South China Morning Post (May 26)
“China will not support using more sanctions to further pressure North Korea into halting its nuclear weapons programme.” Amid North Korea’s “continuous testing of ballistic missiles,” China’s reluctance “is setting up a clash with US President Donald Trump over economic issues that the US cannot win.”
Tags: Ballistic missiles, China, Clash, North Korea, Nuclear weapons, Pressure, Sanctions, Testing, U.S.
Fund Strategy (May 25)
Fee pressures are clearly being felt in the European fund market. Amid the rush to cap fees, “nearly 80 per cent of fund managers subsidise funds’ expenses, 19 per cent of the recorded subsidies also exceeds funds management fees.”
Tags: Europe, Expenses, fee caps, Fee pressures, Fund market, Management fees, Subsidies