Tag: china

The global pizza chain will sell 3.2% of its shares in DPC Dash through an accelerated bookbuild; it will keep a 3% stake.

Despite a tentative US, China deal, uncertainty around tariffs has increased demand for trade finance products from Asian corporates, as firms look to reroute supply chains, derisk and improve working capital.

The current head of ANZ Papua New Guinea will be based in Shanghai and will report to Simon Ireland, ANZ’s managing director, international.

Zhang Wenjie will return to Citi as the bank’s country officer and banking head for China in July.

The weekend agreement to reduce tariffs to 10% in China and 30% in the US is good news for companies, markets, and the US dollar; however it excludes the de minimis clause.

The so-called ‘BRICS Bridge’ project may have stalled, but efforts to undermine the primacy of the US dollar as the world’s reserve currency have received a boost from an unlikely source; although any path to a true alternative will be long and difficult.

US president Donald Trump has ordered a 90-day pause on retaliatory tariffs above the 10% already imposed, except for Chinese goods, with tariffs now at 125% after China retaliated; the EU has also retaliated. Trump may have been fearful over the impact on the US bond market.

The window left for negotiation remains key for the market to understand the impact of tariff policies, according to experts speaking at HSBC’s summit in Hong Kong this week; overnight the White House has announced 25% tariffs on cars from April 3 and car parts from May 3.

Retail sales and industrial output have beaten expectations for January and February, as China's leadership eyes 5% GDP growth again; meanwhile global suppliers are showing optimism for the year ahead, according to a survey.

US president Donald Trump appears to be moving ahead with tariffs on Canadian and Mexican goods, and additional tariffs on China. China has since placed retaliatory tariffs on many US products including soybeans, chicken and dairy products, of up to 15%.

US president Donald Trump has also u-turned on the removal of the "de minimis" clause for tariff free goods worth below $800; the Hongkong Post is now restarting deliveries after suspending them seeking clarifications; meanwhile China is keeping the yuan at a stable rate against the US dollar.

US president Donald Trump has issued executive orders to place 25% tariffs on Mexican and Canadian imports and 10% on Chinese goods; the tariffs begin February 4, although the Mexican and Canadian tariffs have been delayed for a month; China has now retaliated.