In response to the US tariffs on Chinese exports worth USD 50 billion, it threatened to impose levies of 25% on a range of US goods worth about the same amount, including soybeans. The US is one of two world’s largest sellers of soybeans, together with Brazil. China is the world’s dominant buyer, accounting for more than 60% of all imports
After five years out of the stock market, Metrovacesa returned on February 6 via a public share offering earmarked just for qualified investors. The property company’s shares are currently trading at 14.11 euros each, with a big discount to NAV.
Vladimir Putin secured an easy victory, and a second consecutive six-year term, in yesterday’s first round of presidential elections. With 99% of the votes counted, he has received 77% of votes, which will extend his 18-year in power until 2024. Putin’s re-election means stability in the corporate sector, a favourable outcome for bond investors.
“Even though Xi was already due to remain until 2023, the western media became very excited about China’s ‘imperial ambitions’ and may well have been the trigger for the increased talk on tariffs. The reality is however that the US policy of containing China has shifted gear,” says Mark Tinker, Head of AXA IM Framlington Equities Asia. The point of his following comments is to highlight the different attitudes to China currently pertaining in each continent.
Benjamin Cole | The last filmy slips of fabric have been stripped away, and macroeconomists must now view the once-romanced US Congress in flagrante delicto with a real paramour: Mr. Big Bucks Deficits. From here, a premise of Federal Reserve monetary policy must be that it takes place alongside $1 trillion annual deficits.
Last October the Chinese investment fund Orient Hontai agreed to buy a majority stake in Spanish sports rights group Mediapro for $1 billion in order to change the Asian country into a global soccer powerhouse. Today the deal has been materialised and Orient Hontai officially become new owner of the Spanish soccer championship usually known as la Liga, Europe’s third-richest league.
Caixin | President Xi Jinping is hosting U.S. President Donald Trump in China for the first time since Wednesday. Trump’s visit is part of his whirlwind Asia tour that saw him spend three days in South Korea.Trump will be accompanied by a business delegation that includes the leaders of 28 U.S. companies.
After several months of buildup, the Trump’s tax reform was finally unveiled on September 27. To better understand the potential implications for investors, Curt Overway, CFA from Natixis Global AM offers insight on what the tax reform proposal means for investors’ portfolios. A few observations can be made.
Nick Ottens via Atlantic Sentinel | Germans are more centrist and optimistic than most Europeans. The French and the Spanish have yet to feel the economic recovery and are more inclined to vote for parties on the far left and the far right. The Italians are even more pessimistic, yet they remain wary of extremes.