Tag Archives: China

US House Speaker Nancy Pelosi landed in Taiwan Tuesday evening, marking a significant show of support for Taiwan despite China’s threats of retaliation over the visit. Pelosi’s stop in Taipei is the first time a US House speaker has visited Taiwan in 25 years. Her trip comes at a low …

Starbucks on Tuesday reported better-than-expected quarterly earnings and revenue, despite lockdowns in China Here’s what the company reported for the quarter ended July 3 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Here’s what the company reported for the quarter ended July 3 …

Risk-aversion came back benefitting the US dollar that is widely considered as a safe haven. US-Sino tensions arose on the arrival of US House Speaker Nancy Pelosi to Taiwan. Pelosi supports the local government against China’s will.Crude oil prices, on the other hand, recovered some ground and the barrel of …

Starbucks on Tuesday reported better-than-expected quarterly earnings and revenue, despite lockdowns in China weighing on its performance.Shares of Starbucks have fallen 27% this year, dragging its market value down to $98.37 billion. The coffee giant suspended its fiscal 2022 outlook last quarter, citing the uncertainty caused by Covid lockdowns in …

The Euro struggled near 1.0300 and tumbled below 1.0200 before regaining the price level. Prevalent risk aversion keeps traders’ flows into safe-haven peers, including the US dollar.The EUR/USD pair failed to hold above 1.0200, ane could even dive towards 1.0100; otherwise, a rally to 1.0300 is also probable.The Euro remains …

In response to US House of Representatives Speaker Nancy Pelosi’s arrival in Taiwan, China’s Foreign Ministry said that Pelosi’s visit seriously violated China’s sovereignty and territorial integrity, as reported by Reuters.As for the market’s reaction, these comments don’t have an immediate significant impact on risk perception. As of writing, the …

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 …

The White House said on Monday it expected China in coming days to escalate its response to a potential visit by US House of Representatives Speaker Nancy Pelosi to Taiwan and said the United States would not be intimidated. The US dollar edged lower on Monday, although the slide pared …

The White House said on Monday it expected China in coming days to escalate its response to a potential visit by US House of Representatives Speaker Nancy Pelosi to Taiwan and said the United States would not be intimidated.China’s actions could include firing missiles near Taiwan, large-scale air or naval …