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‘Pompeo lost his mind’: Chinese diplomat hits back at US attacks on Beijing’s investments in Chile The Chinese ambassador to Santiago called US Secretary of State Mike Pompeo “a hypocrite” after he tried to dissuade the South American nation from dealing with Beijing, as the US and China remain locked in a trade war. Historically, the United States has treated Latin America as its ‘backyard,’ imposing frequent military interventions or sanctions Meanwhile, Belgium’s Center for Cybersecurity investigated Huawei and found no evidence that its equipment presents a spying threat Trends: Chile newsChina newsChina-US newsMike Pompeo
Markets await UK jobs report and German ZEW data - business live Rolling coverage of the latest economic and financial news, including the latest UK unemployment report 3.17am EDT03:17 Lufthansa shares rocked by profits warning Photograph: Paul Hanna/Reuters Ouch! Shares in German airline Lufthansa are sliding, after it posted a shock loss for the last quarter It’s likely to show the jobless rate has stuck at its lowest level in over 40 years at just 3.9%, in the face of relentless Brexit drama
Gold could hit $1,400 by the end of 2019, expert says Gold is poised to move higher later this year, powered by Fed dovishness on interest rates and lingering global uncertainties, the global head of precious metals at financial services firm INTL FCStone told CNBC. Carla Gottgens | Bloomberg | Getty Images Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia, on Thursday, Aug. 9, 2018 Central banks diversifying Huxley is not alone in his view on gold Metals expert Suki Cooper of Standard Chartered said last month she expects bullion prices to move higher this year CNBC's Stephanie Landsman contributed to this report
Chinese businesses in Malaysia watch cautiously as Mahathir, Beijing move ahead on railway Malaysia's relationship with China is under scrutiny in the Southeast Asian country ahead of Prime Minister Mahathir Mohamad's working visit to Beijing in April. He declined to go into detail about those deals that had been affected In fact, Mahathir recently told the South China Morning Post that he would prefer to take sides with China over the U.S. if his country was forced to choose in the trade war The message that this can send is something money cannot buy
Goldman Sachs Cuts Employee Pay By 20% To Avoid Profit Loss Goldman Sachs reported not quite sterling numbers forr its first quarter 2019. While we aspire to bring stronger results, the overall franchise performed well, said Solomon in an earnings call with analysts This move will see more money reallocated to technology rather than boosting employee numbers This reality has led banks to focus more on automation and electronic trading
China LGBT community fears crackdown after Weibo content vanishes For many LGBT Chinese, especially those who live in small, socially conservative places, these online groups can play an important role helping people understand and accept gender identities, advocates say In recent years, thousands of websites, blogs and individual accounts have been shut, while internet platforms have hired legions of censors
Yen sticks close to 2019 lows vs. dollar as trade fears ease Major currencies remained confined to well-trodden ranges on Tuesday, as markets look next to Europe Major currencies remained confined to well-trodden ranges on Tuesday, as markets look next to European and Chinese data for more evidence that the worst may be over for the global economy The euro was steady at $1.1307 after inching up less than a 10th of a percent overnight
Europe car groups face huge profit hit to cut CO2 Forget the global trade war, declining sales or even Brexit the sternest challenge facing Europe’s car industry comes from the exhaust pipes of its vehicles Profits at others will face a hit, with UBS forecasting a 13 per cent drop at VW, 10 per cent at Renault, 9 per cent at Daimler and 7 per cent at BMW
Major currencies tread water ahead of euro zone, China data Major currencies remained confined to well-trodden ranges on Tuesday, as markets... The euro was steady at $1.1307 after inching up less than a tenth of a percent overnight Investors also kept their focus on trade issues, including talks between Japanese Economy Minister Toshimitsu Motegi and U.S. Trade Representative Robert Lighthizer The unwinding of that expectation is happening now Our Standards:The Thomson Reuters Trust Principles
Cannabis companies say they are growing enough pot, they just can’t deliver it Organigram on Monday joined a chorus of companies saying their challenge in supplying the Canadian cannabis market is not growing massive amounts of... With the automation currently running at Organigram’s facilities, Engel said the company is able to produce more than 40,000 pre-rolled joints a day and has produced 2.6 million in total as of Monday We Want to Hear from You Join the conversation Comment