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China treads a fine line as it seeks to mediate in Japan-South Korea trade dispute


Added 08-22-19 05:02:02am EST - “China appears to be stepping up to mediate between Japan and South Korea as their trade battle intensifies ” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “China treads a fine line as it seeks to mediate in Japan-South Korea trade dispute”. Below is an excerpt from the article.

Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.

After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.

The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.

Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.

Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.

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