sanctions


Markets this week: Political tensions, PMI numbers

Markets this week: Political tensions, PMI numbers

ECONOMIC EVENTSFinancial markets this week will be on edge after Beijing reacted to sanctions imposed by the United States, European Union, Britain and Canada for what they say are human rights violations in Xinjiang region.In another reflection of the US-China tensions, US-listed shares of China-based Baidu Inc and Tencent Music …

Continue reading

Canada puts up barriers to Chinese mineral company acquisitions

Canada puts up barriers to Chinese mineral company acquisitions

(ATF) Canada has tightened foreign investment rules to protect the security of critical mineral supply chains, in a further blow to Chinese companies as relations between the two countries continue to sink.A government spokesperson said on Thursday that the move was made ahead of an expected surge in demand for …

Continue reading

US to impose sanctions on Myanmar military conglomerates: sources

US to impose sanctions on Myanmar military conglomerates: sources

(ATF) The United States is planning to impose sanctions on two large conglomerates controlled by Myanmar's military for the February 1 coup that deposed Aung San Suu Kyi and the deadly crackdown on unarmed civilian protesters, sources have revealed in the US.The move by the US Treasury to blacklist Myanmar …

Continue reading

China opens Central Financial Court in Beijing

China opens Central Financial Court in Beijing

(ATF) China moved this week to set up a financial court in Beijing, after about two dozen judges were appointed by the city legislature last week. The new court is the second of its kind in China – it comes after the Shanghai Financial Court, which was set up in …

Continue reading

Top Glove set to grab momentum of Covid boom for $1.9bn listing 

Top Glove advised to grab momentum of Covid sales boom for $1.9bn listing 

Malaysian rubber glove manufacturer Top Glove is hoping to ride the wave of its Covid-fuelled sales boom for its $1.9 billion Hong Kong listing before US sanctions and vaccinations make the deal possibly less attractive.Observers say the unknown pace of nation’s vaccination programmes mean the world's largest medical gloves maker …

Continue reading

Australian farmers in $28 billion cry for help over China's tariffs

Australian farmers in $28 billion cry for help over China's tarif

(ATF) Australian farmers claim the trade war with China and the Covid-19 pandemic will cost them nearly $30 billion this decade, as they implored the government to help them survive one of their most challenging years.In a pre-budget submission announced on February 5, the country's National Farmers Federation said the …

Continue reading

China grabs French and Canadian barley as pig herd grows again

China grabs French and Canadian barley as pig herd grows again

(ATF) China is scooping up millions of tonnes of barley from France and Canada that have yet to be harvested, as its appetite for animal feed grain spills over into orders for next year's crop.Chinese buying has contributed to higher prices for key crops and to food inflation worldwide as …

Continue reading

Biden delay on China military-linked firms leaves US investors in limbo

Biden delay on China military-linked firms leaves US investors in limbo

(ATF) The US administration’s delay of some restrictions on investments in companies linked to the Chinese military has left American investors in limbo.In the final weeks of Donald Trump's presidency, US-China relations plumbed new lows, with his executive order banning investments in companies his administration said were linked to Chinese …

Continue reading

Huawei founder praises US tech in first words since Biden took over 

Huawei founder praises US tech in first words since Biden took over 

The United States remains a "beacon of technology" to be emulated and Huawei Technology should consider cutting products in the wake of US actions against it, the Chinese firm's founder Ren Zhengfei has said.Ren's comments, in a letter to staff last year, were shared for the first time on a …

Continue reading

Biden slams China's move to put sanctions on ex-Trump officials

Biden slams China's move to put sanctions on ex-Trump officials

(ATF) The new US administration called China's move to sanction 28 former Trump administration officials just as Joe Biden was sworn in “unproductive and cynical”. Beijing’s Foreign ministry announced on January 20 it had imposed sanctions against the “lying and cheating" outgoing Secretary of State, Mike Pompeo, and other former …

Continue reading