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Daily Archives: July 17, 2017

China Blocks Big Banks From Lending to Dalian Wanda, By Lingling Wei and Wayne Ma

Banks unable to loan company money for several deals, as China tightens control on foreign investment WSJ-BEIJING—Chinese regulators have ordered the nation’s big banks to put the brakes on loans to Dalian Wanda Group, the giant property and entertainment company owned by billionaire Wang Jianlin. Chinese banking regulators met with …

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Global Trade’s Evolution May Check Trump’s Protectionism, by Bob Davis

President’s approach differs from predecessors, who praised free trade but pushed protective measures WSJ-President Donald Trump has looked to make protectionism respectable again, citing Abraham Lincoln’s embrace of tariffs, pulling the U.S. out of a Pacific trade pact and preparing tariffs on steel imports. But changes in the international economy …

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Announcement: Moody’s: Taiwan’s high income levels support the credit profile; geopolitical tensions, narrow export base pose key challenges

Moody’s Investors Service says that Taiwan’s (Aa3 stable) credit profile is supported by the sovereign’s high income levels, competitive infrastructure framework, and very strong institutions. Debt levels are modest, and fiscal discipline is well anchored, although the government’s revenue base is relatively narrow. However, key credit challenges stem from underlying …

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FxWirePro: Aussie bulls ignore upbeat China data dump, edge lower from multi-month highs at 0.7834

  Aussie bulls fail to benefit from upbeat China data, AUD/USD slips from multi-month peaks at 0.7834. Data on Friday showed US headline CPI unchanged on a monthly basis and yearly rate sliding further below the Fed’s 2.0% medium-term range. Adding to disappointing inflation figures, monthly retail sales data contracted …

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Fed dilemma deepens, China’s expansion, downfall of a Communist Party star: 5 things to know today in Asia

The Fed’s inflation dilemma gets deeper, Trump set to revamp his Russia response teams, health-care vote delayed by surgery for Senator John McCain and China expected to report steady economic expansion. Reflation Deflated The U.S. consumer price index was little changed in June, signaling inflation may take even longer to reach the Federal Reserve’s …

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