases to stop speculation. China Reportedly...

EU, China Hike Tariffs in Trade War Response


The European Union said it is implementing retaliatory tariffs on $20.9 billion worth of U.S. goods in three phases in response to President Donald Trump’s steel and aluminum import taxes. The EU’s delayed response is due to the need for unanimous approval from its 27 member states....

Bitcoin Trades Sideways as US – China Trade War Commences


Both traditional assets and the leading cryptocurrency seem to be trading mostly sideways in the midst of economic uncertainty as the world’s two largest economies duke it out. BTC Stalls Amid Escalating U.S.-China Trade Tensions After President Donald Trump slapped a 104% tariff on China, what...

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