US may blacklist China's Ant Group

US may blacklist China's Ant Group

The US State Department has submitted a proposal for the Trump administration to add China's Ant Group to a trade blacklist, according to two people familiar with the matter, before the financial technology firm is slated to go public. It was not immediately clear when the US government agencies that ...

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G20 to extend debt freeze for poorest nations despite wrangling

G20 to extend debt freeze for poorest nations despite wrangling

The G20 group of major economies is poised to extend a multi-billion-dollar debt freeze for the world's poorest countries to help them weather the coronavirus crisis, and may adopt a common approach to dealing with longer-term debt restructurings. Finance ministers and central bankers from China, the United States and other ...

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China threatens rare earths blacklist as trade war expands

China threatens rare earth blacklist as trade war expands

(ATF) China has threatened to create a rare earths blacklist as its trade war with the United States deteriorates. This means that if foreign companies are seen as to harm China's interests, or have links with related parties that harm China's interests, then Beijing will restrict or simply prohibit their ...

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US-Vietnam currency manipulation tension outweighed by geopolitics

US-Vietnam currency manipulation tension outweighed by geopolitics

(ATF) Amid improved bilateral relations and a fledgling friendship between former adversaries the US and Vietnam, a stubborn wrinkle has yet to be ironed out – one that could cause major complications as the two sides agree and forge ahead in cooperation on a number of other issues. On late ...

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Investors eye discount US healthcare stocks as Biden's lead grows

Investors eye discount US healthcare stocks as Biden's lead grows

NEW YORK: Investors are looking for bargains among healthcare stocks, even as prospect of a Democratic 'Blue Sweep' in next month’s elections threatens more volatility for a sector already trading near a historical discount to the broader market. A victory by former Vice President Joe Biden over President Donald Trump ...

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Trump sanctions 18 major Iranian banks 

Trump sanctions 18 major Iranian banks 

The Trump administration has imposed sweeping sanctions on Iran's banking sector, taking a major new step to cripple the arch-rival's already struggling economy in the weeks ahead of US elections. The Treasury Department said on Thursday it was designating 18 major Iranian banks, a move that could largely cut off ...

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HSBC targets net zero emissions and $1 trillion green financing

HSBC targets net zero emissions and $1 trillion green financing

LONDON: HSBC will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion in financing to help clients make the transition, its Chief Executive Noel Quinn has said. In the strongest statement by Europe's biggest bank on ...

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