U.S

China Tech Firms Will Face ‘Dire Consequences’ For Complying With US Ban

China Tech Firms Will Face ‘Dire Consequences’ For Complying With US Ban
China Tech Firms Will Face ‘Dire Consequences’ For Complying With US Ban
June 10, 2019  |  Cross-border Payments

China has sent out a warning to several tech companies promising “dire consequences” if they comply with the U.S. ban on Huawei. Get the Full...

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Trade War Casualty: Chinese Tourism — And Businesses Serving Tourists
Trade War Casualty: Chinese Tourism — And Businesses Serving Tourists
June 07, 2019  |  Economy

Trade wars are wars where injuries accrue cut by cut, tariff by tariff, slices taken off the top of GDP. But getting a bit granular,...

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Huawei Ban Could Cost Europe $62B Extra For 5G Rollout
Huawei Ban Could Cost Europe $62B Extra For 5G Rollout
June 07, 2019  |  Cross-border Payments

A ban on purchasing telecom equipment from Chinese companies including Huawei would add $62 billion to the expenses associated with Europe’s rollout of 5G networks....

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China’s Megvii Might Postpone IPO
China’s Megvii Might Postpone IPO
June 07, 2019  |  IPO

Chinese facial recognition company Megvii might decide to postpone its initial public offering (IPO), due to tensions and the trade war between the U.S. and...

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Treasury Dept. Puts Nine Countries On Watch List Over Currency Practices
Treasury Dept. Puts Nine Countries On Watch List Over Currency Practices
May 29, 2019  |  Cross-border Payments

The Treasury Department announced Wednesday (May 29) in a report to Congress that of the 21 major U.S. trading partners, only nine need further scrutiny...

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Chinese Travelers Stop Coming To US
Chinese Travelers Stop Coming To US
May 28, 2019  |  Cross-border Payments

Chinese tourism in the U.S. declined at a fast clip last year, ending what had been years of growth. Get the Full Story Complete the...

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Tariff Battle May See Mounting Retail Casualties
Tariff Battle May See Mounting Retail Casualties
May 27, 2019  |  Cross-border Payments

Trade wars leave casualties on the economic battlefield, wounding balance sheets and earnings as the costs to import (and sell) goods mounts. That’s especially true...

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China Regulator Warns Of Losses For Those Betting Against Yuan
China Regulator Warns Of Losses For Those Betting Against Yuan
May 26, 2019  |  Cross-border Payments

China’s banking and insurance regulator has warned that short sellers shouldn’t bet against the yuan, despite the fact that the currency has lost more than...

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