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CNBC (May 29)

2018/ 05/ 31 by jd in Global News

“Political uncertainty in Italy has unhinged world markets, raising the specter of a euro crisis that could ripple across the global economy and even force the Federal Reserve to slow its rate-hiking plans.” While odds appear low that Italy will opt out of the single currency bloc, “internal chaos and a new election could make for a rocky summer for markets and even put a dent in European economic growth.”

 

Financial Times (May 28)

2018/ 05/ 30 by jd in Global News

France, the UK, Japan and other “mid-sized powers must unite to preserve world order.” They “must join forces as the US and China become erratic.”

 

Bloomberg (May 27)

2018/ 05/ 29 by jd in Global News

“The great deal maker has yet to make even a decent deal as president; he hasn’t negotiated anything on health care, immigration or infrastructure, and the trade negotiations with China may be a bust.” In Korea, Donald Trump’s “gut instincts” have resulted in a blunder that’s “worse than it looks: Kim Jong Un appears shrewd. China is stronger. And U.S. allies know not to trust Washington.”

 

LA Times (May 26)

2018/ 05/ 28 by jd in Global News

“Up until just a few weeks ago, China was the single largest market for the world’s recyclables. About two-thirds of the yogurt cups, soda bottles and magazines tucked into curbside recycling bins and crushed into bales were loaded onto cargo ships bound for China…where they were remanufactured into shiny new products and shipped back to the U.S.” China precipitated a crisis, when it halted all imports of recyclables in May. “The U.S. and other nations are still scrambling to figure out what to do with the rapidly growing trash bottleneck,” but China has actually done everyone a favor by creating a sense of urgency. “Policymakers and consumers should step up and take the hard but necessary steps to deal with our out-of-control trash-generating culture.”

 

Wall Street Journal (May 25)

2018/ 05/ 27 by jd in Global News

“President Trump wants everyone to know he is a master trade negotiator, but this week his volleys look more like a mess than mastery. His China policy is all over the place, Nafta is in jeopardy, and his new threat to impose a 25% tariff on auto imports undercuts his foreign policy and economic goals.”

 

New York Times (May 25)

2018/ 05/ 26 by jd in Global News

Crown prince Mohammed bin Salman brought new hope that he would drag “his hidebound country into the modern age with a new vision.” Reform, however, is now “in reverse in Saudi Arabia” as the young prince cracks down on those who advocated for women’s right to drive. “It will be impossible for Prince Mohammed to legitimately claim the reformist mantle and achieve his economic goals as long as women are prevented from taking their full and rightful place in Saudi Arabia’s future.

 

Reuters (May 23)

2018/ 05/ 25 by jd in Global News

“Pyongyang’s announcement last week that it might pull out of the meeting should have been less of a surprise. North Korea has spent decades using similar tactics to shape the diplomatic agenda with the South and Washington, raising hopes of a breakthrough—then sparking a crisis and moving the goal posts.”

 

Washington Post (May 22)

2018/ 05/ 24 by jd in Global News

“The Trump administration is supposed to be negotiating with China. But right now it more often seems to be negotiating with itself. China knows what it wants out of these bilateral negotiations; the White House plainly does not…. In short: Over here on Team USA, it’s been amateur hour.”

 

South China Morning Post (May 21)

2018/ 05/ 23 by jd in Global News

“The direction is clear, and the pace is picking up. For investors around the world, the biggest mistake would be to ignore China’s markets and their enormous potential now.” As China’s capital markets continue opening up, “investors—be they European hedge funds, pension funds in Australia, sovereign wealth funds from Asia, or ordinary savers around the world—will need to look at what might be a once-in-a-generation opportunity.” The June 1 inclusion of 200 of the mainland’s large-cap companies into the MSCI alone might “prompt well over half a trillion US dollars to pour into Chinese stocks in the next five to 10 years, as institutional investors adjust index-linked portfolios to MSCI’s change.”

 

Financial Times (May 20)

2018/ 05/ 22 by jd in Global News

“Today, Hong Kong’s future as a global financial centre looks uncertain as the rival Shanghai Stock Exchange grows in size and credibility…. On the face of it, conditions at the HKEX look fine.” Revenues, profits and new listings were all up in 2017. “Yet Hong Kong was only third when it came to money raised in IPOs. Shanghai and New York were ahead by value, while Shanghai and Shenzhen surpassed the number of Hong Kong listings.”

 

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