Chinese and U.S. negotiators are reportedly working on a plan to hold talks to end a trade dispute that would result in meetings between President Donald Trump and Chinese leader Xi Jinping at a summit in November, according to Dow Jones.
The U.S. imposed sanctions on four Myanmar military and police commanders and two army units for involvement in what it called "ethnic cleansing" and other human rights abuses against the country's Rohingya Muslims.
A shipping revolution and a U.S. plan to impose targeted crude sanctions against Iran is likely to prompt wild swings in the oil price over the coming months, Vopak's chief executive told CNBC on Friday.
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.
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.
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 currency has lost 28 percent of its value against the greenback since August and more than 40 percent this year amid investor fears over central bank policy and escalating disputes with the United States.
The markets have seen much of this movie before: a heavily indebted country finds itself in crisis, the currency plunges and talk quickly turns to contagion and, ultimately, an expensive globally financed bailout.
Strategists from J.P. Morgan Asset Management said the country has found itself "in the midst of a perfect storm" of worsening financial conditions, shaky investor sentiment, inadequate management of the economy and tariff threats from the…