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For investors, Donald Trump’s tweets just sow confusion. In the trade war with China, they undermine his own position

US President Donald Trump speaks at a press conference with French President Emmanuel Macron during the G7 summit on August 26 in Biarritz, France. On Wednesday, Trump tweeted more criticism of Federal Reserve chairman Jerome Powell, saying other G7 economies were “giddy” over their own low interest rates. Photo: AP Source link

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Stocks Blog: Earnings, US-China trade war confusion offer traders opportunities, risks

Good day, traders — We have lots of earnings of mainland-listed and Hong Kong-listed companies coming out today, offering opportunities and risks. They come out amid confusing signals from Washington on the trade war. Meanwhile, the ongoing protests in Hong Kong have further dampened trading sentiment in stocks traded in the city. We’ll be watching the markets closely for you, keeping you up on the latest big moves and news, as well as bringing you insights from top analysts. If you have… Source link

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China 

US-China trade war deal confusion leaves American companies demanding clarity over mixed messaging

American companies in China have been warned that they are facing a “paradigm shift”, where ties between the United States and China will never return to pre-trade war days.The uncertainty of the trade war is damaging business, speakers told the Asia-Pacific Council of American Chambers of Commerce (APCAC) Business Summit on Monday in Hong Kong, with the general mood clouded in a lack of clarity.Not only are firms struggling to adapt to changing business conditions and higher costs, largely due… Source link

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China 

China’s bankers grapple with new credit rules to private borrowers as officials sow confusion with flip-flopping policies

Some Chinese banks are struggling to comply with unprecedented regulatory targets for credit to private companies because they aren’t sure who to lend to, a sign that authorities’ urgency to reverse an economic slowdown is muddying policy. The confusion stems from China Banking and Insurance Regulatory Commission chief Guo Shuqing’s statement on Thursday that at least a third of new loans should go to private companies, with the ratio going up to 50 per cent in three years. The missive sent bank stocks falling. The problem, according to senior executives…

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After a lot of confusion, Wanda finally confirms sale of two units to Sunac China for US$900m

Wanda Group on Monday confirmed that it has agreed to sell two of its tourism units to Sunac China for 6.28 billion yuan (US$902 million), after denying an earlier report. The agreement came after “friendly negotiations” with Sunac, a statement posted on Wanda’s website said. Wand also agreed to unwind a separate hotel management deal with Sunac as part of this transaction. A separate filing by Sunac to Hong Kong’s bourse late on Monday said the purchase of 75 per cent of Chengdu Wanda Theme Cultural and Tourism Management and…

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Money 

Country Garden shares see-saw amid confusion over Mahathir’s foreign property ownership ban

Shares of Country Garden Holdings, the developer of the biggest private residential township in southern Malaysia, see-sawed in Monday trading amid confusion over comments by the country’s prime minister about letting foreigners buy property in the Forest City project. The project, located on four artificial islands near Singapore, is being built by the Foshan-based Chinese developer, and has been sold predominantly to Chinese investors who have been enticed to the project by long-stay, non-permanent visas that buyers can apply for. “One thing is certain, that the city that is going…

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