The People’s Republic of China decided to impose trade sanctions against Taiwan – as it had done against Australia – and targeted the island’s industrial sector, which enjoys political independence despite being a part of China. The General Administration of Customs of China suddenly announced the suspension of imports of …

Taiwan’s Ministry of Defense said in a statement Tuesday that it is fully aware of the military exercises of China’s forces near the island’s coast, and that Taiwan is determined, capable and confident in its capabilities to protect its territory in case of emergency or any threats. This comes after …

Oil prices fell on Tuesday as investors digested a bleak outlook for global fuel demand after data pointing to a global slowdown in the manufacturing sector. In contrast, OPEC+ oil producers meet this week to decide whether to increase supplies. Surveys on Monday revealed that factories across the United States, …

Gold gave up early gains to trade flat on Tuesday as the US dollar rose, lower Treasury yields and growing recession fears kept the yellow metal near its four-week peak. And gold settled in spot transactions at about 1771.29 dollars an ounce by 0843 GMT, after hitting its highest level …

European shares fell on Tuesday, August 2 after weak global factory data reinforced fears of an economic slowdown, while markets were nervous ahead of US House Speaker Nancy Pelosi’s upcoming visit to Taiwan. By 7:08 GMT, the pan-European Stoxx 600 index was down 0.6%. Three sources said Pelosi was expected …

Japanese stocks closed lower on Tuesday as tensions escalated between Beijing and Washington ahead of a possible visit by US House Speaker Nancy Pelosi to Taiwan on Tuesday. At the same time, the yen’s rally against the dollar fueled a sell-off in exporters’ shares. The Nikkei index fell 1.42 percent …

Check Point Software on Monday reported second-quarter earnings that beat analyst expectations and revenue that beat expectations. Check Point Software reported earnings per share of $1.64 on revenue of $571.1 million. Check Point Software shares are up 6% from the start of the year, still down 16.72% from a 52-week …

China led Asian market losses on Tuesday, August 2nd, amid geopolitical tensions in the region due to a supposed visit of US House Speaker Nancy Pelosi to Taiwan. The Shanghai Composite Index fell 1.55% and the Japanese Shenzhen Index decreased by 1.48% at the close of trading The Hang Seng …

Oil, Crude, trading

The British pound fell against its Japanese rival significantly, at the beginning of this week’s trading, within the expected negative outlook during the previous analysis, touching the first awaited target at the price of 160.40, recording its lowest level at 160.03. Technically, the bearish trend is still dominating the pair’s …