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Investors can hide out in domestic stocks from the China trade war

As the U.S.-China trade war continues to heat up, investors might want to hide in companies with 100% domestic sales, Goldman says.

5 years ago

This will be Wall Street's new obsession as the trade war intensifies

Traders will take their cues from China's central bank and where it sets the midpoint for the yuan as U.S.-China tensions increase.

5 years ago

Air China to suspend Beijing-Hawaii route flights from August 27

Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China's flagship carrier said on Tuesday, as travel demand remains weak amid an escalating U.S.-China trade war.



5 years ago

Luxury department store Barneys files bankruptcy: NYT

U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy protection to restructure its business and pursue a sale, the New York Times reported on Tuesday.



5 years ago

Stock losses deepen as U.S. puts yuan in crosshairs

Global stocks extended already substantial losses on Tuesday, after Washington designated Beijing a currency manipulator and further rattled fragile investor sentiment in a rapid escalation of the U.S.-China trade war.



5 years ago

Some Wall Street workers face pay slump in 2019: report

Many Wall Street workers will see their pay stay flat or decline this year, as big banks and money managers continue to cut costs, according to a report on Tuesday by compensation consultancy Johnson Associates.



5 years ago

Stocks rout deepens as U.S. sets crosshairs on yuan

Global stocks extended already substantial losses on Tuesday, after Washington tagged China a currency manipulator, shaking fragile investor sentiment in a rapid escalation of the U.S.-China trade war.



5 years ago

Luxury department store Barneys files for bankruptcy: New York Times

U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy protection to restructure its business and pursue a sale, the New York Times reported early on Tuesday.



5 years ago

China media says U.S. 'destroying international order', after currency-manipulator branding

China's official Communist Party newspaper said on Tuesday that the United States was "deliberately destroying international order", a day after Washington branded Beijing a currency manipulator in a rapidly escalating trade dispute.



5 years ago

Vivendi in talks to sell 10% of Universal Music Group to Tencent

Vivendi is in talks to sell a 10% stake in its prized and lucrative Universal Music Group (UMG) to Chinese tech group Tencent , the French media conglomerate said on Tuesday.



5 years ago

Air China to suspend Beijing-Hawaii flights amid weak travel demand

Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China's flagship carrier said on Tuesday, as travel demand remains weak amid an escalating U.S.-China trade war.



5 years ago

Luxury department store Barneys files for bankruptcy protection

U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy on Tuesday and put itself up for sale after facing soaring rents and failing in its earlier attempts to find a buyer for the cash-strapped retailer.



5 years ago

More flexible yuan could be positive for China's credit rating: Fitch

A freer-floating yuan could be a positive for China’s sovereign credit rating, agency Fitch said on Tuesday, by helping preserve its foreign exchange reserves and cushioning some of the negative effects of U.S. trade tariffs.



5 years ago

China firmly opposes currency manipulator label: PBOC

China firmly opposes a U.S. decision to label it a currency manipulator, its central bank said on Tuesday, adding that Beijing has not used and will not use the yuan to cope with trade frictions with the world's biggest economy.



5 years ago

Exclusive: India raises cost of refinery project with Aramco by 36% - sources

India has increased the cost estimate of a giant refinery and petrochemical project to be jointly built with Saudi Aramco and Abu Dhabi National Oil Co by more than 36%, after protests by farmers forced the relocation of the plant, four sources said.



5 years ago