Merrill: Managers Expect Stock Peak in ‘2019 or Beyond’

Global investors raised their allocation to equities to net 55% overweight in January, a two-year high, according to the latest Bank of America Merrill Lynch fund manager survey. Allocation to bonds fell to a four-year low of net 67% underweight. Investors in January were the most overweight equities relative to government bonds since August 2014, Merrill… Please follow and like us:

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Germany to add China’s yuan to currency reserves

Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalise the currency and helping send the unit to two year highs. The Bundesbank said its board had decided in July to invest in the renminbi, as it is also known, to take account of its… Please follow and like us:

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How Gulf carrier subsidies threaten economic security

Last month, President Trump laid out his foreign policy doctrine in a speech that emphasized economic security as a key piece of America’s national security policy. He called for “trade based on the principles of fairness and reciprocity” and “firm action against unfair trade practices.” The administration has already correctly identified one of the mosLast month, President Trump laid out his foreign policy doctrine in a speech that emphasized economic security as at rampant… Please follow and like us:

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China’s US surplus jumps as trade with world picks up

China’s trade surplus with the United States expanded last year, raising the possibility of fresh blowback from President Donald Trump who has often bashed Beijing over the issue and fanned fears of a trade war. The increase came despite a tumble in China’s global surplus as domestic demand spurred a rally in imports. The figures on… Please follow and like us:

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Rebooting Canada’s failed NAFTA strategy

By Danny Lam, Research Associate Environment & Security, University of Waterloo. Canada’s NAFTA strategy is in big trouble. Prime Minister Justin Trudeau is seen here meeting with U.S. President Donald Trump in the Oval Office of the White House in February 2017. (THE CANADIAN PRESS/Sean Kilpatrick) Canada’s NAFTA strategy is in trouble, to the extent that… Please follow and like us:

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Brexit: will the UK sue the EU?

Brexit minister David Davis has complained in a letter to the prime minister that Brussels is damaging British interests by talking up the threat to companies if the UK leave the EU without a deal. What does the letter say? That Davis has sought legal advice over whether Brussels is breaching Britain’s rights as a member… Please follow and like us:

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FRANCE – CHINA – Open markets, Macron tells China, or risk protectionist backlash

French President Emmanuel Macron focused on trade imbalances on the second day of his state visit to China, offering to open up France to Chinese investment in exchange for greater access to Chinese markets for French companies. Speaking to members of the French and Chinese business community at a start-up incubator, called Soho3Q, in Beijing, Macron… Please follow and like us:

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May to reshuffle govt in new year reboot as Brexit looms

British Prime Minister Theresa May will begin reshuffling her cabinet Monday in a bid to reassert authority after a torrid 2017 in which she lost her working majority and several ministers to scandals. The long-awaited shake-up arrives ahead of another year of potentially bruising battles over Brexit, as talks with the European Union enter a key… Please follow and like us:

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Xi tells Putin he has high hopes for China-Russia ties in 2018

President Xi Jinping said on Sunday he is ready to join Russian President Vladimir Putin in consolidating political and strategic mutual trust and expanding all-around pragmatic cooperation. Xi made the pledge in his New Year greeting message to Putin. In the message, Xi, on behalf of the Chinese government and people, extended his sincere greetings and… Please follow and like us:

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Canada granting US border agents ‘expanded’ powers

Canada has passed new legislation that expands the authority of US customs and border officers working at Canadian airports, a move civil liberties groups say may put the rights of Canadian travellers at risk. Bill C-23, also known as the Preclearance Act of 2016, gives several new powers to US Customs and Border Protection (CBP) officers… Please follow and like us:

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Ireland and Brexit: Five things you need to know

Outside of the UK, the Republic of Ireland is the country that will be most affected by Britain’s exit from the European Union, or Brexit. The UK is the second biggest customer for Irish exports, while Ireland, an EU member state, is the only country to share a land border with Britain. The border between the… Please follow and like us:

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US, EU should fulfill WTO vow to fruits of partnership

The European Union should have recognized China as a market economy one year ago because, as one of the members of the World Trade Organization, it had agreed to a “sunset clause” in 2001, when China joined the WTO, that it would stop using the “surrogate country” approach when calculating anti-dumping measures against Chinese imports by… Please follow and like us:

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The Bitcoin Bubble – How We Know It Will Burst

In the last year, the price of Bitcoin has increased from less than US$800 to more than US$12,000. This huge spike in value has many asking if it is a bubble or if the high price today is here to stay. Finance defines a bubble as a situation where the price of an asset diverges systematically… Please follow and like us:

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Why the US rejection of China’s market economy status is wrong

BEIJING — The United States is throwing cold water on the growing geniality of trade relations between itself and China with its rebuke of the latter’s bid for recognition as a market economy in the World Trade Organization (WTO). The US government recently formally opposed to China’s bid, citing decades of legal precedent and what it… Please follow and like us:

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Elites lie, Americans die

Washington knew free trade was harmful to Americans’ health. Everything you’ve been taught was wrong. The elites have been peddling lies. You don’t have to take my word for it – a Harvard economist says so. And we all know if someone from Harvard says it, it must be true. Dani Rodrik, professor of International Political… Please follow and like us:

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