Corporate and Financial News Update

The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and U.S. President Donald Trump predicting a deal after markets fell in response to new tariffs from both countries. Reuters / Corporate Dispatch

The gloom hanging over the German economy has deepened after a closely watched survey of the country’s business leaders this month found that sentiment had sunk to its lowest level in seven years. Financial Times 

Greek Prime Minister Kyriakos Mitsotakis will make a statement in parliament on Monday on capital controls, a government source said, without providing further details. Reuters

Leading Brazilian companies and trade groups have joined the global outcry over surging wildfires in the Amazon as fears grow that the environmental crisis could hit business. Financial Times 

China’s yuan fell to an 11-year low in the onshore market and a record low offshore on Monday after the latest escalation in the U.S.-China trade war rattled investor confidence. Reuters 

Facebook introduced its vision for a global cryptocurrency called Libra two months ago, and since then, regulators have piled criticism onto the project. They may have their own reasons. CNBC

China aims to modernize its industrial chains and boost self-reliance, state television said on Monday, citing a top-level economic meeting chaired by President Xi Jinping. Reuters 

Ci Consulta 

Discover more from The Dispatch

Subscribe now to keep reading and get access to the full archive.

Continue reading

Verified by MonsterInsights