China’s commerce ministry said on Thursday Beijing will not yield to any “maximum pressure” from Washington, and any attempt by the United States to force China into accepting a trade deal will fail.
— Read on www.reuters.com/article/us-usa-trade-china/china-says-wont-yield-to-any-u-s-pressure-over-trade-idUSKCN1TE0WJ
Is bitcoin growing up? Regulated futures boom as investors seek a safer ride – Reuters
When bitcoin was born it was a symbol of counterculture, a rebel currency with near-anonymity and a lack of regulation. A decade later, there are growing signs it’s entering the establishment its creators sought to subvert.
— Read on www.reuters.com/article/us-crypto-currencies-futures-analysis/is-bitcoin-growing-up-regulated-futures-boom-as-investors-seek-a-safer-ride-idUSKCN1TE0IB
ECB Could Increase Stimulus Again If Needed, Villeroy Says
If the economy slams on the brakes, we could do more,” the Bank of France governor said Wednesday on television station CNEWS. Villeroy’s comments echo his colleagues at the ECB after a meeting last week when the central bank pledged to keep interest rates at record lows for longer and discussed reactivating
— Read on ca.finance.yahoo.com/news/ecb-could-increase-stimulus-again-073057169.html
Who is the richest family in the world?
There are many ways to get rich but the easiest is to be born into a wealthy family. Who are the people who came into this world with the shiniest of silver spoons in the mouth? Here are some of the world’s richest families.
— Read on www.msn.com/en-ca/money/topstories/who-is-the-richest-family-in-the-world/ss-AACcBJJ
Delinquency rates rise in Canada as consumers add more debt: Equifax – BNN Bloomberg
Delinquency rates rise in Canada as consumers add more debt: Equifax – BNN Bloomberg
— Read on www.bnnbloomberg.ca/delinquency-rates-rise-in-canada-as-consumers-add-more-debt-equifax-1.1271422
US Deputy Energy Secretary Dan Brouillette on US oil and natural gas
The U.S. will maintain its oil production — or even ramp it up higher — despite low energy prices and slowing economic growth, Deputy Energy Secretary Dan Brouillette said Wednesday.
— Read on www.cnbc.com/2019/06/12/us-deputy-energy-secretary-dan-brouillette-on-us-oil-and-natural-gas.html
China inflation: May PPI, CPI as US tariffs hit, food prices spike
China’s inflation rose to a 15-month high in May, as food prices spiked, the National Bureau of Statistics data showed on Wednesday.
— Read on www.cnbc.com/2019/06/12/china-inflation-may-ppi-cpi-as-us-tariffs-hit-food-prices-spike.html
China’s loans causing ‘hidden’ debt, risk to economies
China’s lending to other countries, often shrouded in secrecy, is thought to be higher than the amounts that are officially tracked, resulting in much “hidden debt.” That could spark a worse-than-expected slowdown, among other problems, experts warn.
— Read on www.cnbc.com/2019/06/12/chinas-loans-causing-hidden-debt-risk-to-economies.html
Tens of thousands of protesters force delay in Hong Kong extradition bill debate – Reuters
Tens of thousands of Hong Kong demonstrators surrounded the Chinese-ruled city’s legislature on Wednesday, forcing it to postpone a second round of debate on an extradition bill that would allow people to be sent to mainland China for trial.
— Read on www.reuters.com/article/us-hongkong-extradition/tens-of-thousands-of-protesters-force-delay-in-hong-kong-extradition-bill-debate-idUSKCN1TC1WR
Saving the Planet With Electric Cars Means Strangling This Desert – Bloomberg
Mining lithium and copper to supply the battery boom and fight climate change is wrecking a fragile ecosystem in Chile.
— Read on www.bloomberg.com/news/features/2019-06-11/saving-the-planet-with-electric-cars-means-strangling-this-desert