Major stock markets diverged, the dollar gained and bitcoin extended a record run higher Monday, as traders took their lead from events in the United States and China.Chinese stock markets closed mixed and oil prices slid after China’s latest plans to stimulate its economy fell short of expectations.Europe saw solid gains around midday, tracking events …
China’s largest online shopping bonanza wraps up on Monday, with analysts and investors watching for signs that consumption is rebounding in the world’s second-largest economy after recent efforts by Beijing to boost activity.”Singles Day” — launched by tech giant Alibaba in 2009 — has ballooned into an annual blockbuster period for retail, with days of …
China’s ‘Singles Day’ shopping spree in spotlight as spending flags Read More »
China said Monday it will impose “temporary anti-dumping measures” on brandy imported from the European Union, deepening a trade standoff between Beijing and Brussels after similar measures last month.China announced provisional tariffs on EU brandy imports last month, saying the alleged “dumping” threatened “substantial damage” to the domestic industry.And Beijing’s commerce ministry said in a …
China says to impose anti-dumping measures on EU brandy Read More »
Most Asian markets fell Monday after China’s keenly awaited plans to support the world’s number two economy fell short of expectations, while traders were also keeping tabs on Washington as Donald Trump puts his cabinet together after last week’s election win.Stocks rallied last week on hopes that a second Trump administration — supported by a …
Asian stocks struggle as China support plan falls flat, bitcoin hits record Read More »
