Stocks Plunge 3% in Worst Loss of Year as Trade War Escalates
Aug 5, 2019 Rattled U.S. investors react to China letting its currency, the yuan, drop to its lowest level against the dollar in more than a decade.
China’s Maneuver in Oil Market Defies Trump’s Boycott of Iran
Sep 2, 2018 The Shanghai futures market is trading in the Chinese currency, the yuan, rather than in dollars. The move will allow China to buy Iranian crude till the cows come home, evading U.S. sanctions.Trump Dials Up Tariff Threat on China
Jul 20, 2018 U.S. markets slide as the president says he's willing to hit every product imported from China with tariffs and again criticizes the Federal Reserve, as well as some of the nation's biggest trading partners.
‘Collusion: How Central Bankers Rigged the World’
Apr 30, 2018 The 2007-2008 financial crisis triggered a massive shift in the global order.
Robots Take Over for 60,000 Fired Foxconn Factory Workers
May 27, 2016 The Apple and Samsung supplier played down the job-loss aspect of the story by making it sound as though employees had been liberated to do less menial work.
Nations Scramble to Compete in ‘Currency War’ as China’s Yuan Falls to 5-Year Low
Jan 7, 2016 China, Europe and Japan are driving down the value of their currencies in order to make their exports more attractive on the global market, leaving millions of workers in associated industries “protected or vulnerable, depending on which side they find themselves,” writes Guardian economics correspondent Phillip Inman.
Weekend Market Turmoil an Outcome of Nations’ Failure to Cooperate on Change in Economic Policy
Aug 24, 2015 Although they ended with still more losses, U.S. stock markets recovered partly Monday after a plummet to dramatic lows fueled by fears of a collapse in the Chinese economy. The shock experienced in recent days was predictable, writes Guardian economics editor Larry Elliot.
Nearly $1 Trillion Left Emerging Markets in Single Year in ‘Capital Flight’ Phenomenon
Aug 21, 2015 Reports that huge sums of investment money have flowed out of countries with emerging markets suggest that countries once billed as "stars of the post-crash economy are now waning."
