November 20, 20240 Comments

China funds cut ETF fees, escalating price war in booming market By Reuters

SHANGHAI/HONG KONG (Reuters) – Major Chinese fund companies announced a reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the rapidly expanding $400 billion sector of the market. The move to cut management and custodian fees came a day after Wu Qing, China’s chief securities regulator, pledged to encourage index investment and fund industry fee reform. ETFs – funds that typically track

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November 17, 20240 Comments

Biden to allow Ukraine to use US weapons inside Russia: Reports | Russia-Ukraine war News

The move comes as Joe Biden heads into his final months in US office, with successor Donald Trump believed to be more favourable towards Russia. Outgoing United States President Joe Biden will allow Ukraine to use US-provided weapons to strike inside Russia, various news outlets, including Reuters, the Associated Press and the New York Times, have reported. Three sources, familiar with the matter, including two US officials, told Reuters on

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November 16, 20240 Comments

G7 backs Ukraine as Zelenskyy says he wants to end war next year | Russia-Ukraine war News

Ukraine president says Kyiv will do everything possible so the war with Russia ends in 2025 ‘through diplomatic means’. Leaders of the G7 alliance have reaffirmed support for Ukraine “for as long as it takes” as President Volodymyr Zelenskyy said he wants to end the war through talks next year. The Ukrainian president said in a radio interview aired on Saturday that his side will do everything possible so that

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November 12, 20240 Comments

North Korea ratifies landmark mutual defence treaty with Russia | Russia-Ukraine war News

The treaty comes amid reports of about 11,000 North Korean soldiers being deployed to fight in Russia’s war against Ukraine. North Korea has ratified a landmark mutual defence treaty with Russia, state media has announced, as international concern grows over increasing military cooperation between Moscow and Pyongyang. Kim Jong Un, the leader of the Democratic People’s Republic of Korea – North Korea’s official name – signed a decree to ratify

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November 11, 20240 Comments

German finance minister warns of retaliation if U.S. kicks off trade war

Christian Lindner, Germany’s finance minister, during a meeting Janet Yellen, US treasury secretary, not pictured, at the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024. Ting Shen | Bloomberg | Getty Images German Finance Minister Christian Lindner on Friday warned that if the U.S. kicked off a trade war with the European Union, there could be retaliation. “Trade controversy sees never

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November 10, 20240 Comments

Biden will push Trump to back Ukraine in transition meeting: Adviser | Russia-Ukraine war News

United States President Joe Biden will try to convince President-elect Donald Trump not to pull support from Ukraine when he takes office, the outgoing president’s national security adviser has said. Biden will make his pitch to Trump, who has repeatedly bashed US aid to Ukraine, when the two meet on Wednesday for a White House transition meeting, Jake Sullivan said in an interview with the CBS News programme Face the

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November 10, 20240 Comments

Will Trump victory spark global trade war?

Donald Trump vowed on his campaign that he would tax all goods imported into the US if he won back the White House. Following his victory, businesses and economists around the world are scrambling to work out how serious he is. Trump sees tariffs as a way of growing the US economy, protecting jobs and raising tax revenue. In the past, he has targeted tariffs at individual countries such as

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