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Trump Slaps China with Tariffs On Up to $60 Billion in Imports…

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President Donald Trump signed an executive memorandum on Thursday that would impose retaliatory tariffs on up to $60 billion in Chinese imports. “This is the first of many” trade actions, Trump said as he signed the memo. The new measures are designed to penalize China for trade practices that the Trump administration says involve stealing […]

My Kuroda! Not a Single Japanese 10-Year Bond Traded Tuesday…

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The Bank of Japan has vacuumed up so much of the government bond market — in excess of 40 percent — that it’s left fewer securities for others to buy and sell. Some other buyers, such as pension funds and life insurers, also tend to follow buy-and-hold strategies. That’s the backdrop to Tuesday’s session, when […]

Kobe Steel Admits Data Fraud Went on Nearly Five Decades…

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Kobe Steel Ltd admitted on Tuesday its data fraud has been going on nearly five decades and also revealed new cases of cheating, highlighting the challenges facing the 112-year-old company mired in compliance failures and malfeasance. Japan’s third-biggest steelmaker said its CEO will step down to take responsibility for the widespread data fraud scandal that […]

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