China Warns of WAR With US Amid Coronavirus Backlash

Internal memo says China should prepare for “worst case scenario” of “armed conflict” with USA, according to Reuters A leaked Chinese memo recommends the country prepare for a “worst-case” scenario of “armed confrontation” with the United States amid global backlash over the coronavirus pandemic, according to Reuters. Chinese...

Share:

Read More

Yuan Crashes After Trump Weighs Blocking Retirement Fund Access To Chinese Stocks As War Of Words Escalates

Having tumbled yesterday on the first set of headlines reporting on the Trump administration's plans to seek 'COVID reparations' amid accusations of Chinese 'meddling' in the US election (obviously not in favor of Trump), the Chinese yuan legged dramatically lower in this evening's illiquid session which sees most of Asia...

Share:

Read More

Ceasefire: US, China Trade Talks "Back On Track" After Trump Folds On Huawei

The "worst case" trade war scenario was avoided in Osaka on Saturday when Trump agreed to restart trade talks with Xi, holding off new tariffs on Chinese exports, and signaling a pause in the trade hostilities between the world’s two largest economies; Trump added that while existing tariffs would remain in place the US president...

Share:

Read More

Russia Warns US Intervention In Venezuela Would Have "Catastrophic Consequences"

Russia has dismissed the political crisis engulfing Venezuela as an attempted coup while expressing concern over the role of external states and the potential for foreign military intervention, calling Juan Guaido's move to declare himself president illegal. Kremlin Spokesman Dmitry Peskov said Thursday, “We are...

Share:

Read More

US Places 33 Alleged Russian Spies And Military Officials On Sanctions Blacklist

Secretary of State Mike Pompeo has authorized the addition of 33 alleged Russian spies, defense and intelligence officials to the US sanctions list. The blacklisting took place following an executive order from President Trump authorizing Steven Mnuchin, in consultation with Pompeo, to employ all powers granted to the President...

Share:

Read More

Trump To Make "China Trade Announcement" After Market Close

There will be no more delaying the announcement of the $200BN in China tariffs. Moments ago, Trump said that the "China Trade Announcement" which likely refers to the $200BN in second round tariffs, will come after the market close, perhaps so that stocks - which arguably can no longer discount the future - won't be impacted? TRUMP...

Share:

Read More

US, France, and UK In Direct Talks Over Possible Syria Strikes

“That has to be, in the history of propaganda in the 20th and 21st centuries, one of the most outrageous claims that I can think of,” John Bolton stated in response to Moscow's charge that anti-Assad insurgents in Idlib are preparing a chemical false flag in order to hasten a US attack on Damascus, according...

Share:

Read More