[ad_1] LONDON (Reuters) – A rout in global markets moderated on Tuesday as China kept the yuan on a tight leash after its landmark drop past 7-per-dollar led the United States to label Beijing a
China’s yuan steadies, but stocks slump as trade war engulfs currency
[ad_1] HONG KONG/SHANGHAI (Reuters) – China’s tumbling yuan steadied on Tuesday as authorities took steps to contain its slide, while stocks tanked after Washington labeled Beijing a currency manipulator in a sharp escalation of Sino-U.S.
Gold firms near six-year peak as trade tensions trigger safe-haven bets
[ad_1] (Reuters) – Gold prices held firm near six-year highs on Tuesday as investors flocked to safety after the United States designated Beijing a currency manipulator, escalating a protracted trade war between the world’s two
Vivendi in talks to sell 10% of Universal Music Group to Tencent
[ad_1] FILE PHOTO: The logo of Universal Music Group (UMG) is seen at a building in Zurich, Switzerland July 25, 2016. REUTERS/Arnd Wiegmann/File Photo – RC1EE289B960 PARIS (Reuters) – French media conglomerate Vivendi (VIV.PA) said
China media says U.S. ‘destroying international order’, after currency-manipulator branding
[ad_1] SHANGHAI/BEIJING (Reuters) – China’s official Communist Party newspaper said on Tuesday that the United States was “deliberately destroying international order”, a day after Washington branded Beijing a currency manipulator in a rapidly escalating trade
Oil prices rise, escalating U.S.-China trade war caps gains
[ad_1] SINGAPORE (Reuters) – Brent crude rose on Tuesday, after earlier falling to its lowest since January, as traders betting on falling prices bought back contracts to lock in profits from recent declines caused by
Jeff Bezos sells Amazon stock worth $2.8 billion last week
[ad_1] Founder, Chairman, CEO and President of Amazon Jeff Bezos gives a thumbs up as he speaks during an event about Blue Origin’s space exploration plans in Washington, U.S., May 9, 2019. REUTERS/Clodagh Kilcoyne/File Photo
With China a ‘manipulator,’ heightened pressure on Fed to ease
[ad_1] SAN FRANCISCO (Reuters) – Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of “simmering” trade tensions, may need to buy more coverage after
Stocks deepen losses as U.S. puts yuan in trade war crosshairs
[ad_1] TOKYO (Reuters) – Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in a rapid escalation of the U.S.-China
U.S. designates China a currency manipulator, escalating trade war
[ad_1] By David Lawder, Andrea Shalal and Andrew Galbraith WASHINGTON/SHANGHAI (Reuters) – A yearlong U.S.-China trade war boiled over on Monday as Washington accused Beijing of manipulating its currency after China let the yuan drop