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Finance and Economy

China Hits Back – New Tariffs On $75 Billion Of U.S. Goods, Tariff On Cars Would Be As High As 50%

China has made good on its promise to retaliate against President Donald Trump’s latest 10% tariff on US$300 billion worth of Chinese goods. On Friday (August 23), the Chinese State Council announced it decided to slap tariffs ranging from 5% to 10% on US$75 billion U.S. goods in two batches – effective on Sept. 1 […]

... written on Aug 24 2019

SRC Trial – Here’re 10 Points Any First Year Law Student Can Use To Nail Najib & Send The Crook To Jail

Malaysian Anti-Corruption Commission (MACC) revealed on Thursday (August 22) that only former Prime Minister Najib Razak had an interest in the misappropriation SRC International Sdn Bhd’s funds. His partner-in-crime Jho Low (full name: Low Taek Jho), meanwhile, has no interest at all. However, defence lawyer Harvinderjit Singh was not happy with the MACC’s testimony.   […]

... written on Aug 23 2019

Trump Throws A Tantrum – Cancels Visit After Denmark Laughs At His Idea Of Selling Greenland To The U.S.

Donald Trump and First Lady Melania Trump were formally invited to Denmark by Queen Margrethe II in July and both had accepted the invitation. According to the White House, the U.S. president had been expected to participate in a series of bilateral meetings and meet with business leaders in the 2-day state visit to Copenhagen […]

... written on Aug 22 2019

Oops!! President Trump Accidentally Admits That Americans Pay For His Tariffs On China

Whenever Donald Trump talks to his supporters, he would claim credit in his trade war with China. He repeatedly declared that his import tariffs on Chinese goods would force China to pay “US$100 billion” to the U.S. Treasury. The Chinese, not the Americans, was footing the bill for the tariffs he introduced to punish China, […]

... written on Aug 21 2019

Here’s Why New Tariffs Will Hit Consumer Goods In The U.S. – Even After Trump Stunningly Postponed It

President Trump may have scaled back tariffs on Chinese goods this week to spare holiday shoppers, but consumers are still likely to feel a pinch. He announced a new round of 10% tariff on US$300 billion worth of Chinese imports, the remaining goods yet to be taxed, and even promised to raise the tax from 10% to […]

... written on Aug 18 2019

It’s Not Over Yet – Promised To Take The Necessary Countermeasure, China Could Target The U.S. Oil

Stocks dropped like a rock on Wednesday (August 14) when the DJIA (Dow Jones Industrial Average) plunged 800.49 points – worst percentage drop of the year. What happened? Apparently the bond market flashed warning of recession. The yield of 10-year Treasury note broke below the 2-year rate – a rare but reliable indicator of economic […]

... written on Aug 16 2019

Trump Blinked Again – Postponed Tariffs On $300 Billion Chinese Goods Under The Pretext Of Saving Christmas

Earlier this month, when President Donald Trump announced a new round of 10% tariffs on US$300 billion worth of Chinese imports, the remaining goods yet to be taxed, Beijing was not convinced that the U.S. would escape from the escalated trade war unscathed. Trump also overplayed his hand in the poker game when he threatened […]

... written on Aug 14 2019

Singapore Cuts Economic Growth To Almost 0% – Here’s Why Everyone Should Be Worried

Singapore has a piece of very bad news for not only its own people, but also the region, if not the world. The small island’s economy almost came to a standstill in the second quarter, thanks largely to the US-China trade war, which has gotten worse after China retaliated against Trump’s 10% new tariff on […]

... written on Aug 13 2019

Careful What You Wish For – Zakir Naik Attacks China & Instigates Muslim World To Fight The Asia Superpower

Zakir Naik, the controversial Indian Islamic preacher accused of spreading hate speech, laundering money, and funding terrorism by the Indian government has launched what appears to be a stinging attack against China. His attack is so damaging to the Malaysia-China bilateral ties that not even Prime Minister Mahathir Mohamad had dared do it.   Speaking […]

... written on Aug 12 2019

China Gets Aggressive!! – Sets Yuan On Fire Of 7.0039 And Is Prepared For An Economic Slowdown To Beat Trump

Every night at 9 p.m. ET, the People’s Bank of China (PBOC) fixes a level at which the Yuan (Renminbi) will trade against the U.S. dollar within China. On Wednesday, the central bank sets the Yuan midpoint at 6.9996 per dollar. But by Thursday, it crossed the red line and breached the 7 level – […]

... written on Aug 08 2019









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