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Is the U.S. desperately trying to make China happier after trips to Taiwan?

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Another big-name U.S. official is heading to China. First, it was Secretary of State Antony Blinken a few weeks ago, now Treasury Secretary Janet Yellen will be making the trip

 
U.S. Treasury Secretary Janet Yellen will be visiting Beijing from July 6-9 to meet with senior Chinese officials on a range of issues, including U.S. concerns over China’s counterespionage laws.

Her’s is the second trip of a high-ranking U.S. official in a matter of weeks, following Secretary of State Antony Blinken’s trip just weeks ago.

These two trips stand in contrast to the recent diplomatic norm where U.S. officials would be more likely to visit Taiwan, the self-proclaimed independent nation state off the coast of China.

Speaker of the house Kevin McCarthy visited the territory earlier this year, and his predecessor Nancy Pelosi did so in 2022.

Both visits brought strong condemnation from the Chinese government, and Blinken and Yellen’s trips may reflect a change in tactic by Washington to ease tensions between the two countries.

Tensions which have only grown in recent years, in no small part due to China’s stance on Taiwan, which China rejects its claims of independence, regarding it as a rebellious part of the larger country.

Business leaders such as Bill Gates and Elon Musk have also begun making the trip to China as well in recent months.

Bruce Wolpe of the U.S. Studies Centre said Yellen’s trip was part of President Biden’s push to stabilise relations between the two countries as he would not want to inadvertently escalate into a military conflict through poor communication.

He also said it would be a good opportunity for Yellen to gauge the strength of China’s economy, which has slowed ever since battling to contain the Covid-19 pandemic.

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Markets brace for pivotal week following renewed US-China trade talks

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.

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Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.


Global markets prepare for a critical week as US–China trade talks, major earnings, and inflation data could shift investor sentiment and central bank expectations.

Kyle Rodda from Capital.com breaks down the key risks and opportunities.

#GlobalMarkets #USChinaTrade #Inflation #EarningsSeason #Investing #FederalReserve #AUD #Tesla #Netflix #MarketUpdate


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Global markets steady ahead of CPI

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.

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Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.


Global equities remain resilient, with Wall Street, Europe, and Asia near record highs as investors eye Friday’s US CPI data to gauge central bank moves.

Market watchers note cautious optimism amid ongoing volatility.

#GlobalMarkets #CPI #WallStreet #Equities #Investing #CentralBanks #RBA #Fed #USMarkets #MarketUpdate


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US sanctions Russia’s top oil giants

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.

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US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.


The US has imposed new sanctions on Rosneft and Lukoil, aligning with Europe to pressure Moscow amid rising oil prices and global market tensions.

Analysts warn the real impact will hinge on enforcement and international response.

#Russia #USSanctions #Rosneft #Lukoil #OilMarkets #Geopolitics #EnergyCrisis #DonaldTrump #EU #GlobalTrade #Moscow


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