Nationalists point to China's $1.2 trillion holdings of U.S. government debt as leverage. But Beijing would suffer losses if it sold enough of that to influence U.S. debt financing costs. And there are few other places to store such vast foreign currency reserves. … [Read more...] about China could target US firms, debt if Trump plays hardball
South korean chipmakers
The dam was built to divert the Houay Makchanh, Xe-Namnoy and Xe-Pian rivers into reservoirs that feed into a 410-megawatt power plant that is due to begin operations in 2019. Only 10 percent of the power generated was to be used locally, with 90 percent exported to Thailand. … [Read more...] about More than 6,600 homeless, many feared dead in Laos dam collapse
North Korea made a sudden announcement of its own Tuesday, declaring joint military drills between the United States and South Korea a "provocation" that could imperil next month's planned summit between its leader Kim Jong Un and Trump. It later expanded on the threat, saying the U.S. must stop pushing for it to abandon its nuclear program. The country's response to exercises the United States called routine could simply reflect unsteadiness within the North Korean government about the talk of denuclearization. But as it moves the goal posts for the summit, there's also the prospect that the regime, watching Trump's engagement with its superpower neighbor, senses weakness and is moving swiftly to capitalize on it: … [Read more...] about The Finance 202: Trump caved to China on ZTE. Now other countries are sensing weakness.
"For a while now there's been an adage in the markets that as long as Apple was doing fine, everyone else would be OK," said Neil Wilson, chief markets analyst at Markets.com. "Therefore, Apple's rare profit warning is a red flag for market watchers. The question is to what extent this is more Apple-specific." … [Read more...] about Stocks Plunge After Apple Sees Slowing iPhone Sales in China
A weak report Thursday on U.S. manufacturing also weighed on the market. The Institute for Supply Management said its index of manufacturing fell to its lowest level in two years, and new orders have fallen sharply since November. Manufacturing is still growing, but at a slower pace than it has recently. … [Read more...] about Stocks Dive After Apple Says iPhone Sales in China Slowed